Ships Queue at Russian Grain Port
Russian grain exports via the Black Sea port Kavkaz, which accounted for almost a quarter of all seaborne exports last season, have been significantly hampered this month due to new ship entry and inspection requirements, industry sources said.Foreign vessels require permission from port authorities and approval of Russia's FSB security service to enter the country's ports, according to a decree in July by President Vladimir Putin.Since the beginning of August…
Briggs Marine Awarded Contract for Royal Navy Maritime Services
Briggs Marine has announced its role as Key Subcontractor to Serco following the recent award of the Royal Navy’s Maritime Services contracts.This milestone marks the continuation of a partnership that has spanned over 17 years, delivering critical marine support services to the UK Ministry of Defence (MOD). The contract will see Briggs deliver Range Safety and Aircrew Training (RSACT) services at…
Oil Prices Fall Ahead of Possible Cease-Fire
Oil prices fell on Tuesday as traders thought a possible cease-fire in Russia's war with Ukraine might lead to easing or the end to sanctions on Russian crude oil, which would in turn boost global supply.Brent crude futures were down 50 cents, or 0.75%, at $66.10 a barrel at 10:38 a.m. CDT (1538 GMT). U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, were down 72 cents…
Alewijnse Joins Oceanco Group
Maritime systems integrator Alewijnse has joined the Oceanco Group, a leader in the yacht sector.With this step forward, Alewijnse is entering a new phase following seven years as a portfolio company of Strong Root Capital. During this period the company strengthened and professionalized its operations, which now enables it to accelerate its proven course with greater momentum.Alewijnse brings more than 135 years of experience in electrical engineering and automation…
Van Oord Awarded Land Reclamation Project in Dubai
Van Oord has secured a contract for the land reclamation of Naïa Island Dubai, a new development located just off Jumeirah’s coastline. The project marks another milestone in Van Oord’s long-standing presence in the region, following its role in the development of projects such as Dubai Harbor, the World Islands and Palm Jumeirah.Naïa Island Dubai, a landmark project by Shamal Holding, will span approximately 13 hectares and feature 6 kilometers of pristine beaches.
Tariffs Hit India Shrimp Farmers Hard
On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.Andhra Pradesh state sends the most shrimp from India to the U.S. and farmers there have spent millions of rupees (hundreds of thousands of U.S. dollars)…
SFL Beats Q2 Profit Estimates
SFL Q2 net income of $1.5 mln beats analyst expectations, per LSEG data Adjusted EBITDA of $104 mln misses analyst estimates, per LSEG dataCompany says sold older vessels, increasing capital but reduc
Baltimore: Bulk Carrier Afloat After Explosion
The US Coast Guard and local partners are responding to an explosion aboard the 751-foot Liberia-flagged bulk carrier W-Sapphire in Baltimore Harbor.Responders from Coast Guard Sector Maryland - National Capital Region were dispatched to the area to assist. No injuries have been reported, and the cause of the explosion is under investigation.The vessel remains afloat and is being assisted by tug boats.The Coast Guard has established a 2…
LNG Carrier Al Zuwair Delivered to QatarEnergy
The 174,000 cubic meter capacity LNG carrier Al Zuwair has been delivered from the HHI Ulsan Shipyard of HD Hyundai Heavy Industries and will be deployed under a time-charter contract with QatarEnergy. The vessel will be managed by the NYK Group.Al Zuwair is the third of 12 new LNG carriers being built for QatarEnergy by a joint venture comprising NYK, Kawasaki Kisen Kaisha, MISC Berhad, and China LNG Shipping (Holdings) Limited.This delivery marks the first of these vessels built at HHI.
$1 Billion Fine for X-Press Pearl Disaster
The Supreme Court of Sri Lanka has found the owner, operator, and local agent of the container ship X-Press Pearl liable for environmental and economic damage caused by the 2021 fire and sinking of the vessel.The ship's registered owner, EOS Ro Pte. Limited, along with others, has been fined $1 billion under the polluter pays principle.The Singapore-flagged vessel had 1,486 containers on board at the time, 81 of which were identified as containing hazardous.
Incat Crowther to Design Whitsundays Passenger Vessel
Incat Crowther has been commissioned by Cruise Whitsundays, part of Australian tourism group Journey Beyond, to design a 36-meter passenger vessel that will be built by Austal Vietnam.The vessel will be deployed year-round as a resort connection service between Airlie Beach, the resorts of Daydream Island and Hamilton Island and Cruise Whitsundays’ Reef World pontoons – located 39 nautical miles from shore at Hardy Reef.Designed specifically for local conditions…
Keel Laid for NOAA Charting and Mapping Vessel
A keel-laying ceremony has been held for Surveyor, a new charting and mapping vessel being constructed for NOAA by Thoma-Sea Marine Constructors, LLC., in Houma, Louisiana.In 2023, NOAA announced two new charting and mapping vessels would be added to its fleet. Surveyor is expected to be completed in 2027 and Navigator in 2028. The ships will be used primarily for ocean mapping and nautical charting…
Drug Cartels: Three US Destroyers Head for Venezuela
Three U.S. Aegis guided-missile destroyers will arrive off the coast of Venezuela in the next 36 hours as part of an effort to address threats from Latin American drug cartels, two sources briefed on the matter said on Monday.President Donald Trump has wanted to use the military to go after Latin American drug gangs that have been designated as global terrorist organizations.The sources said the ships are the USS Gravely, USS Jason Dunham and the USS Sampson.A separate U.S.
SHI Secures Order for Six LNG Carriers
Samsung Heavy Industries has secured orders for six LNG carriers from two shipowners from Oceania.The vessels, two for one owner, four for the other, are expected to be delivered starting November 2028.Business Korea reports that Samsung Heavy Industries has secured orders for seven LNG carriers, nine shuttle tankers, two ethane carriers, four crude oil tankers, two container ships, and one offshore…
North Korea Calls US-South Korea Drills “Confrontational”
North Korean leader Kim Jong Un said his country needed to rapidly expand its nuclear armament and called U.S.-South Korea military exercises an "obvious expression of their will to provoke war," state media KCNA reported on Tuesday.South Korea and its ally the United States kicked off joint military drills this week, including testing an upgraded response to heightened North Korean nuclear threats.Pyongyang…
Inland Waterways System: Driver for the U.S. Economy
“In a global marketplace, supply and demand in one area of the world can greatly impact the agricultural production in another. American products are shipped worldwide …” is how the U.S. Department of Agriculture (USDA) describes the backdrop for international trade. The inland and coastwise waterway systems serving the United States (where agricultural cargoes are an important component) are sometimes regarded as insular highly specialized marketplaces.
Maritime Power Insights: Will Watson, Marine Product Manager, Caterpillar
Cat Pushes Forward on Hybrid Electric Solutions, Alternative FuelsAs the maritime industry continues its transformation driven by decarbonization mandates, OEMs like Caterpillar are central to paving the path. Will Watson, Marine Product Manager, Caterpillar, discusses latest efforts by the company to unlock the potential with hybrid electric and alternative fuel solutions.Key Takeaways to Caterpillar…
Lloyd’s List Intelligence Announces Waqas Samad as New CEO
Lloyd’s List Intelligence has announced the appointment of Waqas Samad as Chief Executive Officer. In his role, Waqas will spearhead the Company’s ongoing global expansion and drive ambitious innovation initiatives, ensuring that as geopolitical developments reshape global trade and heighten the strategic importance of the maritime sector, the company continues to deliver comprehensive and forward…
Fire Aboard Maersk Vessel is Contained
Danish shipping company Maersk said on Monday that a fire that broke out onboard the vessel Marie Maersk off Liberia on Wednesday last week had stopped spreading, and that firefighting efforts would be intensified further."Over the weekend, the crew's ongoing firefighting has stopped the fire onboard from spreading further," Maersk said in an emailed statement."We expect firefighting efforts to intensify…
Thordon Bearings Appoints Progreen as Exclusive Distribution in Azerbaijan
Thordon Bearings Inc., a leader in water-lubricated and grease-free bearing solutions, has announced the appointment of Progreen as its exclusive distributor for Azerbaijan.The formal arrangement strengthens Thordon's strategic presence across the Caspian region and marks another important step in delivering its high performance bearing and seal solutions to key sectors including marine, hydro power, and industrial markets.
