Oil and Gas Traders to Seek Tariffs Exemptions from China for US Imports

Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos…
GTT Deepens Collaboration with COSCO for Multi-Gas Vessels Development

French engineering firm Gaztransport & Technigaz (GTT), COSCO Shipping LNG Investment (Shanghai) (CSLNG), and COSCO Shipping Heavy Industry (CHI) have signed a strategic cooperation agreement for multi-gas vessels development.The three parties have agreed to carry out an in-depth partnership in the fields of LNG Carriers (LNGCs), Ultra Large ethane carriers (ULECs), Very Large Ethane Carriers (VLECs)…
Ocean Winds Lines Up Cadeler’s Vessel for Work at Polish Offshore Wind Farm

Danish offshore wind installation firm Cadeler has signed a vessel reservation agreement with Ocean Winds for the installation of the wind turbine generators at BC-Wind offshore wind farm in the Polish Baltic Sea.The potential value of the contract to be negotiated during the pendency of the agreement is estimated to be between $49 million and $58 million.Under the vessel reservation agreement, Cadeler…
Ammonia Advances

Taking a well-to-wake approach to CO2 emissions means that the shipping industry will look beyond emerging engine technologies such as dual-fuel ammonia engines when considering the viability of alternative fuels.Engine manufacturers are optimizing combustion and reducing pilot fuel requirements, but any pilot diesel requirements mean the process is not 100% carbon free.This week, Hanwha Power Systems, Hanwha Ocean and Baker Hughes announced a different concept.
RIB Boat Manufacturer Novielli to Set Up New Production Site

Novielli Boats maintains a distinguished position in the global RIB boat (Rigid Inflatable Boat) market, thanks to advanced engineering principles, attention to structural integrity, and a keen focus on operator experience. With a production schedule that has accelerated in recent years, the brand’s flagship models have become the choice of both commercial outfits and recreational enthusiasts seeking reliability and refined power on open water.
Oil Executives Call for Cautious Return to Red Sea

Oil executives called on Thursday for a return to navigation through the Red Sea en route to the Suez Canal following a halt in attacks by Iran-backed Houthi rebels, but said firms were cautiously monitoring shipping conditions and competitors.A Liberian-flagged oil tanker that was attacked last year sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since…
Panama President Tells US to Stop Spreading Lies

Panama President Jose Raul Mulino said on Thursday the U.S. was spreading "lies and falsehoods" after the State Department claimed U.S. government vessels would be able to pass through the Panama Canal without paying.The comments were likely to exacerbate tensions between the two countries after the U.S. had cited progress on military cooperation and confronting alleged Chinese influence over the canal.Later, Mulino added on social media that he would speak to U.S.
Captains of Ships Damaging Baltic Cables could be Sanctioned

Captains of ships that damage underwater infrastructure in the Baltic Sea such as telecoms cables or pipelines should be put under EU sanctions to deter such acts, Polish Foreign Minister Radoslaw Sikorski said on Thursday.Sikorski said Poland, which holds the European Union's rotating presidency, wanted the proposal to be part of the next, 16th package of sanctions against Russia for its invasion of Ukraine…
Smuggled Horses Intercepted at Port

Twenty horses have been found travelling on an illegal transport in horrific conditions, reports World Horse Welfare.Some of the horses are suspected of being smuggled for fattening and slaughter despite the ban on live exports in May 2024.Those on board included Irish Thoroughbreds, Connemaras and leisure ponies – alongside animals that were being moved legitimately.Many of the horses were too sick and weak to travel…
Denmark Releases Maritime Security Strategy

The Danish government today presented its Global Strategy for Maritime Security supported by the Ministry of Defence, the Ministry of Industry, Trade and Industry, the Ministry of Foreign Affairs and the Ministry of Justice.The strategy focuses on international challenges to maritime security and outlines three overarching principles for Denmark's work to secure the right to freedom of navigation in…
FMC Approves Operation of Premier Alliance

The US Federal Maritime Commission (FMC) has announced that the Premier Alliance Agreement (No. 201435) can take effect on February 9, 2025.The Premier Alliance is replacing THE Alliance, but does not include Hapag-Lloyd which instead entered the Gemini Cooperation with Maersk.The new arrangement allows Hyundai Merchant Marine (HMM), Ocean Network Express (ONE) and Yang Ming to share vessels on trade lines between the United States and Asia…
Odfjell Reports Record Year Despite Market Softening

Norwegian tanker company Odfjell has reported its results for the preliminary full-year and fourth quarter of 2024 indicating a record strong year.The company has continued to perform well in the final quarter of the year despite a slightly softer market. It delivered a solid financial result in line with Q4 2023 but below record levels from the last three quarters. Time charter earnings ended at $183 million…
Large Wreckage Removed from Potomac River

The U.S. Army Corps of Engineers (USACE), Baltimore District, the U.S. Coast Guard (USCG) and U.S. Navy’s Supervisor of Salvage and Diving (SUPSALV), have removed all the major components of the American Airlines regional jet and U.S. Army Black Hawk helicopter from the Potomac River.The PSA Airlines Bombardier CRJ700 airplane operated as American Airlines Flight 5342 from Wichita, Kansas, to Reagan Washington National Airport and the US Army helicopter collided at 8:47 p.m.
GTT and COSCO to Cooperate on Training and Shipbuilding

GTT, COSCO Shipping LNG Investment (Shanghai) and COSCO Shipping Heavy Industry have signed a strategic cooperation agreement for the construction of LNG carriers.The three parties have agreed to carry out an in-depth partnership in the fields of LNG carriers, ultra large ethane carriers (ULECs), very large ethane carriers (VLECs), floating liquefied natural gas (FLNGs), as well as LNG and ammonia…
JettyLight to Acquire Historic Ferry for Maryland

JettyLight LLC has announced plans to acquire the historic Oxford-Bellevue Ferry Service and the TALBOT Ferry.The acquisition underscores JettyLight’s commitment to preserving maritime heritage while enhancing ferry operations for the communities of Maryland’s Eastern Shore.As the oldest privately operated ferry in the United States, the Oxford-Bellevue Ferry has provided reliable service across the Tred Avon River since 1683…
Panama Canal Transits Drop in Favor of Alternatives

Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting through the Panama Canal was 10% lower than the 2019-22 average.Although there were no transit restrictions during this period, transits of dry bulk, LNG and, to a lesser extent, tankers have not recovered to their historical levels, says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Between June 2023 and September 2024…
IMO Adopts Revised Action Plan to Combat Marine Plastic Litter

The IMO’s Sub-Committee on Pollution Prevention and Response has agreed on the draft 2025 Action Plan to Address Marine Plastic Litter from Ships, with a view to its approval by the Marine Environment Protection Committee in April 2025.The draft was agreed at the 12th session of the Sub-Committee on Pollution Prevention and Response, which was held at IMO Headquarters in London in January 2025. The 2025 Action Plan was prepared following a revision of the initial Action Plan approved in 2018…
Inmarsat to Upgrade Maritime Connectivity Services Across Maersk's Fleet

Maersk and Inmarsat Maritime have signed an agreement to upgrade satellite communications services across the Danish shipping giant's fleet of approximately 340 container ships. The agreement will see bandwidth enhancements rolled out across Maersk’s entire fleet of owned container ships between 2025 and 2026.These upgrades are part of Maersk’s strategic roadmap to facilitate unified connectivity, transform its vessels into fully operational floating offices…
ASRY Earns GTT's Certification for LNG Carrier Repairs

The Arab Shipbuilding and Repair Yard Company (ASRY) has secured a certification from French engineering firm Gaztransport & Technigaz (GTT) for compliance with the highest international standards for repairing and maintaining LNG carriers.The certification was announced during ASRY’s participation in the Seatrade Maritime Qatar conference, held in Doha in the first week of February. ASRY received…
Windward Unveils AI Solution for Critical Maritime Infrastructure Protection

Windward has launched a Critical Maritime Infrastructure Protection solution, an AI-powered solution designed to protect the world’s essential maritime infrastructure against growing threats.Windward’s Critical Maritime Infrastructure Protection solution addresses three primary threats to maritime infrastructure, deep-sea research operations, shallow-water sabotage, and attacks on offshore oil rigs and platforms.