Sweden Picks France’s Naval Group for $4B Frigate Deal
Sweden will order four navy frigates from France's Naval Group in a $4 billion deal that will triple its air defence capacity as the new NATO member focuses on security threats in the Baltic Sea, its prime minister said on Tuesday.Sweden is racing to build up its military in the wake of Russia's invasion of Ukraine and the Nordic country's subsequent accession to NATO, with the new frigates representing…
CMB.Tech Profit Surges as Hormuz Disruption Boosts Tanker Rates
Belgian tanker company CMB.Tech said on Tuesday its core profit more than tripled in the first quarter, as the closure of the Strait of Hormuz curtailed available shipping tonnage, driving a sharp spike in spot freight rates.Shares of the large, diversified maritime company with a fleet of about 250 ships rose more than 5% in early Brussels trading.
Glenfarne, ConocoPhillips Ink Alaska LNG Gas Supply Deal
Glenfarne Alaska LNG and ConocoPhillips Alaska have signed a gas sales precedent agreement to supply natural gas from Alaska’s North Slope for Phase One of the Alaska LNG project.The 30-year agreement will secure sufficient natural gas volumes to support a final investment decision for Phase One and meet Alaska’s domestic energy needs, according to Glenfarne.Glenfarne is developing the Alaska LNG project in two financially independent phases.
Oil Prices Ease as US Holds Off Renewed Strikes Against Iran
Oil fell by nearly 2% on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.Trump posted on social media on Monday that he was holding off on a planned military attack on Iran scheduled for Tuesday, while efforts continue to reach a deal, adding that the United States was ready to resume attacking if one is not reached.Brent futures LCOc1 for July were down $2.02…
Professor Momoko Kitada Receives IMO Gender Equality Award
Japanese maritime academic and former seafarer Professor Momoko Kitada has been awarded the International Maritime Organization’s Gender Equality Award 2026. The award was presented by IMO Secretary-General Arsenio Dominguez during a ceremony held at IMO Headquarters in London (May 18) to mark International Day for Women in Maritime. The recipient of the Gender Equality Award is selected each year by a high-level panel and endorsed by the IMO Council…
Gaza Aid flotilla Says Israeli Forces Intercepted 39 Boats
The organisers of a flotilla of aid vessels bound for Gaza said on Monday that Israeli forces had intercepted 39 of their boats in the eastern Mediterranean, while the remaining ships were continuing to sail toward the enclave.Earlier on Monday, Israel's foreign ministry had said on X that it "will not allow any breach of the lawful naval blockade on Gaza".Ships from the Global Sumud Flotilla had set sail for a third time on Thursday from southern Turkey…
NextEra CEO Positive About Dominion Offshore Wind Project
The chief executive of NextEra Energy said on Monday that his company felt good about Dominion's investment in offshore wind, a technology he has disparaged in the past.CEO John Ketchum made the remarks on a call with investors to discuss NextEra's $66.8 billion bid for Dominion, which is building a more than $11 billion offshore wind project off the coast of Virginia."As we look at it, we feel very good about it…
Sanmar Delivers LAGANMAN Tug to Belfast Towage
Sanmar has completed the delivery of the ASD harbor tug LAGANMAN to Belfast Towage in Northern Ireland. The vessel has arrived at the Port of Belfast following a delivery vovage from Türkiye, carried out by one of Sanmar's experienced delivery crews.Built at Sanmar's Altinova Shipyard, the tug was built under the project name Sirapinar XXIII during construction. LAGANMAN is based on the RAmparts 2200…
BATTERIES: FleetZero aims to Help Rewrite the Rules of Marine Power
Michael Carter and Steven Henderson grew up together in North Carolina, attended the United States Merchant Marine Academy (USMMA) together, and most recently jointly founded Fleet Zero, a company aiming to develop modular, containerized battery technology for electrifying cargo ships. As of the interview, the company has raised about $60 million in funding, it employs 40 people, it recently opened…
‘The Madison’ and Tossing Maritime under the Bus
I watched the first episode of The Madison, a Michelle Pfeiffer TV Drama on Paramount.In short, it deals with a rich NY family, where the patriarch dies while fishing in Montana and the daughter of the matriarch played, by Michelle Pfeiffer, gets mugged in New York City. Very quickly it is conveyed that New York City is fake and that truth can be found fly fishing on the Madison River in Montana.The mugging as depicted in the show symbolizes the evilness and moral loneliness of New York City…
Port of Corpus Christi: Deep Water and Big Energy
Drive into Corpus Christi and you can feel the paradox that defines many port cities: the waterfront is everywhere, yet the maritime business that powers the place is easy to miss — until you look past the horizon of tanks, docks, and ship traffic and realize you’re staring at one of the world’s most consequential energy gateways.By volume, the Port of Corpus Christi has become a central export valve for U.S.
Korean Register, HD Hyundai Heavy Industries, Samsung Heavy Industries Publish EEDI Guidelines
Korean Register (KR) has published the "Numerical Calculation Guidelines for the Determination of the Attained EEDI," developed through a joint research initiative with HD Hyundai Heavy Industries (HD HHI) and Samsung Heavy Industries (SHI).The guidelines establish a standardized methodology for numerical analysis based on Computational Fluid Dynamics (CFD), providing an alternative to the conventional…
Berg Propulsion to Supply Propulsion for Diesel-Electric Tugs
Berg Propulsion has been contracted to supply the propulsion and control systems for four diesel-electric, firefighting offshore support tugs which will be the most powerful vessels of their type ever built in Türkiye.The vessels have been ordered by Smit Lamnalco from builder Uzmar Shipyard and will initially operate in French Guyana, with Berg due to deliver equipment for the first in the series in November 2026.
Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports from the beginning of 2027 as part of its sanctions pressure on Moscow over the war with Ukraine.In an attempt to regain the initiative…
Iraqi Oil Tanker Bound for Vietnam After US Holdup
Supertanker Agios Fanourios I is heading for Vietnam to discharge its Iraqi crude oil cargo after it was held by the U.S. Navy for five days in the Gulf of Oman, the vessel's manager said on Monday.The Maltese-flagged Very Large Crude Carrier sailed out of the Strait of Hormuz on May 10 and was sailing in the Gulf of Oman before making a U-turn on May 11.It resumed its journey toward Vietnam on May 16 and is expected to arrive at the Nghi Son refinery on May 30…
Helm CONNECT Logbook Fleet Management Solution Receives US Coast Guard Recognition
Helm Operations, a market leader in fleet management software for the maritime industry, announced that Helm CONNECT Logbook has received official recognition from the United States Coast Guard (USCG). The recognition confirms that Helm CONNECT's digital Logbook meets federal standards for commercial vessel record keeping, giving US operators a fully accepted alternative to traditional paper logs.Helm…
The Updated Maritime Labour Convention Highlights the Role of Women at Sea
As the maritime industry faces rising pressures, from workforce shortages to evolving safety expectations and the drive for long‑term sustainability, diversity has become an essential pillar of progress. This is especially true in the ongoing effort to support more women entering and advancing in seafaring careers. With the release of the Guidelines on the Application of the ILO Maritime Labour Convention (Fifth Edition)…
Shipbuilders Council of America Announces 2025 Safety Awards
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, today announced its annual member safety awards for the 2025 calendar year. This year, 21 shipyards across Alabama, California, Florida, Hawaii, Louisiana, Massachusetts, New Jersey, Oregon, South Carolina, Texas, Virginia, Washington, and Wisconsin are receiving…
Wilson Sons Looks Forward to Rio Grande Container Terminal Expansion
Wilson Sons, a port and shipping logistics operator with over 188 years of experience, plans to expand the Rio Grande Container Terminal (located in Rio Grande do Sul) by making investments exceeding USD$218 million (R$1.1 billion) in port infrastructure by 2030. The initiative aims to expand the terminal's operational capacity and meet the growing logistics demands of Rio Grande do Sul and the Southern Cone.
Fincantieri Earns National Safety Honors from SCA
Three U.S. shipyards operated by Fincantieri have been recognized by the Shipbuilders Council of America for workplace safety performance in 2025, highlighting the company’s focus on operational discipline across its U.S. shipbuilding and repair operations.Fincantieri said its U.S. facilities at Fincantieri ACE Marine in Green Bay, Wis., Fincantieri Marine Repair in Jacksonville, Fla., and Fincantieri Bay Shipbuilding in Sturgeon Bay…
