Port Tampa Bay Receives $10m Federal Investment to Strengthen Supply Chain, Regional Economy
U.S. Rep. Kathy Castor joined Port Tampa Bay leadership to announce $10 million in federal funding to support the Tampa Harbor Navigation Improvement Project, an investment that will enhance navigation safety, expand cargo capacity and strengthen supply chains across Florida.The funding included $3 million secured by Rep. Castor through Fiscal Year 2026 community project funding requests to advance Phase 1 planning, engineering and design. In addition, Rep.
George Whittier Returns to CEO Role at Fairbanks Morse Defense
Fairbanks Morse Defense (FMD) announced that George Whittier is returning to lead FMD as its Chief Executive Officer. Across the defense and industrial sectors, Whittier is recognized as a trusted and highly respected leader. Having spent more than a decade at FMD, including six years as its CEO, Whittier is situated to lead the company through this pivotal period as he brings a deep understanding of the business and its critical role within the defense industrial base.
Orsted: Middle East Energy Crunch Rejuvenates Europe Offshore Wind Push
The Middle East war is giving fresh momentum to Europe's push for energy independence andbolstering the case for offshore wind farm developments, the CEO of Denmark's Orsted said on Thursday.Europe, a major importer of fossil fuels, has seen energy prices soar in recent weeks as the U.S.-Israeli war on Iran, and Teheran's blockage of shipments through the Strait of Hormuz, led to a worldwide scramble for oil and natural gas."There is a major task for Europe...
Hormuz Shipping Traffic Remains Below Normal Volumes Despite Ceasefire
Ship traffic through the Strait of Hormuz stood at well below 10% of normal volumes on Thursday despite a U.S.-Iran ceasefire as Tehran asserted its control by warning ships to keep to its territorial waters while doing so.Hundreds of tankers and other ships have been stuck inside the Gulf since the Iran war began on Feb 28, cutting global oil supply by 20% in the world's biggest-ever supply disruption.
UK Deploys Military to Deter Russian Submarine Attacks on Subsea Cables
Britain deployed military vessels to prevent any attacks on cables and pipelines by Russian submarines which spent more than a month in and around British waters earlier this year, its defence minister John Healey said on Thursday.Britain accused Russia of using the distraction of events in the Middle East to try to conduct the covert operation in the High North maritime region, home to key shippingâŠ
Damen, IOM, Turkish Coast Guard, EU Hold Meeting for SAR Vessel Order
Damen Shipyards Antalya hosted a kick-off meeting attended by delegations from the UNâs International Organization for Migration (IOM), the Turkish Coast Guard (TURCG) Command, Presidency of Migration Management (PMM), the European Union Delegation, the Netherlands Embassy in Türkiye, and Damen Shipyards Group. The meeting marks the recent contract signing between Damen and the IOM for the delivery of thirteen Search and Rescue (SAR) 1906 vessels to be operated by the Turkish Coast GuardâŠ
Grieg Maritime Group to Install Jet Sails on Fleet
Grieg Maritime Group has signed a contract with GT Wings to install at least two of their AirWing20 on their fleet.Energy efficiency will be crucial for both climate action and commercial success going forward. Waiting for new fuels and new ships will not be enough to succeed; measures must also be implemented on the existing fleet.The GT Wings AirWing20 is a Jet Sail that will enable Star Kirkenes to take advantage of the windâŠ
Born into Maritime: John McDonald, Chairman & CEO, ABS
Many claim to have âsaltwater in their veins,â but all you have to do is walk into the corner office of John McDonald, the new Chairman and CEO of the American Bureau of Shipping (ABS), to see that him saying âI was born into maritimeâ is not hyperbole. The first thing that greets you is a Dusan Kadlec nighttime painting of the Brooklyn Bridge, a painting that has special meaning to him as he fondly remembers being on a boat in New York harbor in 1983âŠ
Anglo-Eastern Cruise Management Supports Four Seasons Yacht on Maiden Voyage
Four Seasons I, a 95-suite yacht that announced Four Seasons' entry into the ultra-luxury yacht segment, has successfully completed her maiden voyage in the Mediterranean, supported by Anglo Eastern Cruise Management Inc. (AECMI) as her technical ship management partner.AECMIâs involvement began during the newbuilding phase at Fincantieriâs Ancona shipyard in 2024 and now includes technical managementâŠ
Vaisala Launches Cybersecure, Module Offshore Weather Station
Vaisala, a global leader in measurement technology, launched Maritime Automatic Weather Station AWS830, a new weather monitoring solution for maritime and offshore environments. AWS830 delivers weather, environment, oceanographic, and motion data to Vaisala's offshore and maritime weather systems, including Vaisala Helideck Monitoring System and Vaisala met-ocean system. Vaisala AWS830 delivers wind speedâŠ
Meyer Werft's "Vision": A Battery-Electric Cruise Ship Concept
German shipbuilder Meyer Werft has introduced a concept for what it says would be the worldâs first fully battery-electric cruise ship exceeding 80,000 gross tons, signaling a bold step forward in the industryâs push toward decarbonization.The concept, dubbed âVision,â was unveiled at Seatrade Cruise Global in Miami. According to the yard, the 275-meter vessel would accommodate 1,856 passengers andâŠ
âWorldâs Firstâ Ammonia Dual-Fuel Ocean Carriers Named in South Korea
Belgian shipowner Exmar has named two ocean-going ammonia dual-fuel midsize gas carriers, said to be the worldâs first, marking a milestone in the development of low-emission shipping.The two vessels, ANTWERPEN and ARLON, were built in South Korea in cooperation with HD Hyundai as part of a multi-year development programme.Each vessel has a cargo capacity of about 46,000 cubic metres, including 45,000 cubic metre cargo tanks and two 500 cubic metre deck tanks.
US Grants $70M to Port of Los Angeles for Maintenance Projects
The Port of Los Angeles said it has secured about $70 million in federal funding for harbor maintenance and infrastructure upgrades, marking its largest allocation to date.The funding, provided by the U.S. Army Corps of Engineers from the Harbor Maintenance Trust Fund, will support projects including dredging, seismic upgrades and navigational safety improvements.The San Pedro Bay port complex, which includes Los Angeles and Long BeachâŠ
Northern Lights Adds Third CO2 Carrier to Expand CCS Network
The Northern Lights JV has added a third liquefied carbon dioxide (LCO2) carrier to its fleet, as it expands transport capacity for Europeâs carbon capture and storage (CCS) network.The vessel, Northern Phoenix, was formally welcomed in Bergen and will support the scaling of cross-border CO2 transport under the Northern Lights project.Designed to transport liquefied CO2, the ship will carry captured emissions from Yara to the Northern Lights receiving terminal in ØygardenâŠ
Stolt-Nielsen Navigates Rising Uncertainty in 1Q26
Stolt-Nielsen Limited opened 2026 with a solidâif more temperedâfinancial performance, underscoring both the resilience of its diversified logistics portfolio and the mounting pressures facing global chemical shipping markets.The London-based group reported first-quarter revenue of $716.8 million and net profit of $47.5 million for the period ending February 28, 2026, compared to $675.6 million and $151.4 million, respectively, in the same period a year ago.
Tanker Vessel Futures Fly High on Demand
"By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been boosted by higher newbuilding contracting throughout the 2020s and most recently by the highest quarterly crude tanker contracting in history,â says Filipe GouveiaâŠ
Shippers Cautious on Hormuz Passage, Seek Clarifications
Shippers on Wednesday said they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the Strait of Hormuz, as Iran said the waterway remained closed to vessels sailing without a permit.The sixâweek conflict had brought traffic through the strait - a chokepoint for about 20% of global oil and liquefied natural gas (LNG) shipments - close to a standstill, pushingâŠ
Four Dead After Migrant Boat Sinks Off French Coast
Four people died after a small boat carrying migrants seeking to reach Britain sank in the Channel and a search and rescue operation was underway, French local authorities said on Thursday."A taxi-boat sinking occurred today. The situation is still being assessed and remains subject to change," local French authorities in Calais said in a press statement.In the past year, traffickers have taken toâŠ
Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks
Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $3, or 3.18%, to $97.41 a barrel.Both benchmarks fell below $100 per barrel in the previous trading sessionâŠ
Glencore, Taiwanâs CPC Charter Tankers as Hormuz Reopens
Commodities trader Glencore and Taiwan's state refiner CPC have chartered a tanker each to load Middle Eastern crude for Asia, while vessels in the Gulf are preparing to exit via the Strait of Hormuz, a day after the ceasefire in the U.S.-Iran war.The two-week truce hinges on letting ships pass through the strait, a chokepoint for about 20% of global oil and liquefied natural gas (LNG) shipments brought to a near standstill by the six-week conflictâŠ
