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German shipowners are calling for the creation of a civilian “sea service” to strengthen the country’s ability to keep trade moving in times of crisis. The proposal, put forward by the German Shipowners’ Association (VDR), would allow young people to complete part of a future military service requirement at sea, building up a pool of …
https://splash247.com/german-shipowners-float-civilian-maritime-reserve-amid-rising-risks/
https://splash247.com/german-shipowners-float-civilian-maritime-reserve-amid-rising-risks/Many nations around the world are looking to either enter or resuscitate the shipyard sector, something South Korea’s largest shipbuilder is eyeing as a separate business avenue – selling not ships, but the knowledge of how to build them. HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai, will add “development and …
The dry bulk market is expected to firm into a period of “cautious stability” by the time industry players gather in Geneva next month, according to Amrit Singh, senior manager of shipping research at LSEG. Speaking ahead of Geneva Dry, Singh says the market would likely find a balance between steady demand and a growing …
https://splash247.com/geneva-dry-dialogues-london-stock-exchange-group/
https://splash247.com/geneva-dry-dialogues-london-stock-exchange-group/Cuba on Tuesday received a shipment of humanitarian aid from the Nuestra America Convoy, an international effort organized by global activists seeking to circumvent U.S. sanctions that severely restrict shipments of fuel and other goods to the…
https://www.marinelink.com/news/international-group-delivers-aid-cuba-537265
https://www.marinelink.com/news/international-group-delivers-aid-cuba-537265At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz.But beneath that surface symmetry lies a critical imbalance. The global…
https://www.marinelink.com/news/iran-war-hits-natural-gas-harder-oil-537266
https://www.marinelink.com/news/iran-war-hits-natural-gas-harder-oil-537266China is conducting a vast undersea mapping and monitoring operation across the Pacific, Indian and Arctic oceans, building detailed knowledge of marine conditions that naval experts say would be crucial for waging submarine warfare against the United States and its allies.In one example…
https://www.marinelink.com/news/china-mapping-ocean-floor-ready-submarine-537268
https://www.marinelink.com/news/china-mapping-ocean-floor-ready-submarine-537268The International Marine Contractors Association (IMCA) has welcomed DEME Offshore Energy Managing Director Hugo Bouvy as its new President.He succeeded Saipem’s Luca Gentili at the end of his two-year term at a meeting of IMCA’s Board on 18 March.Bruno Pinho…
https://www.marinelink.com/news/imca-welcomes-deme-offshore-energy-md-new-537269
https://www.marinelink.com/news/imca-welcomes-deme-offshore-energy-md-new-537269Ports of Indiana has opened a new federally approved bonded storage facility at its Mount Vernon port, marking a major expansion of capabilities and enabling the port to handle its first barge shipment of aluminum.The shipment, totaling approximately 1…
https://www.marinelink.com/news/ports-indiana-handles-first-aluminum-537271
https://www.marinelink.com/news/ports-indiana-handles-first-aluminum-537271A unit of Hong Kong conglomerate CK Hutchison said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2 billion.Panama Ports Company, which for nearly three decades…
https://www.marinelink.com/news/ck-hutchison-says-panama-arbitration-537274
https://www.marinelink.com/news/ck-hutchison-says-panama-arbitration-537274Confusion reigns supreme on day 25 of the Hormuz shipping crisis, with president Donald Trump yesterday stating that the US and Iran are in “very good and productive conversations regarding a complete and total resolution” to the war in the Middle East, and that the US will pause all military strikes against Iranian energy assets …
https://splash247.com/conflicting-hormuz-claims-leave-shipping-in-limbo-and-markets-swinging/
https://splash247.com/conflicting-hormuz-claims-leave-shipping-in-limbo-and-markets-swinging/