A wholly-owned subsidiary of Singapore’s offshore rig builder Sembcorp Marine has entered into a revolving facility agreement for up to $500 million with Standard Chartered Bank.
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Norway’s Kongsberg Maritime has signed its first contract for its ROV launch & recovery system (LARS) specifically designed to handle remotely operated vehicles (ROVs) from unmanned vessels.The contract has been signed with Ocean Infinity, who…
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Giant very large ore carrier Stellar Banner, owned by Polaris Shipping from Korea, has […]
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ABB has been selected by Vigor Fab LLC as the hybrid-electric propulsion and energy storage system provider for the newest additions to the Washington State Ferry fleet.
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The $1 trillion container shipping industry is in a slowdown. Literally.Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking longer routes around Africa, avoiding Suez canal …
Ocean Shipping Slows Down as Pandemic Pummels Retailers Read More »