Norden Sells Five Vessels to Streamline Asset Portfolio

Danish shipping company Norden has sold five vessels since, retaining 20 owned vessels and 79 long-term leases with purchase options in its fleet.Out of the five sold vessels, three of them were

Six DOF Vessels Set to Sail to Africa for Multi-Million Dollar Subsea Job

Norwegian offshore supply vessel operator DOF Group has secured a ‘very large’ subsea umbilical, riser, and flowline (SURF) project for an undisclosed energy company offshore Africa.Under the contract, DOF will deliver its

Report: EU ETS Not Being Circumvented

The European Commission has adopted a report on the implementation of the EU Emissions Trading System (ETS) for shipping that indicates there is no evidence of major changes in the market that

Australian Green Hydrogen Project Receives Government Funding

The Australian Renewable Energy Agency (ARENA) has announced the first recipient from its Hydrogen Headstart Program, with $814 million in funding allocated under round 1 to Copenhagen Infrastructure Partners’ (CIP) 1,500 MW

Seaspan Boosts Investment in Automated Welding Technology

Seaspan Shipyards has announced a $5 million investment in Novarc Technologies Inc., a North Vancouver-based full-stack AI robotics company specializing in the design and manufacturing of automated welding solutions.The funding will fuel

U.S. Navy Needs to Rethink Private Sector Industrial Base Investments

The U.S. Government Accountability Office (GAO) has published a report indicating that the Navy needs a new approach to its reliance on the private sector.The Navy relies on contracts with private companies—the

Proposed Port Fees Could Choke U.S. Coal, Ag Exports

President Donald Trump's plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture

Dearth of Finance Kills Shipyard Sale

Russia's second-largest lender VTB's deal to acquire the Zvezda shipbuilding yard from oil company Rosneft is now dead because the VTB-owned United Shipbuilding Corporation (USC) cannot finance the acquisition, VTB CEO Andrei

As Hostilities Resume, Red Sea Insurance Rates Hold FIrm

The cost of shipping goods through the Red Sea is expected to remain firm after the United States carried out further airstrikes on Yemen on Monday, adding to fears of new attacks