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Coast 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-528208Iron ore futures prices closed higher for a fifth straight session on Tuesday, buoyed by expectations of further stimulus after Beijing unveiled a $170 billion hydropower project to boost economic growth. The most-traded September iron ore contract on China’s Dalian Commodity Exchange traded 2.49% higher at 823 yuan ($114.72) a metric ton. The benchmark August ...
https://www.hellenicshippingnews.com/iron-ore-climbs-for-fifth-session-on-beijing-hydropower-stimulus/The Documentary Committee of the world’s largest shipping association, BIMCO, has adopted a standard clause aimed at addressing contractual uncertainties that may arise from the US Trade Representative’s notice of actions to impose fees on Chinese-related ships calling US ports. A BIMCO subcommittee comprising legal and commercial experts began working on the clause at the …
https://splash247.com/bimco-issues-clause-to-tackle-us-fees-on-china-linked-ships/
https://splash247.com/bimco-issues-clause-to-tackle-us-fees-on-china-linked-ships/Japan’s Mitsui OSK Lines (MOL) is consolidating its shipmanagement businesses under a single brand and location, aiming to streamline operations and enhance service quality across all vessel types. The Tokyo-headquartered shipping giant has renamed its Singapore-based LNG management arm, MOL LNG Ship Management, to MOL Global Ship Management (MOLGSM). The move marks the beginning of …
https://splash247.com/mol-launches-global-shipmanagement-arm/
https://splash247.com/mol-launches-global-shipmanagement-arm/