Farstad Shipping Ltd

Taiwanese shipping line Evergreen has confirmed its plans to build a total of ten 23,000 TEU containerships.According to a stock exchange filing, the new vessels would be built at three shipyards  in South Korea and China.According to the reports from the South China Morning Post, the enormous order will cost Evergreen anywhere between US$1.4 billion and US$1.6 billion. It is estimated that each vessel will cost between $140 million and $160 million.The new vessels could see Evergreen become the sixth biggest carrier line in the world, overtaking major Japanese alliance Ocean Network Express (ONE).

Russia's first-floating nuclear power plant has arrived to its permanent base near an isolated Russian town across the Bering Strait from Alaska, Russian state nuclear energy company Rosatom said on Saturday.Developed by Rosatom, the plant, known as "Akademik Lomonosov", set off on a 5,000 km (3,100 mile) journey on Aug. 23 through Arctic waters to reach the Chukotka region. Rosatom said it aims to make the floating station operational by the year-end. It would become the world's northernmost nuclear power station.The plant will replace a coal-fired power plant and an aging nuclear power plant supplying more than 50,000 people with electricity in Chukotka.

General Dynamics (NYSE: GD) appointed General Dynamics NASSCO president Kevin Graney as president of General Dynamics Electric Boat, effective October 1. David J. Carver, NASSCO’s vice president and general manager of repair, will succeed Graney as president of General Dynamics NASSCO.  Jeffrey S. Geiger, who has served as president of Electric Boat since 2013, will retire effective September 30.Graney began his shipbuilding career with General Dynamics Electric Boat in 1995 as a senior engineer for the Virginia-class submarine program and worked in various leadership roles at General Dynamics before becoming president of NASSCO in 2017.

Artificial intelligence (AI) and machine learning (ML): mention these two terms and the listener may instantly think of the ads displayed as you view your favorite online news site. This is one version of what AI/ML might be. Given the state of AI and ML research today, these advanced mathematical techniques represent something the U.S. Coast Guard should explore for mission application. To do this, common definitions need to be created, challenges understood, and practical use cases examined.It has been proven in applications within private industry and medicine that AI/ML techniques can be beneficial in predictive analytics.

A new report commissioned by Maritime UK and the UK’s Center for Economics and Business Research (CEBR) has recognized the contribution of the UK maritime sector to the country’s economy. The report notes that the sector facilitates 95 percent of all UK trade and that it is larger than both the automotive and aerospace transportation sectors, contributing a total of £46.1 billion ($56.8 billion) to the UK’s GVA in 2017, an £8.3 billion increase over 2010. The sector’s direct GVA contribution in 2017 was £17 billion ($21 billion), a 25 percent increase on 2010 (£13.6 billion or $16.8 billion).