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The U.S. military fired missiles to disable a Panama-flagged cargo ship Tuesday after the vessel allegedly ignored repeated warnings to stop while attempting to violate the U.S. naval blockade of Iranian ports.U.S. Central Command (CENTCOM) said a U.S. Navy MH-60 helicopter fired two Hellfire missiles at the engine room of Vela Nova, disabling the vessel’s steering capability.“As of Aug. 11, CENTCOM has redirected 55 commercial vessels attempting to run the blockade, disabled 3 non-compliant vessels…

German companies are reporting growing disruption from Rhine water levels that have hit record lows, with chemical producers, utilities, steelmakers and agricultural traders warning of higher costs, transport bottlenecks and curbed production.While Germany has not yet suffered the widespread production outages experienced during previous Rhine crises, traders said on Tuesday that it was no longer possible to book some cargo shipments after weeks of drought and companies are increasingly reporting operational issues.Chemicals company Covestro said the lack of transport capacity could not be off

Four crew members were killed in an attack by Iran-backed Houthis on a small cargo ship in the Bab el-Mandeb strait on Tuesday, Yemen's transport ministry said, while sources reported a missile attack on a container ship off Pakistan in a suspected U.S. strike.The fatalities aboard the Egyptian-owned Tihamah, if confirmed, would mark the first deaths in a Houthi strike on shipping since the Iran war began on February 28. The Houthis have not claimed the attack.Three Pakistanis and one Indonesian were killed…

The Strait of Hormuz will remain closed as long as the U.S. does not change its behaviour and accept Iran's conditions to end the war, the newly appointed secretary of Iran's Supreme National Security Council said on Tuesday.His comments are the strongest indication so far that any deal in talks with Oman over the waterway would not immediately reopen it to shipping if the U.S. does not also abide by its commitments in a memorandum of understanding towards ending the conflict…

Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market.Austal shares rose more than 16%, logging their best intraday jump since mid-February. The stock was the top gainer on the benchmark ASX 200 index .AXJO, which traded 0.2% higher as of 0125 GMT.Hanwha Defence USA offered to buy Austal's U.S. entities and operations for $1.05 billion to $1.20 billion, a move that would deepen its push into the U.S.

Training Ship State of Maine, the third of five National Security Multi-Mission Vessels built for the U.S. state maritime academies, seen at Maine Maritime Academy in Castine, Maine.

The U.S. government has sold for scrap two sanctioned oil tankers that were seized in the days after Washington's raid on Venezuela, Lloyd's List reported on Monday.Dubai-headquartered vessel recycling firm Global Marketing Systems purchased the tankers last month for an undisclosed sum, according to the report.The sale included the Era, previously operating as Marinera and Bella 1, and the Lileo, previously sailing as Galileo and Veronica, the report said. The tankers will be demolished in scrap yards in India.“The U.S.

U.S. officials on Monday said they are working closely with foreign investors to identify gaps in the U.S. manufacturing supply chain and to help small- and medium-sized businesses scale up to meet rising demand as foreign investments surge.Assistant Secretary of the Treasury Chris Pilkerton and Small Business Administrator Kelly Loeffler told Reuters that U.S. President Donald Trump's tariffs on foreign imports and deregulation were fueling foreign investments in manufacturing…

WireCo® has appointed Luis Padilla as Chief Operating Officer, North America, reporting to Chief Executive Officer Keith White.Padilla will lead WireCo’s North American business, with responsibility for advancing operational performance, manufacturing excellence and execution across the region. He will also play a central role in strengthening the company’s ability to serve customers, support profitable growth and build greater consistency across its North American operations.“Luis brings a rare combination of deep industry knowledge…

Descartes Systems Group has released its August Global Shipping with figures indicting that July 2026 U.S. container import volumes increased 4.5% over June to 2,508,310 TEUs, reflecting typical month-over-month seasonal growth.July U.S. containerized imports from the top 10 countries of origin increased 4.9% month-over-month for a combined increase of 83,706 TEUs. China recorded the largest volume gain, increasing 58,655 TEUs (7.2%) to its highest monthly total since July 2025.Other notable increases came from Hong Kong…

The Royal Australian Navy is reaffirming its commitment to reconciliation and strengthening partnerships with Aboriginal and Torres Strait Islander peoples with the launch of a new five-year plan.Launched on the International Day of the World's Indigenous Peoples, the Djalkiri – Foundational Footsteps: Navy Indigenous Action Plan 2026-2031 outlines how Navy will deepen cultural understanding, bolster community partnerships and create opportunities for Aboriginal and Torres Strait Islander peoples.The plan includes actions to expand Indigenous recruitment and career pathways…

President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic maritime industry, the White House said.The extension, finalized on Monday, comes as the war with Iran disrupts global crude flows and pushes up fuel costs, increasing pressure on the administration to find ways to ease…

OPEC oil output rose further in July, a Reuters survey found, as Gulf members restored supplies that were shut due to the Iran war and effective closure of the Strait of Hormuz.Output by the 11-member Organization of the Petroleum Exporting Countries rose by 1.17 million barrels per day month-on-month to 19.85 million bpd, the survey found.That extended the recovery from May, which was the lowest monthly figure since at least 2000, according to Reuters surveys, and also well below…

Oil prices jumped 3% on Monday after Iran said the U.S. must lift sanctions on Tehran, pay reparations and meet a number of other conditions before the Strait of Hormuz is reopened.Brent crude futures were up $2.48, or 3%, at $86.03 a barrel by 10:44 a.m. EDT (1444 GMT). U.S. West Texas Intermediate crude futures were up $2.43, or 3.1%, at $80.61.Both benchmarks fell more than 7% last week on hopes that Iran and Oman were close to reaching a deal that would result in a reopening of the strait…

Marking a new chapter for British marine water and waste specialist Hamworthy, CEO Fraser Scott reflects on how environmental systems have evolved from check-box auxiliary equipment into essential infrastructure at the heart of modern shipping.When we reintroduced the Hamworthy name to the maritime industry in June, I found myself reflecting on everything that has changed during our 14 years as the water and waste systems division of the Wärtsilä Group. Hamworthy and Serck Como have been part of the marine environmental systems industry for decades…

From the killer shark of "Jaws" to the tornado-tossed predators of the "Sharknado" movies, films long have portrayed sharks as objects of summer fear. But when a shark cuts through the waters off the U.S. East Coast, it now may be doing more than hunting. It may also be gathering data that helps scientists understand the potential intensity of a hurricane before it makes landfall.University of Delaware researchers are testing whether sharks can serve as mobile near-real-time ocean-data observers…

The U.S. Coast Guard coordinated the rescue of 22 crew members from the Marshall Islands-flagged vehicle carrier Min Jiang Kou after the ship experienced a fire approximately 630 miles south of Costa Rica on Thursday.At 1:09 p.m., Coast Guard Southwest District watchstanders received an Inmarsat distress alert indicating an engine room fire onboard. Watchstanders established contact with the ship’s manager, who reported the crew activated the vessel’s carbon dioxide fire suppression system…

Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions, including compensation and an end to sanctions and military threats, before the strategic waterway is reopened.A U.S. official told Reuters on Friday that Iran and Oman were close to a deal that could pave the way for restoring safe passage through the strait, a major conduit for oil and gas shipping before Iran blocked Hormuz in response to U.S.

Beier Integrated Systems announced the following changes to its Executive Leadership Team. Karl Beier will transition from his current role as President and Chief Executive Officer (CEO) to serve as Chairman of the Board. As Chairman, Karl will continue to provide strategic guidance and support to the organization. Kory Beier has been appointed President and Chief Executive Officer (CEO). In this role, Kory will lead the company's strategic direction, drive operational excellence…

TOTE Services, LLC, a leading U.S. maritime services company specializing in vessel construction management and ship management, hosted more than 30 commercial shipbuilders, equipment manufacturers, marine suppliers, and defense contractors from over a dozen states across the country for its Medium Landing Ship (LSM) Industry Day.The Industry Day serves as the foundational step in assembling a reliable, nationwide supply chain to support multi-yard construction and ensure cost and schedule discipline.Attendees learned about the project timeline…

Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz, as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed rules.Brent crude futures LCOc1 were up 85 cents, or 1.03%, at $83.34 a barrel by 0634 GMT. U.S. West Texas Intermediate futures CLc1 rose 52 cents, or 0.67%, to $77.81.Oil futures settled up more than $3 a barrel on Thursday as Iran reviewed a bill to ban U.S.

ADNOC Logistics & Services (ADNOC L&S) has agreed to acquire 11 tankers for approximately $1.3 billion, expanding its crude oil and liquefied petroleum gas (LPG) shipping capacity to support ADNOC Group's growing production, trading and export activities.The acquisition comprises five very large gas carriers (VLGCs) and six very large crude carriers (VLCCs). Nine vessels - six VLCCs and three VLGCs - were acquired on the secondary market and are scheduled for delivery in the third quarter of 2026…

HII announced long-term performance-based production agreements with High-Yield Production Robotics (HYPR) team members GrayMatter Robotics and Path Robotics. The signed agreements are designed to accelerate the development and deployment of advanced physical AI automation across U.S. Navy shipbuilding programs, including aircraft carriers, submarines, destroyers, amphibious ships, future frigates and unmanned surface vessels.Under the agreements, HII intends to award up to $900 million in total shipbuilding work to Path Robotics and GrayMatter Robotics across seven years…