Cerberus and HD Hyundai Partner on Maritime Projects
Cerberus Capital Management has entered a strategic partnership with HD Hyundai to launch a new maritime investment strategy, Cerberus Maritime.Cerberus Maritime is aligned with the U.S. Government’s initiative to revitalize the maritime capabilities of the United States and allied nations. The strategy aims to identify high-impact opportunities that strengthen strategic maritime infrastructure and supply chains…
Hanwha to Boost Investment in Philly Shipyard
Business Korea reports that Hanwha Ocean plans to invest an additional minimum of $70 million in Philly Shipyard.The aim is to increase productivity to 10 ships per year by 2035, up from the current rate of 1 to 1.5 ships per year.Hanwha Ocean acquired Philly Shipyard in December last year for $100 million and renamed it Hanwha Philly Shipyard.Hanwha seeks to build on the success of Philly Shipyard, established in 1997, that delivered around 50% of all large ocean-going U.S.
Shallowing of Caspian Sea Impacts Oil Trade
Rapid falls in the level of the Caspian Sea are affecting ports and oil shipments and threatening to inflict catastrophic damage on sturgeon and seal populations, according to Azerbaijani officials.The Caspian, the world's largest salt lake, holds significant offshore oil reserves and is bordered by five countries that are all major producers of oil or gas or both: Azerbaijan, Iran, Kazakhstan, Russia…
OrbitMI Acquires Voyage Optimization Company
Maritime software company OrbitMI has acquired Gale Force, a provider of maritime advisory services. Gale Force specializes in voyage optimization, environmental compliance, and voyage execution support.This acquisition represents a strategic step forward in OrbitMI’s mission to deliver a comprehensive, intelligent maritime platform that meets the evolving expectations of clients. By integrating Gale Force’s expertise directly into the Orbit platform…
Trump Administration to Cancel Approval of Maryland Offshore Wind Project
The administration of U.S. President Donald Trump intends to withdraw federal approval for US Wind’s offshore wind farm off the coast of Maryland, according to a filing submitted by Attorney General Pam Bondi in the U.S. District Court in Delaware on Friday.US Wind is owned by funds managed by Apollo Global Management, an American investment firm, and Renexia SpA, a subsidiary of Italy's Toto Holding SpA. The project is scheduled to begin construction next year.(Reuters)
Trump's Halt of Rhode Island Wind Project Stuns Local Leaders
The Trump administration's order to halt work on a nearly completed wind farm off the coast of Rhode Island threatens grid reliability and jobs and defies explanation, business and government leaders from New England said on Monday.State leaders in Connecticut and Rhode Island demanded details from the administration about why it issued a stop-work order to the Revolution Wind project late on Friday.
AMIGO LNG Signs 15-Year LNG Sale and Purchase Agreement with Macquarie
AMIGO LNG S.A. de C.V., a Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, announced the execution of a long-term Sale and Purchase Agreement (SPA) with Macquarie Group, a global trading and financial services group.Under the agreement, AMIGO LNG will deliver 0.6 million tons per annum (MTPA) of LNG to Macquarie's Commodities and Global Markets business over a 15-year term.
Baltic Subsea Cable Cutting Suspects Blame Technical Faults
The captain of an oil tanker and two officers accused of severing five undersea power and telecoms cables in the Baltic Sea last December, blamed technical faults for the damage as their trial began in Helsinki on Monday.NATO allies with forces stationed around the Baltic Sea went on high alert after the December 25 incident, one of a string of suspicious cable and gas pipeline outages in the region…
Two Vessel Contracts Bring in $65M for Solstad Offshore
Norwegian offshore vessel owner Solstad Offshore has secured two contracts for its Normand Turmalina and Normand Superior vessels, with the combined worth of $65 million.The anchor handling tug supply (AHTS) vessel Normand Turmalina has received a contract extension from BRAVA Energia in Brazil.The extended contract has a duration of three years, starting immediately after the current contract, securing…
Vard Secures Seismic Vessel Conversion Job
Norwegian shipbuilder Vard has signed a contract with Norway-based Sanco Shipping for the conversion of the seismic research vessel Sanco Sailor into a seismic source vessel.Sanco Shipping contracted PGS Apollo, now renamed Sanco Sailor, earlier in 2025, ahead of conversion job at Vard Langsten.Vard’s scope of work includes significant structural modifications, upgrades to existing seismic equipment…
Recyclers Wary Despite Recent Influx of Tonnage
Losses in various individual sectors along the entire dry bulk range across the recent past saw the overall benchmark index lose about 5% of its overall value, which would explain the recent (and ongoing) influx of tonnage into the West Coast Indian and even Pakistani waterfronts spanning several weeks now, reports cash buyer GMS.“And despite recent deliveries of a wide collection of sizes and types of vessels (especially in Alang)…
DOE Grants Lake Charles LNG Additional Time to Commence Exports
U.S. Secretary of Energy Chris Wright today signed an amendment order granting additional time for Energy Transfer’s Lake Charles LNG Export Company, LLC to commence exports of LNG to non-free trade agreement (non-FTA) countries from the Lake Charles LNG project in Lake Charles, LA.Once fully constructed, the Lake Charles LNG project will be capable of exporting up to 2.33 billion cubic feet per day…
Seattle: Container Ship Captain Arrested After Sobriety Test
The US Coast Guard Investigative Service (CGIS) has arrested the captain of the 8,814-TEU container ship MSC Jubilee IX for suspicion of operating the vessel while intoxicated following a boarding at Terminal 5 in Seattle, August 20.Watchstanders at Coast Guard Sector Puget Sound were notified by a Puget Sound Pilot aboard the MSC Jubilee IX, who reported the vessel’s captain was exhibiting signs of intoxication.
Russian Navy Holds Underwater Saboteur Drills in Baltic Sea
Russian forces have conducted an exercise in the Baltic Sea including drills to repel an underwater attack, the defence ministry said on Friday.Units of divers "demonstrated skills in detecting and capturing a group of underwater saboteurs, as well as using FPV (first person view) drones to destroy unmanned boats of a mock enemy", the ministry said.The drills were aimed partly at assessing the navy's anti-submarine sabotage defence units…
Philippines, Australia to Seal New Defense Pact
The Philippines and Australia are working towards a new defence agreement to be signed next year, their defence ministers said on Friday, as both nations seek to step up military cooperation to deal with shared security challenges in the Indo-Pacific.Philippine Defense Secretary Gilberto Teodoro said the enhanced defence cooperation pact will pave the way for more frequent joint military drills aimed…
US Halts Revolution Wind Project
The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.With construction now frozen at 80% completion, Orsted has no immediate path to revenue generation, heightening pressure on the company as it seeks to shore up finances through a $9.4 billion emergency rights issue.The stop-work order…
Little Minch Ferry Launched from Turkish Shipyard
MV Lochmor, the first of two new vessels for the Little Minch routes, was launched August 23, 2025 at Cemre Marin Endustri shipyard in Yalova, Turkey.MV Hebrides, the new ferry along with sister vessel, MV Claymore, will provide a two-vessel service to the routes between Uig on Skye, Tarbert (Harris) and Lochmaddy (North Uist). MV Lochmor can accommodate up to 450 passengers and 100 cars, or 14 commercial vehicles…
Russian Oil Supplies to Hungary and Slovakia Halted After Ukraine Attack
Russian oil supplies to Hungary and Slovakia could be suspended for at least five days after a Ukrainian strike on a facility in Russia, Hungarian and Slovakian officials said on Friday, in a widening of the fallout of Russia's war in Ukraine.Russia and Ukraine have stepped up attacks on each other's energy infrastructure, hitting Ukrainian domestic heating supplies, Russia's Druzhba pipeline and other facilities, over the past few weeks as U.S.
BOEM Releases EIS for Gulf Lease Auctions
The Bureau of Ocean Energy Management (BOEM) announced the Gulf of America Regional Outer Continental Shelf Oil and Gas Lease Sales and Post-Lease Activities Final Programmatic Environmental Impact Statement, a milestone in advancing the Trump administration’s American Energy Dominance agenda. The notice of availability will publish in the Federal Register on August 29. The environmental impact statement…
Sanmar Launches New Tugboat for Ultratug’s Mexico Operations
Sanmar has launched a new tugboat for Ultratug Mexico, which will operate at Lazaro Cardenas Port on Mexico’s Pacific coast. The vessel, temporarily designated as BoÄźaçay LXXIX, is currently under construction at Sanmar’s purpose-built shipyard in Turkiye.The tug is based on the RAmparts 2400SX-MKII design by Canadian naval architects Robert Allan Ltd., a model exclusive to Sanmar and tailored to meet the specific operational needs of Lazaro Cardenas Port.
