US adds shipping major COSCO to list of companies working with China’s military

The US government has labeled shipping company COSCO, technology giant Tencent and battery manufacturing company CATL as ‘Chinese miliary company’, escalating further tension between the two countries. In a notice on Jan 7, Department of Defense blacklisted the companies under in accordance with the William M. (Mac) Thornberry National Defense Authorization Act. According to Section …

US adds shipping major COSCO to list of companies working with China’s military Read More »

Thriving in the Digital Age: How Data, Automation and AI are Enhancing OSV Operations

Inmarsat seminar Thriving in the Digital Age: A Blueprint for Success highlighted the rapid transformation of an increasingly connected, digitalised, and automated offshore industry while emphasising the importance of a motivated and well-trained workforce. Against a backdrop of persistent crewing issues, an ever-evolving regulatory framework, and fast-developing technology, the offshore industry is undergoing rapid transformation. …

Thriving in the Digital Age: How Data, Automation and AI are Enhancing OSV Operations Read More »

Evolving trade routes dampen demand for ultra large containers

According to industry data, the demand for Ultra Large Container Vessels (ULCVs) has decreased as shipping companies shift to smaller, more versatile vessels to accommodate changing trade patterns. The data from Braemar1 shows that just six container vessels capable of holding over 17,000 TEUs are scheduled for 2025, while 83 mid-sized ships with capacities of …

Evolving trade routes dampen demand for ultra large containers Read More »

Scroll to Top