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Indian Company Adani Ports To Acquire 80% Stake In Dubai-Based Astro Shipping For $185 Million Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, has announced that it will acquire 80% stake in Dubai-based offshore supply vessel company Astro Offshore in a deal valued at $185 million (Rs 155.1 crore). APSEZ CEO […]
Adani Ports To Acquire 80% Stake In Astro Shipping For $185m Read More »
US Navy Laid Arleigh Burke-80 The U.S. Navy laid the keel of the Arleigh Burke-class destroyer USS 80 at General Dynamics Bath Iron Works shipyard in Maine. During the event, the ship’s standard components were installed, and the initials of the ship’s sponsors were welded to the keel plate. The future US William Schallett (DDG
US Navy Lays Keel of 80th Arleigh Burke Destroyer Read More »
Namibia Blocks Entry Of Cargo Ship Loaded With Explosives Bound For Israel Namibian authorities have blocked a Portuguese-flagged cargo ship, the MV Katrin, from docking at Walvis Bay, the country’s largest commercial port, on suspicion of transporting military supplies to Israel. Namibian Justice Minister Yvonne Dausup said the ship could not dock because it was
Namibia Blocks Entry Of Cargo Ship For Israel Read More »
CSSC Tianjin, the Bohai Bay division of world-leading shipbuilder CSSC, is expanding significantly by acquiring a neighbouring shipyard that filed for bankruptcy in 2021. CSSC plans to buy Tianjin Xingang Heavy Industries Shipyard parts in the Tianjin Lingang Free Zone. Tianjin Xingang closed in 2021, and CSSC Tianjin is leasing some of its space, including
CSSC Tianjin Adds Two Drydocks With Purchase of Yard Read More »
Japan is building the world’s largest coast guard ship, surpassing China’s CCG 5901 The Japan Coast Guard said it will begin constructing the largest multi-purpose patrol ship in 2025. The ship will be as long as two football fields and respond to emergencies and disasters. The 30,000-ton behemoth dwarfs the China Coast Guard’s CCG 5901,
Japan Making Largest Coast Guard Ship, Topping China’s CCG Read More »
HD Hyundai Acquires Fuel Cell Leader Convion For $80 Million HD Hyundai subsidiary HD Korea Shipbuilding & Offshore Engineering announced the acquisition of a majority stake in Convion, a leading fuel cell system developer based in Finland, for €72 million (approximately $80 million). Founded in 2012 and headquartered in Helsinki, Convion focuses on solid oxide
HD Hyundai Seeks Expansion In Hydrogen Fuel Cell Market Read More »
Red Sea Security Insurance Nearly Doubles After Sounion Attack Insurance costs for ships traveling through the Red Sea have nearly doubled after Yemen’s Houthi rebels attacked a tanker that appeared to be leaking oil, raising environmental concerns about the trade route, oil industry sources said on Wednesday. The Iran-aligned Houthis first launched drone and missile
Red Sea Security Insurance Nearly Doubles After Sounion Attack Read More »
The US Virginia-class submarine USS Hawaii (SSN 776) has arrived at the USS Stirling in Western Australia. The historic visit marks Australia’s first Submarine Maintenance Period (STMP) and showcases the growing partnership between Australia, the United States and the United Kingdom. US Navy Submarine Undergoes Maintenance In Australia For The First Time The SMTP will
US Navy Submarine Undergoes Maintenance In Australia Read More »
Nearly 20,000 workers at India’s main ports, who had threatened to strike indefinitely from Wednesday, ended their walkout late on Tuesday after agreeing to a new five-year deal. The deal avoids further problems for an already strained global supply chain that is suffering from high shipping costs and congestion at major ports in Asia and
Indian Port Workers End Strike, Agree New Wage Deal Read More »
A Royal Malaysian Navy Ship Completely Sank Off The Coast Of Johor Due To Severe Flooding A Royal Malaysian Navy (RMN) ship sank after colliding with an underwater object off the coast of Johor on August 25, 2024. All 39 crew members on board were safely evacuated with no casualties. The ship, named KD Pendekar,
Royal Malaysian Navy Ship Sinks Due To Flooding Read More »