MarAd's Carmel: Great Lakes are Central to America's Maritime Revival
CHICAGO — July 30, 2026 — The United States cannot rebuild its maritime strength by focusing solely on its ocean coasts. Instead, the nation's industrial resurgence depends on recognizing the Great Lakes as one of America's five maritime coastlines and leveraging the region's unmatched manufacturing ecosystem, according to U.S. Maritime Administrator Stephen M. Carmel.Speaking at the American Great Lakes Ports Association's annual meeting in Chicago today…
Security Concerns About Suez Oil Rise After Tanker Drone Strike in Egypt
A drone strike that damaged two gas tankers in Egyptian waters has renewed energy security concerns about the nearby Suez Canal and a related pipeline, a vital export route for Saudi Arabian oil since the beginning of the Iran war.Even as Iran and its Houthi allies have fired on tankers transiting the Strait of Hormuz and Bab el-Mandeb, Egypt's Suez Canal and Sumed pipeline continued to offer safe…
Gulf Markets Ease as US, Iran Hostilities Resume
Major Gulf bourses ended lower on Thursday as investor sentiment weakened amid mounting concern over escalating hostilities between the U.S. and Iran. The U.S. military said it struck dozens of Islamic Revolutionary Guard targets in Iran, including military command centres and drone facilities, in a two-hour operation launched after Tehran fired ballistic missiles at U.S. forces in the Middle East.On Wednesday…
Saudi Arabia Launches Multinational Maritime Defense Coalition Plans
Saudi Arabia on Thursday unveiled plans for a multinational maritime defence coalition aimed at protecting international shipping and energy supply routes in the Red Sea region after attacks by Yemen's Iran-aligned Houthis disrupted one of the world's busiest trade corridors.The Saudi defence ministry said representatives from 43 countries and the European Union attended an international meeting that discussed the proposed coalition…
DOF Group Awarded Two AHTS Vessel Contracts
DOF Group ASA has been awarded firm contracts with a duration of more than 1 year and expected commencement in Q1 of 2027 for two of its AHTS vessels. The expected value of each contract is Significant, which DOF defines as contracts with value between USD$15 and 25 million.
Seanergy Maritime Shares Q2, H1 Financial Results
Seanergy Maritime shared their second quarter and first half 2026 financial results. Highlights include: Financial Performance & Consistent Shareholder Returns — $108.4 Million Returned Since Program InceptionRecord Q2 and H1 profit of $26.2 million and $35.9 million, respectively, up from $2.9 million net income and $4.0 million loss in the prior-year periodsQuarterly cash dividend of $0.35 per share, the Company’s 19th consecutive cash dividend; payout of approx.
Resolve Marine Announces New Tacoma, Washington Facility
Resolve Marine, a provider of marine solutions, has moved its Pacific Northwest (PNW) facility to a new location on the Foss Waterway in Tacoma, Washington. The new waterfront facility address is 700 E D Street, Tacoma, WA 98421. This location provides operational advantages, including dedicated dock space, expanded yard capacity, and upgraded equipment to support a growing range of marine services…
Travis Niederhauser Appointed Company President at Phoenix
Phoenix International Holdings (Phoenix) announced the appointment of Travis Niederhauser to the position of company President effective August 1, 2026. Travis is replacing Patrick Keenan who is joining the company's board of directors after having served as President for ten years.Travis received a BA in Geography (Concentration in GIS, Cartography, and Remote Sensing) from the University of Hawaii…
Hybrid Mobile Harbor Crane Commissioned for Port of Gulfport
SSA Marine and the Mississippi State Port Authority at Gulfport (Port of Gulfport) announced the commissioning of a new Liebherr LHM 550 hybrid mobile harbor crane at the Port, along with $1.6 million in state grant funding that will enable the electrification of the crane.The crane has a lift capacity of 124 metric tons and will be SSA Marine’s second LHM 550 in operation at the Port of Gulfport.
Boskalis Windpiper Converted into Subsea Rock Installation Vessel
Vuyk Engineering provided the basic design for Boskalis to convert the Windpiper into a 45,000+ ton subsea rock installation vessel.Originally built for a different purpose, the Windpiper has been converted to execute offshore rock installation activities, with a cargo capacity above 45,000 tons, making it the largest vessel in this segment.The design centers on a tower mounted inclined fall pipe system used to guide rock from vessel to the seabed.
China Patrols South China Sea Shoal
China's military and coast guard conducted patrols in the airspace and waters near the disputed Scarborough Shoal in the South China Sea on Thursday, separate statements showed.Tensions have recently flared between China and the Philippines amid repeated maritime disputes and confrontations in the South China Sea, which China claims almost entirely as its own despite overlapping claims by Southeast Asian nations.China's Coast Guard said in a statement it took necessary measures, including a verb
OCIMF Publishes Advice for Track Guidance Assistant Systems
The use of Track Guidance Assistant for Inland Navigation (TGAIN) systems is growing across Europe's inland waterways. OCIMF has published guidance to support the safe implementation and operation of TGAIN systems. While TGAIN technology has the potential to improve steering accuracy, reduce operator workload and enhance fuel efficiency, legislation governing its use will only be active from January 1, 2028, despite reports of near misses and incidents attributed to use of the technology.
Sanmar Delivers 16th Tug to SAAM Towage
Sanmar Shipyards has delivered a new Bogaçay Class tugboat to SAAM Towage, increasing the number of SANMAR-built vessels operating within the company's fleet to 16.Renamed SAAM HUNABKU, the new tug is based on the RAmparts 2400SX-MKIl design developed exclusively for SANMAR by Canadian naval architects Robert Allan Ltd. Following her handover at Sanmar Shipyards on July 14, 2026, the vessel will begin operations at Puerto Quetzal, Guatemala.
BMT Acquires Naval Architect One2three
BMT has acquired Australian naval architecture business One2three Naval Architects, expanding BMT’s ability to support customers delivering vessel programs across international markets and broadens its strengths in maritime design across ferries, specialist craft, autonomy and advanced vessel technologies.The acquisition brings together complementary maritime design expertise and strengthens BMT’s position as a global maritime design and technical consultancy.
Victor Introduces Journeyman Backpack Utility Kit
Victor, an ESAB brand, has introduced its Journeyman Backpack Utility Kit to organize and protect Victor’s heavy-duty outfit for oxy-fuel cutting, heating and welding. The Journeyman Backpack Utility Kit features a CA 2460+ cutting attachment, WH 315FC+ welding handle, cutting tip, tip cleaner, striker, cutting glasses, hose, and EDGE 2.0 oxygen and fuel regulators. The available deluxe model also contains an 8-MFA heating nozzle.
Singapore Issues Eight New LNG Bunkering Licenses
Singapore has issued eight new licenses to supply liquefied natural gas as a marine fuel in Singapore from September 1, 2026, the Maritime and Port Authority of Singapore said on Thursday.The new licences will expand Singapore's LNG bunkering capacity to meet growing demand expectations and support a multi-fuel bunkering hub.The licences were awarded to companies including Aramco Trading Singapore, Equatorial Marine Fuel Management Services, ExxonMobil Asia Pacific, PetroChina International Sing
Egypt Confirms Drone Hit Damietta Gas Vessels
A drone caused the fire that engulfed two gas vessels at Egypt's Mediterranean port of Damietta, the Egyptian cabinet said on Thursday, confirming for the first time that the blaze which erupted a day earlier was the result of an attack rather than an accident.No party has claimed responsibility, and authorities were continuing their investigations and taking necessary measures to protect Egypt's national security…
Oil Climbs as US Resumes Military Strikes on Iran
Oil prices rose for a second day on Thursday as renewed attacks between the United States and Iran disrupted oil flows through key shipping routes.Brent futures LCOc1 rose $1.06, or 1.17%, to $91.80 a barrel as of 0812 GMT after touching a low of $89.02 in the session.U.S. West Texas Intermediate (WTI) crude CLc1 gained 39 cents, or 0.46%, to $84.85 a barrel after hitting a session low of $83.21.Geopolitical tensions continued to simmer after the U.S.
QatarEnergy LNG Tanker Exits Hormuz for First Time in Weeks
A QatarEnergy-controlled liquefied natural gas tanker exited the Strait of Hormuz overnight, the first such vessel recorded by ship-tracking data leaving the waterway since July 11, data from analytics firms showed on Thursday.The Al Areesh, which loaded a cargo at Qatar's Ras Laffan terminal around July 4 to July 6, sailed on July 29 from the strait blockaded in the Iran war, data from Kpler and LSEG showed.LSEG data shows it is currently heading to Port Qasim in Pakistan…
