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The Switch, a power electronics provider for the marine industry, has won a contract to deliver the single drives for shaft generators that will be installed on four tankers under construction at Xiamen Shipbuilding Industry in Fujian Province.The 113…
https://www.marinelink.com/news/switch-supply-single-drives-new-525369
https://www.marinelink.com/news/switch-supply-single-drives-new-525369South Korean shipbuilder Hanwha Ocean aims to boost its revenue from overseas military vessels to around 4 trillion won ($2.91 billion) by 2030 and hopes to pick up more repair orders from the U.S. Navy, a senior executive told Reuters.The Asian…
https://www.marinelink.com/news/hanwha-ocean-hopes-collaborate-us-navy-525370
https://www.marinelink.com/news/hanwha-ocean-hopes-collaborate-us-navy-525370The Philippines has deployed a coast guard vessel and an aircraft to challenge and escort a Chinese research ship it said was conducting illegal marine scientific research activities within the country's exclusive economic zone.The Chinese Research Vessel (CRV) Tan Suo 3 was detected entering the co
https://www.marinelink.com/news/philippine-coast-guard-confronts-chinese-525371
https://www.marinelink.com/news/philippine-coast-guard-confronts-chinese-525371Cox Marine announced a series of changes to its commercial operations and sales leadership structure. Over the past three years, Cox Marine has made strides to deliver its first product to market—the 300 V8, the world’s first purpose-built, high-horsepower diesel outboard.
https://www.marinelink.com/news/cox-marine-restructures-commercial-525375
https://www.marinelink.com/news/cox-marine-restructures-commercial-525375Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile, a regulatory filing showed on Monday.The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes
https://www.marinelink.com/news/totalenergies-seeks-b-permit-green-525376
https://www.marinelink.com/news/totalenergies-seeks-b-permit-green-525376The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday.U.S. President Donald Trump's global tariff announcements have since last month contributed…
https://www.marinelink.com/news/us-gulf-oil-output-reach-million-bpd-525377
https://www.marinelink.com/news/us-gulf-oil-output-reach-million-bpd-525377Chinese bulker owner and operator Fujian Highton Development has struck a sale and leaseback deal for four recently-purchased vessels. The fast-growing Shanghai-listed company is selling a pair kamsarmax and panamax bulkers each to compatriot lessor Xiamen Xiangyu Financial Leasing for $59.2m. The vessels are the 2013-built 81,800 dwt AM Krakow and AM Buchanan and 2013- …
https://splash247.com/fujian-highton-seals-four-ship-sale-and-leaseback/
https://splash247.com/fujian-highton-seals-four-ship-sale-and-leaseback/Chinese bulker owner and operator Jinhui Shipping and Transportation has reportedly offloaded another one of its older supramaxes in what would mark the company’s second sale this year. S&P sources suggest the Oslo- and Hong Kong-listed company is shipping out the 2008-built 57,000 dwt Jin Tong to Chinese buyers in a deal worth $10.5m. Jinhui, …
https://splash247.com/jinhui-linked-to-second-supramax-sale-this-year/
https://splash247.com/jinhui-linked-to-second-supramax-sale-this-year/Abu Dhabi-based ports and logistics giant AD Ports Group has signed a 50-year concession deal with Egypt’s Suez Canal Economic Zone to set up a 20 sq km logistics and industrial zone east of Port Said on the Mediterranean Sea. Under the agreement, AD Ports Group will develop, build, finance, operate, and manage the industrial …
https://splash247.com/ad-ports-strikes-deal-to-set-up-logistics-zone-in-egypt/
https://splash247.com/ad-ports-strikes-deal-to-set-up-logistics-zone-in-egypt/Taiwanese owner and operator Dong Fang Offshore (DFO) has ordered another commissioning service operation vessel (CSOV) from Fincantieri-controlled Norwegian shipbuilder Vard. The vessel will be a sister ship to the two CSOVs contracted in May 2024, and follows the order of a subsea construction vessel from the yard last month. The CSOV is based on …
https://splash247.com/dong-fang-offshore-orders-third-csov-from-vard/
https://splash247.com/dong-fang-offshore-orders-third-csov-from-vard/