New CEO Takes Reins of LDA as InfraVia Becomes Majority Shareholder
The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), and InfraVia Capital Partners, a leading independent private equity company in Europe, have completed the strategic transaction in which InfraVia, through its InfraVia European Fund VI, has acquired an 80% majority stake in LDA.The Louis-Dreyfus family retains a 20% share, with Edouard Louis-Dreyfus remaining President of the group.Further to this operation…
NTSB: Pilot Order Translations a Focus in Mexican Navy Vessel Brooklyn Bridge Accident
The U.S. National Transportation Safety Board (NTSB) released its preliminary report on the May 17, 2025 collision between the Mexican Navy training vessel ARM Cuauhtémoc and the Brooklyn Bridge, stressing that the findings are not final and remain subject to change as the investigation continues.According to the report, the Cuauhtémoc, a 158-foot air-draft tall ship with 277 crew and cadets aboard…
Zamil Offshore’s New Fast Support Intervention Vessel Ready for Service
Zamil 80, the first of three new 60-meter Fast Support Intervention Vessels (FSIVs) designed by Incat Crowther for offshore marine services provider Zamil Offshore, has passed sea trials and will soon enter service.The new vessel exceeded expectations, achieving a service speed of 28 knots with a 200-tonne payload, above the contracted required service speed of 25 knots, Incat Crowther said.The three new ABS-Classed…
Canada Joins LNG Export Nations as First Cargo Sets Sail
LNG Canada has loaded the first cargo of liquefied natural gas that is now destined for global markets, marking the start of operations at Canada’s first large-scale LNG export facility.Located in Kitimat, British Columbia, the LNG Canada facility will export LNG from two processing units or trains with total capacity of 14 million tonnes per annum (mtpa).Shell Canada Energy, an affiliate of Shell…
Ship Recycling Market Transitions to Hong Kong Convention Compliance
After decades of ongoing efforts, the Hong Kong Convention (HKC) has entered into force with big changes underway for the industry, reports cash buyer GMS. Bangladeshi and Pakistani markets still have a lot of work to do and catch up to the strides India has already made in upgrading their facilities over the last decade.“This is certainly great news for stakeholders, ship owners, cash buyers, recyclers…
New Maritime SAR Endorsement Scheme Announced
Recognizing the specialist skills required by both crew and commanders on board Search and Rescue (SAR) vessels, The Nautical Institute and The Maritime Search and Rescue Council have developed a scheme that addresses their specific needs.Successful participants of The Maritime Seach and Rescue Endorsement Scheme (MSARES) will receive certification that can be used to further their career progression or voluntary SAR ambitions.The new scheme…
GAO: MARAD Needs to Improve Financial Assistance Programs
Building commercial ships in U.S. shipyards supports the maritime industry, which plays a vital role in national security. However, U.S. commercial shipbuilding has been in decline for decades. The Maritime Administration (MARAD) has four financial assistance programs to help change that – U.S.-built vessels generally cost more than foreign-built ones.It's not clear if these programs are meeting the needs of the industry or national security, says the Government Accountability Office (GAO).
Oil Supply to Outpace Demand in Medium-Term
The IEA’s medium-term outlook sees global oil supply increase set to far outpace demand growth in coming years.With intensifying geopolitical strains and heightened uncertainty about global economic prospects, oil markets are undergoing structural changes as the key drivers of supply and demand growth of the past 15 years start to fade, according to the latest edition of the IEA’s medium-term outlook.According to the report…
France Tops Paris MoU White List
The Paris MoU has published its 2024 Annual Report, including performance lists, with France toping the white list, up from position 11 last year. Denmark, Netherlands, Norway and Singapore remain in the top five.The White, Grey and Black List is based on the total number of inspections and detentions during a three-year rolling period for flags with at least 30 inspections in that period.Overall,…
Danos Nets Production Services Contract for Beacon Offshore's Shenandoah FPS
Danos Operations Services has been awarded a contract to provide production services for Beacon Offshore Energy’s new deepwater facility, the Shenandoah floating production system (FPS). The project will employ production operators, instrumentation and electrical technicians, mechanics, and offshore installation managers. Several employees began work on the platform in 2024.The Shenandoah facility is in the final stages of hook-up and is expected to begin producing oil later this summer.
American Maritime Partnership Congratulates Over 1,100 Graduates of U.S. Maritime Academies
The American Maritime Partnership (AMP), the voice of the domestic maritime industry, congratulates the more than 1,100 graduates from America’s maritime academies who make up the Class of 2025. These graduates now join the 650,000 men and women of the American maritime workforce.The 2025 graduates hail from the seven maritime academies in the United States: the U.S. Merchant Marine Academy (Kings Point…
India Extends Import Curbs on Low-Ash Metallurgical Coke for Six Months
The Indian government has extended import curbs on low-ash metallurgical coke, a steelmaking raw material, for six months starting July, a government order said on Monday, dealing a blow to steelmakers who oppose restrictions on overseas purchases.India, the world's second-largest crude steel producer, will set country-specific import quotas and cap purchases at 1.4 million metric tons from July 1 to December 31…
Celebrating 75 Years of SCHOTTEL RudderPropeller
SCHOTTEL founder Josef Becker invented the fully steerable rudder propeller, an innovation that continues to shape the maritime industry today.Since its introduction, more than 17,000 SCHOTTEL RudderPropellers have been sold, powering a wide variety of vessels on nearly every major body of water around the globe. This year marks the 75th anniversary of this development.With the invention of the SCHOTTEL RudderPropeller (SRP) in 1950…
HII, C3 AI Forge Partner to Support US Navy Shipbuilding
HII, America’s largest military shipbuilder, and C3 AI, the Enterprise AI application software company, have announced a strategic partnership to expand digital technologies and apply artificial intelligence (AI) to accelerate shipbuilding throughput at HII’s Newport News Shipbuilding and Ingalls Shipbuilding divisions.These efforts are expected to accelerate production and support the U.S. Navy’s fleet readiness needs.
MacGregor to Deliver Fully Automatic Twistlocks for Hapag-Lloyd’s 19,900 TEU Vessels
MacGregor has secured an order from Hapag-Lloyd for its fully automatic twistlocks (ACV-1) “Hippo," designed to improve cargo handling efficiency. Twistlocks are used to secure containers on ships, ensuring stability and safety during transport.This order will support Hapag-Lloyd’s A19-series ships, which include six 19,900 TEU vessels: Al Nefud, Al Dahna Express, Barzan, Al Muraykh, Al Zubara, and Tihama.The order was booked in the first quarter 2025.
ECO Liberty SOV Hits Water to Support Equinor’s Empire Wind Project
Equinor, the developer of Empire Wind, has launched the Service Operations Vessel ECO Liberty on June 28 for deployment in its New York offshore wind project. Louisiana First Lady Sharon Landry served as the vessel’s “Godmother” during a christening ceremony on the Mississippi River at the Port of New Orleans. Speakers at the event included Louisiana Governor Jeff Landry, along with leaders from Equinor and Edison Chouest Offshore.
One Dead, Two Missing After Migrant Shipwreck Off Italian Island
One woman died, two people were feared missing and 87 were rescued following a migrant shipwreck off the Italian island of Lampedusa, a U.N. migration agency official said on Monday.Lampedusa lies between Tunisia, Malta and the larger Italian island of Sicily and is the first port of call for many migrants seeking to reach the EU from North Africa, in what has become one of the world's deadliest sea crossings.The migrants…
Low Rhine River Levels Limit Fully Loaded Shipping Vessels
A heat wave in western Europe has lowered water levels on Germany's Rhine River, hampering shipping and raising freight costs for cargo owners due to additional surcharges as their vessels were unable to sail fully loaded, commodity traders said on Monday.Low water has limited shipping on all of the river south of Duisburg and Cologne, including the chokepoint of Kaub, traders said.At Kaub, cargo vessels could only sail about 50% full, at Duisburg and Cologne between 40-50% full.Shallow water le
Military Leaders To Establish A "One-Theatre" Approach in the East and South China Seas
Military leaders are working to enforce a "one-theatre" concept in both the East and South China seas, the Philippines' defence minister said on Monday, adding that the Southeast Asian country facesthreats in disputed waters that are similar to Japan's.Japanese newspaper Asahi reported in April that Japanese defence minister Gen Nakatani made a proposal to U.S. Pentagon Secretary Pete Hegseth to consider the East China Sea…
Guided Missile Destroyer Jeremiah Denton (DDG 129) Christened
HII christened the future USS Jeremiah Denton (DDG 129), the third Flight III Arleigh Burke-class destroyer to be built at the company’s Ingalls Shipbuilding division.The ship’s name honors former U.S. Sen. Jeremiah Denton Jr., a Vietnam War veteran who was awarded the Navy Cross for his heroism as a prisoner of war. Denton spent 34 years as a naval aviator, including eight years as a prisoner of war in Vietnam.
