Ship Recycling Activity Drops

The global ship recycling sector witnessed some interesting activity last week as local steel plate prices continued to climb in India, fall in China and flatline in Bangladesh and Pakistan, reports cash buyer GMS.Recycling activity has been picking up in sub-continent markets over the last few weeks as the number of deliveries greatly improved of late, but this week has seen the various waterfronts take a beating with no fresh arrivals in Bangladesh…
G7 Says China's Drills Around Taiwan are Destabilizing

Foreign ministers from the G7 nations called China's recent military drills around Taiwan provocative and destabilizing while urging dialogue for "peaceful resolution of issues.""These increasingly frequent and destabilizing activities are raising cross-Strait tensions and put at risk global security and prosperity," the top diplomats from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America said in a joint statement on Sunday."G7 members continue to encoura
Well-to-Wake: Scrubbers Beat HFO on Environmental Performance

Researchers from MIT and Georgia Tech have concluded that burning heavy fuel oil with scrubbers in the open ocean can match or surpass using low-sulfur fuels when a wide variety of environmental factors is considered.The scientists combined data on the production and operation of scrubbers and fuels with emissions measurements taken onboard a bulk carrier owned by Oldendorff Carriers. Gaseous and particulate matter (PM) emissions data were collected while the bulk carrier was burning 3%S HFO…
CMA CGM to Use AI to Boost Productivity

Shipping giant CMA CGM and tech startup Mistral AI expect rapid productivity gains from a 100 million euro ($110 million) partnership unveiled on Sunday, which the French firms also touted as a commitment to their home country amid the global trade tensions.The five-year partnership, which will bring CMA CGM's AI-related spending to 500 million euros ($550 million), will focus on customer service in…
Panama Canal to Seek Bids for Pipeline Development

The Panama Canal Board of Directors has authorized the opening of a bidding process for the development of a new pipeline for the transfer of energy products which will complement operations in the interoceanic waterway.The pipeline will be incorporated into the development of the Panama Canal's West Bank route, which includes activities and alternatives to transporting products by sea.It will strengthen…
Steel Cut for USACE Eco Dredger

Eastern Shipbuilding Group (ESG) has officially begun construction on the U.S. Army Corps of Engineers' (USACE) new medium class hopper dredger with a ceremonial steel-cutting event.The vessel is being built at ESG's Allanton and Port St. Joe facilities and is scheduled for delivery in 2027.ESG is collaborating with Royal IHC on the design.USACE's new hopper dredger will be able to load up to 15% more efficiently…
Dry Bulk to Suffer Under China Tariffs

On Friday, China announced a tariff increase of 34% on all US imports, in retaliation to the new tariffs announced by US President Donald Trump. These are in addition to tariffs implemented in February and March, focusing on goods such as grains, coal, LNG and crude oil.In 2024, China was the third largest importer of US exports (measured by value), accounting for 7% of US exports. Chemicals, computer and electronic products…
US Offshore Wind Projects Slow

Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump's administration.Offshore wind was a key pillar of former President Joe Biden's promise that fighting climate change will create jobs and invigorate the economy. In 2023 and 2024, however, several offshore wind companies took billions in write-offs…