The European Union on Tuesday presented a new Arctic strategy reflecting the region’s importance to security, with pledges to boost satellite surveillance, increase monitoring of undersea cables and help EU members buy icebreakers.The Arctic is of grow…
European Union Unveils New Arctic Security Strategy Read More »
Tankers available quickly are going for huge premiums
German VLCC sold for delivery next May gets big price cut Read More »
Fairbanks Morse Defense (FMD) broke ground on a third Center of Excellence (CoE3) at the Bird-Johnson Propeller Company facility in Pascagoula, Miss. The new center will effectively double capacity to produce complex and powerful naval propulsion…
Fairbanks Morse Defense Breaks Ground on New Center of Excellence Read More »
Finnish marine propulsion provider Steerprop has secured a contract with Karstensens Skibsværft to supply a complete ice-class propulsion package for a Multi-Role Environmental Vessel being built for the Royal Danish Navy.The vessel is one of…
Steerprop to Provide Ice-Class Propulsion for Danish Multi-Role Environmental Vessel Read More »
Aframax Afra Mare said to have gone for $59m to Chinese interests
Fearnleys crude tanker finds buyer at firm price, brokers say Read More »