Hu Wenming, the ex-chair of the China Shipbuilding Industry Co (abbreviated CSIC), has been given a 13-year prison sentence along with a $700,000 fine after authorities found him guilty of several graft charges for a 20-year phase.
Hu Wenming was the most powerful man in the Chinese shipbuilding industry. He reportedly started out from the Aviation Industry Corporation of China (abbreviated the AVIC) and was appointed as the chair of CSSC back in 2012 and chair of CSIC in...
A US Navy ship deployed in the Red Sea successfully intercepted both a drone and an anti-ship ballistic missile on Thursday night. The targets were launched into the Southern Red Sea by Houthi rebels, an Iranian-backed force.
The United States Central Command (CENTCOM) verified the incident, emphasising that the USS Mason neutralised the threats. Fortunately, no damage or casualties were reported despite eighteen ships, mostly cargo vessels, in the area.
This is the 22nd...
Joe Biden was hoping to present a firm international response to the Houthi attacks on the Red Sea shipping by introducing a new maritime force. A week following its launch, several allies do not want to remain associated with it. Two of the European allies of America who had been listed as the contributors to Operation Prosperity Guardian — Spain and Italy — issued statements seeming to distance themselves from the maritime force.
The Pentagon states that the force is a defensive coalition of...
COSCO Shipping Development acquired the 700TEU electric container ships N997 and N998, which were built on December 28 by COSCO Shipping Heavy Industry Co., Ltd. For River-Sea Direct Service, “Zhongyuan Haiyun Lvshui 01” and “Zhongyuan Haiyun Lvshui 02” are the first electric container vessels in the world.
Per reports, COSCO Shipping Heavy Industry independently researched, designed, and manufactured this kind of ship, maintaining its own intellectual property rights. In addition, it’s the...
The Indian Navy has increased its presence in the Arabian Sea in reaction to increased threats to cargo ships from Iranian proxies. INS Kochi, INS Kolkata, INS Chennai, INS Mormugao, and INS Visakhapatnam are the five advanced guided missile destroyers the Navy is deploying to safeguard sea lanes from Bab el-Mandeb to the Indian coast.
With INS Kolkata at the entrance of the Red Sea, INS Kochi south of Yemen’s Socotra Island, INS Mormugao in the west Arabian Sea, INS Chennai in the central...
Crude oil saw a price surge this Tuesday, mainly driven by concerns about ship safety in the Red Sea. According to Bloomberg, the crude oil increase was the largest in over a week. The cargo ship, “MSC United,” travelling from Saudi Arabia to Pakistan, was the target of the attack.
Notably, this incident happened despite the United States and the United Kingdom’s increased military presence in the area, which was announced the week prior as part of Operation Prosperity Guardian. Nevertheless,...
According to sources, Pyotr Veliky, the fearsome battlecruiser of the Kirov Class fueled by nuclear power, would not receive the planned refit. The monster warship will instead be decommissioned, leaving the Russian fleet with just one Kirov Class ship in service. The action represents a major reduction in Russia’s surface fleet that travels the oceans; Admiral Nakhimov, the last battleship, is expected to be fully renovated by 2024–2025.
The Kirov Class ships are the biggest surface combatants...
Leading Danish shipping corporation Maersk has signalled a change in the global maritime landscape by announcing plans to reopen shipping routes through the Red Sea and the Suez Canal. The move comes after big maritime firms, such as Maersk and Hapag-Lloyd, stopped using Red Sea routes because of security worries brought on by Houthi insurgent attacks in Yemen. Following Maersk’s announcement, the share price of the shipping company fell by 5%. Hapag-Lloyd, Frontline, and Hoegh Autoliners saw...
In a benchmark assignment that highlights a major milestone for the maritime industry as well as sustainable transportation, Zinus is very proud to declare that it has won a deal to supply Autonomous Charging Solution to the world’s first-ever lightweight, zero-emissions Ro-Pax ferry. The groundbreaking vessel is all set to transform maritime operations, extending a glimpse into a more sustainable and greener future for the whole industry.
A LEAP FORWARD
Such an ambitious...
A merchant navy sailor hailing from Dehradun, Ankit Saklani, has gone missing for 10 days while travelling from Russia to Turkey. Ankit killed himself by leaping into the sea and claimed the ship’s workers, which his family received on December 18.
However, they suspect he was “kidnapped or murdered.” His spouse, Pinky, informed ANI that her husband began working on December 1 for Elvis Ship Management, a Mumbai-based company, and has not been seen since December 18. Ten days after joining, she...