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China To Build Nation’s Largest Electric-Powered Cable-Laying Vessel
China is set to build its largest self-propelled, pure electric-powered cable-laying vessel after a construction deal was signed between Nantong Xiangyu Shipbuilding & Offshore Engineering and Shanghai Yuanwei Construction Engineering Co, a unit of Zhongtian Technology Group (ZTT).
North Korea Fires First Missile from New Warship
North Korea earlier this week conducted the first test-firing of the weapons system of the new “Choe Hyon-class” warship it recently unveiled, state media KCNA reported on Wednesday.
OOCL Orders 14 Methanol-Fueled Container Vessels in Major Fleet Expansion
Orient Overseas (International) Limited (OOCL) has signed contracts for the construction of fourteen new containerships equipped with methanol dual-fuel engines, marking a significant step in the company’s fleet expansion.
Update: Death Toll From Blast At Iran’s Bandar Abbas Port Rises To 40
The death toll from a powerful explosion at Iran’s biggest port of Bandar Abbas has risen to at least 40, with more than 1,200 people injured, state media reported on Sunday, as firefighters worked to fully extinguish the fire.
CMA CGM To Acquire Turkish Borusan’s Logistics Subsidiary In $440 Mln Deal
April 27 (Reuters) – French shipping giant CMA CGM’s subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan’s BRYAT.IS logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to a filing by the Turkish company.
Mike Lynch’s Sunken Yacht To Be Pulled From Sicilian Waters In May
ROME, April 22 (Reuters) – The superyacht that sank off Sicily last year, killing British tech tycoon Mike Lynch and six others, will be lifted out of the water next month after its mast is dismantled, people close to the matter said on Tuesday.
