Ports operator launches arbitration proceedings against Maersk over Panama terminal dispute
Panama Ports Co alleges contract breach tied to government-backed takeover
Trump and Iran strike ‘fragile’ and ‘fluid’ ceasefire deal that opens Strait of Hormuz
Tehran confirmation sets stage for fragile truce and tanker market rebound
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HII Teams with GrayMatter Robotics to Integrate AI into Shipbuilding
HII and GrayMatter Robotics (GMR) have signed a memorandum of understanding to explore the integration of GMR’s Physical AI into shipbuilding operations that could accelerate throughput.This will include bringing autonomous surface preparation…
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Mesabi Metallics Secures Funding for New Steel Plant
Mesabi Metallics, backed by Essar Group, has secured $150 million of financing from Macquarie Group, supporting the Q3 2026 startup of its world-scale Direct Reduction (DR) grade iron ore mine and pellet plant in Nashwauk, Minnesota.The financing…
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NYK Uses Recycled Material for Car Lashing Belts
Nippon Yusen Kabushiki Kaisha (NYK), NYK Trading Corporation, and Rexxam have jointly introduced “eco CLASPER”, a newly developed car lashing belt made from 99.5% recycled polyester fiber.On March 26, the three companies completed the installation…
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