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Hanwha Shipping, a U.S. subsidiary of Korean shipbuilder Hanwha Ocean, on Tuesday said it ordered an LNG carrier valued at roughly $252 million from its own Pennsylvania-based unit Hanwha Philly Shipyard.Under the agreement, the ship will be built in Korea and flagged in the United States.
https://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214
https://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214The United States on Tuesday imposed sanctions on what it said was a Houthi-linked petroleum smuggling and sanctions evasion network across Yemen and the United Arab Emirates in fresh action targeting the Iran-backed militant group.The U.S.
https://www.marinelink.com/news/us-targets-houthis-fresh-sanctions-528216
https://www.marinelink.com/news/us-targets-houthis-fresh-sanctions-528216The European Union has lifted sanctions against three tankers managed by Japan's Mitsui O.S.K.
https://www.marinelink.com/news/eu-lifts-sanctions-against-three-lng-528217
https://www.marinelink.com/news/eu-lifts-sanctions-against-three-lng-528217Coast Guard and Maritime Transportation Subcommittee Chairman Mike Ezell (R-MS) delivered his opening remarks at the July 22 hearing on the Federal Maritime Commission (FMC) budget request highlighting his interest in the impact of flags of…
https://www.marinelink.com/news/foreign-flags-investigation-fmc-528219
https://www.marinelink.com/news/foreign-flags-investigation-fmc-528219Italy’s Next Geosolutions (NextGeo) has acquired a controlling stake in fellow subsea contractor Rana Subsea, expanding its reach and capabilities in the offshore energy support segment. The Milan-listed company, part of Naples-based Marnavi Group, has agreed to buy 75.4% of Rana Subsea. The shares were acquired from Nettuno Holding (55.8%) and Rana CEO Alessandro Buffa …
https://splash247.com/next-geosolutions-takes-over-subsea-contractor-rana/
https://splash247.com/next-geosolutions-takes-over-subsea-contractor-rana/Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S.
https://www.marinelink.com/news/lockheed-martin-q-profit-plunges-b-pretax-528199
https://www.marinelink.com/news/lockheed-martin-q-profit-plunges-b-pretax-528199Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the International Monetary Fund said on Tuesday, warning that tariffs were not the answer.In its annual External Sector Report…
https://www.marinelink.com/news/imf-warns-tariffs-wont-solve-global-528201
https://www.marinelink.com/news/imf-warns-tariffs-wont-solve-global-528201ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.As of January 1…
https://www.marinelink.com/news/abs-wavesight-platform-selected-528204
https://www.marinelink.com/news/abs-wavesight-platform-selected-528204Ocean Group, a leader in the maritime industry in Quebec, announced a change in its shareholding structure, marking a milestone in its development. The transition is being carried out with the continued involvement of Mr. Gordon Bain, the company's founder…
https://www.marinelink.com/news/ocean-group-changes-shareholding-528206
https://www.marinelink.com/news/ocean-group-changes-shareholding-528206Ballard Power Systems announced the signing of a new purchase order for the supply of 6.4 MW of fuel cell engines to eCap Marine GmbH, a expert in emission free power, for deployment on two vessels by Samskip, one of the largest multimodal European operators specializing in short sea…
https://www.marinelink.com/news/ballard-announces-mw-fuel-cell-order-528208
https://www.marinelink.com/news/ballard-announces-mw-fuel-cell-order-528208