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C-Suite Interview: Hayato Suga, President & CEO, ClassNK
Classification societies have always occupied a unique position in maritime: technical arbiters, rule makers, certifiers, and, increasingly, strategic advisors helping shipowners navigate some of the most consequential decisions in shipping’s and shipbuilding’s history. As maritime grapples with decarbonization mandates, digital transformation, automation, and the growing influence of artificial intelligence…
Damen Delivers Landing Utility Vessel to Blueshell Mussels
On April 20, Damen Shipyards Group signed a contract with Blueshell Mussels for the delivery of a Landing Utility Vessel (LUV) 2208. The vessel, named Bountiful, is supporting the company’s mussel harvesting operation in the Shetland Islands off the north coast of Scotland.Blueshell Mussels is a family-owned business located in Brae, on the island of Mainland. The company approached Damen when they…
Sanmar's Dual Fuel Methanol Escort Tug Receives Full Class Certification
Sanmar Shipyards has reached a milestone in sustainable maritime innovation as SD AISEMAHT, the world's first dual fuel methanol escort and rescue tug built for KOTUG Canada, has officially been granted full class certification by ABS.Constructed by Sanmar Shipyards and based on the RAsalvor 4400-DFM design developed by Canadian naval architects Robert Allan Ltd., the 44-meter vessel is one of two new-generation tugs that will support Canada's Trans Mountain Expansion Project (TMEP).
Hanwha Ocean Partners with Thordon Bearings on Canadian Submarine Bid
South Korea’s Hanwha Ocean and Canadian marine bearing manufacturer Thordon Bearings have signed a memorandum of understanding (MoU) to explore cooperation on Canada’s submarine procurement program and other naval projects.The agreement focuses on the Canadian Patrol Submarine Program, one of the largest conventional submarine procurement programs currently planned, under which Hanwha Ocean has been…
VPS: Abrasive Catfines Can Damage Marine Engines
A common concern of maritime chief engineers, regarding vessel engine damages, is the presence of highly abrasive “catfines” within marine fuel. To fully understand the seriousness of this issue, we first need to understand the source of the problem.Oil refineries use catalysts in their Fluid Catalytic Cracking Units (FCCU) or “Cat Plants” to process crude oils in the production of numerous products from the source crude.
Ethical Farming Ireland Objects to Pregnant Heifer Shipping
Ethical Farming Ireland (EFI) has launched a new billboard campaign to raise awareness of pregnant dairy heifers being shipped to Algeria.The first shipment of pregnant dairy heifers left Waterford Port for Oran and Algiers ports in Algeria on January 4, 2025, and there have been three more shipments since.“Algeria is building its dairy sector so is in need of good quality milking cows. Ironically…
European Energy Shortages Could Be Felt By April
Energy shortages could hit Europe by next month, Shell CEO Wael Sawan said on Tuesday, adding that securing adequate energy supply was critical to national security.Countries cannot have national security without energy security, Sawan said, adding that Shell was trying to work with governments to help them address the energy crisis, including with storage and purchasing. The Middle East conflict, now in its fourth week…
Built on the Rivers: Aimee Andres and the Expanding Role of America’s Inland Ports
For Aimee Andres, the nation’s inland rivers are not an abstract transportation network or a policy talking point. They are personal. Growing up, she spent her formative years around ports, terminals and railroads, watching firsthand how freight moved and how quietly essential inland infrastructure is to the country’s economic engine. That upbringing ultimately led her to a role she has now held for more than a decade: Executive Director of Inland Rivers, Ports & Terminals (IRPT).
Germany's TKMS Submits Non-Binding Offer for Canada Submarine Tender
Warship builder TKMS has submitted a non-binding offer along with Norway for a multi-billion-dollar submarine contract from Canada, a company spokesperson told Reuters on Tuesday.The offer consists of around 1,500 pages and is supported by the governments of both countries.TKMS is one of two companies shortlisted by Canada to supply up to twelve modern submarines. Its competitor is Hanwha Ocean 042660.KS…
US Navy Says Escorts Not Possible but Destroys Mine-Layers
The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, according to sources familiar with the matter.The Navy's assessments spell continued disruption to Middle East oil exports and reflect a divergence from President Donald Trump’s statements that the U.S.
Op/Ed: Crude Oil's Iran Premium Assumes No Supply Disruption
The premium currently built into the crude oil price over tensions between the United States and Iran fluctuates according to the daily headlines, but there is an underlying assumption that everything will turn out fine.Global benchmark Brent futures LCOc1 jumped 4.4% on Wednesday to close at $70.35 a barrel, the highest finish since January 30.The increase was largely driven by news reports that Iran and Russia will conduct navy drills in the Sea of Oman and the northern Indian Ocean on Thursda
Load of Venezuelan Oil Ships to Repsol
About 2 million barrels of Venezuelan heavy crude are being sent to refineries owned by oil producer Repsol in Spain, following purchases the company negotiated with trading house Trafigura, according to shipping schedules seen by Reuters.Trafigura and Vitol were granted U.S. licenses last month to export millions of barrels of Venezuelan oil to the U.S. and other destinations, following the U.S. capture of President Nicolas Maduro.
Kuwait Oil Co in Talks with US to Develop Shale Resources
Kuwait Oil Company is in talks with some U.S. firms including Devon Energy and EOG on potential cooperation to develop its shale oil and gas resources, its CEO said on Thursday.KOC is "engaging with some U.S. operators to explore how their expertise can support the development of Kuwait’s shale oil and shale gas resources", Ahmad Al-Eidan said on the sidelines of the Kuwait Oil & Gas Show.This would be the first time Kuwait has sought to develop its shale oil and shale gas resources…
U.S. Shipbuilding: Tactical Strategy or Ready to Cut Steel in 2026?
Maritime 2026 opened with a bang between the announcement of Battleships, Venezuela, shadow fleets and yes, U.S. shipbuilding. The commercial building issue may come down to strategic patience or the adaptability to evolve through new technology while ignoring historic, old tactics. The subject requires another year of debate as the line separating the success or failure of Naval and Commercial shipbuilding in the U.S. is slowly becoming a blur.
Latvia Finds No Link Between Ship, Baltic Cable Breach
Latvian police have found no evidence linking a ship docked in the port of Liepaja to damage to an underwater telecoms cable running in the Baltic Sea from Latvia to Lithuania, but are investigating the incident further, authorities said on Monday.The Baltic Sea region is on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022, and the NATO military alliance has boosted its presence with frigates…
d’AMICO Orders Pair of Eco Design Vessels
Product tankers shipowner d’Amico International Shipping S.A. said its operating subsidiary d’Amico Tankers D.A.C. (Ireland) signed a shipbuilding contract with Guangzhou Shipyard International Company Limited (China) for two new Medium Range 1 (MR1 – 40,000 DWT) product tanker vessels at a contract price of $43.2 million each. The ships are expected to be delivered to d'Amico Tankers in April and July 2029, respectively.
New Zealand's Offshore Patrol Vessel Otago to Resume Operations in 2026
The New Zealand Navy will return to service in the third quarter of 2026 one of two offshore patrol vessels idle since 2021, the chief of the defence force said on Tuesday, at a cost running into millions of dollars.Tony Davies told a select committee of parliament the decision to bring HMNZS Otago out of care and custody arrangements followed the sinking of a specialist dive and hydrographic vessel…
Some US Republicans Demand Answers on Venezuela Strikes
Some congressional Republicans expressed concern about U.S. military actions off Venezuela's coast and joined Democrats in pledging to look into multiple strikes on one boat, although there was no word on Monday of any briefings or hearings.White House spokeswoman Karoline Leavitt on Monday confirmed there had been two strikes on one boat in early September, saying they were within the law and authorized by Defense Secretary Pete Hegseth…
NKT Completes Export Cable Repair at Beatrice Offshore Wind Farm
Danish power cable maker and services provider NKT has concluded a turnkey repair of one of the 220 kV high-voltage AC subsea export cables connecting the Beatrice offshore wind farm in the Scottish Moray Firth to the Aberdeenshire coast.The repair was executed in 38 days, according to NKT, which was hired for the repair job following an unplanned transmission outage that occurred in April 2025 on…
September U.S. Container Imports Contract Amid Tariff Uncertainty
Descartes has released its September Global Shipping Report, which analyzes the latest economic and logistics trends shaping U.S. imports and global trade.According to data from Descartes’ global trade intelligence platform, Descartes Datamyne:U.S. container imports declined 8.4% from August, reaching over 2.3M TEUs in September – representing the third-highest September on record. Its volumes are 1.9% ahead of the same period in 2024…
