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Tuesday, April 16, 2024
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Maritime Law & Regulations News

16 Apr 2024

Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge

© Dennis Gross / Adobe Stock

Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile attacks as geopolitical tensions escalate in the region, the UK-based insurance broker told Reuters on Tuesday.The cost of insuring a seven-day Red Sea voyage has risen by hundreds of thousands of dollars since Yemen's Iran-aligned Houthis began attacking shipping in the area in November in a show of solidarity with Palestinians in Gaza.Howden said the new…

15 Apr 2024

Iran Says MSC Aries Vessel Seized for 'Violating Maritime Laws'

Screenshot from video filmed by a seafarer on board the MSC Aries as Iranian forces seized the vessel. (Courtesy ITF)

A Portuguese-flagged container ship, the MSC Aries, was seized by Iran on April 13 for "violating maritime laws", Iran's foreign ministry said on Monday, adding that there was no doubt the vessel was linked to Israel.Iran's Revolutionary Guards seized the cargo vessel in the Strait of Hormuz days after Tehran vowed to retaliate for a suspected Israeli strike on its consulate in Damascus on April 1. Iran had said it could close the crucial shipping route."The vessel was diverted…

14 Apr 2024

Vessel Seized by Iran is Managed by MSC

© angeldibilio / Adobe Stock

MSC is the manager and commercial operator of a vessel seized on Saturday by Iranian authorities, international shipping company Zodiac Maritime said in a statement."MSC is responsible for all vessel activities including cargo operations and maintenance. Title to the vessel is held by Gortal Shipping Inc as financier, and she has been leased to MSC on a long-term basis. Gortal Shipping Inc is affiliated with Zodiac Maritime," said the company, partly owned by Israeli businessman…

14 Apr 2024

Somali Pirates Release Ship after Ransom Paid

© Venera / Adobe Stock

Somali pirates released a hijacked ship, MV Abdullah, and its crew of 23 early on Sunday after a $5 million ransom was paid, according to two pirates."The money was brought to us two nights ago as usual... we checked whether the money was fake or not. Then we divided the money into groups and left, avoiding the government forces," Abdirashiid Yusuf, one of the pirates, told Reuters.He added the ship had been released with all its crew.Somalia government officials did not respond to a request for comment.The MV Abdullah…

11 Apr 2024

Subrosa Group Launches Maritime Security Division

© momentscatcher / Adobe Stock

Subrosa Group (SRG) announced it is rolling out a new Maritime Security (MarSec) division, SRG Maritime Security, to deliver security services globally to the commercial shipping and offshore industries, private vessels and superyachts.SRG's CEO, Niall Burns, said, "The establishment of our Maritime Security division is a direct response to the critical need for elite armed protection for large vessels navigating increasingly perilous waters worldwide. Incidents of maritime attacks are alarmingly on the rise…

10 Apr 2024

US Forces Engage Houthi UAVs

U.S.Forces, Allies conduct joint strikes in Yemen (Source: CENTCOM)

The U.S. Central Command (CENTCOM) said in a statement that its forces had successfully engaged three unmanned aerial vehicles (UAVs) launched from Houthi-controlled areas of Yemen over the Gulf of Aden and Red Sea.There were no injuries or damage reported by U.S., coalition, or commercial ships, the statement added.U.S. forces also destroyed eight UAVs in Houthi-controlled areas of Yemen later on April 10, the statement said.(Reuters - Reporting by Ahmed Tolba and Enas Alashray; Editing by Kim Coghill)

10 Apr 2024

Houthis Target Four Vessels in Gulf of Aden

© Jack Russel / Adobe Stock

Yemen's Houthis said on Wednesday they targeted four vessels, including what they described as a U.S. warship, with drones and naval missiles in the Gulf of Aden, part of their stated campaign of solidarity with Palestinians in Gaza.The Iran-aligned group attacked "MSC Darwin ship, MSC GINA, MV Yorktown" along with the U.S. destroyer, the group's military spokesman Yahya Sarea said in a televised speech.The U.S. military said on Tuesday that it had destroyed an inbound anti-ship…

10 Apr 2024

US Coast Guard Says Boardings of Chinese Fishing Vessels in South Pacific Legal

(File photo: Sara Muir / U.S. Coast Guard)

The U.S. Coast Guard has rejected comments by a Chinese diplomat that its recent boardings of Chinese fishing boats in the Pacific Islands alongside local police are illegal, saying the joint patrols are at the behest of Pacific nations to protect coastal fisheries.Reuters reported last month that six Chinese fishing boats were found to be violating Vanuatu's fisheries law after being inspected by local police who were on board the first U.S. Coast Guard boat to patrol the waters of the Pacific Islands nation.China's Ambassador to New Zealand Wang Xiaolong…

09 Apr 2024

Cosco Shipping Sees Quick Resolution to Peru Port Question

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China's Cosco Shipping confirmed that investment in Peru's Chancay port continues and that it expects a quick resolution to a pending question over exclusivity rights to the facility, a local executive told reporters on Tuesday.Carlos Tejada, the company's general manager in Peru, made the announcement at an international trade event in the capital Lima.Last month, the Asian shipping firm said it was evaluating the impact of a move by Peru's government to annul the exclusivity it holds over operations at the under-construction megaport, seen as a key driver of growth for the South American cou

09 Apr 2024

DFDS to Buy International Network from Ekol

© dvlcom / Adobe Stock

Danish shipping and logistics firm DFDS said on Tuesday it has agreed to buy the international transport network of Turkey's Ekol Logistics for 1.9 billion crowns ($277 million) and lifted its sales growth forecast for the year.The network connects Turkey and Europe and the acquisition will add road transport to its Mediterranean ferry network, DFDS said in a statement, adding that it was in line with its strategy to move goods in trailers by ferry, road and rail."Turkey's role…

09 Apr 2024

Star Bulk Completes Eagle Bulk Acquisition

(Photo: Star Bulk)

Star Bulk Carriers Corp. on Tuesday announced that it has completed its merger with fellow dry bulk shipping company Eagle Bulk Shipping Inc.Eagle Bulk shareholders this week voted to approve the $2.1 billion deal, which was first announced in December 2023.Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned. Eagle common stock has ceased trading and will no longer be listed on the New York Stock Exchange.Petros Pappas…

08 Apr 2024

The Maritime Industry Has Unique Cybersecurity Challenges

© Shuo / Adobe Stock

With supply chain attacks on the rise, and nation-state attackers constantly looking for new ways to disrupt national security and economic stability, one of the most vulnerable areas is the security around our maritime operations. The Biden-Harris Administration's recent Executive Order to fortify the cybersecurity of U.S. ports underscores this concern, spotlighting the urgency of addressing vulnerabilities in a sector that drives over $5.4 trillion in economic activity annually.

07 Apr 2024

ITIC Highlights Importance of Vessel Design Reviews Following $5 Million Claim

Mark Brattman (Source ITIC)

The International Transport Intermediaries Club (ITIC) has highlighted the importance of robust vessel design reviews and related insurance coverage throughout the construction process following a recent dispute between a naval architect, a shipowner and a shipyard regarding a vessel’s operational performance post-delivery.The vessel, a 24-metre catamaran servicing the offshore oil and gas industry, faced considerable operational limitations. This was attributed to unexpected vibration issues in the vessel's rudders…

07 Apr 2024

Royal Navy Ship to Help Boost Aid for Gaza

Source: UK MOD

A British Royal Navy ship will supply aid to Gaza as part of an international effort to help set up a new humanitarian maritime corridor in early May, the foreign office and ministry of defence said on Saturday.The multinational effort, involving the United States, Cyprus and other partners, will develop a new temporary pier off the coast of Gaza, British foreign minister David Cameron said."The situation in Gaza is dire and the prospect of famine is real. We remain committed to getting aid to those who so desperately need it…

07 Apr 2024

Houthis Say They Targeted Western Ships

Source: CENTCOM

Houthi forces in Yemen said on Sunday they had launched rockets and drones at British, U.S. and Israeli ships, the latest in a campaign of attacks on shipping in support of Palestinians in the Gaza war.The Iran-aligned group said it had targeted a British ship and a number of U.S. frigates in the Red Sea, while in the Arabian Sea and Indian Ocean it had attacked two Israeli vessels heading to Israeli ports.The operations took place during the last 72 hours, Houthi military spokesperson Yahya Saree said in a televised statement…

05 Apr 2024

All FMC Statutes & Regulations in Full Effect Following Baltimore Bridge Collapse

(Photo: Alejandro Rivera / U.S. Coast Guard)

The U.S. Federal Maritime Commission (FMC) on Friday issued a notice reminding regulated entities that all statutes administered by the agency remain in effect while disruption to regular service at the Port of Baltimore is causing many shippers to adjust supply chain operations.Common carriers and marine terminal operators (MTOs) must continue to comply with all statutory and regulatory requirements governing their operations, the FMC said.Demurrage and detention fees must be reasonable.

04 Apr 2024

Crumbling Great Lakes Ports Infrastructure Makes Port Insurance Even More Critical

© icholakov / Adobe Stock

The state of Great Lakes port infrastructure is one of the biggest issues facing the U.S. and Canadian maritime industries. According to the America Great Lakes Ports Association, “Due to years of inadequate funding, the U.S. Army Corps of Engineers has been unable to maintain Great Lakes navigation infrastructure. Over the next five years Great Lakes navigation channels will require $540 million of dredging to maintain authorized channel dimensions. Breakwaters and other federal…

04 Apr 2024

US Issues Fresh Iran-related Sanctions Targeting Vessel Owner

© K I Photography / Adobe Stock

The United States on Thursday imposed new Iran-related counterterrorism sanctions against Oceanlink Maritime DMCC and its vessels, citing its role in shipping commodities on behalf of the Iranian military.The United States is using financial sanctions to isolate Iran and disrupt its ability to fund its proxy groups and support Russia's war in Ukraine, the Treasury Department said. The United Arab Emirates-based Oceanlink operates a fleet of more than a dozen vessels deeply involved in shipping Iranian commodities, Treasury said.The U.S.

04 Apr 2024

Faulty Missile Launcher Closes Busy Danish Sea Lane

© Jens / Adobe Stock

An activated but faulty missile launcher on a Danish navy vessel triggered a closure of airspace and shipping traffic in the Great Belt strait on Thursday, the Danish armed forces said.Denmark's National Maritime Authority had earlier warned ships not to sail through the Great Belt strait, one of the world's busiest sea lanes and the main maritime access to the Baltic Sea, due to the risk of "falling missile fragments"."The problem occurred during a mandatory test where the missile launcher is activated and cannot be deactivated…

03 Apr 2024

South African Court Rules on Sheep Inspections

lambs on a livestock carrier (Source: Dr Lynn Simpson)

South African animal welfare organization NSPCA has applauded a Judgment from the Eastern Cape Division of the High Court, Makhanda, affirming the NSPCA’s ability to screen all animals being readied for loading on the Al Messilah livestock carrier which docked in the East London Harbour on April 2.The exporter, Al Mawashi, working through Page Farming Company, made an application in the High Court on March 29 designed to prevent the NSPCA from marking compromised animals to prevent them from being loaded and to stop NSPCA from screening for pregnant ewes.“Al Mawashi…

03 Apr 2024

German Prosecutors Probe Ship for Possible Russian Sanctions Breach

© HN Works / Adobe Stock

A cargo ship leaving Russia that made an unscheduled stop at the German port of Rostock is under investigation there for carrying cargo in possible breach of sanctions, German authorities said on Wednesday.The Atlantic Navigator II, managed by Canada-based CSAL and sailing under the Marshall Islands flag, has been detained by German customs. On board are 251 containers of birch wood, which is subject to EU sanctions against Russia, prosecutors said."Investigations are under way against the captain of the freighter on initial suspicion of a violation of the Foreign Trade and Payments Act…

03 Apr 2024

Wallenius Wilhelmsen Sees Up to $10 Million Hit from Baltimore Disaster

© Björn Wylezich / Adobe Stock

Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week's U.S. Baltimore bridge collapse and expects the key ship channel to be closed for weeks, it said on Wednesday.The company said its vessel Carmen - which according to shipping data is among the biggest car carriers in its fleet - remained stuck in Baltimore's port, with the ship and its crew ready to sail as soon as the channel was reopened.Recovery teams opened a second channel enabling smaller vessels to navigate the Port of Baltimore on Tuesday…

02 Apr 2024

Austal Rejects Hanwha's $662 Million Takeover Offer

File photo courtesy Austal USA

Australian shipbuilder Austal said on Tuesday it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.The Western Australia-based firm said it had received a bid at A$2.825 per share, representing a premium of 28.4% to Austal's last closing price.Austal's shares rose 8.2% in early trade, while the Australian S&P/ASX200 index was flat.The…

01 Apr 2024

UKMTO Reports Suspicious Encounter off Yemen

© Alex / Adobe Stock

The United Kingdom Maritime Trade Operations (UKMTO) agency said on Monday it received a report of an incident 150 nautical miles northwest of Yemen's Hodeidah."The Master of the vessel reported that they were hailed by an entity claiming to be Yemini Navy who requested the vessel turn on its automatic identification system," an advisory note said."Shortly after the hailing, a crew member of the vessel reported that they heard suspected gun shots," the advisory note added.Months of Red Sea attacks by Yemen's Houthi militants have disrupted global shipping, forcing firms to re-route to longer a

01 Apr 2024

America’s Watershed Initiative: Sustaining a Critical Waterway

“I really believe that rivers connect us in all kinds of ways.” - Kimberly Lutz, Executive Director, America’s Watershed Initiative (Photo: AWI)

Kimberly Lutz and America’s Watershed Initiative (AWI) are making every effort to sustain the Mississippi River for generations to come.The Mississippi River is one of the world’s largest river systems and is arguably America’s most critical waterway. Flowing over 2,350 miles, spanning, at points, up to eleven miles, and discharging approximately 593,003 cubic feet of water per second into the Gulf of Mexico, the Mighty Mississippi is awe inspiring in terms of its natural characteristics as well as its commercial impact on both the American and global economies.

30 Mar 2024

Indian Navy Rescues Iranian Fishing Vessel Hijacked by Pirates

(Photo: Indian Navy)

The Indian Navy said it had freed a hijacked Iranian fishing vessel from nine armed pirates in the Arabian Sea on Friday, rescuing its crew unharmed.The fishing vessel, Al-Kambar 786, was southwest of the Yemeni island of Socotra on March 28 when it was reported to have been boarded by pirates, according to a statement from the navy late on Friday.The ship was intercepted by the INS Sumedha and INS Trishul, leading to "over 12 hours of intense coercive tactical measures" forcing the pirates to surrender…

29 Mar 2024

Dali Incident Could Be Largest Ever Single Marine Insurance Loss

Satellite image ©2024 Maxar Technologies.

Britannia, the insurer of container ship the Dali, is working with the vessel's owner and U.S. authorities on the investigation into the collapse of Baltimore's Francis Scott Key Bridge, the insurer said on Thursday.The bridge collapsed on Tuesday after the Dali suffered a power outage and struck a pylon, causing huge disruption in the port."We are working closely with the vessel's owner and manager and the relevant U.S. authorities as part of the investigation into the casualty…

29 Mar 2024

US Military Destroys Four Houthi Drones

© Marc Calleja / Adobe Stock

The U.S. military said on Thursday that it had destroyed four unmanned drones launched by Iran-backed Houthi forces in Yemen.The U.S. Central Command said on the social media site X that the drones "presented an imminent threat to merchant vessels and U.S. Navy ships in the region."The drones were aimed at a coalition vessel and a U.S. warship and "were engaged in self defense over the Red Sea," the statement from the U.S. Central Command said, adding there were no injuries or damage reported to the U.S. or coalition ships.(Reuters - Reporting by Jasper Ward and Dan Whitcomb)

28 Mar 2024

Lawsuits Over Baltimore Bridge Collapse Likely

(Credit: USACE)

The owner, operator and charterer of the container ship that struck Baltimore’s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could limit the companies’ liability.U.S. laws pertaining to open-water navigation and shipping, which are created through court decisions and by acts of Congress, could restrict the kinds of lawsuits filed against the registered owner of the Singapore-flagged ship…

28 Mar 2024

Russian Warships Enter Red Sea

© tsuguliev / Adobe Stock

Several Russian warships have passed the Bab al-Mandab Strait into the Red Sea, the Russian navy's Pacific Fleet said on Thursday, amid attacks by Yemen's Houthis on merchant shipping.The Zvezda TV channel, owned by the defense ministry, quoted the fleet as saying the Russian cruiser Varyag and the frigate Marshal Shaposhnikov were taking part in the voyage.(Reuters - Reporting by Guy Faulconbridge; editing by Mark Heinrich

27 Mar 2024

Recruiter to Cooperate in Deal with Workers Suing Major US Shipbuilders

© Joseph Creamer / Adobe Stock

A maritime industry recruiter has agreed to work with plaintiffs and share worker compensation data in a lawsuit accusing major U.S. shipbuilders of limiting employee mobility, marking the first settlement in the case.Attorneys for a proposed class of engineers and architects suing General Dynamics, Huntington Ingalls Industries and other companies disclosed the settlement with Faststream Recruitment on Tuesday in Alexandria, Virginia federal court.The October lawsuit said the shipbuilders violated U.S.

27 Mar 2024

Insurers Brace for Multibillion Dollar Losses After Baltimore Ship Tragedy

(Photo: Baltimore County Police Department)

Baltimore's Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims, sources say, but it is too early to calculate the likely full financial losses of the tragedy that has shuttered one of the busiest ports in the United States.Six peopleare still missing after a collision with a Singapore-flagged container ship destroyed the landmark bridge on Tuesday, forcing the closure of the Port of Baltimore.With little clarity on when the port would re-open, insurers and analysts are now assessing the likely losses borne by underwriters across several product lines in

26 Mar 2024

FMD Acquires AMMCON

Image courtesy FMD/AMMCON

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired AMMCON Corp., a Jacksonville- based fittings and assembled components manufacturer. The defense contractor’s acquisition continues its expansion and commitment to providing critical components to the U.S. Navy and other marine defense customers.“Fairbanks Morse Defense is working to build fully integrated products and services that will meet every need of maritime defense…

26 Mar 2024

Houthis Say Six Ships Attacked in Past 72 Hours

© Robert / Adobe Stock

Yemen's Houthis said on Tuesday that they had mounted six attacks on ships with drones and missiles in the last 72 hours in the Gulf of Aden and the Red Sea.The Houthis attacked the Maersk Saratoga, APL Detroit, Huang Pu and Pretty Lady after identifying them as either U.S.

25 Mar 2024

India Brings 35 Somali Pirates to Mumbai

Indian naval forces seized the Maltese-flagged bulk carrier Ruen that had been hijacked by Somali pirates, rescuing 17 crew members. All 35 pirates aboard the ship surrendered. (Photo: Indian Navy)

The Indian navy handed over 35 Somali pirates to the police in Mumbai on Saturday, after 100 days of anti-piracy operations east of the Red Sea, where piracy has resurfaced for the first time in nearly a decade.India, the largest national force in the Gulf of Aden and northern Arabian Sea region, captured the pirates from the cargo ship Ruen last week, three months after it was hijacked off the Somali coast.Taking advantage of Western forces' focus on protecting shipping from attacks in the Red Sea by Yemen's Iranian-backed Houthi militants…

25 Mar 2024

Maritime Partners Hires Two In Executive Leadership Roles

(Photo: Maritime Partners)

Maritime Partners,a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced the addition of Stephen J. Bordes and Greg Chase to its executive leadership team.Bordes joins Maritime Partners as its chief financial officer, and Chase as as the firm’s chief legal officer.Bordes brings to the company more than 20 years of experience in the fields of finance and fund management. Prior to joining Maritime Partners, he served as the CFO for New York-based American Industrial Partners…

25 Mar 2024

Greek Shipping Tycoon Wins in Legal Battle with Newcastle United Co-owner

© Alexandre Rotenberg / Adobe Stock

Newcastle United football club co-owner Amanda Staveley on Monday lost a London High Court battle with a Greek shipping tycoon over a historic debt of nearly 3.5 million pounds ($4.4 million).Staveley, who owns 10% of the Premier League side with her husband, denied she was liable to Victor Restis for a sum that had snowballed with interest to over 36 million pounds.The total bill had included around 31 million pounds in interest, accruing at 505,000 pounds per day. Restis' lawyers…

24 Mar 2024

US Forces Engage Six Houthi UAVs

© sommersby / Adobe Stock

U.S. forces engaged six Houthi unmanned aerial vehicles (UAV) over the southern Red Sea after the group launched four anti-ship ballistic missiles toward a Chinese-owned oil tanker, the U.S. Central Command said on Saturday.Iranian-backed Houthis launched the missiles in the vicinity of M/V Huang Pu, a Chinese-owned oil tanker, the Central Command said in a post on X.A fifth missile was fired toward the oil tanker, which issued a distress call, the Central Command said, adding that no casualties were reported in the incident and a fire on board was extinguished.U.S.

22 Mar 2024

EU Naval Mission in Red Sea Destroys Missiles, Houthi Seaborne Drone

(Photo: European Union)

The EU's naval mission in the southern Red Sea said on Thursday it had destroyed three ballistic missiles and a Houthi seaborne drone to protect merchant ships.The EU's mission, known as Aspides, said on social media platform X that a French worship had destroyed the ballistic missiles and a German destroyed the drone, operated by the Iran-aligned Houthis and spotted near commercial vessels.Aspides was launched in February to help protect the key maritime trade route from drone and missile attacks by Yemen's Houthi militia, who say they are retaliating against Israel's war on Gaza.

21 Mar 2024

Inland Waterways Focus: The Pacific Northwest Columbia-Snake River System

© Rich / Adobe Stock

"The Columbia River and its tributaries, wetlands, and estuaries are the lifeblood of the Pacific Northwest, providing abundant water, power, recreation, agriculture, transportation and natural resources that have supported livelihoods, cultural and spiritual practices, commerce and economic growth.” - President Biden, Memorandum of September 27, 2023.Those abundant benefits directly impact about 13 million people in the Pacific Northwest. Hydropower extends that plentitude to millions more, powering cities and industry from Idaho to California.

20 Mar 2024

Ten Organizations Team Up on Guidelines for Combating Illegal Wildlife Trafficking

© 2630ben / Adobe Stock

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.

20 Mar 2024

Red Sea Crisis Adds 100,000 Bpd to Global Fuel Demand

© moofushi / Adobe Stock

The shipping industry is consuming an additional 100,000 barrels per day of fuel to sail longer distances needed to avoid traversing the Red Sea, Vitol Chief Executive Officer Russell Hardy said on Wednesday.Total distance traveled by ships is about 3% more than it was before Yemen's Houthi group started attacking shipping, Hardy said.Tanker traffic in the Red Sea is higher today than it was five years ago, he said, but global conflicts have shifted global trade flows."We have had to re-orientate so much all over," he said at a panel during the CERAWeek conference in Houston, Texas.

20 Mar 2024

India to Prosecute 35 Pirates Who Hijacked Ship Off Somalia

Indian naval forces seized the Maltese-flagged bulk carrier Ruen that had been hijacked by Somali pirates, rescuing 17 crew members. All 35 pirates aboard the ship surrendered. (Photo: Indian Navy)

India will bring in and prosecute 35 Somali pirates its navy captured on a hijacked ship off Somalia, a navy official said, in a departure from its recent practice of rescuing vessels and crew but leaving the disarmed pirates at sea.The captured pirates are due to arrive in India on Saturday and will be handed over to the law enforcement agencies, the official said. He declined to be identified as he was not authorised to speak to the media.The exact charges against the pirates were not immediately clear…

19 Mar 2024

Houthis Target Vessel in the Red Sea, Yemeni Military Source Says

© TebNad / Adobe Stock

Yemen's Houthis targeted a fuel tanker, Mado, in the Red Sea with naval missile and Israel's Eilat port and resort region with winged missiles, the group's military spokesperson Yahya Sarea said on Tuesday.Mado is a Marshall-Islands flagged liquefied petroleum gas (LPG) tanker heading to Singapore from Saudi Arabia, maritime shipping trackers showed. The Houthis described it as American, but Equasis's shipping database indicates that it is owned by Naftomar Shipping & Trading Co Ltd of Greece.

18 Mar 2024

Houthi Attacks Must Ease for Salvage of Two Vessels, IMO Head Says

On March 2 at approximately 2:15 a.m. (Sanaa time), Rubymar, a Belize-flagged, UK-owned bulk carrier, sank in the Red Sea after being struck by an Iranian-backed Houthi anti-ship ballistic missile on Feb. 18. The ship had been slowly taking on water since the attack. (Photo: U.S. Central Command)

Efforts to limit environmental damage from a cargo vessel that sank after a Houthi missile strike and another abandoned during a fiery assault are on hold until attacks on ships ease, the United Nations' maritime shipping regulatory agency said on Monday.The UK-owned Rubymar last month became the first vessel lost since the Houthis began targeting commercial ships in the Red Sea area in November. The bulk carrier with 21,000 metric tons of fertiliser contained in its cargo hold…

18 Mar 2024

Panama Says Has No Knowledge of Iranian-owned Ships On Registry

© Alexander / Adobe Stock

Panama's maritime authority said on Monday it has no knowledge of ships owned by Iranians being in its registry, following concerns from U.S.

18 Mar 2024

Somali Forces, Foreign Navies Prepare Attack on Hijacked Ship

Bulk carrier Abdullah was hijacked off the coast of Somalia last week. (Photo: EUNAVFOR)

Somali police and international navies were preparing on Monday to attack a commercial ship that was hijacked by pirates last week, the Puntland region's police force said, two days after Indian commandos rescued another cargo vessel held by pirates.The MV Abdullah was hijacked off the coast of Somalia last week, the latest of more than 20 attacks since November by Somali pirates who had laid dormant for nearly a decade.On Saturday, the Indian navy rescued another cargo vessel, the Maltese-flagged MV Ruen, which had been seized in December, freeing its 17 crew members and arresting 35 pirates.

18 Mar 2024

Pressure Builds for Charge on Shipping Sector's CO2 Emissions

© Yellow Boat / Adobe Stock

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.The documents, being discussed at an International Maritime Organization (IMO) meeting now entering a second week, outline four proposals with a combined 47 backers for imposing a fee on each tonne of greenhouse gas the industry produces.Support for…

18 Mar 2024

StormGeo takes Ownership of Climatempo

StormGeo, part of Alfa Laval, completed the acquisition of Brazil based meteorological service, Climatempo.StormGeo first took an initial 51% stake in the Climatempo Group in 2019. In 2023, a further 38.66% was secured, marking an 89.66% ownership. This takeover sees StormGeo increasing its footprint in the South American market and providing advanced services to the Brazilian customer base.

17 Mar 2024

Yemeni Fishing Vessel Hijacked in Gulf of Aden

© marinadatsenko / Adobe Stock

British security firm Ambrey said on Sunday that it had received a report that a Yemeni fishing vessel had been hijacked in the Gulf of Aden."Crew on board the fishing vessel were off-boarded in Bosaso, Somalia.

17 Mar 2024

Indian Navy Seizes Ship from Somali Pirates and Rescues 17 Crew

(Photo: Indian Navy)

Indian naval forces including special commandos seized a cargo vessel that had been hijacked by Somali pirates, rescuing 17 crew members, a spokesperson for the navy said on Saturday.The navy said in a post on social media platform X that all 35 pirates aboard the ship, the Maltese-flagged bulk cargo vessel Ruen, had surrendered, and the ship had been checked for the presence of illegal arms, ammunition and contraband.The Ruen had been hijacked last year and the navy said it had…

17 Mar 2024

Explosion Reported Near Ship Off Yemen Coast

Map courtesy JMIC

The captain of a merchant ship east of Yemen's Aden has reported an explosion near the ship, the United Kingdom Maritime Trade Operations (UKMTO) agency said early on Sunday."No damage to the vessel has been reported and the crew are reported safe. The vessel is proceeding to its next port of call," UKMTO said in an advisory note.The ship was 85 nautical miles (157 km, 98 miles) east of Aden, in an area where Houthi militant groups often target ships they say are linked to Israel or the United States.Months of Red Sea attacks by Yemen's Houthi militants have disrupted global shipping…

15 Mar 2024

Migrant Boat Sinks Off Türkiye, Children Among 22 Dead

© giannis / Adobe Stock

At least 22 people drowned, including seven children, when a rubber boat carrying migrants sank off Turkey's northwest province of Canakkale, the local governor's office said on Friday, adding that search and rescue efforts continued.In a statement, the Canakkale governor's office said that two people had been rescued by the coast guard and two others had survived "by their own means" after the boat capsized.It said a plane, two helicopters, and a total of 18 vessels from the coast guard and other rescue authorities were involved in the search and rescue efforts…

15 Mar 2024

Houthis Attack US Destroyer in Red Sea

© Alejandro / Adobe Stock

Yemen's Houthis said on Friday that the group launched an attack on "Pacific 01" ship in the Red Sea with missiles.Houthis used drones to attack a U.S destroyer, said a statement published by group's military spokesperson.It did not give any evidence of such an attack.(Reuters - Reporting by Mohammad Ghobari and Ahmed Elimam; Editing by Michael Georgy)

15 Mar 2024

CMA CGM to Halt Calls at Haiti's Port au Prince

© Yellow Boat / Adobe Stock

French shipping group CMA CGM said on Friday it was suspending its calls at Port au Prince due to the worsening security situation in the Haitian capital.The group, one of the world's largest container lines, will call at Lafito, 20 km from Port au Prince, as an alternative, while also continuing to call at Cap Haitien as usual, CMA CGM said in a customer advisory.(Reuters - Reporting by Gus Trompiz, Editing by Ingrid Melander)

15 Mar 2024

Merchant Vessel West of Yemen's Hodeidah Not Hit by Missile as Earlier Reported

© Sergey Fedoskin / Adobe Stock

A daylight inspection showed that a merchant vessel was not hit or damaged in the Red Sea off Yemen's Hodeidah after initial reports it was struck by a missile, the United Kingdom Maritime Trade Operations (UKMTO) and British security firm Ambrey said on Friday.Iran-aligned Houthi militants in Yemen have repeatedly launched drones and missiles against international commercial shipping in the region since mid-November in professed solidarity with Palestinians against Israel's war in Gaza.Their Red Sea attacks have disrupted global shipping…

15 Mar 2024

Vessel Struck by Missile West of Yemen's Hodeidah

© mino21 / Adobe Stock

A merchant vessel reported it had been hit by a missile and sustained damage 76 nautical miles west of Yemen's Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) and the British security firm Ambrey said on Friday."The vessel has sustained some damage. The crew are reported safe and the vessel is proceeding to its next port of call," the UKMTO said in an advisory note.Ambrey also reported that the ship suffered damage and that there were no injuries.UKMTO said another ship…

14 Mar 2024

Missiles Fly Over Ship near Yemen's al Hudaydah

© lesniewski / Adobe Stock

The United Kingdom Maritime Trade Operations (UKMTO) organisation said early on Friday that it had received a report that missiles passed near a ship 50 nautical miles (93 km) southwest of al Hudaydah, Yemen."The Master reported two missiles flying over the vessel and heard two loud blasts in the distance," the UKMTO said in an advisory note, referring to the person in command of the ship.It added that the vessel reported no damage and that the crew are reported safe."The vessel is proceeding to its next port of call.

14 Mar 2024

Royal Caribbean Suspends Cruise Visits to Haiti's Labadee

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Royal Caribbean Group has suspended cruise visits to Labadee, a secluded peninsula in Haiti, for the next seven days following months of escalating gang violence in the country, a senior company executive said in a Facebook post on Thursday.The company will continue the suspension as required with three days advance notice to guests sailing on impacted itineraries, Royal Caribbean International President and CEO Michael Bayley said.Violence by powerful armed gangs had gripped Haiti, causing thousands to flee their homes, after anti-government protests broke out early in February.The violent cl

14 Mar 2024

Hijacked Ship May Have Been Used in Attack near Somalia

Source: EUNAVFOR

Somali pirates who seized the Maltese-flagged bulk cargo ship Ruen in December may have used the vessel in the takeover of a Bangladesh-flagged cargo ship off the coast of Somalia two days ago, the European Union naval force said on Thursday.Somali pirates caused chaos in important global waterways for a decade leading up to 2018, but had been dormant until a resurgence of attacks starting late last year.If confirmed, Tuesday's attack from a confiscated ship would mark a return…

14 Mar 2024

Houthis Vow to Attack More Shipping Lanes

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The leader of Yemen's Houthis, Abdul Malik al-Houthi, said on Thursday the group's operations targeting vessels will escalate to prevent Israel-linked ships from passing through the Indian Ocean towards the Cape of Good Hope."Our main battle is to prevent ships linked to the Israeli enemy from passing through not only the Arabian Sea, the Red Sea and the Gulf of Aden, but also the Indian Ocean towards the Cape of Good Hope. This is a major step and we have begun to implement our operations related to it…

13 Mar 2024

Second Russian Tanker, Hit by Sanctions, Docks in China

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Russian tanker Krymsk, hit by sanctions, docked on Wednesday at the Chinese port of Dongying in eastern Shandong province, home of independent refiners, to discharge 700,000 barrels of Russian Sokol crude, LSEG and Kpler shipping data showed.This is the second Russian oil tanker, hit by sanctions, to dock at Chinese ports this month. Last week, tanker Liteyny Prospect discharged its 700,000-barrel Sokol crude cargo at the Chinese port of Huanghua near Cangzhou city in Hebei province.The Dongying port authority declined comment when contacted by Reuters.

12 Mar 2024

Houthis Fired Ballistic Missile Towards USS Laboon

Source: U.S. Navy

The U.S. Central Command (CENTCOM) said the Iran-aligned Houthis fired on Tuesday one close-range ballistic missile from Houthi-controlled areas of Yemen toward USS Laboon in the Red Sea, but it did not hit the vessel and there were no injuries or damage reported."United States Central Command and a coalition vessel successfully engaged and destroyed two unmanned aerial systems (UAS) launched from a Houthi-controlled area of Yemen," CENTCOM added in a statement early on Wednesday.(Reuters - Reporting by Enas Alashray; Editing by Jacqueline Wong)

12 Mar 2024

Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts

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Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.Nord Stream AG names Lloyd's Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London's High Court last month.Switzerland-based Nord Stream confirmed in an email there is a contractual dispute in London commercial courts between itself and insurers of the pipeline system."However…

12 Mar 2024

US Military Strikes Back After Pinocchio Vessel Attack

(Credit: CENTCOM)

The U.S. Central Command (CENTCOM) has confirmed that Yemen's Houthis fired two anti-ship ballistic missiles from their controlled areas into the Red Sea toward merchant vessel Pinocchio.The Singaporean-owned, Liberian-flagged ship was attacked on March 11, CENTOM said early on Tuesday, adding that the missiles did not impact the vessel and that there were no injuries or damage reported.Later on the same day, CENTCOM conducted six self-defense strikes destroying an unmanned underwater…

12 Mar 2024

First Aid Ship to Gaza Leaves Cyprus Port in Pilot Project

First aid ship to Gaza sets sail (Credit: World Central Kitchen)

A ship transporting almost 200 tons of food to Gaza left a port in Cyprus early on Tuesday in a pilot project to open a new sea route for aid to a population on the brink of famine.The charity ship Open Arms sailed out of Larnaca port in Cyprus, towing a barge containing flour, rice and protein.The 200-mile (320 km) voyage across the eastern Mediterranean to Gaza with a heavy tow barge could take up to 2 days, Cypriot officials have said.The mission, funded mostly by the United Arab Emirates, is organised by U.S.

11 Mar 2024

US-British Forces Strike Houthi Targets in Yemen

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Yemen's port city of Hodeidah and other western coastal areas were hit on Monday by a dozen airstrikes attributed to a U.S.-British coalition defending ships in the Red Sea, according to Al Masirah, the main Houthi-run television news outlet.The strikes follow the first civilian fatalities and vessel loss since the Iran-aligned Houthis began attacking commercial shipping in November. They also coincide with the first day of the Islamic holy month of Ramadan, a period of fasting for Muslims.Al Masirah did not specify which targets…

11 Mar 2024

Missile-Related Incident Reported Off Yemen's Hodeidah

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A missile-related incident has been reported west of Yemen's Red Sea port city of Hodeidah, British maritime security firm Ambrey said on Monday.Separately, the United Kingdom Maritime Trade Operations (UKMTO) agency said it had received a report of a sound of an explosion in the vicinity of a vessel 71 nautical miles southwest of Yemen's port of Saleef.The vessel and crew were safe, UKMTO added.Yemen's Iran-aligned Houthis have been attacking ships in the Red Sea and Gulf of Aden since November in what they say is a campaign of solidarity with Palestinians during Israel's war with Hamas in Ga

11 Mar 2024

Coast Guard Will Not Enforce New California Rule, Citing 'Safety Concerns'

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(The Center Square) - The U.S. Coast Guard says it “will not enforce” a new California Air Resources Board regulation, citing “safety concerns.”The Coast Guard and business organizations oppose CARB's requirement that commercial harbor craft install diesel particulate filters (DPF) linked to a number of fires. Seventeen states are suing the Environmental Protection Agency for giving an exemption to California alone to enact its own air standards that, by power of its market size…

10 Mar 2024

Gaza Aid Ship Waiting to Sail

Source: World Central Kitchen

A ship carrying tonnes of food for Gaza remained docked in a Cyprus port on Sunday as preparations were underway to launch a yet untested maritime aid route to the enclave, where the United Nations estimates a quarter of the population faces starvation.The Open Arms, a salvage vessel, plans to tow a barge with 200 tonnes of food, mostly funded by the UAE. The supplies were sourced by charity World Central Kitchen (WCK), which is working with Spanish non-governmental organisation Proactiva Open Arms.WCK said it has another 500 tonnes of supplies in Cyprus…

08 Mar 2024

Vessel Off Yemen Reports Explosions in Sea, Vessel and Crew Safe

(Image: UKMTO)

A vessel travelling 50 nautical miles southeast of Yemen's city of Aden reported on Friday two explosions in the sea ahead of it, but the vessel and crew were reported as safe, the United Kingdom Maritime Trade Operations (UKMTO) said.Yemen's Iran-backed Houthi group has launched drone and missile attacks on shipping in the Red Sea, Bab al-Mandab Strait and Gulf of Aden since November.

08 Mar 2024

Gram Car Carriers Refinances Viking Adventure

(Photo: Gram Car Carriers)

Norwegian shipowner Gram Car Carriers announced it has refinanced the Viking Adventure with an undisclosed Japanese bank.The new $41 million loan has a duration matching the vessels current charter ending in mid-2028 and a margin of SOFR +1.73%. This compares a margin of SOFR +4.26% under the previous lease financing which was repaid earlier this year, the company said.“We are pleased to welcome one of the premier banks in Japan in our banking group as we optimize our capital structure and cost base to maximize profit and shareholder returns.

08 Mar 2024

Who Are Yemen's Houthis and Why Are They Attacking Ships in the Red Sea?

The tanker Marlin Luanda was struck by an anti-ship missile fired by Houthi forces on January 26, 2024 (Photo: Indian Navy)

Yemen's Houthis have been attacking ships in the Red Sea since November, in what they say is a campaign of solidarity with Palestinians during the Israel-Hamas war in Gaza, prompting retaliatory U.S. and U.K. strikes against the Iran-aligned group.In the first fatalities reported since the Houthis began their attacks on shipping in one of the world's busiest trade lanes, a Houthi missile on Wednesday killed three seafarers on the Greek-owned, Barbados-flagged ship True Confidence some 50 nautical miles from Yemen's port of Aden.HistoryIn the late 1990s…

07 Mar 2024

Ship Evacuated After First Civilian Fatalities in Houthis' Red Sea Attacks

(Photo: U.S. Central Command)

India's navy evacuated all 20 crew from a stricken vessel in the Red Sea on Thursday, after a Houthi attack killed three seafarers in the first civilian fatalities from the Yemeni group's campaign against the key shipping route.The Iran-aligned militants fired a missile at the Barbados-flagged, Greek-operated True Confidence on Wednesday about 50 nautical miles off the southern Yemeni port of Aden, setting it ablaze.In a statement, the owners and manager said all 20 crew and three…

07 Mar 2024

Twin Disc Inks Deal to Acquire Katsa for $23 Million

(Photo: Twin Disc)

U.S. based power transmission equipment manufacturer Twin Disc announced it has entered into a definitive agreement to acquire Katsa, a Finnish-headquartered manufacturer of power transmission components and gearboxes for industrial and marine markets, in an all-cash transaction valued at €21 million (approximately $23 million).The transaction is expected to close in the first half of calendar year 2024, subject to customary closing conditions, including regulatory approval, Twin…

06 Mar 2024

Three Killed in Houthi Attack On Greek-owned Ship

(Photo: U.S. Central Command)

A Houthi missile attack killed three seafarers on a Red Sea merchant ship on Wednesday, U.S. Central Command (CENTCOM) said, the first fatalities reported since the Iran-aligned Yemeni group began strikes against shipping in one of the world's busiest trade lanes.The Houthis claimed responsibility for the attack, which set the Greek-owned, Barbados-flagged ship True Confidence ablaze around 50 nautical miles off the coast of Yemen's port of Aden.In an earlier message on X responding to the Houthi claim, Britain's embassy wrote: "At least 2 innocent sailors have died.

06 Mar 2024

Russia Oil Fleet Shifts Away from Liberia, Marshall Island Flags Amid US Sanctions Crackdown

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Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews with industry and government officials.The shift reflects the close relationship between the U.S. and the flag administration companies of Liberia and the Marshall Islands, which are headquartered not in their home countries, but in Virginia, just miles from Washington D.C. and within the jurisdiction of U.S.

06 Mar 2024

Iran to Unload Crude from Seized Tanker Advantage Sweet

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Iran will unload about $50 million worth of crude from a Marshall Islands-flagged tanker seized last year, the semi-official Fars news agency reported on Wednesday, in a tit-for-tat action against the United States.Advantage Sweet is a Suezmax crude tanker that had been chartered by U.S. firm Chevron and was seized in April 2023 by Iran's army following an alleged collision with an Iranian boat.The unloading of the cargo follows a Tehran court order in favor of Iranian patients of Epidermolysis Bullosa (EB)…

06 Mar 2024

Fincantieri in Talks to Buy Leonardo's Submarine Unit Wass

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Italian shipbuilder Fincantieri is in talks with Leonardo to buy the defense group's submarine unit Whitehead Alenia Sistemi Subacquei (Wass), several newspapers reported on Wednesday.Spokespersons for Fincantieri and Leonardo both declined to comment.The acquisition would have a value of between 200 and 300 million euros ($217-$326 million), Corriere della Sera and financial daily Il Sole 24 Ore reported.The move by Fincantieri would be part of the group's broader strategy to grow non-organically and focus more on the defence sector…

06 Mar 2024

Bulk Carrier Hit by Missile Off Yemen, Sailors Missing or Wounded

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The Greek-owned cargo ship True Confidence was hit by a missile about 50 nautical miles southwest of the Yemeni port of Aden on Wednesday in an attack presumed to come from Houthi forces, the ship's owner and operator said.The bulk carrier was drifting with a fire continuing onboard, their statement said, adding that no information was available on the status of 20 crew members and three armed guards onboard.But a shipping source said three sailors were missing from the Barbados-flagged bulk carrier and four others were badly burned.There was no immediate claim of responsibility.

06 Mar 2024

Rubymar Sinking Puts Coral Reefs At Risk

(Photo: U.S. Central Command)

When the Rubymar sank in the Red Sea after a Houthi attack, the ship went down carrying 21,000-tonnes of fertiliser which could trigger massive algal blooms that could create "dead zones" for marine life and starve coral reefs of light.Alongside a slick of leaking fuel, the ammonium phosphate sulphate fertilisers could deliver an extreme pulse of nutrients into waters harbouring rare corals, marine mammals and reef fish, creating a spread of foamy scum on the water.According to a maritime warning circulated to ships in the area…

06 Mar 2024

Explosion Reported Near US-Owned Cargo Ship Off Yemen

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An explosion in the vicinity of a Barbados-flagged, U.S.-owned cargo ship off the port of Aden in southern Yemen was reported by a nearby vessel, British security firm Ambrey said on Wednesday.The ship, located approximately 57 nautical miles southwest of Aden, was hailed by an entity declaring itself to be the "Yemeni Navy" and ordered to alter course, Ambrey said.Vessels in the vicinity reported a loud bang and a large plume of smoke, the United Kingdom Maritime Trade Operations (UKMTO) agency said.Houthi militants in Yemen have launched drone and missile attacks on shipping in the Red Sea…

06 Mar 2024

Hanwha Launches New Affiliate Rounding Off Its Total Shipbuilding Solutions Capabilities

Hanwha Engine Launch Ceremony (Credit: Hanwha)

With the launch of Hanwha Engine, South Korea’s shipbuilder Hanwha has become fully equipped to provide total shipbuilding solutions, including engine production with in-house manufacturing and technology capabilities.Hanwha has officially launched its new affiliate, Hanwha Engine, after successfully acquiring HSD Engine, the world’s second-largest marine engine company in terms of market share.According to the company, it will leverage Hanwha Engine’s abundant experience in marine engine production and the synergy among Hanwha affiliates to develop and commercialize eco-friendly fuel engines…

05 Mar 2024

Italy Impounds Charity Ship Involved in Dispute with Libya

(Photo: Maria Giulia Trombini / SOS Humanity)

A German charity vessel was on Tuesday impounded by Italian authorities after it ran into a dispute with the Libyan coast guard over the rescue of as many as 100 migrants in international waters.Italy often temporarily blocks the operations of charity-operated rescue vessels on the basis of a migration decree introduced last year by Prime Minister Giorgia Meloni's rightist government.The Humanity 1, operated by the SOS Humanity organization, was blocked for 20 days in the southern port of Crotone…

05 Mar 2024

MSC Containership Hit by Houthi Missile Sailing to Djibouti

(Photo: Indian Navy)

Container ship MSC Sky II was continuing its voyage to Djibouti on Tuesday after being hit by a missile a day earlier near Yemen's port city of Aden, its operator MSC said.MSC Sky II was hit by a missile about 85 miles southeast of Aden and 170 miles east-southeast of the Bab al-Mandab Strait while it was sailing from Singapore to Djibouti, the Swiss-headquartered MSC said in a statement."The missile caused a small fire that has been extinguished while no crew were injured. She is currently continuing her journey to Djibouti and will arrive today for further assessment…

05 Mar 2024

Yemen's Houthis Hit Container Vessel in Gulf of Aden with Missile

© Kalyakan / Adobe Stock

One of two anti-ship ballistic missiles fired by Yemen's Houthis at the container vessel M/V MSC SKY II in the Gulf of Aden hit the ship and caused "damage", the U.S. Central Command (CENTCOM) said on Tuesday.Initial reports indicated no injuries and the Liberian-flagged, Swiss-owned container vessel did not request assistance and continued on its way, CENTCOM said in a statement.A military spokesperson for the Iran-aligned Houthis said on Monday that they targeted the vessel with "a number of suitable naval missiles".

05 Mar 2024

Ukrainian Sea Drones Damage Russian Black Sea Fleet Patrol Ship Near Crimea

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Ukrainian sea drones damaged a Russian Black Sea Fleet patrol ship off occupied Crimea, Ukrainian military intelligence said on Tuesday.The intelligence agency said on Telegram messaging app that its special unit Group 13 attacked the Russian Black Sea Fleet patrol ship Sergey Kotov near the Kerch Strait."As a result of a strike by Magura V5 maritime drones, the Russian ship Project 22160 Sergey Kotov sustained damage to the stern, starboard and port sides," it said. The message added that the ship was worth about $65 million.Andriy Yermak…

04 Mar 2024

Italian Naval Ship Shoots Down Drone in Red Sea

(Photo: Italian Ministry of Defense)

An Italian navy ship shot down a drone flying towards it in the Red Sea on Saturday, the defence ministry said.A ministry statement described the action as self-defence by the Duilio, which is helping protect trade routes from drone and missile attacks by Yemen's Houthi militia."The drone, with similar characteristics to those already used in previous attacks, was about 6 km (3.73 miles) from the Italian ship, flying towards it," the statement said.Defence Minister Guido Crosetto said the Houthi attacks…

04 Mar 2024

War Insurers Shrug off Rubymar Sinking in Red Sea, Rates Stable

On March 2 at approximately 2:15 a.m. (Sanaa time), Rubymar, a Belize-flagged, UK-owned bulk carrier, sank in the Red Sea after being struck by an Iranian-backed Houthi anti-ship ballistic missile on Feb. 18. The ship had been slowly taking on water since the attack. (Photo: U.S. Central Command)

The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, industry sources said.The cost of insuring a seven-day voyage through the Red Sea has risen by hundreds of thousands of dollars since Yemen's Iran-aligned Houthis began attacking shipping in the area in November in a show of solidarity with Palestinians in…

04 Mar 2024

Iridium Acquires Satelles

Image courtesy Iridium

Iridium Communications has entered into an agreement to acquire Satelles, Inc., a leader in secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. The service, named Satellite Time and Location (STL), is designed as an easy-to-adopt, secure solution that increases the efficiency and reliability of timing systems for digital infrastructure like 5G base stations, data centers, and other critical infrastructure and protects…

04 Mar 2024

MOL Wraps Up Fairfield Chemical Carriers Acquisition

MOL Chemical Tankers-operated chemical tanker Ensemble (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has, through its subsidiary MOL Chemical Tankers, completed the acquisition of Fairfield Chemical Carriers, creating one of the world’s largest multi-segregated chemical tanker fleets.The acquisition, valued at $400 million, is based on a share transfer agreement signed at the end of September 2023, which has been approved by the relevant authorities under competition law.The transaction is in line with MOL’s plan to proactively invest in chemical tanker business…

03 Mar 2024

Houthis Blame UK and US for Glitch in Red Sea Undersea Cables

USS Mason (DDG 87) has shot down Anti-Ship Ballistic Missiles (ASBM) launched into the Gulf of Aden from Iranian-backed Houthi controlled areas of Yemen. Source: US CENTCOM

The Houthi Transport Ministry in Yemen said on Saturday there had been a "glitch" in undersea communication cables in the Red Sea as a result of actions by U.S. and British naval vessels.The actions "endangered the security and safety of the international communications and the flow of information," the ministry said in a statement, reported by the Houthi-run Saba news agency, without giving details."Any glitch in these cables as a result of the militarization of the Red Sea by U.S.

03 Mar 2024

Houthis Say They Will Continue Sinking British Ships

On Feb. 18 between 9:30 p.m. and 10:40 p.m., Iran-backed Houthi terrorists attacked the M/V Rubymar, a Belize-flagged, UK-owned bulk carrier. Source: US CENTCOM

Yemen's Iran-backed Houthis vowed on Sunday to continue targeting British ships in the Gulf of Aden following the sinking of UK-owned vessel Rubymar.The U.S. military confirmed on Saturday that the UK-owned vessel Rubymar had sunk after being struck by an anti-ship ballistic missile fired by Yemeni Houthi militants on Feb. 18."Yemen will continue to sink more British ships, and any repercussions or other damages will be added to Britain's bill," Hussein al-Ezzi, deputy foreign minister in the Houthi-led government…

01 Mar 2024

Only Grain Ships from Black Sea and for Iran Still Crossing Red Sea

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Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday.The attacks by the Iran-aligned Houthis have disrupted global shipping since November and forced firms to re-route to longer and more expensive journeys around southern Africa."Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea…

01 Mar 2024

Ukraine Expands Ship War Insurance with Marsh & Lloyd's to Iron Ore, Steel

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Insurance broker Marsh and Lloyd's of London underwriters have expanded a marine war insurance program backed by Ukraine from grain shipments to all non-military cargo, such as iron ore and steel, Marsh said on Friday.Marsh, Lloyd's and Ukrainian state banks launched an initial program in November to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor, following Russia's invasion of Ukraine two years ago."Expanding insurance to cover ships carrying all non-military cargo is extremely important for Ukraine…

01 Mar 2024

US Says it Struck Missiles, Drone that Posed Threat to Red Sea Ships

(Photo: U.S. Central Command)

The U.S. military said it conducted strikes on Thursday against anti-ship missiles and an aerial drone that posed a threat to Red Sea shipping.U.S. Central Command (CENTCOM) said its forces shot down an unmanned aerial vehicle (UAV) over the southern Red Sea and conducted two strikes against six mobile anti-ship cruise missiles that were prepared to launch toward the Red Sea, labeling both actions as self-defense.Military officials determined that the missiles and drone "presented an imminent threat to merchant vessels and to the U.S.

29 Feb 2024

KOTUG Takes Full Ownership of Its Bahamas Towage JV with SEACOR

(File photo; KSM)

KOTUG International, a marine services and towage provider based in the Netherlands, announced on Thursday it has concluded its acquisition of Kotug Seabulk Maritime (KSM), taking full ownership of the Caribbean marine towage business.KOTUG said it has acquired the interest of its joint venture partner, Fort Lauderdale, Fla.-based SEACOR Holdings via its Seabulk subsidiary KS Maritime Holdings, owner of the 50% share in KSM.Founded in 2017, KSM acts as the exclusive provider of maritime terminal support services for Buckeye Partners’ Bahamas Hub…

29 Feb 2024

CMA CGM Caps Logistics Push with $5 Billion Bollore Deal

© K I Photography / Adobe Stock

France's CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as it seeks to counter volatility in container shipping.The acquisition of the logistics division of French conglomerate Bollore, announced last year, closed on Thursday at a final price of 4.85 billion euros ($5.25 billion) after debt and cash adjustments.The deal will extend the reach of CMA CGM's CEVA Logistics unit into areas such as freight management for pharmaceutical, cosmetics and luxury firms.CMA CGM, based in Marseille and privately controlled

28 Feb 2024

US Hits Iran with New Sanctions Targeting Commanders, Shipping

© Creuxnoir / Adobe Stock

The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday.Mohammad Reza Falahzadeh, deputy commander of Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), and Ibrahim al-Nashiri, a member of Yemen's Houthi militia, were designated under the sanctions, the Treasury Department said.The Iranian military has provided weapons and intelligence support to the Houthis that support the group's attacks on international shipping in the Red Sea…

28 Feb 2024

German Warship Shoots Down Two Drones in the Red Sea

(Photo: Yvonne Albert, courtesy Bundeswehr / Leon Rodewald)

A German warship shot down two drones in the Red Sea on Tuesday amid escalating attacks by Yemen's Houthis and efforts by the European Union to protect international shipping, German officials said.Shipping risks have increased due to repeated strikes by the Iran-aligned Houthis in the Red Sea and Bab al-Mandab Strait since November in what they describe as acts of solidarity with Palestinians against Israel in the Gaza war.U.S. and British forces have responded with several airstrikes on Houthi facilities but have so far failed to halt the attacks.The German navy frigate Hessen…

27 Feb 2024

Centerline Logistics Acquires Tugs and Barges from JMB Shipping

(File photo: Centerline Logistics)

Seattle-based maritime transportation provider Centerline Logistics announced it has acquired a fleet of four liquid tank barges and four tugboats from maritime asset holding company JMB Shipping.The deal closed on February 23, and its terms were not disclosed. Prior to the acquisition, JMB Shipping was owned by JMB Capital Partners Lending, an investment firm that bid $115 million in 2021 to purchase a portion of Bouchard Transportation's tug and barge fleet after the New York-based marine transport company went bankrupt.

27 Feb 2024

Houthis Say They Can Reassess Red Sea Attacks if Israeli 'Aggression' Stops

(Photo: Screenshot from video shared by Yemeni Armed Forces)

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…

26 Feb 2024

Officials Urge EPA to Remove Toxic 'Forever Chemicals' from the Hudson River

(File photo: EPA)

U.S. Senator Kirsten Gillibrand earlier this month stood with local leaders and environmental advocates at Albany City Hall to demand that the Environmental Protection Agency (EPA) take additional action to clean up polychlorinated biphenyl (PCB) “forever chemicals” in the Hudson River.PCBs are toxic manmade chemicals that can linger in water and soil for decades. Exposure is associated with a variety of serious health conditions, including cancer.From 1947 to 1977, General Electric dumped 1.2 million pounds of PCBs into the Hudson River north of Albany.