Industry News

Goldman Sees Limited Upside for Oil Prices Despite Rising Geopolitical Risk

Analysts at Goldman Sachs dismissed recent events between Iran and Israel as a bullish factor for oil prices, citing potential hedging by oil producers. According to FXStreet, the bank said, “Our commodity strategists do not expect significant further increases in oil prices,” adding, “Hedge funds continue to short U.S. energy stocks for the third week

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The Geopolitical Gambit: Potential Closure of the Strait of Hormuz and Global Supply Chains

Industry News / admin

Tensions in the Middle East escalated this weekend as Iran carried out a response attack on Israel. While it feels difficult to do so during times like these, our job as investors is to evaluate what impact the conflict might have on the global economy. Also, the financial markets and then decide if we need

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New Contract Boosts Merlin Helicopter Fleet Availability for Royal Navy

Industry News, Merchant Navy Info / admin

With a new £300m contract given to Safran Helicopter Engines UK, the Royal Navy’s fleet of Merlin helicopters is all set to see increased availability and operational efficiency. Thus, ensuring a sustained capability for maritime roles. Set to span six years and extend to 2030. Included in this partnership is to deliver nonstop support for

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RTX’s SM-6 Destroys Ballistic Missile Threat In Test at Sea

Industry News, Merchant Navy Info / admin

Raytheon’s RTX SM-6 missile, operating under the RTX banner, showcased its capabilities by intercepting a medium-range ballistic missile target in a test conducted at sea. The article includes detailed information on the makers and suppliers and their products. In addition, contact details to inform your purchasing decision. RTX doing well The successful test, designated as

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Norway Unveils New Defence Plan, Commits to Frigate Program

Industry News, Merchant Navy Info / admin

Norway embarks on new frigate program. Today, the Norwegian government announced its new long-term defense plan from 2025 to 2036. Under the name The Norwegian Defence Pledge, the plan envisions significant growth. It will see the country reach NATO’s target of 2 % of GDP for defence this year . In addition pass 3 %

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SPY-7 Radar on Japanese Ship Tracks Objects in Space

Industry News / admin

Lockheed Martin has successfully demonstrated the first AN/SPY-7(V)1 live-track radar for the Aegis System-Equipped Vessel (ASEV). Marking a key milestone in the program. During the first tracking event, the SPY-7 radar’s tactical hardware and software tracked an object in space. Confirming the maturity of the radar system and marking the beginning of comprehensive performance testing.

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Green Methanol Offshore Production Platform gets RINA’s Stamp of Approval

Industry News / admin

Italian classification society RINA has granted approval in principle (AiP) to Chinese company. Kindon New Energy Technology (Jiangsu) for its offshore green methanol production platform solution. Provided by: RINA As previously mentioned, this solution produces methanol entirely offshore from renewable. CO2 through direct air capture technology (DAC) and also green hydrogen. Through water electrolysis technology

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Danish Frigate Cuts Red Sea Mission Short After Technical Issues

Blogs, Industry News, Merchant Navy Info / admin

The Danish frigate, HDMS Iver Huitfeldt, has faced a significant setback in its contribution to Operation Prosperity Guardian in the Red Sea. Technical issues with the air defenses have forced the mission to be cut short by approximately two weeks. These issues arose during an engagement with a group of 15 Houthi drones on March

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HD HHI Delivers Third KSS-III Submarine to the ROK Navy

Industry News, Merchant Navy Info / admin

HD Hyundai Heavy Industries requested the Korean Ministry of National Defense (MND). Also, Defense Acquisition Program Administration (DAPA), and Government officials from nine countries to share the superiority of its submarines and other K-warships. Including Aegis destroyers and frigates. HD Hyundai Heavy Industries conveyed today that it hosted a delivery signing ceremony of the third

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Goldman Sees Limited Upside for Oil Prices Despite Rising Geopolitical Risk

The Geopolitical Gambit: Potential Closure of the Strait of Hormuz and Global Supply Chains

New Contract Boosts Merlin Helicopter Fleet Availability for Royal Navy

RTX’s SM-6 Destroys Ballistic Missile Threat In Test at Sea

Norway Unveils New Defence Plan, Commits to Frigate Program

SPY-7 Radar on Japanese Ship Tracks Objects in Space

Green Methanol Offshore Production Platform gets RINA’s Stamp of Approval

Danish Frigate Cuts Red Sea Mission Short After Technical Issues

HD HHI Delivers Third KSS-III Submarine to the ROK Navy

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