US Lawmakers Press Treasury Secretary on LNG Tanker Tax Credits
A group of Democratic U.S. senators on Tuesday pressed Treasury Secretary Scott Bessent on whether enormous tankers that ship liquefied natural gas qualify for a lucrative tax credit meant for smaller boats that burn the fuel.Here are details about the issue.The Alternative Fuel Excise Tax credit, signed by former President George W. Bush in 2005, was meant to decrease oil dependence by subsidizing a transition among smaller motorboats to alternative fuels…
Wilson Sons to Represent Brazilian Port Industry at Intermodal South America
Wilson Sons operates in the port and shipping logistics industry throughout Brazil, boasting more than 188 years of experience. They offer solutions to over 5,000 clients, including shipowners, importers and exporters, the offshore energy industry, renewable energy projects, the agribusiness sector, as well as other players across various economic segments. Engaged in the continuous pursuit of new technologies…
EcoNavis Introduces New Flettner Rotor Technology to Further Wind-Assisted Propulsion
EcoNavis Solutions is developing a next generation wind-assisted propulsion system designed to enhance the performance and commercial viability of Flettner-type rotor sails for deep-sea shipping. The company’s Eco Rotor Sail introduces a patented tail-appendage device designed to increase thrust, reduce power demand, and widen the range of wind angles in which rotor sails can operate efficiently.Flettner rotors…
Jan De Nul Launches Second Giant Cable Laying Vessel
Belgian marine contractor Jan De Nul has launched its second next-generation cable laying vessel (CLV), William Thomson, as it expands capacity to support growing offshore wind and grid interconnection projects.The William Thomson vessel follows the earlier launch of its sister ship Fleeming Jenkin in October 2025, with both units set to become the largest cable-laying vessels of their kind.Both vessels…
US Coast Guard Rescues Stranded Family After Seven Days at Sea
The United States Coast Guard (USCG) has rescued a family of three who had been missing for seven days in waters off the Federated States of Micronesia.The crew of the USCGC Midgett located the family on April 6 after authorities reported the vessel overdue following its departure from Fananu Island on March 30.The 23-foot skiff, carrying two men and one woman, had suffered an engine failure during what was intended to be a short journey to Murillo Island…
SDHI Books Order for Four Ammonia Dual-Fuel Bulk Carriers
Swan Defence and Heavy Industries Limited (SDHI) has secured an order from Energy ONE Limited to build four ammonia dual-fuel bulk carriers, marking the first such vessels to be constructed in India.The contract covers four 92,500-deadweight tonne bulk carriers, which will be among the largest commercial ships built at an Indian yard, the company said.The vessels will measure about 229.5 meters in length with a beam of 37 meters and will be equipped with ammonia-fueled propulsion systems.
RINA, Hanwha Team Up to Develop Battery-Hybrid Propulsion Systems
RINA has signed a memorandum of understanding (MoU) with South Korea’s Hanwha Group to promote the adoption of battery-hybrid propulsion systems in the maritime sector.The agreement involves Hanwha affiliates Hanwha Power Systems, Hanwha Aerospace and Hanwha Engine, and targets the development of hybrid propulsion solutions for both newbuild vessels and retrofits, with a focus on the roll-on/roll-off…
KR Adds AI Tools to Maritime Compliance Platform
Korean Register (KR) has launched an upgraded version of its maritime conventions database, adding artificial intelligence (AI)-powered features to help shipowners navigate increasing regulatory complexity.The organization said Version 24 of its KR-CON platform introduces enhanced search functionality and a restructured classification system, aimed at improving access to international maritime regulations.The…
CPC Oil Exports via Black Sea Stable After Attack Reports
Kazakhstan's energy ministry said on Tuesday that oil shipments via the Caspian Pipeline Consortium were stable after Russia's military accused Ukraine of damaging loading facilities belonging to the group in the Black Sea.Russia's Defence Ministry said on Monday that Ukraine had attacked facilities at the maritime transhipment complex in the port of Novorossiysk overnight, damaging a mooring point…
Russia’s Yamal LNG Resumes Shipments to China After Months-Long Gap
Yamal LNG, controlled by Russia's largest liquefied natural gas producer Novatek, has sent its first cargo to China since last November, LSEG data showed on Tuesday, weeks before the gradual enforcement of Europe's ban on Russian LNG imports.The project, located on the Yamal peninsula in the Arctic, has previously mostly exported its frozen gas to Europe.President Vladimir Putin said last month his country could divert gas away from Europe…
Oil Shoots Over $110 as Trump's Iran Deadline Looms
Global stocks wavered on Tuesday, while oil prices were perched above $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.Markets have been rattled since the U.S.-Israel war on Iran broke out at the end of February, with Tehran effectively closing the Strait of Hormuz, a key global oil transit…
IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is "more serious than the ones in 1973, 1979 and 2022 together", Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro newspaper."The world has never experienced a disruption to energy supply of such magnitude," he said in an interview with the French newspaper released in its Tuesday edition.He said the European countries…
CMA CGM Promotes PharmaBox for Humanitarian Aid
The CMA CGM Foundation has presented its PharmaBox at an industry trade show.The PharmaBox is a humanitarian innovation designed to store, secure, and preserve medicines in crisis zones.Global humanitarian needs have nearly tripled over the past 10 years, according to the United Nations High Commissioner for Refugees, in a context marked by increasingly frequent and complex crises. In response, logistics has become more critical than ever to humanitarian action…
Virgin Voyages Now Sailing from Port of Los Angeles
Virgin Voyages has started a new West Coast itinerary sailing from the Los Angeles Cruise Terminal, with its newest ship, Brilliant Lady, making the Port of Los Angeles its homeport this spring.“Virgin Voyages brings a fresh, contemporary cruise product to Los Angeles, and we’re proud to welcome them as a new homeport partner,” said Port of Los Angeles Executive Director Gene Seroka. “With these well-crafted itineraries…
Jones Act Waiver Not Boosting Oil Flows Within U.S.
U.S. President Donald Trump's move allowing foreign-flagged cargo ships to move fuel and other goods between domestic ports has so far had little impact on American oil supply, according to trade data and analysts who noted that U.S. refiners and shippers are earning more profits sending fuel overseas.Last month, Trump waived Jones Act limitations for 60 days starting March 17, hoping the move would help tame the surge in fuel prices caused by the Iran war by increasing shipments from the U.S.
Port Milwaukee Celebrates Start of 2026 International Season With First Vessel Arrival
Port Milwaukee welcomed the Marshall Islands-flagged Federal Nagara as the first vessel of the 2026 international season on Friday, April 3.The Federal Nagara arrived at the Logistec terminal to unload specialty steel products following its transit through the St. Lawrence Seaway from Spain and Belgium, where it was loaded. The St. Lawrence Seaway locks opened for the season on March 22, connecting the Great Lakes to the Atlantic Ocean. The St.
Ports of Indiana-Burns Harbor Welcomes the First Vessel of the International Shipping Season
Ports of Indiana-Burns Harbor celebrated the start of the 2026 international shipping season Saturday with the arrival of the Ocean7 Ranger. The ocean vessel completed a 52-day voyage carrying equipment for facility improvements at U.S. Steel Gary Works, the largest integrated steel mill in North America.The 2026 opening of the St. Lawrence Seaway to ocean vessels marked one of the shortest winter closures in history, totaling just 69 days from Jan.
Gulf Coast Shipbuilding is the Anchor for America’s Maritime Comeback
The future of shipbuilding and maritime competitiveness will be featured at the Maritime Risk Symposium 2026, hosted by the Institute for Homeland Security, Sam Houston State University. On June 2–3 at LyondellBasell Center for Petrochemical, Energy and Technology in Pasadena, Texas, leaders from industry and academia will examine the strategy, workforce, investment, and partnerships needed to advance America’s maritime comeback.A new era in American shipbuilding is emerging—and the U.S.
Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the state's registry of authorised companies, amid a shortage of gas tankers due to sanctions.Ilya Lushchikov, who is also head of Novatek's Murmansk LNG project, is in charge of the new company, called Severny Inzhiniring, or Northern Engineering, which was set up on March 25, according to the registry.Novatek did not reply to a request for comment.Weste
Oil Prices Fall as US, Iran Consider Ceasefire Proposal Framework
Oil prices retreated in choppy trade on Monday, as investors awaited clarity on the status of indirect talks between the U.S. and Iran, wary about sustained supply losses due to shipping disruptions.Brent crude futures were down 0.22% to $108.79 a barrel at 11:49 a.m. CDT (1649 GMT). U.S. West Texas Intermediate crude futures were trading down 0.08% to $111.45 per barrel.The price moves on Monday were…
