ABS Issues AIP for Floating Nuclear Power Module
ABS issued approval in principle (AIP) to HD Hyundai Heavy Industries (HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for a concept of a floating small modular reactor (SMR)-powered power module.The design is intended to generate electricity offshore and near shore, supporting port facilities and onshore communities. ABS completed design reviews based on the ABS Requirements for Nuclear…
CCG's New Offshore Oceanographic Science Vessel Begins Sea Trials
CCGS Naalak Nappaaluk, the Canadian Coast Guard’s (CCG) new Offshore Oceanographic Science Vessel (OOSV), began sea trials this week in North Vancouver, sailing from Seaspan Vancouver Shipyards where final outfitting, installation, and commissioning work has been taking place since the vessel’s launch in August 2024.CCGS Naalak Nappaaluk is a Polar Class 6 vessel, with a displacement of 5,058t, and is 88 meters long…
Army Corps of Engineers Seeks Public Comments On Proposal to Renew and Revise Nationwide Permits
The U.S. Army Corps of Engineers announced it is seeking comments on its proposal to renew and revise 56 existing nationwide permits and issue one new nationwide permit authorizing activities associated with improving fish passage. Nationwide permits authorize activities in wetlands and other waters that are regulated by Section 404 of the Clean Water Act and/or Section 10 of the Rivers and Harbors Act of 1899.“The streamlined set of nationwide permits proposed today offers a clear…
Admiral Caudle Nomiated to be US Navy CNO
Admiral Daryl L. Caudle has been nominated by President Donald Trump to be the next Chief of Naval Operations, more than three months after Admiral Lisa Franchetti, the first woman to lead the U.S. Navy, was fired in President Trump's purge of military leadership following his inauguration.The Senate Armed Services Committee received Adm. Caudle's the nomination on June 17, 2025.Adm. Caudle - currently Commander, U.S.
Iran, Israel Trade Blame As Commercial Shipping Is Threatened By Conflict
Iran and Israel accused each other of endangering commercial activity in sea lanes around the Gulf and the Red Sea at the UN's shipping agency on Wednesday, as their military conflict escalated.Iran's delegation told a session of the International Maritime Organization's security committee that Israel had in recent days extended its "unlawful attacks" to include petrochemical and gas infrastructure…
Commercial Ships Advised to Keep Distance From Iran Around Strait of Hormuz
Commercial ships are sailing close to Oman and are being advised by maritime agencies to avoid Iran's waters around the Strait of Hormuz, with the risk of the conflict between Israel and Iran escalating, shipping sources said on Wednesday.Iran has in the past threatened to close the critical Strait of Hormuz to traffic in retaliation for Western pressure. Any closure of the strait could restrict trade and affect global oil prices.In the latest measure…
Mike Lynch's Sunken Yacht to Be Brought to the Surface In Recovery Efforts
Late British tech tycoon Mike Lynch's sunken superyacht will be recovered from the sea off the coast of northern Sicily this weekend, the company leading the salvage operation said on Wednesday.The 56-metre-long (184-foot) Bayesian was moored off the small port of Porticello, near Palermo, in August last year when it sank during a severe and sudden weather event, killing seven people, including Lynch and his teenage daughter Hannah.The recovery process has been made easier after the vessel's 72-
Statkraft to Cut Costs by $292m Amidst Global Uncertainty
Norwegian state-owned utility Statkraft said on Wednesday it would cut its annual costs by around 15% or 2.9 billion crowns ($292 million) by 2027, citing increased global uncertainty, higher expenses and lower power prices.The company already announced in May that it had stopped developing new green hydrogen projects due to higher costs and uncertain demand, after it scaled back its hydrogen ambition…
Van Oord Christens World's Largest and Most Sustainable Offshore Wind Installation Vessel
Van Oord's new offshore wind installation vessel Boreas was officially christened on June 18 in Rotterdam. The event marked a milestone in Van Oord’s commitment to enhancing the energy transition. In addition, Van Oord announced that it had become the first marine contractor to receive approval on science-based targets for its decarbonization approach. The Boreas was christened by Ms. Carola Schouten, the mayor of Rotterdam. Guests and Van Oord employees gathered to celebrate this moment.
Brine-Based Firefighting System In Operation On the World’s Longest RoPAX Route
As EV-related fires continue to challenge the maritime industry, with incidents like the Morning Midas blaze in the North Pacific, operators are seeking more effective solutions. A new brine-based firefighting system, developed by Skansi Offshore in close cooperation with KNUD E. HANSEN, now offers a simple, robust and environmentally responsible answer.The system is operational aboard Norrøna, sailing the world’s longest RoPAX route…
X-Press Feeders Group, COSCO SHIPPING Lines Partner to Enhance Feeder Connectivity
X-Press Feeders Group, the world’s largest independent common carrier, has signed two agreements with COSCO SHIPPING Lines, one of the world’s largest mainline operators, to expand network coverage, strengthen mainline-feeder coordination and improve service reliability.The agreements were signed by Francis Goh, Chief Operating Officer of X-Press Feeders Group and Irene Cheng Jin, Deputy Managing Director of COSCO SHIPPING Lines on June 18, 2025.
Maersk Ready for Ops with New Methanol-Fueled 17,480 TEU Container Ship
Danish shipping group A.P. Moller - Maersk has named the first vessel in a series of 17,480 TEU vessels equipped with dual-fuel methanol propulsion, which will operate under the name of Berlin Mærsk.The naming event took place on June 18, at Hyundai Heavy Industries’ (HHI) yard in Ulsan, South Korea.Berlin Mærsk is the 14th dual-fuel newbuild entering the Maersk fleet, and it will be followed by additional…
DNV Issues AiP for SeaTech Solutions’ Ammonia Bunkering Vessel Design
Classification society DNV has awarded an Approval in Principle (AiP) to SeaTech Solutions for the design of a new 10,000cbm ammonia bunkering vessel, being developed in collaboration with Oceania Marine Energy.Measuring 130-metres, the ammonia bunkering vessel is specifically designed to deliver low-carbon ammonia to ammonia dual-fueled bulk carriers at the Port of Dampier, which emerging as a potential…
Kongsberg Maritime to Supply Thrusters for Sanmar-Built Tugs
Kongsberg Maritime has secured a contract to supply 17 shipsets of its US range of azimuth thrusters to Türkiye’s Sanmar Shipyards for a range of international tug projects.The US azimuth thrusters will be supplied across a range of power outputs between 1765kW and 2525kW with a bollard pull ranging between 60 and 85 tons.Sanmar Shipyards is a long-standing customer of Kongsberg Maritime and specializes…
RAstar Tug Pair Delivered, Set Sail for Mexico
Cheoy Lee Shipyards recently delivered two RAstar 3200-CL tugs bound for Coatzacoalcos, Mexico. CMM Azteca and CMM Mexico will sail on their own bottom all the way from Hong Kong and begin operations in Mexico as part of Compania Maritima Mexicana SA DE CV’s fleet (an affiliate company of Boluda Towage).These two tugs are the latest deliveries in the RAstar 3200-CL series, which Cheoy Lee has been building since 2013.
War Insurance Costs to Israel Soar
War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday.The cost of a seven-day voyage to Israeli ports was quoted between 0.7% and 1.0% of the value of a ship, versus around 0.2% a week ago, they said.War risk premiums to Israel are still below a peak of over 2% in November 2023 that were quoted after a Hamas attack on Israel killed 1…
Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions
Yinson Production and “K" Line Energy Shipping (UK) (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha ("K" LINE), have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2.Under the memorandum of understanding (MoU), Yinson Production and KLES will jointly develop and market a floating storage and injection unit (FSIU) and…
With Sat Signal Jamming, Vessel Near Iran Appears to be in Rural Russia
The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past 9:40 a.m. shiptracking data appeared to show the massive vessel in Russia, in fields better known for barley and sugar beets.By 4:15 p.m., the ship's erratic signals indicated it was in southern Iran near the town of Bidkhun, before later placing it back and forth across the Gulf.Mass interference since the start of the conflict between Israel and Iran has affected nearly 1…
Okeanis Eco Tankers Takes $65M Loan to Refinance VLCC
Okeanis Eco Tankers (NYSE: ECO / OSE: OET) has secured a new $65 million term loan facility to finance the repurchase of its VLCC Nissos Kea under a previously announced sale-and-leaseback option. The new financing, led by E.SUN Commercial Bank, extends OET’s strategy of strengthening its capital structure and diversifying its financing sources.The seven-year secured loan carries an interest rate of…
Tanker Vessel Market Flashes Yellow as Middle East Burns
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.Geopolitical risk has spiked following Israel's surprise bombardment of the Islamic Republic last Friday and Iran's retaliatory ballistic missile strikes, leading to a rally in global energy prices, with Brent crude rising 8%…
