The collision between the MV Stena Immaculate and the feeder containership MV Solong off Grimsby in the UK last week highlights the continuation of maritime accidents, with human error often as the cause. The response to maritime safety concerns…
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Mulino Dismisses Claims of U.S. Evaluating Panama Canal Access
Panama's President Jose Raul Mulino said on Thursday that he didn't place any value on reports the U.S. military is looking into options for ensuring full U.S. access to the Panama Canal, since these reports came from unnamed sources."If no one puts th...
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Russia and US: Black Sea Shipping Discussion on Monday
Russian and U.S. experts will discuss ways to ensure the safety of shipping in the Black Sea at talks on a possible Ukrainian peace settlement in Riyadh on Monday, the Kremlin said.After Russian forces made gains in 2024, President Donald Trump reverse...
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U.S. Imposes Iran-related Sanctions on Oil Tankers
The U.S. on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot", or independent refinery, and vessels that supplied crude oil to such processing plants.It was Washington's fourth round…
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Philippines Mulls Conversion of Former US Naval Base Into Military Reservation
The Philippines is exploring the possibility of converting two islands that were once part of a U.S. navy base into a military reservation, its defence department said on Thursday, a move to bolster its presence in waters facing the South China…
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CK Hutchison Reports 11% Profit Drop in 2024
CK Hutchison on Thursday reported an 11% drop in underlying profit for 2024, as one of Hong Kong's most powerful conglomerates becomes increasingly embroiled in a political row over the sale of its ports business to a BlackRock-led consortium.The telec...
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Seaspan Boosts Investment in Automated Welding Technology
Seaspan Shipyards has announced a $5 million investment in Novarc Technologies Inc., a North Vancouver-based full-stack AI robotics company specializing in the design and manufacturing of automated welding solutions.The funding will fuel product…
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U.S. Navy Needs to Rethink Private Sector Industrial Base Investments
The U.S. Government Accountability Office (GAO) has published a report indicating that the Navy needs a new approach to its reliance on the private sector.The Navy relies on contracts with private companies—the "industrial base"—to build and, in many c...
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Proposed Port Fees Could Choke U.S. Coal, Ag Exports
President Donald Trump's plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle…
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Dearth of Finance Kills Shipyard Sale
Russia's second-largest lender VTB's deal to acquire the Zvezda shipbuilding yard from oil company Rosneft is now dead because the VTB-owned United Shipbuilding Corporation (USC) cannot finance the acquisition, VTB CEO Andrei Kostin said on Tuesday.VTB...
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