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Chinese Consortium Bags USD 1.4bln Panama Bridge Project

Business
The government of Panama gave a US$1.4 billion contract to build a bridge over the Panama Canal to Panama Cuarto Puente, a Chinese consortium.

EU, South Korea boost discussions on Free Trade Agreement

Business
On 6 December, the EU and South Korea discussed the South Korean shipping and shipbuilding

DSME gets $400m to build ASR-II submarine rescue ship

Navy
South Korean shipbuilder DSME has received a 444 billion-won contract to build a new submarine rescue vessel for the Republic of Korea Navy.

Green light to uniquely profitable project

Oil & Gas
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development.

EU NAVFOR promotes maritime security dialogue in Somalia

Piracy
The Operation Commander of EU NAVFOR, Major General Charlie Stickland OBE, visited Mogadishu on 4-5 December 2018

Torqeedo displays 2019’s new electric boating products at Salon Nautique International de Paris.

Autonomous Shipping
Torqeedo says it will display its new products for electric mobility on the water at Salon Nautique International, Paris’ world-renowned boat show

Unmanned Response Boat Disperses Spills with Water Jets

Videos
The new spill response boat Vorax disperses oil with high pressure water jets, and it was recently displayed for the environmental authorities and future customers in California.

California Fines MSC $630,000 for Auxiliary Engine Usage

Merchant Navy
Number-two ocean carrier MSC has paid $630,000 in penalties to the California Air Resources Board for violating California's Ocean-Going Vessel At-Berth regulation.

Industry publishes improved cyber guidelines

Cyber Security
The industry will soon be under the obligation to incorporate measures to deal with cyber risks in the ship’s safety management system.

OPEC delays output decision

Oil & Gas
Oil fell nearly 3% in choppy trading on Thursday after OPEC and its allies ended a meeting without announcing a decision to cut crude output

The Tipping Point: U.S. Exports more Oil than it Imports

Oil & Gas
The United States last week exported more crude oil and fuel than it imported for the first time on record

Second Wello Penguin primes for action

Tidal Energy
Finnish wave energy developer Wello has launched its latest Penguin device for deployment at the European Marine Energy Centre off Orkney in Scotland.
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