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China Merchants Energy Shipping (CMES) is poised to become the largest shareholder in Antong Holdings after announcing a strategic acquisition of up to 13.8% of the domestic container shipping firm. The move follows the recent collapse of a previously planned asset deal between the two state-backed players. CMES will invest up to RMB1.8bn ($250 m) …
The Houthi armed group in Yemen attacked two bulk carriers in the Red Sea earlier this year, which NGO Human Rights Watch said today are violations of the laws of war amounting to war crimes. The Houthis sunk both ships, killing and injuring several crewmembers, and appear to be unlawfully detaining six rescued crewmembers. The NGO …
https://splash247.com/houthi-attacks-branded-war-crimes-by-human-rights-watch/
https://splash247.com/houthi-attacks-branded-war-crimes-by-human-rights-watch/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-528204