SPP SHIPBUILDING CO.LTD

Danish offshore wind installation firm Cadeler has signed a firm contract with Ocean Winds for the transportation and installation of 26 Siemens Gamesa 14 MW offshore wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The signing of this firm contract follows the Vessel Reservation Agreement (VRA) signed in February 2025 between Cadeler and Ocean Winds.The installation is set to start in 2028 and to continue for approximately four months. Cadeler will deploy one of its O-class wind turbine installation vessels and will operate from the Port of Gdańsk in Poland.

Nippon Yusen Kabushiki Kaisha (NYK) has purchased carbon dioxide removal credits that will be enabled by 1PointFive’s Direct Air Capture (DAC) technology.This marks NYK’s second purchase of credits from 1PointFive intended to address NYK’s residual operational emissions.According to NYK, the international shipping industry emits roughly one billion tons of CO2 annually, and if about 10% remains as residual emissions after operational emission reductions, then the industry would need to remove 100 million tons via carbon dioxide removal each year to address those residual emissions.

U.S. President Donald Trump's administration is on a mission to weaken China's global network of ports and bring more strategic terminals under Western control, according to three sources familiar with the plan.The drive is part of the most ambitious effort to expand U.S. maritime influence since the 1970s and is designed to address growing fears in Washington that it would be at a disadvantage to China in the event of a conflict.Trump administration officials believe the U.S. commercial shipping fleet is ill-equipped to provide logistical support for the military in time of war and Washington's dependence on foreign ships and ports is excessive, the people said.

A landmark agreement to curb billions of dollars in subsidies contributing to overfishing came into force on Monday, the World Trade Organization said - a move activists hailed as a step towards helping global fish stocks recover.It was the first agreement to take effect at the WTO since 2017 after years of stalled debates and infighting on top of, more recently, a surge in U.S. tariffs that left some critics asking whether the Geneva-based body had a future.The formal ratification by Brazil, Kenya, Tonga and Vietnam on Monday meant the deal, first agreed in 2022, now had the required support of two thirds of members, a WTO spokesperson said.

The United States will be able to use planned defence facilities in Western Australia that are to help deliver nuclear-powered submarines under the trilateral AUKUS nuclear submarine deal, Australian Defence Minister Richard Marles said on Sunday.Australia will spend A$12 billion ($8 billion) to upgrade facilities at the Henderson shipyard near Perth, as part of a 20-year plan to transform it into the maintenance hub for its AUKUS submarine fleet, the government said on Saturday.The AUKUS pact, sealed by Australia, Britain and the U.S. in 2021, aims to provide Australia with attack submarines from the next decade to counter China's ambitions in the Indo-Pacific region.