Yangzijiang to expand capacity with new $413m clean-energy shipyard facility
Base will have shipbuilding capacity of 800,000 dwt per year
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July 2024
Hydrogenious LOHC Receives Multi-Million Euro Grant
The German government has granted Hydrogenious LOHC Infra Bavaria 72,5 million Euro towards the Green Hydrogen @ Blue Danube project. The federal government is providing 70% of the funding, while the state of Bavaria is contributing 30%.The…
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Spiraling Container Shipping Market Set to Peak
The dramatic spike in the ocean freight container shipping market is reaching its peak as importers push back against spiraling spot rates.Data released by Xeneta today, Monday, shows average spot rates from the Far East to US East Coast increased by 3…
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Windward Launches Generative AI Solution
Maritime AI company Windward has joined the Amazon Web Services (AWS) ISV Accelerate Program and has collaborated with AWS to launch a generative AI solution. The solution leverages Amazon Bedrock to improve risk management for the shipping…
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Oil Tanker Capsized Off Oman
A Comorian-flagged oil tanker was capsized 25 nautical miles southeast of Oman’s Ras Madrakah in Duqm port town, Omani state news agency ONA reported on Monday, citing Oman’s Maritime Security Centre.(Reuters – Reporting by Jaidaa Taha and Muhammad Al …
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