RECENT NEWS
S&SYS sheds Samsung label, wins Hanwha Ocean LNG orders, challenges European dominance
On the 16th, at the S&SYS factory in the Noksan Industrial Complex in Gangseo District, Busan. In the third-floor inspection room, the “brains” to be mounted on 14 ships, including Samsung Heavy Industries’ liquefied natural gas (LNG) carriers, were undergoing...
Why Russian-Linked Vessels Are Loitering Above European Subsea Cables
At a Glance • Russian-flagged and Russian-linked vessels have been observed exhibiting behavior over European subsea cables with no commercial explanation, including zig-zagging, loitering, AIS gaps, and uneconomic routing directly above critical cable infrastructure....
Great Expectations: ESG due diligence for maritime financing
Precious Shipping Public Company Limited (PSL) required an Environmental and Social Due Diligence (ESDD) assessment to evaluate alignment with International Finance Corporation (IFC) Performance Standards. Existing policies and operational practices showed limited...
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