Ship Recycling Pauses for Eid
Eid al-Fitr has arrived to greet the world's ship recycling markets this week, and as is tradition, it came bearing the gift of silence, reports cash buyer GMS. “From Chattogram to Gadani, Alang to Aliağa, the holy festival has pressed pause on an industry that was already beginning to feel the compounding weight of war, currency volatility, and a stubborn absence of fresh tonnage offerings.”The ongoing conflict in the Middle East…
Port of Oakland: Exports Continue to Outperform Imports
The Port of Oakland processed 163,254 TEUs in February 2026, a 16.7% decline from January and a 14.5% decrease year over year, as vessel activity slowed due in part to observation of the Lunar New Year.Vessel calls declined from 86 in January to 72 in February, due partially to planned blank sailings tied to factory closures during Lunar New Year. Blank sailings are pre-scheduled vessel cancellations used by carriers to align capacity with demand.Despite fewer ship arrivals…
Fred. Olsen 1848 Completes Pilot Installation of Tension Buoy
Fred. Olsen 1848 has completed a pilot installation of four automatic Tension Buoy units at the EDP Floating PV Lab, Europe’s first open-access laboratory dedicated to testing technologies for floating and hydro solar power generation.With water levels that rise and fall by as much as 50 meters, this Portuguese dam lake is a great testing ground for the adaptive mooring system, says the company.Tension…
Aker Solutions Wins FEED Contract for Lithuania CO₂ Terminal
Aker Solutions has been awarded a front-end engineering and design (FEED) contract by KN Energies to support the development of the company’s CO₂ transshipment terminal infrastructure project in Klaipėda, Lithuania.The project forms part of the CCS Baltic Consortium, which aims to develop the first cross-border carbon capture, transport, and storage (CCS) network in the Baltic region. The Klaipėda…
Iran Trades Threats with Trump
Iran said on Sunday it would strike the energy and water systems of its Gulf neighbours in retaliation if U.S. President Donald Trump follows through with a threat to hit Iran's electricity grid in 48 hours, escalating the three-week-old war.The prospect of tit-for-tat strikes on civilian infrastructure could deepen the regional crisis and further rattle global markets when they reopen on Monday morning.Air raid sirens sounded across Israel from the early hours of Sunday…
DCA’s Doyle Delivers Vigorous Jones Act Defense at Dredger Christening
In a maritime market increasingly defined by volatility, from war in the Middle East and the resulting whiplash freight and energy rates, William Doyle chose a moment of celebration in New Orleans to deliver a message grounded in something far less fashionable: stability.Speaking at the March 21 christening of Frederick Paup, a 15,000-cubic-meter trailing suction hopper dredge built for Manson Construction…
