Hanwha Philadelphia Shipyard (formerly Philadelphia Shipyard) has agreed to pay $900,000 (approximately RMB 6.157 million) in settlement to resolve a class action lawsuit involving unpaid wages.The lawsuit, filed by approximately 752 employees, covers the period from June 27, 2022, to December 11, 2

Italian offshore engineering firm Saipem announced it has secured a $500 million offshore engineering contract under a long-term agreement with Saudi Aramco.The project is located at the Safaniya oil field in Saudi Arabia—one of the world's largest offshore oil fields. The scope of work include

Dubai Ports World (DP World) and APM Terminals, a subsidiary of Maersk, recently announced a partnership to develop the South Container Terminal at the Port of Jeddah Islamika in Saudi Arabia. Under the agreement, APMT will hold a 37.5% minority stake, while DP World retains a 62.5% controlling inte

Around 9 p.m. on February 18, a bulk carrier unloading cargo caught fire at the Port of Vancouver in Canada.According to reports, the vessel was carrying scrap metal. Firefighters responded promptly upon receiving the alert.Before rescue personnel arrived, the crew had activated the ship's fire

Employees reacted strongly after news broke that Israel's national shipping company ZIM would be acquired by Germany's Hapag-Lloyd for $4.2 billion. Approximately 800 union members first staged a 48-hour warning strike at the Haifa headquarters, escalating to a full work stoppage on February