Author: Rigs & Barge World
A spokesperson for China’s Foreign Ministry responded to a question from Reuters calling the proposed fees on Chinese-built ships “wrongdoings.” It comes as the war of words continues, and the trade war heats up after Donald Trump began imposing new tariffs. The White House is yet to officially comment on its response to the U.S. Trade Representative’s finding that China unfairly subsidized and supported its shipbuilding industry. The report issued in January recommended actions after finding China was dominating shipbuilding through the state-owned industry and a broad system of support. Reuters asked for comments from the Foreign Office after…
British police have arrested a man in connection with Monday’s collision of two ships off England’s northeast coast, the authorities said on Tuesday.Humberside Police said in a statement they have arrested a 59-year-old man on suspicion of gross…
A senior executive of Nigeria’s national oil company NNPC told reporters on Tuesday that Nigeria would be able meet OPEC production targets. Udobong Nitia is the executive vice president for upstream at NNPC. He said that after years of not meeting OPEC quotas Nigeria finally met them in January.
Saudi Arabia and Russia, the top crude oil exporters in Asia, are boosting their cargoes for the region that is world’s largest importer. China, which is the largest oil importer in the world, has emerged as the ground zero of the two exporters…
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Alliance Pharma, a British healthcare group, has accepted DBAY Advisors’ final cash…
North Korea has unveiled what it claims to be its first nuclear-powered submarine, raising questions about whether it received technical assistance from Russia in exchange for the vast quantities of ammunition that Pyongyang has shipped off to the front in Ukraine. State media outlet KCNA released photos of what it claims to be a “nuclear powered strategic guided missile submarine,” or SSBN. A South Korean weapons expert, Moon Keun-Sik, told AP that it appears to be twice as large as previous North Korean subs and may have capacity for up to 10 missiles. This is enough to be “absolutely…
The governments of South Korea and Japan plan to use maritime trade as a bargaining chip to avoid the unfortunate fates of Canada and Mexico, the first two U.S. allies hit by the White House’s tariff proposals. Both Japan and South Korea have shown interest in a big-ticket LNG export project from the state of Alaska, and Korea is also pitching its shipbuilding capabilities as a way to build up American maritime power. South Korea’s trade and industry minister, Ahn Duk-Geun, met last week with U.S. Commerce Secretary Howard Lutnick to talk about cooperation on shipbuilding and tech industry…
The governments of South Korea and Japan plan to use maritime trade as a bargaining chip to avoid the unfortunate fates of Canada and Mexico, the first two U.S. allies hit by the White House’s tariff proposals. Both Japan and South Korea have shown interest in a big-ticket LNG export project from the state of Alaska, and Korea is also pitching its shipbuilding capabilities as a way to build up American maritime power. South Korea’s trade and industry minister, Ahn Duk-Geun, met last week with U.S. Commerce Secretary Howard Lutnick to talk about cooperation on shipbuilding and tech industry…
The International Oil Pollution Compensation Funds (IOPC Funds) has offered its view on the collision between the Solong and Stena Immaculate off the north-east coast of the UK on March 10, saying:“Whilst the United Kingdom is a 1992 Fund Member State and the Stena Immaculate appears to be a ship…
Britain’s top ports operator has announced plans to install the largest floating solar project in the country at the Port of Barrow, north of Liverpool on England’s eastern coastline. The port has submitted planning documents for the “Barrow EnergyDock,” which will be located in the Cavendish Dock, a former harbor basin and shipbuilding area that is now an enclosed reservoir. The floating station will generate up to a peak of 40 MW worth of power for customers in the advanced manufacturing sector (BAe Systems’ submarine manufacturing plant). It would also benefit the port by providing lower-cost electricity, according to…