Maritime

VICTORIA — The Ksi Lisims LNG project on Canada’s West Coast has reached a key milestone with the signing of benefit agreements between its lead developer and three First Nations in northern British Columbia, marking a significant step forward for one of the country’s major liquefied natural gas developments.  Houston-based Western LNG confirmed agreements with the Metlakatla First Nation, Lax Kw’alaams Band, and Gitxaala Nation. In parallel, both the Metlakatla First Nation...

Three Indian seafarers have been confirmed dead following a US military strike on the oil products tanker Settebello in the Gulf of Oman on June 9, according to India’s Minister of Ports, Shipping and Waterways, Sarbananda Sonowal.  The attack has drawn strong reactions from governments and maritime organizations worldwide,...

The Port of Long Beach has entered into a strategic partnership with The Wonderful Co. and Lincoln Transportation Services to develop a 150-mile “Green Truck Corridor” designed to transform freight movement between Southern California’s coast and its inland logistics hubs.  The agreement, formalized through a memorandum of understanding, sets out a framework to coordinate cargo...

The Ksi Lisims LNG project planned for the northern coast of British Columbia has attracted renewed international interest, with German utility Uniper becoming...

The security situation in the Red Sea has taken a further escalation after Yemen’s Houthi movement announced it would target Israeli shipping, while also joining coordinated strikes alongside Iran against Israel amid a renewed exchange of missile fire between the two countries.  According to the group’s military spokesperson Yahya Saree, the Yemeni Armed Forces have launched missiles targeting Israeli interests, confirming their active participation in the latest phase of regional escalation.  In parallel, the Houthis declared what they described as...

Jiangnan Shipyard has introduced a new Molten Salt Reactor (MSR)-based container shipping concept that places fourth-generation nuclear energy at the...

Dutch offshore solutions provider SBM Offshore has signed an agreement with Nippon Yusen Kabushiki Kaisha (NYK) to sell a 45% ownership interest in the special purpose companies responsible for the lease and operation of the FSO Chalchi.  Following completion of the transaction,...

Greek shipowner Aegean Shipping Management has taken a significant step in its growth strategy by entering the Very Large Crude Carrier (VLCC) market for the first time, placing an order for four new tankers at China’s Hengli Heavy Industries.  The order, announced during Posidonia in Athens, includes two LR2/Aframax tankers...

In a landmark strategic shift, Global Ship Lease has entered the newbuilding market for the first time in its history, committing approximately $917 million to the construction of 10 new containerships as it prepares to modernise its fleet for the next generation of container shipping trades.  The Athens-based company announced that it has signed individual contracts for...

A major step has been taken in the exploration of nuclear propulsion for commercial vessels, as American Bureau of Shipping (ABS) has granted approval in principle (AIP) for a next-generation reactor design intended for integration into cargo ship propulsion systems.  The concept has been developed through a...