Nakilat Ready to Order 25 Korean-Built LNG Vessels

Nakilat has launched the first financing package with the Export-Import Bank of Korea (KEXIM) for 25 conventional Korean-built LNG vessels that will be fully owned and operated by Nakilat.The partnership represents a

Russia's Only Aircraft Carrier to Be Scrapped or Sold

Russia's only aircraft carrier, the 40-year-old Admiral Kuznetsov, is likely to be sold or scrapped, the chairman of Russia's state shipbuilding corporation told the Kommersant newspaper in comments published on Friday.Andrei Kostin's

Photon Marine, Silverback Marine Launch Funded Electric Workboats

Photon Marine, a developer of high-performance electric outboard propulsion systems, and Silverback Marine, a builder of commercial aluminum vessels, announced that eight electric workboat configurations have been approved for funding through…

Ballard Announces 6.4 MW Fuel Cell Order to Power Samskip Vessels

Ballard Power Systems announced the signing of a new purchase order for the supply of 6.4 MW of fuel cell engines to eCap Marine GmbH, a expert in emission free power, for

Ocean Group Changes Shareholding Structure to Accelerate Growth

Ocean Group, a leader in the maritime industry in Quebec, announced a change in its shareholding structure, marking a milestone in its development. The transition is being carried out with the continued

ABS Wavesight Platform Selected For Digitalized FuelEU, EU ETS Compliance

ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions

Lockheed Martin Q2 Profit Plunges After $1.6b Pretax Loss

Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S.

IMF Warns Tariffs Won't Solve Global Account Imbalances

Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the International Monetary Fund said on Tuesday, warning that tariffs were not

New BIMCO Clause Addresses USTR Actions

The Documentary Committee of BIMCO adopted a standard clause aimed at addressing contractual uncertainties that may arise from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships