On Thursday, Australia said it would scrap the $ 40 billion deal with France's Naval Group to build a fleet of conventional submarines and would instead build at least eight nuclear-powered submarines with U.S. and British technology after striking a trilateral security partnership
Australia on Thursday said it would scrap the $40 billion deal with France's Naval Group to build a fleet of conventional submarines and would instead build at least eight nuclear-powered submarines with U.S. and British technology after striking a trilateral security partnership
He expects global trade volumes to grow 7%-8% this year compared with 2020. "We see very, very strong end-user demand combined with re-stocking and the fact that capacity in ports, warehouses and on ships is not fully utilized due to COVID-19"
Berlin - Disagreements over intellectual property rights mean Germany, France and Spain have yet to agree the next steps for a joint fighter jet project, the defence ministry in Berlin said on Saturday after a deadline to find a solution ran out
New York - North Korea maintained and developed its nuclear and ballistic missile programs throughout 2020 in violation of international sanctions, helping fund them with some $300 million stolen through cyber hacks, according to a confidential United Nations report seen by Reuters on Monday. The report by independent sanctions monitors said Pyongyang "produced fissile material, maintained nuclear facilities and upgraded its ballistic missile infrastructure"
U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest sign of efforts in the shipping industry to go green
Dubai - Israeli venture capital firm Jerusalem Venture Partners (JVP) is in talks with potential partners in the United Arab Emirates to set up an innovation hub there, its chairman said on Monday. JVP Chairman Erel Margalit has met with potential partners and looked at at least one possible site for a hub during a visit to the UAE this week
Brussels - ArcelorMittal, the world's largest steelmaker, committed on Wednesday to being carbon neutral by 2050, although it said a level playing field with green border adjustments and abundant, affordable clean energy would be required to get there. The company, which makes around 5% of the world's steel, said last year it aimed to reduce carbon dioxide emissions by 30% by 2030
Marseille - French liner major CMA CGM confirmed that it was currently dealing with a cyber-attack impacting peripheral servers. The attack does not include CEVA Logistics: “As soon as the security breach was detected, external access to applications was interrupted to prevent the malware from spreading
Dubai - A thaw in relations between Israel and the United Arab Emirates has raised expectations of an influx of funding in Silicon Wadi, Israel's answer to Silicon Valley: "The UAE has excess amounts of money, but not enough places to invest it in the Middle East" said Eldad Tamir, founder and CEO of the Tamir Fishman investment house, one of Israel's top investment funds
Bruxelles - European battery makers are gearing up to take advantage of massive "green" stimulus packages unveiled since the coronavirus pandemic though many acknowledge it will be tough to match the Asian giants that dominate the mainstream market. While Sweden's Northvolt, and more recently France's Verkor, are making a play for large-scale production
Hamburg - German engine builder MAN Energy Solutions has partnered up with Japanese shipbuilder Imabari Shipbuilding, ClassNK classification society, Mitsui E&S Machinery
Cologne - The German government is facilitating talks between major naval shipbuilders in an effort to set up a national conglomerate rivaling industry champions like Naval Group in France and Fincantieri in Italy, according to a local media report. Negotiations to that effect have been ongoing behind closed doors since the beginning of 2020
"We have difficulties shipping needed equipment to Vietnam and travel bans will make it difficult for foreign contractors to send their workers to the refinery," one of the sources said, adding the maintenance may be delayed until 2021
Narashino - The laboratory of Chiba Institute of Technology and NYK will jointly collect seawater from around the world to investigate the actual situation of microplastics that are likely to affect the ecosystem.
Finnish ship technology and power-plant maker Wartsila reported on Thursday lower-than-expected quarterly profit, burdened by slower demand
Fincantieri has been awarded a prestigious order, worth almost 100 million euros, for a number of high-profile equipment furniture and installations as part of the International Thermonuclear Experimental Reactor
Blockchain technology has made strong inroads into the shipping industry all over the world, and Cyprus is following suit.
Genoa - The Italian premier Giuseppe Conte visited the Ericsson research and development center in Genoa this morning.
By ASLA - Associazione degli Studi Legali Associati
Athens - Greece accused Turkey of undermining security in the eastern Mediterranean by drilling for oil and gas around Cyprus, making some of the strongest comments on the issue from Athens’ newly elected government.
Milan - Fimer, a company active in the market of inverters for renewable energy for «utility steps», has signed an agreement with ABB for the acquisition of the solar inverter business of the Swedish-Swedish multinational group
Genova - «From the economic point of view the cold ironing is a bloodbath: for shipowners, ports, terminal operators ». Believe it, if a say it is Davide Sciutto, responsible Technological systems of the Port System Authority Genova-Savona (Ports of Genoa)
Rome - Embassy of Finland in Italy and Wärtsilä Corporation hosted a “Smart Energy Future Seminar ” in Rome, Italy on June 18, 2019. The event focused on analysing how renewable energy is changing the existing electricity market in Italy
Developed by Transas, a Wärtsilä company, the new Navi-Planner makes use of the connected ECDIS.
The product was presented at a Future Dredger Day event held at the company’s Hybrid Centre in Trieste, Italy. The event was attended by some of the world’s leading dredger sector companies, who were given a real-life demonstration of the product.
Genoese freight forwarders warn of immature technology.
Salerno - Software specially designed for the shipping business paves the way for sector enhancement.
Salerno - A case study of the partnership between Nova Systems and the Gallozzi group. Software specially designed for the shipping business paves the way for sector enhancement.
Singapore - Defence Minister Wei Fenghe will deliver a speech on June 2 at the Shangri-La Dialogue, the first time since 2011 that a Chinese defence minister will be at the forum, having in recent years sent lower level officials.