US Hits Iranian Shipping Network with New Sanctions

The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its "maximum pressure" campaign after

KIMM, Natural Resources Canada Sign MoU on Clean Technology Cooperation

The Korea Institute of Machinery and Materials (KIMM), under the National Research Council of Science & Technology (NST), signed a Memorandum of Understanding (MoU) with Natural Resources Canada (NRC) to establish a

Fincantieri Reports Record €57.7B Shipbuilding Backlog

Fincantieri reported a sharp rise in first-half 2025 results, with growth across all segments and a record order backlog that solidifies its position as one of the world’s leading shipbuilders.Revenues reached €4.58

South Korea's Political, Business Leaders Push for U.S. Tariff Deal

Three cabinet-level South Korean officials met U.S. Commerce Secretary Howard Lutnick in Washington for trade talks, Seoul said on Wednesday, as top business leaders were also reported to be flying in to

MOL Names Dual-fuel VLCC Newbuilding Chartered by Equinor

Mitsui O.S.K. Lines (MOL) has held a naming ceremony for the newbuilding very large crude carrier (VLCC) Energia Viking for Equinor, at the Dalian COSCO KHI Ship Engineering shipyard in China.The Energia

Mitsui, MOL Buy Port of Nigg and Energy Firms from Global Energy Group

Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a

Tsunami Waves Reach Hawaii Following Major Earthquake in Russia’s Far East

A powerful magnitude 8.8 earthquake off Russia's Far Eastern Kamchatka Peninsula triggered tsunami waves of up to 5 metres (16 feet) and sparked evacuation orders in Hawaii and across the Pacific on

New App Teaches COLREGs

Columbia Group has launched a mobile and web-based app designed to teach the International Regulations for Preventing Collisions at Sea (COLREGs).The COLREGs Challenge is an educational tool which uses gameplay to turn

Ground Resonance Led to Helicopter Accident on Bulk Carrier

An Australian Transport Safety Bureau (ATSB) investigation report concludes that a shipboard helicopter accident was likely due to ground resonance and emphasises the importance of proper pilot coordination in responding to abnormal