Poor Welding Blamed after Rudder Falls off Bulk Carrier
A cargo ship narrowly avoided grounding after its rudder fell off, and New Zealand’s TAIC report highlights the need for careful oversight and quality assurance during installation of safety-critical components and for strong international safety standards.On 24 July 2023, the cargo ship Achilles Bulker, fully loaded and under pilotage, was outbound from Tauranga.The ship deviated from the center of the channel shortly after clearing the harbor entrance.
U.S. House Approves Coast Guard Authorization Act
The U.S. House of Representatives has approved bipartisan legislation to strengthen, support and authorize funding through 2029 for the United States Coast Guard.The Coast Guard Authorization Act of 2025 authorizes appropriations for the Service through fiscal year 2029. These authorizations will support Coast Guard operations and the continued recapitalization of its historically underfunded cutter fleet, aviation assets, shoreside facilities and IT capabilities.
Green Hydrogen Retreat Poses Threat to Targets
Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.The challenges facing the sector have exposed its initial ambitions as unrealistic.Hard-to-electrify industries that were seen as ideal candidates for green hydrogen, such as steelmaking and long-distance transportation, have found that transition…
Report: Iran Warns US Destroyer
Iran warned a U.S. destroyer on Wednesday to change course after it approached waters being monitored by the Islamic Republic, leading the U.S. ship to turn away, Iranian state media reported.The U.S. Navy and U.S. Central Command, which overseas U.S. forces in the Middle East, had no immediate comment on the report.The reported incident follows U.S. strikes last month on Iranian nuclear facilities that Washington says were part of a program geared towards developing nuclear weapons.
First LPG Tanker Docks at New Texas Terminal
A liquefied petroleum gas tanker moored at the Enterprise Products Partners terminal along the Neches River in Texas, ship tracking data showed on Wednesday, the first vessel to arrive for loading at the facility.Energy research firm Vortexa said the mooring signaled the commissioning of the plant. Enterprise did not immediately reply to a request for a comment.Enterprise, one of the top U.S. ethane producers and exporters…
Saipem Shares Financial Results for First Half of 2025
Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history.Revenue stood at USD$8.47 billion (€7.2 billion), and EBITDA reached USD$898 million (€764 million), the latter growing by 35% compared to the first six months of last year.
Exail Reports 52% Rise in Q2 Sales
French high-tech industrial group Exail Technologies on Wednesday reported a 52% rise in second-quarter sales, as geopolitical tensions fuel military spending in Europe.The underwater drone maker reported quarterly revenue of 126 million euros ($148 million), boosted by programmes to counter mines and solid navigation system deliveries."The defense sector is making a significant contribution to commercial expansion, with the signing of numerous sovereign programs during the quarter, particularly
HDR Announces New Global Maritime Director
Blair Garcia, a longtime leader in the maritime industry, has joined HDR as the global maritime director. He will build on the firm’s strong foundation of maritime and coastal engineers, scientists and experts, while adding new services and geographies to drive HDR’s continued growth in this global market.Garcia has spent three decades in the ports and maritime industry, helping port and intermodal rail clients on six continents and at most of the deep-water ports in the U.S.
RAD Propulsion Introduces New Partnerships Across Three Key Regional Markets
RAD Propulsion, a leader in electric marine propulsion systems, announced the expansion of its international dealer network with new strategic partnerships in the Netherlands, India and Japan. Energyboats will serve as RAD's official dealer in the Netherlands, focusing specifically on the Benelux region. Energyboats specializes exclusively in 100 percent electrically powered boats and works only with manufacturers that take the electric motor as their starting point.
Dong Fang Offshore Orders Huisman Cable Lay System
Huisman has signed a contract with Dong Fang Offshore (DFO) for the delivery of a modular cable lay system, specifically designed for deployment across range of vessels.Huisman’s 30mt cable lay system will be suitable for deployment for DFO’s newbuild Construction Service Operation Vessels (CSOVs) and Offshore Construction Vessels, built by Vard.This marks Huisman’s first cable lay system, built on…
NYK Kicks Off Continuous Use of Bio-LNG Fuel on Car Carriers
NYK has started the continuous use of bio-LNG fuel on its LNG-powered car carriers as part of its commitment to maritime decarbonization.The bio-LNG is supplied by Dutch firm Titan Supply at the port of Zeebrugge in Belgium. The first vessel to receive the fuel was Daisy Leader on June 15, and the second was Sumire Leader on July 18.Bio-LNG, also known as liquefied biomethane, is purified liquefied methane gas (biogas) produced from biomass feedstock…
Shipbuilding: Bulk Vessel Deliveries Soar
“We forecast that bulker deliveries will gradually increase this year and in 2026, reaching 41.2m Deadweight Tonnes (DWT) and a six-year high. Bulker newbuilding contracting was strong in 2023 and 2024, and several of the ships ordered during this period are expected to be delivered during this and next year,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Of the 59.3 million DWT expected to be delivered until the end of 2026…
Egypt's First Finished-Vehicle Logistics Terminal Opens for Business
The Suez Canal Automotive Terminal (SCAT), a joint venture among NYK, Africa Global Logistics (AGL) and Toyota Tsusho Corporation, has officially opened Egypt's first finished-vehicle logistics terminal.With an anticipated increase in finished-vehicle imports and the forthcoming initiation of full-scale exports, SCAT is strategically positioned to address this growing demand.The facility features a quay capable of accommodating two large car carriers simultaneously…
TotalEnergies, CMA CGM to Form LNG Bunkering Logistics JV
TotalEnergies and CMA CGM Group have entered into an agreement to develop a 50/50 logistics joint venture dedicated to the implementation and operation of a liquefied natural gas (LNG) bunker supply solution at the port of Rotterdam, in the Netherlands.The strategic partnership reflects the shared ambition of both French companies to work jointly towards the acceleration of the energy transition in the maritime sector.As part of this new logistics joint venture…
POSH Welcomes AHTS Vessel to its Fleet
PACC Offshore Services Holdings (POSH), an offshore marine solutions provider, has expanded its towage and installation fleet with the addition of a new anchor handling towing (AHT) vessel, POSH Courage.This fleet enhancement strengthens POSH’s capacity to undertake larger or multiple towages, further boosting the company’s ability to execute concurrent tows and offering clients greater scheduling…
Friede & Goldman Hires Contractor for Semi-Sub Rig Conversion Job
Houston-based designer of mobile offshore drilling units Friede & Goldman (F&G) has signed an engineering agreement with Peak Ocean Offshore, a specialist in offshore asset conversion and lifecycle optimization, for the design and engineering of a major semi-submersible accommodation conversion project.The agreement formalizes F&G’s role as the design and engineering authority for the project, which…
