Ukrainian Drones Hit 20 Russian Vessels in Black Sea
Ukrainian drones struck 20 Russian vessels in the Black Sea overnight, including 17 oil tankers, the commander of Kyiv's drone forces said on Wednesday.On Telegram, Robert Brovdi said the targets included two gas tankers and a tugboat.(Reuters - Reporting by Anna Pruchnicka; Editing by Thomas Derpinghaus)
Oil Rises 2% as Middle East Hostilities Escalate
Oil extended gains by around 2% on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran's Islamic Revolutionary Guard Corps threatened to close "all other export corridors that benefit the U.S. and its allies".Brent futures LCOc1 climbed $1.71, or 2%, to $86.44 a barrel at 0806 GMT. West Texas Intermediate futures CLc1 gained $1.43, or 1.8%, to $80.77 a barrel.Oil…
Iran Warns More Seaways Could Close as US Reimposes Naval Blockade
Iran's Islamic Revolutionary Guard Corps has threatened to close "all other export corridors that benefit the U.S. and its allies", Iranian media reported, after Iran shut the Strait of Hormuz and the U.S. reimposed a naval blockade of Iranian ports."Regional energy exports are either shared by all, or denied to all," the IRGC said in a statement carried by Iran's IRNA state news agency on Wednesday.Analysts…
Damen to Deliver Two Tugboats to Seaspan
Damen Shipyards Group has signed a contract with Seaspan ULC for the delivery of two ASD Tugs 2813. The signing took place on May 19, at the International Tug and Salvage (ITS) Convention in Gothenburg, Sweden. The ASD Tugs 2813 will be the first Damen Tugs to enter the Seaspan fleet. The new tugs will be operated under the HaiSea Marine partnership, a joint venture between Seaspan and the Haisla Nation…
Yanbu Port Reaches Near Maximum Crude Shipments
Daily crude loadings at Saudi Arabia's Red Sea port of Yanbu are close to maximum levels this week as tensions with Yemen's Houthi militia intensify and the kingdom seeks to maximise oil exports, according to data and industry sources.Saudi Aramco, the world's largest oil exporter, has increased use of the Yanbu terminal since the U.S.-Israeli conflict with Iran began on February 28.Saudi Arabia is also considering expanding the capacity of its oil pipeline to the western Red Sea coast, enabling
Thyssenkrupp Steel Suspend Barges Due to Low Rhine Levels
Thyssenkrupp Steel has suspended shipping of raw materials to the western German city of Duisburg with its own vessels due to low water levels on the Rhine river, the company said on Tuesday.Thyssenkrupp Steel transports about 50,000 tons of iron ore and coal per day roughly 240 kilometres (149 miles) up the Rhine from Rotterdam to its Duisburg steel mill.Commodity traders said already on Monday that…
Trump Backs Off 20% Fee Idea for Hormuz
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SMM 2026 Highlights Maritime Careers, Opportunities
On September 3 and 4, the Maritime Career Market will provide an international platform for recruitment, career orientation and knowledge exchange across the maritime industry.The maritime industry is facing a challenge for the future: not only must it transform ships, ports and supply chains, it must also attract the people who will drive this transformation. While the industry is investing billions in decarbonization…
GABLER, FLANQ Complete Successful Sea Acceptance Test for USV
GABLER, a provider of submarine systems, and German defense technology company FLANQ have successfully completed the Sea Acceptance Test (SAT) demonstrating seaworthiness of their jointly developed Torpedo-Tube-Launched Uncrewed Surface Vessel (TTL USV) capability demonstrator.The demonstrator vehicle, named Ranger, combines GABLER's experience in mission-critical submarine components and defense manufacturing with FLANQ's capabilities in autonomous maritime systems…
PAE Maritime Awards VCM Contract to TOTE Services
TOTE Services, LLC, has been awarded a contract by the Portfolio Acquisition Executive for Maritime (PAE Maritime) to serve as Vessel Construction Manager (VCM) for the Medium Landing Ship (LSM) program.The LSM program is a multi-ship effort requiring coordination across U.S. shipyards, suppliers, designers, manufacturers, and government stakeholders. The program will require standardizing configuration across the fleet…
Boluda Corporación Marítima Inaugurates Rotterdam Headquarters
Boluda Corporación Marítima has officially inaugurated its Netherlands headquarters in Rotterdam, located in the city's Maritime Quarter, a location that will serve as the center of operations in Northern Europe through its subsidiaries Boluda Towage and Boluda Shipping.The building was officially inaugurated by Vicente Boluda Fos, Chairman of Boluda Corporación Marítima, accompanied by Vicente Boluda Ceballos…
Cavotec to Retrofit Container Vessels for Shore Power
Cavotec has signed an order valued at USD$8.02 million (EUR 7 million) with a global container shipping company to retrofit vessels for shore power.The order covers the retrofit of low- and medium-voltage container vessels with shore power technology. The retrofitting work will be carried out while the vessels remain in operation. The order was signed in the second quarter 2026 and delivery is expected during 2026.With this order means…
Marcura Acquires Fairway Maritime
Marcura has acquired the business assets of Fairway Maritime LLC, a US-based provider in demurrage and marine claims management. The acquisition follows those of HubSE and Shipdem, making Marcura Claims the industry’s largest laytime processor by volume. Marcura Claims spans self-serve laytime tools, AI-assisted claims processing and fully managed services across every major cargo segment.Fairway will be fully integrated into Marcura Claims.
FOBAS Fuel Quality Report Identifies Challenges with ISO-Compliant Fuels
Lloyd's Register (LR) has warned that ship operators are facing a growing risk from fuels that appear compliant under routine ISO 8217 testing but still present operational risks once onboard.According to LR’s latest Fuel Oil Bunker Analysis and Advisory Service (FOBAS) Fuel Quality Report, covering the first half of 2026, off-specification fuels remain a persistent challenge. However, some of the…
TECH FILE: Spray-Based Immersion Cooling to Boost Battery Safety
The Korea Institute of Machinery and Materials (KIMM) has unveiled what it says is the world's first spray-based immersion cooling technology for lithium-ion battery packs, a development that could improve thermal management and fire safety while dramatically reducing the amount of dielectric coolant required.Developed by a research team led by Dr. Jinsub Kim at KIMM's Heat Pump Research Center, the…
KR, HD Hyundai Complete Korea's First Ammonia Vessel Trial
Korean Register (KR) and HD Hyundai Heavy Industries (HHI) have completed a sea trial of South Korea's first ammonia dual-fuel propulsion vessel as part of a government-backed initiative to support the development of ammonia-fueled shipping.The trial was conducted under the Ministry of Oceans and Fisheries' Green Shipping Corridor Construction Support Project, which aims to establish a domestic operating environment for ammonia-powered vessels.According to KR…
DOF Lands Four-Year AHTS Vessel Deal
Norwegian offshore services provider DOF has received a letter of award for a four-year offshore contract valued between $100 million and $200 million, adding another long-term assignment to its vessel fleet.The company will deploy the anchor handling tug supply (AHTS) vessel Skandi Hera on the contract, with operations expected to begin between late 2026 and early 2027.In addition to vessel services…
Gulf of America Logistics Names New CEO
Louisiana-based logistics company Gulf of America Logistics (GoAL) has appointed Mike Camara as chief executive officer (CEO), effective immediately, while he continues to serve as the company's president.Camara assumed the role of President in February 2026 and has since overseen GoAL's operations across the energy, power, industrial and data center sectors.The leadership change comes as Louisiana continues to attract major industrial investment.According to Louisiana Economic Development…
Iranian Missiles Hit Two UAE Oil Tankers, One Person Dead
One Indian crew member was killed and eight others were wounded when two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz, the United Arab Emirates Ministry of Defence said on Tuesday, in the latest escalation in the strategic waterway.Abu Dhabi National Oil Company's shipping arm ADNOC L&S later confirmed the very large crude carriers (VLCCs) Mombasa B and Al Bahiyah…
UKSR to Embark on 4th Mission to Survey Deep Sea Minerals
Glomar Minerals, Inc., an American seabed minerals company, announced that its wholly owned subsidiary UK Seabed Resources Limited (UKSR) will embark on its fourth major exploration campaign to the Pacific Clarion Clipperton Zone (CCZ) this week.Nodules found within the Company’s two CCZ license areas are rich in manganese, cobalt, nickel, copper, and rare earths—minerals critical to defense, aerospace, energy, and modern manufacturing.
