Wasaline Reports Record Passenger Increase in February
Wasaline reports its best February since operations began in 2013. A total of 18,191 passengers travelled with the company during the month, representing an 11 percent increase compared with the same period last year.One contributing factor to the increase is the concept of ice cruises, which have proven very popular. Several groups from Europe have chosen to travel with Wasaline to experience the…
BIRNS Announces New Engineering Manager
Cable, connector and lighting company BIRNS, Inc. has appointed Sophia Bruner as the company’s new Engineering Manager.She leads BIRNS’ cross-functional engineering teams, overseeing the design, development, and scaling of products to achieve quality, cost, and delivery objectives. She is also responsible for planning, directing, and coordinating all design and manufacturing engineering activities.With more than 30 years of expertise across manufacturing…
Germany's TKMS Submits Non-Binding Offer for Canada Submarine Tender
Warship builder TKMS has submitted a non-binding offer along with Norway for a multi-billion-dollar submarine contract from Canada, a company spokesperson told Reuters on Tuesday.The offer consists of around 1,500 pages and is supported by the governments of both countries.TKMS is one of two companies shortlisted by Canada to supply up to twelve modern submarines. Its competitor is Hanwha Ocean 042660.KS…
Cruise Shipping: Seatrade Cruise Global Debuts Wellness Oasis
~New immersive hub will infuse wellness programming throughout the conference and create a platform for new voices, innovations and experiences across the cruise ecosystem~Seatrade Cruise Global, the largest and longest-running event of its kind serving the international cruise industry, has announced the debut of the first-ever Wellness Oasis — a new, dedicated hub designed to explore the future of wellness at sea through immersive programming…
US Navy Says Escorts Not Possible but Destroys Mine-Layers
The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, according to sources familiar with the matter.The Navy's assessments spell continued disruption to Middle East oil exports and reflect a divergence from President Donald Trump’s statements that the U.S.
Drone Strike Sparks Fire at ADNOC’s Ruwais Industrial Complex
Abu Dhabi state oil giant ADNOC has shut its Ruwais refinery, a source said on Tuesday, after a fire broke out at a facility within the complex following a drone strike, the latest disruption to energy infrastructure due to the U.S.-Israeli war on Iran.Abu Dhabi authorities were responding to a fire at the facility following a drone attack, the emirate's government media office said on Tuesday, adding there were no injuries.
Jan De Nul Selects Ulstein Design for New Trenching Vessel
Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the company’s offshore fleet.The vessel, scheduled for delivery in 2028, will be based on a proven subsea vessel platform adapted to support large-scale trenching operations.Subsea trenching involves creating protective channels on the seabed to bury pipelines, power…
'Quality' Coal Rallies as LNG Spikes
The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than doubled last week as the market digested the loss of nearly 20% of the global supply of the super-chilled fuel after the U.S. and Israeli strikes on Iran effectively closed the Strait of Hormuz…
ABB inks Deal for Orange Marine Cable Repair Newbuilds
ABB has won a contract to deliver a fully integrated electrical power, propulsion and automation system for two hybrid-electric cable repair vessels being built for French shipowner Orange Marine at Colombo Dockyard PLC in Sri Lanka.The vessels, scheduled for delivery in 2028 and 2029, will support submarine cable maintenance operations across the Atlantic and Indian oceans as well as the Mediterranean, Black and Red seas.
SYNAPSIS integrates AEGIS Combat System
New software module enables seamless, low risk integration between navigation and combat systems Anschütz introduced a major enhancement to its SYNAPSIS integrated navigation platform. A newly developed, defined data interface now connects SYNAPSIS to the Gigabit Ethernet Data Multiplex System (GEDMS), the navigation information distribution network used aboard vessels equipped with the AEGIS Combat System.
N-Sea Expands Fleet with Offshore Support Vessel Newbuild
N-Sea Group has entered into a long-term charter agreement with Rederij Groen for the newbuild offshore support vessel Dominus, which is being constructed by PASSER at Shipyard De Hoop in Tolkamer, the Netherlands.Construction of the vessel is underway following a keel-laying ceremony held in the final week of February. Delivery of the vessel is scheduled for April 2027.The vessel will measure about 69.85 meters in length with a beam of 15.77 meters and a draught of 4.5 meters.
Oil Drops 7% After Trump Predicts War Could End Soon
Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies.Brent futures LCOc1 fell $6.79, or 6.9%, to $92.17 a barrel at 0840 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was down $6.55, or 6.9%, to $88.22 a barrel.
Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade
Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery, where normally roughly 20% of the world's oil would pass through daily. Iran's Revolutionary Guards said on Tuesday they would not allow "one litre of oil" to be shipped from the Middle East if U.S.
Trump Threatens to Escalate Iran War, But Says It Could End Soon
U.S. President Donald Trump on Monday threatened to escalate the war with Iran if it blocked oil shipments from the Middle East, even as he predicted a quick end to the conflict.Trump's warning came at the end of a day that saw global financial markets seesawing on concerns that Iran's security establishment was rallying behind new Supreme Leader Mojtaba Khamenei and was not prepared to back down any…
Trump Weighs Easing Russia Sanctions
U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at curbing spiking global oil prices amid the Iran conflict, according to multiple sources.The deliberations reflect White House worries that the surge in oil prices following more than a week of U.S. and Israeli strikes on Iran will hurt U.S. businesses and consumers ahead of the November midterm elections…
Iran Says Countries that Expel US, Israel Envoys Can Pass Strait of Hormuz
Iran's Revolutionary Guards said any Arab or European country that expels the ambassadors of Israel and the U.S.
US Undiscovered Offshore Reserves Could Maintain Supply for 100 Years
The Bureau of Ocean Energy Management has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the U.S. Outer Continental Shelf (OCS).The National Assessment, published every five years, represents BOEM's current understanding of the…
Hong Kong Shipowners Association Supports National Initiatives
The Hong Kong Shipowners Association (HKSOA) welcomes the national plan and the central government work report delivered at the opening session of the National People’s Congress, which underlined, once again, the importance of consolidating Hong Kong’s status as an international financial, shipping and trade centre.Hong Kong’s economic success has its origins in shipping and trade which as promoted…
Tsuneishi Acquires GTT Repair License
Tsuneishi Yura Dockyard has completed the prescribed technical training and consequently obtained an Approved Repair Yard license from GTT.GTT’s membrane containment systems currently equip approximately 85% of the LNG carrier fleet in operation worldwide.To date, Tsuneishi has focused on repair work for MOSS-type LNG carriers, accumulating a total of 108 completed vessels since the first one in 1982.
Ferry Switch to Bio-LNG Significantly Reduces CO2 Emissions
German ferry operator TT-Line has revealed that its ro-ro passenger vessels, Nils Holgersson and Peter Pan, successfully operated on bio-LNG during 2025, enjoying a significant emissions reduction.The 230-metre vessels were commissioned in 2022 and 2023 respectively and are powered by 2 × 8L51/60DF + 2 × 6L51/60DF engines each. They trade in the Baltic Sea between Germany, Sweden, Poland and Lithuania.TT…
