US Confiscates Iran Oil Cargo on Tanker Amid Tehran Tensions
The U.S. confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation…
Baltic Dry Index Logs Third Straight Monthly Rise
The Baltic Exchange's main sea freight index slipped on Friday, but posted its third straight monthly gain, supported by increasing demand for the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 5 points to 1,576. The index was, however, up 13.5% for the month, as well as registered a weekly rise.The capesize index rose 25 points…
Alabama Shipyard Awarded MSC Overhaul Work
Mobile, Ala. based Alabama Shipyard has been awarded a contract for the dry docking of the U.S. Navy's Military Sealift Command (MSC) dry cargo and ammunition ship USNS Sacagawea (T-AKE 2).The $21,955,104‬ firm-fixed-price contract for the 123-calendar day shipyard availability includes a base period and options, which if exercised, would bring the cumulative value to $22,163,078‬.Work will begin June 15…
Commercial Ships Rescue Three from Burning Boat in the Caribbean
A pair of commercial ships on April 24 rescued three people from the water after their vessel went up in flames due to engine malfunction in the Caribbean.At 7:30 a.m., the officer on watch aboard the Danish-flagged chemical tanker Nordic Ann spotted a drifting boat on fire and immediately informed the ship's master. The tanker reduced speed and approached the scene to investigate the situation and found a small boat on fire and three persons in water.Meanwhile…
DSC Dredge Taps Dugan to Succeed Dolan as VP and CFO
Reserve, La. based DSC Dredge announced it has appointed Doy Dugan to succeed Kevin Dolan as vice president and chief financial officer.Dugan is a CPA with an MBA and brings to the role more than 30 years of global financial and operational experience working for both public and private companies. Most recently he served as CFO at Diversified Well Logging and prior to that, he held the CFO position at Advanced Drilling Solutions and Spartan Offshore.
US Calls on Iran to Release Tanker Seized in Gulf of Oman
Iran seized a Marshall Islands-flagged oil tanker in the Gulf of Oman in international waters on Thursday, the U.S. Navy said, the latest in a series of seizures or attacks on commercial vessels in sensitive Gulf waters since 2019.Iran's army said it had seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, Iranian state media…
ABS and Seatrium Advancing Digital Technologies for Shipyards
ABS and Seatrium are working together to advance smart digital technologies for shipyards, with a focus on boosting safety, productivity and efficiency.At Singapore Maritime Week, ABS launched detailed requirements to guide the industry in the application of smart technologies at shipyards and recognize Seatrium as the first shipyard group to deploy smart technologies in its operations, in line with…
Aluminum Marine Delivers Catamarn to Explore Group
Auckland-based tourism operator Explore Group expanded its fleet of passenger and tourism vessels late last year with the delivery of Tuhi Rapa, an Incat Crowther 29 design built by Australian shipyard Aluminium Marine. The vessel is designed to transport up to 300 passengers and has been plying the waters of Auckland Harbour and the Bay of Islands since its maiden voyage in late 2022.Designed to be…
Shots Fired in "Incident" Involving Vessel Off Yemen
Britain's Maritime Trade Operations (UKMTO) agency said on Friday a vessel off Yemen's southern coast was involved in an "incident" with a government boat, downgrading the event from its initial assessment of an attack.The agency had previously said the vessel was under attack and that shots were fired, adding that three boats, each with three or four people aboard, were also sighted.UKMTO later said it had confirmed the event by authorities as government agency activity, terming the event incid
