China CSSC Holdings (600150) plans to raise up to four billion yuan from a private placement of 60 million shares at not less than $0.6b per share, reports Shanghai Securities News, citing a company filing. The target shares will be offered to up to 10 investors, including China State Shipbuilding Corporation (CSSC), CSSC Holdings’ parent, Baosteel Group and China Shipping Group.
A Portuguese-flagged container ship, the MSC Aries, was seized by Iran on April 13 for "violating maritime laws", Iran's…
The FBI said on Monday it opened a criminal probe into the collapse of a Baltimore bridge in March when a ship crashed into a bridge support…
New York-based Kalypso Offshore Energy on Monday announced it is teaming up with Dutch marine technology group and shipbuilder…
The United States' first Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, was launched into…
Abnormal liner wear and seized or broken piston rings can result in costly consequences.
AST has developed and grown, increasingly providing full-service network solutions, far beyond traditional satellite services.
As the maritime industry transitions to the updated SIRE 2.0 inspection regime from the familiar SIRE VIQ7 framework, operators are bracing themselves for a period of adjustment.
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