The Office of the United States Trade Representative (“USTR”) issued a detailed notice on April 17, 2025, regarding actions and proposed actions in response to China's alleged targeting of the maritime, logistics, and shipbuilding sectors for dominance…
The Arab Shipbuilding and Repair Yard Company (ASRY), a maritime repair and fabrication facility in the Arabian Gulf, organized an interactive workshop with the participation of several classification societies specializing in setting technical and engineering standards for shipbuilding…
The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ)…
Eastern Shipbuilding Group (ESG) reached an exciting milestone today, initiating steel cutting for the first of four advanced escort tugs for Saltchuk Marine at its Allanton Facility. Attending the ceremony were key members of Saltchuk's leadership team…
Hapag-Lloyd has ordered 24 new container ships from two Chinese shipyards with a combined investment volume of about $4 billion, it said on Wednesday.Twelve ships, each with a capacity of 16,800 TEUs (twenty-foot equivalent units), will be built by Yangzijiang Shipbuilding Group…
Finnish shipbuilding company Meyer Turku Oy (known as the Turku shipyard) announced that the supply orders of the shipyard got almost doubled in two years.'The value of supply orders to the shipyard has grown very strongly. It has almost doubled in two years (+ 84 %)…
South Korean shipbuilder Hyundai Heavy Industries (HHI) Group, which includes the world's largest shipyard, aims for a revenue of USD 15.9 billion in 2020.Yonhap News Agency said the combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries Co…
National Bank (NBG) has signed deals to sell a 262 million euro ($288.78 million) portfolio of shipping loans to investment funds as part of its effort to reduce its load of soured credit, Greece's second-largest lender said on Wednesday.The…