As inflation starts to slowly ramp up across the world, the US is gradually heading for a recession as the American economy shrank through Q1, reports cash buyer GMS, and the U.S. Dollar has weakened against some recycling nation currencies.The…
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World’s Largest Battery-Electric Ship Launched
Incat Hull 096 – the world’s largest battery-electric ship – has been officially launched in Tasmania, Australia.Built for South American ferry operator Buquebus, the 130-meter ferry will enter enters service between Buenos Aires and Uruguay…
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Wallenius Wilhelmsen Finalizes Acquisition of Armacup
Wallenius Wilhelmsen has acquired the remaining shares in Armacup, bringing the shareholding percentage from 65 to 100%.Armacup is a New Zealand-headquartered shipping company that has pioneered the Japanese used car trade since the 1980s. Armacup…
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NGO in Talks with Malta to Repair Gaza-Bound Aid Ship
An international NGO that intends to deliver humanitarian aid to Gaza by sea said on Sunday it was in talks with Malta's government about allowing the vessel to enter Maltese waters to repair damage caused by a drone attack.The ship "Conscience"…
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What’s New in the Reintroduced SHIPS for America Act?
On April 30, Senator Mark Kelly (D-AZ), together with several original co-sponsors, reintroduced the SHIPS for America Act in the U.S. Senate, first introduced in December 2024, divided into two bills. Companion legislation was also introduced in the U...
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Rig Retirements Set to Rise as Utilization Falls to Lowest Level Since 2021
The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this – including Saudi…
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How FLNG Tech Supports Energy Transition
Fast-growing energy demand is driving the need for technical support and guidance in new locations, writes Terrance Roberts, Manager, Global Business Development, ABS.Surging appetite for natural gas is accelerating the development of global and region...
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Australian Border Force: Ten Illegal Fishers Found Guilty
Ten Indonesian nationals pleaded guilty to illegally fishing in Australian waters in separate cases at Darwin Local Court on April 29 and 30, 2025. The first case arose from an incident on April 3, 2025, when Australian authorities identified…
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Humanitarian Aid Ship Hit by Drones While En Route to Gaza
A Gaza-bound ship carrying humanitarian aid and activists was, according to its organizers, bombed by drones in international waters early on Friday morning.Organizers, the Freedom Flotilla Coalition, have alleged that Israel is to blame.This video…
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Argentinian Southern Energy Project, Golar LNG Agree on Second LNG Liquefaction Vessel
Argentina's Southern Energy Project said on Friday it has agreed with Golar LNG a contract for a second liquefaction vessel with a capacity of 3.5 million metric tons of liquefied natural gas (LNG) per year, a vessel which should arrive in the country ...
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