Russia and China conducted a joint bomber flight that entered Alaska’s Air Defense Identification Zone on Wednesday, marking the first time the two countries have flown near the United States.
The North American...
Across China, shipyards are expanding and churning out ships on a scale not seen since 2008. The shipyard sector has entered a new golden age after more than a decade’s slump following the global financial crisis. In terms of newbuilding capacity, the latest estimate from broker Arrow puts...
https://splash247.com/capacity-across-big-three-shipbuilding-nations-leaps-20-in-a-year/
Japanese shipping giant Nippon Yusen Kaisha (NYK) has found a novel way to earn carbon credits while also feeding locals with a much-loved delicacy. NYK is investing in Ireland’s Verdant Bloom, the parent company of Urchinomics Group, which aims to restore kelp forests to sequester CO2. These...
https://splash247.com/japans-nyk-finds-novel-way-to-gain-carbon-credits-and-feed-the-nation/
Nissen Kaiun has been tied to an order of very large ammonia carriers in China. Brokers reported Japanese shipping mammoth had contracted four 88,000 cu m newbuilds at Yangzi-Mitsui Shipbuilding (Yamic) a joint venture yard between China’s Yangzijiang Shipbuilding and Japan’s Mitsui E&S...
https://splash247.com/nissen-kaiun-signs-for-very-large-ammonia-carriers-in-china/
China’s People’s Liberation Army Navy Shandong Carrier Strike Group sailed back into the South China Sea on Thursday, ending a ten-day deployment to the Philippine Sea that began on July 9, Japan’s Joint Staff Office reported.
On Friday, the JSO issued a news release that reported on the Shandong CSG’s activities and location on Wednesday and Thursday. The JSO had earlier issued a release covering the CSG up to Monday, but Friday’s...
Japanese shipowner Mitsui OSK Lines (MOL) has invested in a startup company Carnot that develops technology for highly efficient engines using heat-resistant materials. Steel and aluminium engines require constant cooling to prevent them from overheating, which reduces performance and increases the...
https://splash247.com/mol-invests-in-next-gen-engine-technology-startup/
China’s People’s Liberation Army Navy and the Russian Navy wrapped up a joint exercise in the South China Sea and a separate joint naval patrol this week.
The two navies finished what the PLAN calls Joint Sea 2024, which is known as Maritime Interaction 2024 to the Russians. The drills began on Monday in the South China Sea,...
https://news.usni.org/2024/07/18/chinese-plan-and-russian-navy-finish-south-china-sea-exercise
Greek bulker owner and operator DryDel Shipping is expanding its fleet in a comeback to Japan’s Tsuneishi Shipbuilding with a new contract for another ultramax newbuild. “This addition to our fleet marks another significant investment in Japanese ultramax newbuild tonnage,” the company said. The...
https://splash247.com/drydel-swells-ultramax-orderbook-at-tsuneishi/
China’s People’s Liberation Army Navy Shandong Carrier Strike Group conducted 240 fighter aircraft launches and recoveries and 140 helicopter take-offs and landings over the course of a week operating in the Philippine Sea, according to a Tuesday news release from Japan’s Joint Staff Office (JSO).
The CSG is still deployed in the area. On Tuesday, the JSO issued a release covering the daily location and composition of the...
Greek tanker owner Performance Shipping has entered into a sale and leaseback agreement with an unaffiliated Japanese third party for a newbuild LR2 aframax tanker. As announced in March last year, the newbuilding LNG-ready, scrubber-fitted, Tier III LR2 vessel of approximately 114,000 dwt is...
https://splash247.com/performance-shipping-agrees-sale-and-leaseback-deal-for-lr2-newbuild/