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ONE Joins Large Shareholders in Bid to Take Seaspan’s Parent Private

ONE Joins Large Shareholders in Bid to Take Seaspan’s Parent Private

In a surprise development after the close of the stock market today, an investment group calling itself Poseidon Acquisition Corp. led by the largest investors in Atlas Corp. along with Ocean Network...

China Launches 11 Ballistic Missiles Into Waters Around Taiwan

China Launches 11 Ballistic Missiles Into Waters Around Taiwan

On Thursday, China's People's Liberation Army Rocket Force launched 11 ballistic missiles into the waters around Taiwan, according to U.S. officials. No damage has been reported. Taiwan's ministry...

Tugboat Unions to Disrupt Australian Ports in Long Contract Dispute

Tugboat Unions to Disrupt Australian Ports in Long Contract Dispute

Three of Australia’s maritime unions are threatening to disrupt operations at ten of Australia’s seaports on Friday, August 5, in their long-running dispute with Svitzer Towage, one of the country’s l...

MOL Joins Research JV Using Aerospace Engineering to Reduce Emissions

MOL Joins Research JV Using Aerospace Engineering to Reduce Emissions

Mitsui O.S.K. Lines, which has already been actively pursuing wind-assisted propulsion and fluid dynamics for improved performance, will now join a joint research effort for the application of aerospa...

Shell Signs On to Test All-Robotic Platform for Subsea Inspection

Shell Signs On to Test All-Robotic Platform for Subsea Inspection

Uncrewed offshore survey and inspection company Nauticus Robotics has reached an agreement with Shell on a program to develop and mature its systems for inspecting subsea infrastructure. Working with...

Maffei Says FMC to Investigate Carriers Storing Boxes at NY/NJ Port

Maffei Says FMC to Investigate Carriers Storing Boxes at NY/NJ Port

With complaints growing over backlogs and congestion in the Port of New York and New Jersey and unfair detention and demurrage charges, Federal Maritime Commissioner Daniel Maffei and Lucille Marvin,...

Rolls-Royce Power Systems Records Record Order Intake

Rolls-Royce Power Systems Records Record Order Intake

[By: Rolls-Royce’s Power Systems] Demand for products and solutions of Rolls-Royce’s Power Systems business remains very strong with continued record order intake in the first half. Demand has been...

Three Ships to Depart Ukraine as First Inbound Ship Awaits Inspection

Three Ships to Depart Ukraine as First Inbound Ship Awaits Inspection

The efforts to restart Black Sea shipping are accelerating with Turkish and UN officials confirming that they expect additional ships to depart ports in Ukraine on Friday, August 5, while the first in...

Changing Currents Could Accelerate Melting of East Antarctic Ice Sheet

Changing Currents Could Accelerate Melting of East Antarctic Ice Sheet

[By Laura Herraiz Borreguero, Alberto Naveira Garabato and Jess Melbourne-Thomas] Warmer waters are flowing towards the East Antarctic ice sheet, according to our alarming new research which reveal...

Freeport LNG Targets October Restart After Agreement with Regulators  

Freeport LNG Targets October Restart After Agreement with Regulators  

Freeport LNG reports that it is on track to restart portions of its LNG operations and exports in early October. The company entered into an agreement with regulators on the steps required before the...