The state government of Western Australia (WA) has approved a reduced first milestone payment to Carnegie Clean Energy as part of an A$16m grant for the Albany wave project.
Nexen Petroleum, a unit of China’s CNOOC Ltd., plans to divest its stake in the Gulf of Mexico as trade tensions between the US and China mount, according to a Reuters report.
Kongsberg, the Norwegian company leading the world in autonomous shipping, has sought to allay fears that technological advancements will lead to widespread job losses in the industry.
The UK Hydrographic Office (UKHO) has deployed a motorboat to survey the waters off Dominica as part of the Commonwealth Marine Economies (CME) Programme.
Hyundai Merchant Marine (HMM) informed that it has finalised the contracts for its twenty eco-friendly mega containerships with three shipyards. The order includes twelve above-20,000-TEU and eight 14,000-TEU mega boxships.
On Tuesday, a one-day strike brought industry to a halt across Argentina, including the operations of the key agricultural port of Rosario. Freight companies and public-sector transport organizations also saw stoppages.