I Facility News

Ports of Indiana has opened a new federally approved bonded storage facility at its Mount Vernon port, marking a major expansion of capabilities and enabling the port to handle its first barge shipment of aluminum.The shipment, totaling approximately 1,650 tons of aluminum, arrived after traveling by ocean vessel from Asia to New Orleans and then by barge to Indiana. The aluminum will be distributed to Midwest manufacturers, where it will be used in a wide range of applications…

Manufacturing company Hadrian has opened a new facility in Cherokee, Alabama dedicated to the U.S. Navy's Columbia- and Virginia-class submarine programs.Known as Factory 4, the Cherokee facility is an advanced, highly automated manufacturing plant that will mass-produce components needed for submarine construction, including parts, assemblies, and finished products.These products have been identified by the industry as the largest drivers of submarine schedules, so increasing…

Eid al-Fitr has arrived to greet the world's ship recycling markets this week, and as is tradition, it came bearing the gift of silence, reports cash buyer GMS. “From Chattogram to Gadani, Alang to Aliağa, the holy festival has pressed pause on an industry that was already beginning to feel the compounding weight of war, currency volatility, and a stubborn absence of fresh tonnage offerings.”The ongoing conflict in the Middle East, which has now stretched into its third week following the U.S.-Israeli military campaign against Iran…

Aker Solutions has been awarded a front-end engineering and design (FEED) contract by KN Energies to support the development of the company’s CO₂ transshipment terminal infrastructure project in Klaipėda, Lithuania.The project forms part of the CCS Baltic Consortium, which aims to develop the first cross-border carbon capture, transport, and storage (CCS) network in the Baltic region. The Klaipėda terminal infrastructure development is recognized as a project of common interest…

Dorian LPG took delivery of its 93,000 cubic meter (cbm) dual-fuel newbuilding named Areion an LPG and ammonia very large gas carrier (VLGC/AC) from Hanwha Ocean Heavy Industries Co., Ltd. at the Okpo Shipyard in South Korea. Areion will commence employment on charter under the Helios LPG Pool, an entity jointly controlled by Dorian LPG Ltd and MOL Energia Pte Ltd., with offices in Copenhagen and Singapore.DID YOU KNOW? “Areion”, in Greek Mythology, is the name given to a black-maned horse known for its extraordinary speed…

Fincantieri has launched what it says will be the world’s first hydrogen-powered cruise ship. Viking Libra was floated out at the company’s Ancona shipyard in Italy and is being built for cruise operator Viking, with delivery scheduled for late 2026.At approximately 54,300 gross tons and 239 meters long, the ship will accommodate up to 998 passengers across 499 cabins, consistent with Viking’s small-ship positioning. The vessel will feature a hybrid propulsion system incorporating liquefied hydrogen and fuel cells, enabling zero-emission operations in certain conditions.

The Northwest Seaport Alliance (NWSA) reports that February 2026 total container volume (international and domestic) reached 207,725 TEUs, down 19.4% compared to February 2025, when shippers were frontloading cargo ahead of expected tariffs.While full imports decreased 29.5%, full exports were up 4.9%. YTD volumes at 435,890 TEUs are down 16.6%, with full imports declining 22.6% and full exports increasing 2.2%.Alongside terminal operator partner SSA Terminals, the NWSA has celebrated…

Iran accused Israel of striking its facilities in the huge South Pars gas field on Wednesday in a major escalation in the U.S.-Israeli war that sent oil prices shooting higher, and retaliated by vowing attacks on oil and gas targets throughout the Gulf, firing missiles at Qatar and Saudi Arabia.Qatar's state oil giant QatarEnergy reported "extensive damage" after the Ras Laffan Industrial City, an energy-industry hub, was hit by Iranian missiles. Saudi Arabia said it had intercepted…

For Capt. Paul C. LaMarre III, the maritime industry isn’t a career choice as much as it is a family inheritance — and, in his words, “all I’ve known my entire life.” In a recent interview with Maritime Reporter TV, Captain LaMarre gives unique insights on the operating efficiently, effectively and safely on the Great Lakes system – the United States’ ‘Fourth Sea’ – and with passion, intellect and purpose advocates for a strong U.S. maritime industry.A third-generation Great Lakes mariner…

Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli war on Iran has disrupted oil and gas shipping and halted some output.France's TotalEnergies, which has the biggest upstream exposure to the region compared with its global output, has said some 15% of its production is offline due to the war.Here are some details on the majors' production in the Middle East, in alphabetical order:BPBP's oil and gas output in the Middle East in 2025…

ClassNK has certified Salam’s International, a ship recycling facility in Pakistan, as the first facility in the country to be certified by ClassNK for compliance with the Hong Kong International Convention for ship recycling. Based on this certification, the competent authority in Pakistan is expected to issue the Document of Authorization to conduct Ship Recycling (DASR) as required by the Convention.Pakistan acceded to the Hong Kong Convention in November 2023, and ship recycling facilities in the country have since been working toward compliance.

Panama Ports Company (PPC), a unit of Hong Kong conglomerate CK Hutchison 0001.HK, said on Monday that the Panamanian government failed to file its response by the March 13 deadline in an international arbitration brought by the company.PPC said the deadline was set by the International Court of Arbitration of the International Chamber of Commerce (ICC) and that Panama sought a partial extension, saying it was not ready to respond because it had not hired lawyers and needed time…

Several U.S. allies rebuffed Donald Trump's call on Monday to send warships to escort tankers through the Strait of Hormuz, drawing criticism from the U.S. president, who accused Western partners of ingratitude after decades of support.The U.S.-Israeli war on Iran is in its third week with no end in sight. The critical Strait of Hormuz, through which 20% of the world's oil and liquefied natural gas flow, remains largely closed off, raising energy prices and fears of inflation.The conflict has already imposed economic costs on U.S.

Woodfibre LNG has welcomed one of the most important modules of its facility to site as the liquefaction module arrived aboard the specialized heavy cargo vessel Red Zed 1. The liquefaction module is the 15th module to arrive at site as the project moves closer to construction completion.Weighing 10,847 metric tonnes, it is the heaviest module to become part of the future Woodfibre LNG facility. Occupying a footprint roughly the size of a football field, it is also among the largest.“The liquefaction module is the beating heart of our facility. It’s the core of how we will transform B.C.

Kent has been selected by EnEarth, to perform the front end engineering design (FEED) for the Prinos CO₂ Storage Project in Northern Greece.Kent will develop the FEED design for the new CO₂ handling and storage facility, which will receive, store, transport, and inject CO₂ into the Prinos aquifer underlying the existing reservoir.The Prinos CO2 Storage Project is the first of its kind that has been awarded an environmental permit and a storage permit in the Mediterranean, and one of the very few in Europe.

Mediterranean Shipping Company (MSC) signed a 45-year sub-concession agreement with Nigerdock to develop, operate, and maintain an exclusive container terminal spanning 30 hectares within Snake Island Port (SIP), Lagos.The new container terminal will be completed by 2028 with a 910-m quay, six Ship-to-Shore (STS) cranes, two ship berths, three barge berths, and up to 18 meters of draft.“We are thrilled to take this step forward in our partnership with MSC to develop a world-class container terminal within Snake Island Port," said Nigerdock CEO, Maher Jarmakani.

The International Labor Organization (ILO) launched a pilot Employment Injury Scheme (EIS) in collaboration with BIMCO to strengthen the protection and rights of workers at ship recycling yards in Bangladesh, the world’s biggest ship recycling nation.The scheme works as a social insurance where the risk is pooled and shared by the industry. By paying into the EIS, sellers of end-of-life ships can help ensure that workers and their families receive adequate and timely compensation, in line with international labour standards, in case of permanent injury or death.

Insurance giant Chubb will be the lead partner on the U.S. International Development Finance Corporation's $20 billion Maritime Reinsurance Plan aimed at resuming commercial shipping in the Gulf, the agency said on Wednesday.The U.S.-Israeli conflict with Iran has widened sharply in recent days and paralyzed shipping traffic through the Strait of Hormuz, a major global chokepoint in the Gulf.Iran said the world should be prepared for oil to hit $200 a barrel as its forces attacked merchant ships on Wednesday in the blockaded Gulf. Meanwhile, U.S.

Equinor has entered into a two-year bio-methanol supply agreement with Wallenius Wilhelmsen, a major global player in shipping and vehicle logistics, supporting a growing marine segment for low-carbon fuels.Soon bio-methanol from Equinor will fuel ships that are bringing cars and machinery from points of production to markets. Wallenius Wilhelmsen is a roll‑on/roll‑off (RoRo) shipping and vehicle logistics giant, and will use the bio‑methanol as bunker fuel for its upcoming dual‑fuel…

Abu Dhabi state oil giant ADNOC has shut its Ruwais refinery, a source said on Tuesday, after a fire broke out at a facility within the complex following a drone strike, the latest disruption to energy infrastructure due to the U.S.-Israeli war on Iran.Abu Dhabi authorities were responding to a fire at the facility following a drone attack, the emirate's government media office said on Tuesday, adding there were no injuries.

Germany-based gearbox manufacturer REINTJES is expanding its global after-sales capabilities with the establishment of a dedicated spare parts warehouse at its headquarters in Hameln, Germany, a move aimed at strengthening service support for its international customer base.The long-established company, known for supplying high-performance marine and industrial gearboxes, designs and manufactures its products in Hameln before shipping them to shipowners, operators and industrial clients around the world.

Semco Maritime and Zamakona Yards have formed a strategic alliance to establish Las Palmas Shipyard, a new hub for rig upgrades, vessel maintenance and offshore modification projects in the Canary Islands.The partnership combines Semco Maritime’s engineering and project execution expertise with Zamakona’s shipyard infrastructure and marine services capabilities. Operations at the Las Palmas facility have already begun.The shipyard is designed to support rig owners, offshore operators and special vessel clients by providing integrated services covering upgrades…

Bapco Energies has declared force majeure on its group operations following the impact of the ongoing regional conflict in the Middle East and a recent attack on its refinery complex.The Bahrain-based integrated energy company said the declaration applies to operations affected by the incident.Despite the disruption, the company said local fuel supply remains secure and that domestic demand continues to be met through contingency plans already in place.According to reports, thick smoke was seen rising from the direction of the Bapco refinery on March 9.