Samsung Heavy Industries Co. Ltd., Koje Shipyard

The German government is considering support for Meyer Werft, one of the world's biggest cruise ship builders, an economy ministry spokesperson said on Wednesday, as the cash-strapped company mapped out hundreds of planned job cuts to stem costs.The government is considering federal assistance for Meyer Werft together with the state of Lower Saxony, home of the shipyard in Papenburg where the over 200-year-old company is based.Meyer Werft needs to raise around 2.7 billion euros ($2.91 billion) in the coming years, according to restructuring chief Ralf Schmitz. This sum is made up of 2.

Banksy's Migrant Rescue Ship Detained in Italy

23 hours ago

A rescue ship funded by British street artist Banksy has been grounded at port for 20 days for ignoring migrant disembarkation orders from Italian authorities, the charity running the vessel said on Wednesday.The Louise Michel ship had been told to take 37 people rescued at sea to Pozzallo in Sicily, but instead took them to the island of Lampedusa, saying the sea was too rough to reach its prescribed destination."Our rescue ship MV Louise Michel has been detained for 20 days in the port of Lampedusa," the Louise Michel charity wrote on X. "We were informed that the ship is now detained for not following the order to disembark in Sicily," it added.

Houthi Explosive Drone Boat Attacks Escalate Red Sea Danger

yesterday

Yemen's Houthis are sending drone boats packed with explosives into the Red Sea as they intensify their attacks on merchant ships that have little defense against the "sophisticated shift" in tactic, maritime security sources say.Iran-aligned Houthi militants first launched aerial drone and missile strikes on the trade route in November in what they say is solidarity with Palestinians in Gaza. In over 70 attacks, they have sunk two vessels, seized another and killed at least three seafarers.In recent weeks, at least three ships have been attacked by unmanned surface vehicles (USVs) and in one incident it contributed to the sinking of the Tutor cargo ship.

Abandoned Tanker Lavant Has Likely Sunk off Yemen

yesterday

An abandoned tanker that was drifting off Yemen's coast in June has disappeared and is believed to have sunk, three navy and security sources said, the latest vessel lost in the strategically important Red Sea.The area, on the main shipping route from Europe to Asia, is considered high risk as Yemen's Iran-aligned Houthi militants have launched more than 70 attacks on merchant vessels since October in what they say is solidarity with Palestinians in Gaza.Maritime security sources said last week the abandoned tanker, the Lavant, was unlikely however to have been targeted by the Houthis. According to two sources, it had reported an engine failure and was taking on water.

Maersk Forms Dedicated Offshore Wind Installation Business

2 days ago

Denmark-based A.P. Moller - Maersk has launched a dedicated division to provide installation services to the growing offshore wind industry.Maersk Offshore Wind has been formed as a spin off from Maersk Supply Service (MSS), which was acquired by Norwegian offshore supply vessel company DOF Group in a $1.11 billion in a cash and stock deal.The newly formed company is owned by A.P. Moller Holding and currently has approximately 40 employees. It will market the Wind Installation Vessel (Maersk WIV) concept, developed by MSS.