Cavotec Introduces Crane Operation Energy System
Cavotec has launched PowerAccESS, a modular and mobile battery Energy Storage System (ESS) designed to support the electrification of port crane operations.Developed for demanding and evolving port environments, PowerAccESS provides zero-emission power for RTG cranes during block changes as a one-to-one replacement for diesel generators.
IRPT Announces New Great Lakes Basin Directors
Inland Rivers, Ports & Terminals (IRPT) has announced the election of two industry leaders to its Board of Directors, representing the Great Lakes Basin. Joe Liebau of Foth and Jody Peacock of Ports of Indiana were elected to serve in these roles. Joe and Jody bring experience in environmental policy, infrastructure funding, economic development, and port leadership to the Board. Together, they will represent and serve IRPT members across the Great Lakes Basin…
Inherited Ship Conditions Could Increase Litigation Exposure for Ship Managers
Ship managers are facing increasing litigation risks that are linked to inherited ship conditions, highlighted after a recent incident in which claims exceeding $2.5 million were brought against a ship manager after taking over a defective ship.The claim, which was ultimately reduced to just $250,000 after it was successfully supported by International Transport Intermediaries Club (ITIC), is another example of the exposure ship managers face when inheriting ships with known deficiencies…
ZESTAs Announces Global Liquid Hydrogen Alliance
The Zero Emissions Ship Technology Association (ZESTAs) launched the Global Liquid Hydrogen Alliance (Alliance), a new international platform dedicated to advancing pure green hydrogen and liquid hydrogen (LH2) as a deployable, scalable, and commercially viable zero-emission fuel for international maritime shipping.The Alliance launches as the transition moves from aspiration to deployment. At MEPC 84…
ABB to Power Spanish Navy’s New Hydrographic Vessels
ABB has secured a contract from Spanish shipbuilder Navantia to supply power distribution and propulsion systems for two new coastal hydrographic vessels being built for the Spanish Navy.The vessels, scheduled for delivery by 2028, will be equipped with ABB’s Onboard DC Grid power system, PEMS power and energy management system, transformers, thruster motors and batteries.The systems are designed to improve energy efficiency…
Saronic, Lloyd’s Register Partner on Maritime Autonomy Standards
U.S. autonomous vessel developer Saronic has entered a strategic partnership with Lloyd’s Register (LR) to support the safe deployment of autonomous maritime systems in the United Kingdom, Europe and Australia.The companies said the collaboration would focus on advancing technical standards, regulatory guidance and classification pathways for autonomous surface vessels.Saronic said it would pursue classification activities for its autonomous vessels with LR as part of the agreement.
Ulstein Delivers Cable Layer Newbuild to Nexans
Norwegian shipbuilder Ulstein Verft has delivered Nexans Electra, a DP3 cable‑laying vessel (CLV), to Nexans, strengthening its capacity to install advanced subsea power and communication cable systems.The CLV Nexans Electra is a sister vessel to the CLV Nexans Aurora, which was delivered from Ulstein Verft in 2021, and incorporates enhanced capacity and updated arrangements.The vessel features an additional under-deck turntable with a 3…
Boskalis Orders High-Capacity CLV for Offshore Wind Market
Dutch offshore services provider Boskalis has decided to invest in a new high-capacity cable laying vessel (CLV) to support growing demand in the offshore wind and interconnector markets.The vessel, expected to enter service in 2029, will target long-distance cable installation projects, particularly for high-voltage direct current cables.Boskalis said the CLV will feature two 12,000-ton cable carousels…
Russian Drones Strike Two Ships off Ukraine’s Odesa Coast
Russian drones hit two ships in the Black Sea approaching ports in Ukraine's Odesa region on Monday, including a Chinese-owned cargo vessel, Ukrainian authorities said, after a night of Russian attacks on the area.Ukraine's seaports authority said that the strikes had hit two civilian vessels, one under Marshall Islands flag and another under Guinea-Bissau flag, both of which were heading to ports in the region.The Ukrainian navy reported a strike on the Ksl Deyang…
Norway Signs Up to EU Baltic Sea Cooperation Alliance
Norway said on Monday it has joined the European Union's Strategy for the Baltic Sea Region (EUSBSR), which aims to coordinate work around common challenges, including security aspects.Norway, a non-EU country, will join existing members Sweden, Denmark, Estonia, Finland, Germany, Latvia, Lithuania and Poland in the EUSBSR."Membership will strengthen Norway's cooperation with the EU in a region that has become central to European and Norwegian security," said Norwegian Minister of Foreign Affair
Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears
Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran.Brent crude futures LCOc1 climbed $1.65, or 1.51%, to $110.91 a barrel by 0703 GMT, but were off the $112 they had touched earlier for their highest since May 5.U.S.
Global Businesses Face Mounting $25 Billion Fallout From Iran War
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout. Businesses are grappling with soaring energy prices, fractured supply chains and trade…
Ship Recycling Market Hits Rare May Supply Squeeze
The Indian subcontinent (especially India and Pakistan) ship recycling market has entered a rare period of inactivity, with Wirana Shipping’s latest market outlook report showing hardly any new recycling candidates circulated during the week and no vessels currently waiting to be beached in India and just one vessel waiting to be beached in Pakistan.The report points to a market where recyclers remain ready to buy, but owners are still finding commercial reasons to keep older vessels trading.
IMO Launches Gender Handbook on Women in Maritime Day
This year’s IMO International Day for Women in Maritime (May 18) focuses on embedding gender equality at every level of the maritime industry, both on shore and at sea.Under the theme “From Policy to Practice: Advancing Gender Equality for Maritime Excellence”, the day highlights actions to translate international ambitions and commitments into tangible actions that will make a difference in the lives of women in the sector…
Hantavirus-Hit Cruise Ship Headed for Rotterdam
The hantavirus-hit cruise ship MV Hondius was due to dock in Rotterdam on Monday morning for disinfection, with Dutch authorities preparing quarantine arrangements for the 25 crew members and two medical staff remaining on board.Local authorities said quarantine facilities had been set up for some of the non-Dutch crew, though it was not clear yet if they would stay there for the full recommended 42…
VLCC Heads for Vietnam After Hold-Up in US Blockade
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, shipping data on LSEG showed.The Maltese-flagged very large crude carrier (VLCC) 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, LSEG data showed.The U.S.
Hapag-Lloyd, CMA CGM Suspend Cuba Bookings After US Executive Order
Shipping giants CMA CGM and Hapag-Lloyd said on Sunday they had suspended all bookings to and from Cuba until further notice, with both citing a U.S. executive order issued on May 1, in the latest blow to the crisis-wracked island's economy.The temporary suspension of new orders by two of the world’s largest shipping companies could jeopardize as much as 60% of Cuba's shipping traffic by volume, two…
ESAB Awards $5,000 Welding Grant to Two Texas High Schools
As part of celebrating National Welding Month in April, ESAB awarded $5,000 to support the welding programs at Princeton High School and Lovelady High School, part of the Princeton Independent School District, through its ESAB Future Fabricators Charlie Monschke Welding Education Grant. ESAB, a world leader in fabrication technology, also surprised the school with an equipment donation of a combined retail value exceeding $6,000.
Oil Prices Rise More Than 3% As US-Iran Talks Dent Hopes of Peace
Oil prices gained more than 3% on Friday, climbing more than $3 a barrel, after comments by U.S. President Donald Trump and Iran's foreign minister further dented hopes of a deal to end ship attacks and seizures around the Strait of Hormuz.Brent crude futures gained $3.35, or 3.17%, to $109.07 a barrel by 12:34 p.m. CDT (1734 GMT). U.S. West Texas Intermediate futures were up $3.85, or 3.81%, at $105.02.Over the week…
Greek-Operated Tanker Crosses Strait of Hormuz
A Greek-operated tanker sailed from the Gulf to India on Friday after crossing the Strait of Hormuz in one of the few crude sailings through the waterway this week, ship tracking data showed on Friday.The U.S.-Israeli war on Iran has led to the effective closure of the strait, stranding hundreds of ships and leading to unprecedented disruption of energy supplies.The Liberia-flagged suezmax tanker Karolos…
