Novorossiysk Port Resumes Oil Trade after Ukrainian Attack
Russia's Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missile and drone attack, two industry sources said and LSEG data showed.Novorossiysk and a neighbouring Caspian Pipeline Consortium terminal temporarily suspended oil exports - equivalent to 2.2 million barrels per day, or 2% of global supply - on Friday. Global oil prices rallied by more…
Samsung, Hyundai Announce Domestic Investments After Korea-US Deal
Samsung Electronics, Hyundai Motor and other major South Korean manufacturers on Sunday unveiled domestic investment plans, as a U.S. trade deal raised concern investment in the U.S. could weaken manufacturing at home.Samsung Electronics will add a chip production line at its plant in the South Korean city of Pyeongtaek to meet rising demand amid the global boom in artificial intelligence, as part…
Iran Seizes Tanker Headed for Singapore
Iran confirmed on Saturday that its Revolutionary Guards had seized a tanker in Gulf waters carrying a cargo of petrochemicals bound for Singapore over alleged violations, Iranian state media reported.A U.S. official and maritime security sources had said on Friday that Iranian forces intercepted the oil products tanker and diverted it into Iranian territorial waters. It was the first report of Tehran seizing a tanker since Israeli-U.S.
China Coast Guard Sails in Formation Through Senkaku Islands
A China Coast Guard ship formation passed through the waters of the Senkaku Islands on Sunday on a "rights enforcement patrol", the China Coast Guard said in a statement, as Beijing ramps up tensions with Japan over its prime minister's remarks on Taiwan.A diplomatic spat between China and Japan has intensified since Japanese Prime Minister Sanae Takaichi told parliament on November 7 that a hypothetical…
CMA CGM’s Shipping Engine Holds Course in a Volatile Q3
CMA CGM closed the third quarter of 2025 with a mixed scorecard that underlines how volatile geopolitics continue to reshape global liner networks. Group results fell year-on-year, but the core shipping arm lifted liftings and stabilized sequentially, a sign that network agility and cost discipline are cushioning the shocks.Volumes Up; Pricing and Margins DownCMA CGM transported 6.17 million TEU in Q3, +2.3% year-on-year and +3.4% versus Q2, despite a stop-start environment on the China–U.S.
Saudi Aramco to Sign US LNG Supply Agreements
Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters.The world's largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas player, especially in the United States, where LNG capacity is set to almost double over the next four years. It has already signed deals with other U.S.
Ukrainian Attack Pauses Novorossiysk Oil Exports
Russia's Black Sea port of Novorossiysk temporarily suspended oil exports, equivalent to 2.2 million barrels per day, or 2% of global supply, on Friday, according to industry sources, after what local authorities said was a Ukrainian drone attack.The attack, one of the biggest on Russian oil-exporting infrastructure in recent months, comes after Ukraine in August stepped up strikes on Russian oil refineries…
MTF Issues New Guidelines for Qualitative Risk Assessments for Alternative-Fueled Ships
The Maritime Technologies Forum (MTF) announced the publication of guidelines for conducting qualitative risk assessments for alternative fueled ships: HAZID and HAZOP.The use of alternative fuels will be key to addressing the "2023 IMO Strategy on Reduction of GHG Emissions from Ships." While the IMO has developed guidelines for design and operation of ships capable of using them, the Alternative…
Fireboy Launches Low-Pressure Water Mist System for Battery Cooling, Containment
Fireboy, a leader in marine fire detection and suppression technology, is launching the BACC Mist System, a low-pressure water mist system designed specifically for the cooling and containment of battery rooms and machinery spaces. The Fireboy BACC Mist (Battery Area Cooling and Containment) system provides a compact, scalable and efficient solution for managing heat build-up and fire risk in critical onboard environments.
ClassNK Grants Approval in Principle (AiP), Innovation Endorsement for Berthing/Unberthing Assistance System
ClassNK has issued an Approval in Principle (AiP) for "Safety Berthing/Unberthing Assistance System" developed by Kawasaki Heavy Industries, Ltd. and granted its Innovation Endorsement for Products & Solutions to the "Berthing and unberthing Assistance System-Human Machine Interface." ClassNK has also confirmed that the 'a-SAFE' notation (BSS)-Berthing Support System, which indicate ships with advanced safety measures…
Unlocking Capital from Goods on the Move Through In-Transit Freight Financing
Recent history demonstrates just how unpredictable global supply chains can be, where delays, disruptions and prolonged transit times create substantial capital constraints for businesses. In-transit financing can address these challenges by converting goods enroute into liquidity that enables businesses to sustain operations and pursue growth without interruption.By combining negotiable bills of lading…
Made in America: The U.S. Dredging Market, a Strategic Jones Act Industry
The United States dredging industry stands as one of the most competitive, efficient, and strategically vital sectors of the maritime economy. As part of the Jones Act fleet—the original Build America, Buy America industry — it not only strengthens our ports and waterways but also anchors thousands of middle-class jobs, spurs shipbuilding across the Gulf and East Coasts, and delivers exceptional value for taxpayers.The last several years have ushered in a quiet renaissance.
Mitsubishi Shipbuilding Delivers Vessel KEYAKI
Mitsubishi Shipbuilding delivered the large car ferry KEYAKI, built for Shin Nihonkai Ferry Co., Ltd. and Japan Railway Construction, Transport and Technology Agency (JRTT), at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture on the November 11, 2025. The new ferry will serve on a shipping route between the cities of Otaru in Hokkaido and Maizuru in Kyoto Prefecture.KEYAKI is the first ferry in Japan to adopt the latest energy-saving hull form…
Vard Electro Inks Service Pact for Krill Harvest Vessels
Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, entered into a three-year service level agreement (SLA) with Aker QRILL Company, a leader in krill harvesting. The contract covers a fleet of four krill harvesting vessels and two cargo vessels.A central part of the agreement is fleet-wide spare parts coverage. The SLA also includes annual preventive maintenance, technical support, and crew training for Antarctic Endurance…
Over 40 Migrants Feared Dead After Boat Capsizes Off Libya
At least 42 migrants are missing and presumed dead after a rubber boat capsized off the coast of Libya, the International Organization for Migration said on Wednesday.Libyan authorities rescued seven survivors who had drifted at sea for six days after the vessel, carrying 49 people, sank near the Al Buri oilfield, an offshore facility north-northwest of the Libyan coast.IOM said the migrants were from Sudan…
ADNOC L&S Presents UAE’s First Autonomous Offshore Vessels
ADNOC Logistics & Services has unveiled the UAE’s first remotely operated offshore landing craft vessel, a 60-metre unmanned platform designed to improve safety, efficiency and emissions performance across offshore operations.Developed with SeaOwl and launched during Abu Dhabi Autonomous Week 2025, the vessel uses AI-enabled systems, satellite-linked controls and remote operation from ADNOC L&S’s center in Mussafah.
ABS Evaluates Condition-Based Maintenance System from SHI
ABS issued a product design assessment (PDA) certificate to Samsung Heavy Industries (SHI) for its condition-based maintenance system, SCBM.The system has earned a SMART (MHM) Tier 2 PDA from ABS, signifying that it meets the functional and system requirements listed in the ABS Guide for Smart Functions for Marine Vessels and Offshore Units.This achievement highlights the system’s compliance with ABS’…
LNG: Greenwashing or Realism
The October delay at IMO of its Net Zero Framework continues to spark debate, and enthusiasm, about net zero fuel choices, including what LNG’s role should be.Debate is expected to continue too, as shipowners face a more complicated regulatory landscape now. Despite the uncertainty created by the delay, regulations continue to force emissions reductions, including existing IMO regulations such as CII…
Seaspan Delivers Canadian Coast Guard Research Vessel
Seaspan Shipyards has officially delivered the Offshore Oceanographic Science Vessel (OOSV), CCGS Naalak Nappaaluk, to the Canadian Coast Guard (CCG).The OOSV is the fourth large vessel, and second class of ship, to be built and delivered by Seaspan under the National Shipbuilding Strategy (NSS).CCGS Naalak Nappaaluk is named after a well-respected elder from Nunavik who was a renowned promoter of Inuit language and culture.The ship will replace CCGS Hudson…
Online Training Helps Maritime Professionals Recognize Signs of Human Trafficking
Human trafficking remains one of the most lucrative and devastating crimes in the world, second only to the illicit drug trade. Today, an estimated 50 million people are living in modern slavery.To combat this crisis, Invisible Traffick, a Northern Ireland–based charity, is providing both in-person and online training to help maritime professionals recognize the warning signs of human trafficking and make the invisible…
