SAULT STE. MARIE, Mich. — The U.S. Army Corps of Engineers, Detroit District, removed the Obelisk signifying the Soo Locks 50th anniversary located in Brady Park, in Sault Ste. Marie, Michigan on November 4, 2025. When the Obelisk was constructed, it was placed on an Indigenous burial site, related to multiple tribes including the Bay Mills Indian… Read More
Two company directors implicated in the long-running investigation into corruption at Dutch shipbuilder Damen Shipyards have struck plea bargaining deals with the prosecution service. The settlements were disclosed during preliminary hearings into the case in Zwolle, where the company, its executives and agents are accused of bribery and falsifying documents. In a separate case, Damen… Read More
New maritime services ban threatens to sever lifeline for Yamal LNG exports By Paul Morgan (gCaptain) – In the frozen waters above the Arctic Circle, a fleet of specialised ships has for years quietly sustained one of Russia’s most valuable energy assets, but these are not ordinary tankers. Built to smash through sea ice up… Read More
SGX-Mainboard listed ASL Marine Holdings Ltd. (“ASL Marine” or “洪新刘海运”, the “Company” and together with its subsidiaries, the “Group”), a vertically-integrated marine services group in the region with an established 50-year track record, today released its business update for the first quarter ended 30 September 2025 (“1QFY2026”). Revenue for 1QFY2026 increased 12.1% year-on-year, with increased… Read More
DH Shipbuilding recorded an operating profit margin of 24.3% in the third quarter, achieving over 20% for four consecutive quarters and leading a structural shift in profitability across the shipbuilding industry. On the 14th, DH Shipbuilding announced its consolidated third-quarter results, reporting KRW 274 billion in revenue and KRW 66.5 billion in operating profit. This translates to an operating profit… Read More
