Hyundai Heavy Industries' proposed takeover of rival Daewoo Shipbuilding & Marine Engineering Co Ltd to create the world's biggest shipbuilder was hit with an EU veto on Thursday on concerns that the deal would hurt competition.Hyundai, one of the larg...
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China 2021 Iron Ore Imports Retreat from Record on Steel Curbs
China's iron ore imports dropped in 2021, down 4.3% from the previous year's record annual high, as steel production curbs imposed to combat pollution dented demand and pulled prices of the key steelmaking material off historical highs.The world's…
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Is Baltic Sea Special Area for Passenger Ships Really Special?
The persistent eutrophication (being too rich in nutrients) of the Baltic Sea prompted the IMO’s Baltic Member States to tackle shipping’s
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Course Correction for DDG 1000, Navy Will Replace Main Battery for Guided Missile Destroyer
The U.S. Navy’s controversial USS Zumwalt (DDG 1000) class of guided missile destroyers raises the legitimate question of whether a ship is too transformational, or not transformational enough.While the Navy Fact File states that DDG 1000 is…
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Singapore Remains World’s Top Maritime Hub
Singapore has held onto its spot atop the list of the world's best maritime cities, according to a recent report from classification society DNV and Menon Economics.The 2022 edition of the Leading Maritime Cities (LMC) report launched Thursday…
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McLean Contracting Company Acquires Shugart Manufacturing
Maryland-headquartered heavy civil and marine contractor McLean Contracting Company announced it has acquired South Carolina-based Shugart Manufacturing, designer and builder of sectional barges, barge propulsion units and accessories, screeds…
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Dutch Windship Company Opens Funding Round
EcoClipper, a shipping company which has developed a wind-driven, emission-free cargo ship, has started to raise capital in cooperation with blockchain partner Bondex, to fit out a sustainable fleet.Founded in 2018, EcoClipper plans to launch…
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New Guidance Aims to Curb Maritime Pilot Transfer Fatalities
A guide to maritime pilot transfer safety has been updated amid industry concerns about poorly rigged ladders causing severe injuries or fatalities.The ‘Shipping Industry Guidance on Pilot Transfer Arrangements’, produced by the International…
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SMS Towage Buys Tug from Sanmar
Sanmar Shipyards said it has reached a deal to sell one of its 2020-built tugboats to SMS Towage, the UK’s largest family-owned towage company.The contract is for the purchase of Sirapinar XV, a vessel based on the RAmparts 2200 design from Canadian na...
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Fincantieri Floats Out Viking Neptune
Italian shipbuilding group Fincantieri said Thursday it has floated out the newest ocean cruise ship it is building for shipowner Viking.The new ship, Viking Neptune, was floated out at Fincantieri's Ancona shipyard. The vessel is the eight…
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