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Austal USA and Master Boat Builders, Inc. entered into a memorandum of understanding (MOU) establishing a strategic outsourcing partnership designed to expand U.S. shipbuilding capacity by increasing the ability of regional shipyards to take on large, complex programs for the U.S.
https://www.marinelink.com/news/master-boat-austal-ink-shipbuilding-deal-529627
https://www.marinelink.com/news/master-boat-austal-ink-shipbuilding-deal-529627US oil major ConocoPhillips has announced plans to lay off up to 25% of its workforce, as part of its cost-cutting measures. ConocoPhillips will be laying off between 20% and 25% of the company’s employees, and contractors will be impacted worldwide. The company had a global headcount of 11,800 workers as of December 31, 2024. …
https://splash247.com/conocophillips-to-lay-off-up-to-25-of-its-workforce/
https://splash247.com/conocophillips-to-lay-off-up-to-25-of-its-workforce/Pierre Aury assesses how shipping fares when it comes to safety and share prices. A few months ago Allianz published its annual safety and maritime review for the year 2024. As usual it makes good reading. In a nut shell in 2024, 27 total losses were recorded, down 75% from 105 total losses recorded in …
https://splash247.com/safety-shipping-and-capital-markets/
https://splash247.com/safety-shipping-and-capital-markets/Turkish outfit Stella Tanker Gemi İşletmeciliği (Stella Tanker Ship Management) has ordered up to four new chemical tankers in China, marking its first major fleet expansion move. The Izmir-based company, which currently manages a single vessel — the 2009-built, 9,000 dwt Unda — has signed a deal with Zhejiang Yongxin Shipping for three 7,300 dwt …
https://splash247.com/turkeys-stella-gemi-orders-chemical-tankers-in-china/
https://splash247.com/turkeys-stella-gemi-orders-chemical-tankers-in-china/Procureship, an e-procurement platform provider, has partnered with Copenhagen-based climate data specialist ReFlow to launch a new Scope 3 emissions solution to enable shipowners, operators, and managers to prepare for new climate-related reporting requirements by mapping emissions across their procurement value chains. As shipping stakeholders begin to respond to new requirements set out by the …
https://splash247.com/emissionpassport-launched-to-map-hidden-emissions-in-shipping-supply-chains/
https://splash247.com/emissionpassport-launched-to-map-hidden-emissions-in-shipping-supply-chains/A declaration seeking stronger protection for seafarers was adopted in a Philippine government-led conference in Manila earlier this week. The Manila Declaration on Seafarers’ Human Rights, Safety and Well-Being outlines eight commitments that advance sailors’ welfare amid the risks they face at sea, including global health crisis and conflicts. “The Manila declaration is forward looking. …
Starlink Maritime has slashed the cost of its unlimited data package for IMO-registered vessels from $25,000 per month to just $2,500 – a 90% reduction – with distributors throwing in free high-performance hardware. The Mobile Priority Unlimited package, which had been launched in early 2024, is now being pitched squarely at the commercial shipping sector. …
https://splash247.com/starlink-maritime-slashes-unlimited-data-plan-price-by-90/
https://splash247.com/starlink-maritime-slashes-unlimited-data-plan-price-by-90/Ship vetting platform RightShip has a new minority investor in the form of Permira, a London-headquartered investment firm. The new investment will continue to see founding shareholders BHP, Cargill and Rio Tinto each retaining their equal stakes. No price details have been revealed. Representatives of BHP, Cargill and Rio Tinto said in a joint statement: …
https://splash247.com/permira-becomes-minority-shareholder-in-rightship/
https://splash247.com/permira-becomes-minority-shareholder-in-rightship/The United States is leaning hard on allies and rivals alike to reject a landmark United Nations agreement to slash emissions from marine fuels, Reuters reports. Washington has warned that nations pressing ahead with the International Maritime Organization’s (IMO) proposed framework could face a battery of retaliatory measures – from tariffs and port levies to …
https://splash247.com/us-threatens-tariffs-and-port-levies-to-sink-imo-green-deal/
https://splash247.com/us-threatens-tariffs-and-port-levies-to-sink-imo-green-deal/Senior U.S. national security officials said on Wednesday that military operations against cartels would continue, setting the stage for a sustained military campaign in Latin America even as basic questions about a deadly strike against a vessel from Venezuela remained unanswered.The U.S.
https://www.marinelink.com/news/us-strike-venezuelan-vessel-kills-eleven-529588
https://www.marinelink.com/news/us-strike-venezuelan-vessel-kills-eleven-529588