As the world increasingly searches for a means to reduced carbon footprint, compact floating nuclear power plants are emerging as a serios contender. To this end, Samsung Heavy Industries (SHI) and Seaborg signed a partnership agreement to develop…

Taiwan has recovered two bodies after a ship carrying six South Koreans went missing in the Taiwan Strait, and search and rescue operations are underway, the Taiwanese and South Korean governments said on Friday.Taiwan authorities have said…

Offshore wind developer Ørsted and vessel owner Esvagt on Friday announced an investment in what they claim to be the world’s first service operation vessel (SOV) that can operate on green fuels. "The SOV will be powered by batteries and dual fuel engines…

SAAM Towage Canada announced it has acquired Standard Towing Ltd. and Davies Tugboat Ltd. Both companies provide harbor, shipdocking and towage services on the West Coast of Canada.“Through this acquisition we are adding three Canadian built tugboats to the fleet which are in excellent condition.