Business

Swan Defence and Heavy Industries Limited (SDHI), located in India, confirmed that it has received its first shipbuilding order as part of the revitalization of its operations. The order, which comes from a European shipowner, is both the country’s first for a chemical tanker and aligns with India’s ambitions to develop into a leading global […]

Inspection reports across much of the commercial fleet paint a reassuring picture. Fire detection systems are operational, fixed firefighting systems are in good working order, equipment is serviced on time and instructions are correctly posted. On paper, vessels are doing what is required of them. The problem is that paper compliance is increasingly being mistaken […]

At a time when Canada is prioritizing development of Arctic infrastructure, a new port and railway project in Baffin Island has received construction approval. The project, Steensby Railway, is a critical component of expanding production in the Mary River iron ore mine in the northern Baffin Island. The iron ore mine is one of the […]

[By Jiang Mengnan] China has joined Chile and Belgium in competing to host the secretariat of the High Seas Treaty. The landmark UN agreement, which entered into force earlier this month, will govern the parts of the ocean located beyond national jurisdictions. China wants the city of Xiamen, on its southeast coast in the province of […]

OceanScore, a provider of commercial compliance solutions for maritime emissions regulations, has reached $5 million in annual recurring revenue (ARR). The milestone reflects growing demand from shipowners, managers, ports, and financial institutions for structured, data-based systems to manage the commercial consequences of EU ETS, FuelEU Maritime, and other emerging regimes. OceanScore’s growth has been driven by […]

CMA CGM is launching a ports joint venture with one of the world’s largest infrastructure investors. With a 25 percent investment from Stonepeak, this new JV – United Ports LLC – will buy 10 of CMA CGM’s operated port terminals. In effect, it will give Stonepeak a minority stake in the French company’s major seaport […]

The launch ceremony of the Italian Navy’s new Major Hydro-Oceanographic Ship (N.I.O.M.) named Quirinale, took place today at Fincantieri’s integrated shipyard in Riva Trigoso. Designed for scientific mapping and monitoring activities, the vessel will support the initiatives of the Italian Hydrographic Institute, strengthening the country’s maritime research and security capabilities. Attending the event were the […]

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