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Cido Shipping founder Hyuk Kwon has pledged five overseas ships as collateral after agreeing to settle KRW393.8bn ($277m) in personal tax arrears in South Korea, bringing a 15-year dispute with the country’s tax authorities towards a close. South Korea’s National Tax Service said Kwon has submitted a plan to clear the entire amount and already …
https://splash247.com/cido-boss-pledges-five-ships-to-settle-277m-korean-tax-bill/
https://splash247.com/cido-boss-pledges-five-ships-to-settle-277m-korean-tax-bill/The shipping industry is working to improve fuel efficiency and ship performance to address decarbonization requirements, new regulations and rising operational costs. To support these developments, BIMCO has adopted the Energy Saving Device…
https://www.marinelink.com/news/bimco-adopts-energy-saving-device-543569
https://www.marinelink.com/news/bimco-adopts-energy-saving-device-543569Syria called on the International Maritime Organization and Bulgarian authorities on Thursday to conduct an independent investigation into the sinking of a cargo ship in the Black Sea, whose 10 crew members including 9 Syrians were missing.The…
https://www.marinelink.com/news/syria-calls-imo-bulgaria-probe-sinking-543572
https://www.marinelink.com/news/syria-calls-imo-bulgaria-probe-sinking-543572Tankers are facing a higher risk of attacks and intimidation as they try to get critical shipments through the Strait of Hormuz after Iran issued new warnings it would block routes that it has not authorized, sources said.Last week already saw…
https://www.marinelink.com/news/iran-close-hormuz-routes-risk-tanker-543573
https://www.marinelink.com/news/iran-close-hormuz-routes-risk-tanker-543573US natural gas futures held near a two-week high on Thursday as a bigger-than-expected storage build last week offset the drop in output in recent days as energy firms reduced flows on offshore Gulf of Mexico pipelines ahead of Hurricane Isaias.Front…
https://www.marinelink.com/news/us-natural-gas-prices-steady-storage-543574
https://www.marinelink.com/news/us-natural-gas-prices-steady-storage-543574Intensifying attacks by Russia and Ukraine ahead of the winter are further endangering navigational safety in the Black Sea, Turkish Foreign Minister Hakan Fidan said on Thursday, adding that world powers must not allow the region to be turned into a new front in the war.NATO member Turkey…
https://www.marinelink.com/news/turkish-foreign-minister-russia-ukraine-543575
https://www.marinelink.com/news/turkish-foreign-minister-russia-ukraine-543575Asian countries are racing to raise their oil stockpiling capacity, complete a regional power grid and speed up renewables in response to supply risks laid bare by the Iran war.Southeast Asia has been worst hit by the energy impact as 80% of…
https://www.marinelink.com/news/asian-countries-rush-stockpile-oil-543576
https://www.marinelink.com/news/asian-countries-rush-stockpile-oil-543576Gecko Robotics announced a partnership with Anduril Industries to help accelerate American shipbuilding using advanced robotics, AI-powered software, and automated quality assurance. The partnership will support Anduril's Arsenal-2, a new software-defined shipyard in Baltimore County…
https://www.marinelink.com/news/gecko-robotics-anduril-accelerate-543578
https://www.marinelink.com/news/gecko-robotics-anduril-accelerate-543578The U.S. Navy’s Military Sealift Command is a critical part of the United States’ national security equation, as any navy only goes as far as its supply chain allows. RADM Benjamin Nicholson, Commander, U.S. Navy Military Sealift Command, visited with Maritime Matters: The MarineLink Podcast…
https://www.marinelink.com/news/mscs-mariner-math-rebuilding-workforce-543580
https://www.marinelink.com/news/mscs-mariner-math-rebuilding-workforce-543580Bollinger Shipyards this week welcomed Director of the Office of Management and Budget (OMB) Russ Vought, Commandant of the U.S. Coast Guard Adm. Kevin Lunday, and senior Coast Guard and Administration officials to its Houma and LaShip facilities…
https://www.marinelink.com/news/bollinger-shipyards-remains-track-us-543581
https://www.marinelink.com/news/bollinger-shipyards-remains-track-us-543581