Saipem, Subsea7 Clear Key US Regulatory Merger Hurdle
Saipem and Subsea7 have cleared a key U.S. regulatory hurdle for their planned merger after the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 expired, allowing the transaction to close in the United States once all remaining conditions are met.The companies said all applicable waiting periods under the U.S. antitrust law have expired, while noting that the proposed…
Huisman to Deliver Equipment for Solstad-SBM Offshore Installation Vessel
Dutch lifting equipment specialist Huisman has secured a contract from CIMC Raffles Offshore to supply lifting and handling systems for a next-generation deepwater offshore installation vessel being built for a joint venture between Solstad Offshore and SBM Offshore.The contract covers an integrated equipment package comprising a 350-tonne A-frame, a 500-tonne knuckle boom crane, a 20-tonne auxiliary crane…
Managing Risks in Battery-Related Marine Fires: A Practical Perspective on Investigation, Subrogation
As lithium-ion batteries continue to make their way into the marine space whether through vessel systems, transported electric vehicles, or everyday devices onboard we are starting to see a different type of fire loss than most of us have traditionally dealt with.These events are not necessarily more frequent, but when they occur, they tend to be severe. In many cases, they result in prolonged fires or even total loss of a vessel or cargo.
U.S. Dredging Policy: Jones Act Waiver(s), Outdated Environmental Restrictions Hamper an Industry
The American maritime industry depends on policy that supports economic growth and investment and protects national security; however, recent policy decisions have too often relied on broad administrative actions and outdated assumptions rather than modern, data-driven approaches. The extension of the Jones Act waiver and the continued use of rigid seasonal dredging windows illustrate this trend. Though distinct issues…
U.S. Dredging: A Cornerstone of Maritime Commerce and National Defense
There are several major dredging opportunities emerging across the United States that extend well beyond traditional maintenance dredging, channel deepenings, or harbor expansions. Increasingly, the American dredging industry is becoming a strategic tool for addressing some of the nation's most pressing challenges, including water security, agricultural sustainability, coastal resilience, maritime industrial revitalization, and national defense.
Saudi Oil Tankers Cross Red Sea as Hormuz Traffic Slows
Two tankers laden with Saudi oil crossed the Bab el-Mandeb strait over the weekend, while traffic in the Strait of Hormuz slowed following reports of vessel attacks, shipping data showed on Monday.The number of commodity vessels that passed through the Bab el-Mandeb strait fell to 18 on Sunday, from 27 on Saturday and 28 on Friday, the Kpler data showed.The Iran-aligned Houthis declared a maritime embargo against Saudi Arabia on July 20, opening a new front against the U.S.
GasLog LNG Tanker Safe Following Strait of Hormuz Incident
A liquefied natural gas vessel controlled by Greek shipping company GasLog was stable after an incident while exiting the Strait of Hormuz, with everyone on board safe and accounted for, the company said.An "incident" had occurred on its Gaslog Shanghai LNG vessel on July 31, said GasLog in a statement. It did not provide details about the incident or whether the ship or its cargo had sustained any damage."GasLog LNG Services immediately activated their emergency plan…
Rebuilding U.S. Shipbuilding One Weld at a Time
The dearth of welding talent for shipyards – for all manufacturing operations – transcends the ‘finding the next generation’ discussion and fall squarely into a conversation about rebuilding U.S. shipbuilding capacity and national defense. Technology companies – specifically AI and robotics – continue to infiltrate nearly every maritime sector, and Path Robotics has taken an early lead in the development and supply or humanoid welding robots…
