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In a significant curtailment of the trade war between the world’s two largest economies, the United States and China have agreed to considerably slash tariffs for the next 90 days. As part of the deal reached in Geneva over the weekend, US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115%, …
https://splash247.com/us-and-china-agree-to-slash-tariffs/
https://splash247.com/us-and-china-agree-to-slash-tariffs/Norway’s Olympic has secured a five-year firm contract with Aker BP for the construction service operation vessel (CSOV) Olympic Notos. The deal with options for another five years will see the 2024 Ulstein-built unit serve as a dedicated walk-to-work vessel at the unmanned production platform Munin in the Yggdrasil area from the fourth quarter of …
https://splash247.com/olympic-scores-long-term-csov-contract-with-aker-bp/
https://splash247.com/olympic-scores-long-term-csov-contract-with-aker-bp/Danish offshore wind vessel operator Esvagt has officially formed a joint venture with South Korean shipping company KMC Line. The jv named KESTO will target the growing South Korean offshore wind market, where current plans include as much as 18.3 GW offshore wind to be established by 2030. The two companies said the new business …
https://splash247.com/esvagt-and-kmc-line-firm-up-korean-offshore-wind-venture/
https://splash247.com/esvagt-and-kmc-line-firm-up-korean-offshore-wind-venture/Dutch owner JR Shipping has set out to return to the shortsea dry cargo sector with two diesel-electric newbuilds to be built at Chowgule Shipbuilding in India. The Harlingen-based group will be adding 8,500 dwt ships with delivery scheduled for the end of June 2027 and the end of February 2028. The newbuildings are part …
https://splash247.com/jr-shipping-poised-for-dry-bulk-return-with-newbuild-brace/
https://splash247.com/jr-shipping-poised-for-dry-bulk-return-with-newbuild-brace/Danish vessel owner ESVAGT and South Korean shipping firm KMC Line have signed an agreement to establish a new joint venture KESTO, dedicated to the growing South Korean offshore wind market.Through a joint venture partnership with KMC Line…
https://www.marinelink.com/news/esvagt-kmc-line-launch-offshore-wind-jv-525596
https://www.marinelink.com/news/esvagt-kmc-line-launch-offshore-wind-jv-525596Maritime defense and oceanographic survey company Saildrone has appointed Vice Admiral John Mustin as its President, who will focus on growing the defense business.In his role, Mustin will work alongside Richard Jenkins, Saildrone founder and…
https://www.marinelink.com/news/saildrone-names-former-vice-admiral-new-525604
https://www.marinelink.com/news/saildrone-names-former-vice-admiral-new-525604Techcross, a leader in ballast water management systems (BWMS), will make its first official appearance of the year at BARI-SHIP 2025, May 22-24, held in Imabari, Japan. At this event, Techcross will unveil the results of its ongoing R&D efforts…
https://www.marinelink.com/news/techcross-showcase-new-ballast-water-525605
https://www.marinelink.com/news/techcross-showcase-new-ballast-water-525605Bardex Corp. is pleased to announce that the Offshore Technology Conference has awarded Daniel Toerner a spot in its 2025 Emerging Leaders class. Each year, the OTC recognizes up-and-coming professionals whose work in the energy industry demonstrates…
https://www.marinelink.com/news/bardex-technical-sales-engineer-selected-525610
https://www.marinelink.com/news/bardex-technical-sales-engineer-selected-525610Ferguson Marine (Port Glasgow) Ltd has officially welcomed Graeme Thomson, who began his tenure as CEO at the beginning of May. Thomson, who started his career as an electrician by trade and got into shipbuilding as an apprentice, has extensive construction and shipbuilding experience.
https://www.marinelink.com/news/ferguson-marine-welcomes-new-ceo-525611
https://www.marinelink.com/news/ferguson-marine-welcomes-new-ceo-525611Fincantieri has shared its interim financial results for the first quarter of 2025, showcasing growth across all business segments and achieving its best ever quarter in terms of new orders.Key highlights from the report include:Below are the key highlights from the report:Revenues totalled €2…
https://www.marinelink.com/news/fincantieri-strong-growth-q-525612
https://www.marinelink.com/news/fincantieri-strong-growth-q-525612