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South Korea Invests in AI for Shipyards

The South Korean government is planning to build smart shipyards equipped with artificial intelligence technology in a move expected to boost the cost competitiveness of the nation's small to mid-size shipbuilders. 

Shell Takes FID on LNG Canada

Shell Canada Energy, an affiliate of Royal Dutch Shell, has taken a FID on LNG Canada, a major LNG project in Kitimat, British Columbia, Canada, in which Shell has a 40 percent working interest. 

Van Oord and Dredging International awarded a major contract

Van Oord and Dredging International, a DEME Group subsidiary, have been awarded a major contract for the modernisation of the Świnoujście – Szczecin fairway in Poland

Drewry: Asia to Middle East, South Asia Trade Sees Weak Demand

Demand revisions suggest that demand from Asia to the Middle East and South Asia is in a steep decline, according to a report from shipping consultancy Drewry.

Seven major global ports join forces to tackle global warming

Seven major international ports recognized for advancing environmental initiatives have teamed up to launch the 'World Ports Climate Action Program'

Koreans link Hornsea 2 onshore

LS Cable & System will supply some 350km of onshore cables for Orsted's 1400MW Hornsea 2 offshore wind farm off the coast of Yorkshire in England.

Hyundai Merchant Marine to Spend $2.8 Bln on 20 Containerships

South Korea's largest shipping line Hyundai Merchant Marine (HMM) said it will invest 3.153 trillion won ($2.84 billion) for 20 new large containerships to be delivered by June 2021.

HHI to Build Six US Navy Destroyers in $5.1 Bln Contract

HII Ingalls Shipbuilding division today announced that it has been awarded a $5.1 billion fixed-price incentive, multiyear procurement contract for construction of six Arleigh Burke-class Flight III destroyers for the U.S. Navy.

ClassNK warns owners not to wait for deadline to install ballast water systems

Japanese classification society ClassNK is advising owners to fit ballast water management systems (BWMS) well ahead of time as it sees a large spike in retrofit numbers in 2022.

Tanker Market: VLCCs’ Enquiries Rising

The Golden Week holiday prompted an uptick in enquiry with rates firming four points to WS 59/59.5 for 270,000mt from the Middle East Gulf to both China and Singapore

Uncertain options for IMO 2020 sulfur cap, but disruptions expected – analyst

While analysts expect disruptions in the coal export and import markets, solutions to the International Maritime Organization’s 2020 sulfur cap remain unclear, a Wood Mackenzie analyst said in a report.

Infographic: October is US cyber security awareness month

Every year since 2003, October has been recognized as National Cyber Security Awareness Month (NCSAM) in the US, aiming to raise awareness about the importance of cyber security.

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