Collective News

On April 19th, 2024, Muddy Water Dredging, LP, held the christening ceremony of its Marlin Class dredge at the Port of New Orleans. The event was attended by many esteemed business leaders, media personnel, and distinguished dignitaries. "We are happy to unveil the Vaneta Marie dredge. After many hours of collaboration between Muddy Water and DSC what we have before us is a dredge that was crafted with precision and ingenuity," said Michael Kerns, President, and CEO of Muddy Water.

The National Ocean Industries Association (NOIA) has appointed and approved the 2024-2025 term of the NOIA Board of Directors and Executive Committee. Jon Landes, President, Subsea of TechnipFMC has been elected as the NOIA Chair and Joe Leimkuhler, Chief Operating Officer of Beacon Offshore Energy, as the incoming NOIA Vice Chair.NOIA President Erik Milito said, “We are at a critical juncture where it's imperative to ensure that energy policy from Washington, D.C. does not hinder American energy production.

Thousands of Greek striking workers, students and pensioners marched through central Athens on Wednesday to protest over wages which they are not enough to cope with rising living costs.Ships remained docked at Greek ports and train services were halted as transport workers joined the nationwide strike by private sector union GSEE, Greece's largest.City transport was also disrupted as bus and taxi drivers halted operations for a few hours.Protesters marched to parliament around noon.

Global industry leaders from North America, Asia and Europe have announced the formation of the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will work together to decarbonize the value chain for commodities between North America and Asia.The NPGCC will apply its collective expertise to develop a corridor for the decarbonized transportation of multiple commodities, including agricultural products, metal concentrates and steelmaking coal.The members of the NPGCC are committed to establishing the consortium as a catalyst for decarbonization efforts…

Electronic Fuel Management Systems (EFMS) company Fueltrax reports it has opened a Vessel Operations Center in Kuala Lumpur, Malaysia.This is Fueltrax’s second such center and the first outside of the company’s headquarters in the U.S. It provides closer-to-region coverage for Asia-Pacific customers.Ruben DeLeon, Fueltrax’s Vice President of Product Support, drew on his seven-year tenure at NASA's Mission Control Center in driving the establishment of the Kuala Lumpur facility.As DeLeon explains…

The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic is unlikely to trigger a major new U.S. supply chain crisis or spike goods prices, due to ample and growing spare capacity at competing East Coast ports, economists and logistics experts say.With six people still missing after a container ship collision destroyed the Francis Scott Key Bridge, it remained unclear how long the span's twisted superstructure would block the harbor's mouth.But port officials…

Ten organizations have joined forces to combat illegal wildlife trafficking through increasing awareness and vigilance across global supply chains.Together, they have produced practical guidelines for all supply chain participants, with advice on measures to take, questions to ask to help identify criminal wildlife trade, and guidance on reporting suspicious activities. An accompanying "Red Flags" document serves as a daily reference for all individuals involved in the supply chain.

The United States' Secretary of the Navy, Carlos Del Toro, on Monday hosted executives from major ship repair companies at the Pentagon for a roundtable discussion focused on surface ship repair and modernization initiatives.Navy and Marine Corps leaders have expressed that repair process improvements are critical to meeting the needs of worldwide combatant commanders.“The maritime industry is a strategic sector critical to our economic and national security,” said Secretary Del Toro.

The Port of New Orleans (Port NOLA) said 2023 was a record year for container-on-barge shipping.During the last calendar year, Port NOLA marked 20,500 container moves by barge, the highest since launching the container-on-barge network—the nation's largest—in 2016 with the Port of Greater Baton Rouge and Ingram Marine Group. Container-on-barge moves containers by water rather than by truck on roads to reduce air emissions; moving an average of 30,000 twenty-foot equivalent units (TEU) per year between New Orleans, the Port of Greater Baton Rouge, Memphis and St. Louis.

The maritime industry, often viewed as conservative and measured in its approach to technological integration, is on the cusp of a transformative era with artificial intelligence (AI) emerging as a prominent player. Insights from key exhibitors at the upcoming Posidonia Shipping Εxhibition reveal a new landscape, where industry leaders strategically align with the inexorable rise of AI and consider adopting it already.According to Theodore Vokos, Managing Director, Posidonia Exhibitions S.A.…

Yemen's Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Seaonce Israel ends its "aggression" in the Gaza Strip.Asked if they would halt the attacks if a ceasefire deal is reached, Houthi spokesman Mohammed Abdulsalam told Reuters the situation would be reassessed if the siege of Gaza ended and humanitarian aid was free to enter."There will be no halt to any operations that help Palestinian people except when the Israeli aggression on Gaza and the siege stop…

A global alternative investment firm Strategic Value Partners has entered into agreement with Hornblower Group to acquire the majority ownership of the company in exchange for significant equity investment. As part of the agreement, Crestview Partners retained minority ownership in the business, and the decision was made to sell or wind down the company’s overnight cruises unit American Queen Voyages.Aside from significant minority stake in the business, Crestview will become the sole owner of Journey Beyond…

The Lloyd’s Register (LR) Maritime Decarbonization Hub is collaborating with five leading shipowners as founding members in the establishment of a not-for-profit Athens-based global Maritime Emissions Reduction Center (M-ERC) that will focus on optimizing the efficiency of the existing fleet.The M-ERC is being created with the goal of removing technical, investment and community barriers for the uptake of solutions to reduce the greenhouse gas (GHG) emissions of the existing global fleet…

Victaulic, manufacturer of mechanical pipe joining, fire protection, and flow control solutions based in Easton, Pa., announced it has acquired Utility Coatings & Fabrication, Inc. (UCF) located in West Jordan, Utah.“This acquisition represents Victaulic’s fourth consecutive investment in the last four years, highlighting the company’s strategic vision for ongoing growth,” remarked Rick Bucher, President and Chief Executive Officer of Victaulic. “Victaulic remains dedicated to…

On April 16th and 17th, maritime stakeholders from around the globe will converge in the historic Altona Fischauktionshalle for the highly anticipated 3rd Hamburg Maritime Forum. This prestigious event promises two days of insightful discussions, innovative solutions, and collaborative initiatives aimed at shaping the future of the maritime industry.Attendees representing a diverse spectrum of the maritime sector will grace the forum with their presence. Among them are shipowners…

Headway Technology Group, a leader in green shipping technology, hosted a seminar on January 23, 2024, at Parkroyal Collection Marina Bay, Singapore. The event, themed "Innovation for better low carbon solution" drew more than100 delegates, including representatives from Singaporean ship owners, shipyards, designing institutes, and alternative fuel associations. The focus of the seminar was to engage in meaningful discussions on the challenges and opportunities within the realm of low-carbon shipping.In the keynote speech…

Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.Brent crude futures rose 6 cents to $78.01 a barrel at 0726 GMT. The front-month U.S. West Texas Intermediate crude futures contract , which expires on Tuesday, fell 18 cents to $72.29 a barrel. The more active second-month contract dropped 10 cents, or 0.1%…

New Zealand will deploy a six-member defence team to the Middle East as part of an international coalition to uphold maritime security in the Red Sea, Prime Minister Christopher Luxon said on Tuesday.The United States and Britain have been carrying out air strikes against the Iranian-allied Houthi group in Yemen, who have been targeting civilian ships in the Red Sea for weeks in what they say is a protest against Israel's military campaign in the Gaza Strip."Houthi attacks against commercial and naval shipping are illegal…

Britain and the United States on Thursday said they had imposed coordinated sanctions on four key Houthi figures for their roles in supporting or directing attacks on commercial shipping in the Red Sea.Attacks by the Iranian-backed Houthis have disrupted global shipping and stoked fears of global inflation. They have also deepened concern that fallout from the Israel-Hamas war could destabilize the Middle East.Those sanctioned were Houthi Defence Minister Mohamed Nasser al-Atifi…

EFI Foundation CEO Ernest J. Moniz has published a new report, supported by carbon capture solutions company Carbon Clean, that describes a new coordinated regional approach in the US with great potential for significant carbon emissions reductions.The report, “A New Industrial Backbone: Exploring U.S. Regional CCUS Hubs for Small-to-Midsize Industrial Emitters” lays out a blueprint that calls for a hub approach to carbon capture.The study identifies four regional hubs in the…

BAE Systems announced construction has begun on a new Applied Shipbuilding Academy at its Scotstoun shipyard on the banks of the River Clyde in Glasgow, as the company bolsters its efforts to develop future talent.Designed to support the development of the entire workforce, from apprentices to senior leaders, the Academy will comprise of a Modern Trade Hall and a Flexible Learning Hub. It will also serve to upskill the existing workforce while attracting new talent.A historic industrial building will be retrofitted to become the Modern Trade Hall…

The United States on Tuesday launched a multinational operation to safeguard commerce in the Red Sea as attacks by Iran-backed Yemeni militants forced major shipping companies to reroute, stoking fears of sustained disruptions to global trade.The Houthi militant group, which controls vast amounts of territory in Yemen after years of war, has since last month fired drones and missiles at international vessels sailing through the Red Sea - attacks it says respond to Israel's devastating assault on the Hamas-ruled Gaza Strip.This week…

In its Week 3 market report, cash buyer GMS says that even as vessel prices have improved from the lows seen towards the end of 2023 and plate prices made a massive jump in Bangladesh over the last couple of weeks, only a trickle of sales have been confirmed into the recycling markets in 2024 thus far.“There also seems a reluctance from ship owners to bite at current offers in the low USD 500s/LDT, having seen levels around USD 100/LDT higher only a couple of quarters ago. Mercifully…