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​​ NAG Marine, a Norfolk, Virginia-based defense contractor, has been awarded a $28.6 million firm-fixed-price, indefinite-delivery/indefinite-quantity (IDIQ) contract by the U.S. Navy. The contract encompasses the development and supply of human-machine interfaces (HMIs) for various military vessels, including those operated by the Navy, Military Sealift Command, Army, Coast Guard, and allied foreign navies. ​ These […]

Techano Oceanlift, a subsidiary of Oslo-listed Nekkar ASA, has been awarded a contract by Hercules Supply AS to deliver an offshore crane for a new multi-purpose supply vessel (MPSV) currently under construction at the Fujian Mawei Shipyard in China. ​ The scope of work includes engineering, manufacturing, and commissioning of the crane, which is scheduled

The United States has adjusted its proposed port fee structure targeting Chinese-built and Chinese-owned vessels, scaling back from its initial plan following industry feedback. Despite these revisions, China’s state-owned shipping giant, COSCO, has voiced strong objections, labeling the measures as discriminatory and a threat to global trade stability.​ Revised Fee Structure Initially, the U.S. Trade

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, has announced the acquisition of the North Queensland Export Terminal (NQXT) in Australia for approximately $2.54 billion. The transaction involves issuing 143.8 million equity shares to Carmichael Rail and Port Singapore Holdings Pte Ltd, bringing the terminal back under APSEZ’s control after

​ A Chinese-flagged dredging vessel, the MV Hong Hai 16, capsized on April 15, 2025, off the coast of Occidental Mindoro in the western Philippines. The incident resulted in the deaths of four crew members, including one Chinese national, and left seven others missing. The vessel was carrying 25 crew members—13 Filipinos and 12 Chinese

North Korea has significantly bolstered Russia’s military capabilities in its war against Ukraine by shipping approximately 16,000 containers filled with munitions over the past 20 months. These shipments, tracked by the Open Source Centre, have included millions of artillery rounds, rocket launch systems, and long-range missiles, arriving via maritime routes and transported by rail to