Game Theory at Sea: The Prisoner’s Dilemma in Global Shipping and Trade
In the realm of economics and international trade, decision-making under uncertainty often leads rational players to adopt strategies that, while individually rational, result in...
Korea & U.S. Agree to Launch Transpacific Green Shipping Corridor by 2027
A green shipping corridor across the Pacific Ocean linking the United States and South Korea is set to be established by 2027, the...
DEME Completes Acquisition of Havfram
Belgian marine engineering giant DEME has completed its acquisition of Norwegian offshore wind contractor Havfram in a deal valued at approximately 900 million euros,...
Smart Shipping: Maersk Upgrades IoT Connectivity Across Its Fleet
A.P. Moller - Maersk (Maersk) is taking a significant step in digital innovation with the deployment of its next-generation IoT connectivity platform, OneWireless,...
Hudson-Athens Lighthouse Suffers Extensive Damage in Hit-and-run
On the night of April 29, 2025, the Hudson-Athens Lighthouse, a 150-year-old beacon on the Hudson River in New York, was struck by a...
S. Korea’s Hanwha Ocean Targets US Navy Orders as Trump Seeks Shipbuilding Ties
Hanwha Ocean aims to boost its revenue from overseas military vessels to around 4 trillion won ($2.91 billion) by 2030 and hopes to...
COSCO SHIPPING Debuts Smart Cargo Hold Cleaner “Hold Cleaning Elf”
COSCO SHIPPING (Qingdao) has launched its independently developed "Hold Cleaning Elf" robot for bulk carriers, a major step in shipping automation.
The robot...
U.S.–Venezuela Oil Flows Hit by Chevron License Loss; Freight Market Mixed
The U.S. Treasury’s revocation of Chevron’s Venezuela license in March 2025 has caused a significant halt in Venezuelan crude exports to the U.S.
...
LNG Freight Gains in Atlantic as LPG Rates Soften on Weak Demand
LNG market firmed this week, led by sharp gains in the Atlantic basin, with 174k cbm rates on the Sabine–Tokyo route jumping $5,200...
IMO Enhances Safety for Ammonium Nitrate Transport with Revised IMDG Code
The International Maritime Organization (IMO) has adopted revisions to its maritime safety regulations, specifically within the International Maritime Dangerous Goods (IMDG) Code. These changes...
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APLICATIONS
ABS-Classed ECO EDISON Launched
The ABS-classed ECO Edison was engineered and constructed by Edison Chouest Offshore (ECO).
ECO will operate the 80-meter-long vessel, which is capable of...
