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South Korea’s largest shipbuilding group, HD Korea Shipbuilding & Offshore Engineering is strengthening its competitive position through the acquisition of a controlling position in STX Heavy Industries, the world’s third-largest manufacturer of marine engines. The division of Hyundai emerged as the winner in a bidding...

[By Karl Ragas] On 13 July, Germany released its China strategy white paper. The 64-page document highlighted the European power’s acceptance of a “systemic rivalry” with the People’s Republic of China and outlined its recalibrated strategy to “de-risk” from its economic dependence on the latter while keeping cooperative...

Maran Tankers Management (MTM), an oil tanker shipping unit of the Greek Angelicoussis Shipping […] The post Fourth LNG dual-fuel VLCC joins Maran Tankers fleet appeared first on Offshore Energy. [ad_2] News source: http://feeds.feedburner.com/worldmaritimenews Go to original post...

[By: Port Houston] Three new neo-Panamax ship-to-shore (STS) cranes arrived at Port Houston's Bayport Container Terminal on Thursday following a 72-day voyage on the Zhen Hua 29, a specialized heavy-load carrier vessel. The ZPMC cranes, which were produced in Shanghai, traveled nearly 16,000 nautical miles to reach...