WSF Ferry Suffers Engine Failure
The Washington State Ferries (WSF) vessel Suquamish suffered a significant main engine casualty while operating on the Mukilteo/Clinton route last week causing the vessel to go out of service in the afternoon leaving one vessel in place to support the route.Unfortunately, this disruption occurred as many travelers were returning from one of the largest motorcycle gatherings in the Pacific NorthwestâŠ
MSC Leads in Fleet Value
Using data from VesselsValue, a Veson Nautical solution, Rebecca Galanopoulos has analyzed the global container fleet, finding Swiss based MSC currently owns the most expensive fleet with a value of $49.6 billion.This company is also the largest in terms of vessel numbers with a total of 707 vessels, of which 584 are live and 125 on order.The vast majority of this fleet is in the container sector with Panamaxes and Post Panamaxes accounting for around half of this segment.
Mustang Survival Expands Innovation Capabilities
Mustang Survival, part of Wing Group, is expanding its research and development capabilities through a newly formed R&D and Advanced Concepts team with investments in testing equipment, AI-driven analytics, and global collaborations.Built on decades of problem-solving in the harshest conditions, the company is accelerating the entire cycle â from early-stage research and user engagement, through identifying needs and defining problemsâŠ
Panama Canal Introduces New Slot Allocation Program
The Panama Canal Authority has launched LoTSA 2.0, the next generation of its Long-Term Slot Allocation program.Building on the success of LoTSA 1.0, LoTSA 2.0 packages will transition from a 12-month horizon to a more agile 6-month offering, divided into two 6-month cycles. By shortening the commitment window, customers can better align their transit planning with market conditions, seasonal fluctuationsâŠ
HOST Acquires Impala Terminals Burnside
US ship agency company T. Parker Host (HOST) has acquired Impala Terminals Burnside (Impala Burnside), a bulk facility located in Burnside, LA, at Mile Marker 169 on the East Bank of the Lower Mississippi River.Effective immediately, the site will be renamed Ascension Bulk Terminal.Encompassing 230 acresâ190 of which are available for future developmentâAscension Bulk Terminal is a multipurpose facilityâŠ
Hapag-Lloyd and DHL Partner to Cut Scope 3 Emissions
Hapag-Lloyd and DHL Global Forwarding have signed a three-year framework agreement for the purchase of Scope 3 greenhouse gas (GHG) emission reductions resulting from the use of sustainable marine fuels within Hapag-Lloydâs fleet.As part of this agreement, the first order of 25,000 tons CO2e well-to-wake (WTW) emission avoidance was successfully executed in July 2025 with second-generation biofuels produced from waste and residue feedstock.âWe are delighted to have completed this order with DHLâŠ
Carnival Raises Profit Forecast
Carnival Corp raised its annual profit forecast on Monday, leaning on strong demand and higher ticket prices for its cruise vacations to offset mounting costs.The cruise operator has been investing heavily to offer more unique and private experiences by expanding its portfolio to meet strong demand for exclusive destinations. These included a $600 million investment in Celebration Key, an ambitious private resort destination on Grand BahamaâŠ
Bent But Not Broken: Lighter Icebreakers
After developing the technique some five years ago, Aker Arctic has now completed the research required to get its new design methodology for icebreaker hulls accepted into the Finish-Swedish Ice Class Rules. The method has also been adopted to Polar Class rules of several Class Societies (LR, ABS, DNV).Although the research focused on vessels typically sailing the Baltic Sea, Aker Arctic has also used the methodology in many of its recent newbuilding designs includingâŠ
Shipbuilding Contracts: Lessons Learned from M/V Dali
The owners and managers of the M/V Dali, the ship that destroyed Baltimoreâs Francis Scott Key Bridge, have brought a claim in the Pennsylvania Court against the vesselâs shipbuilder, Hyundai Heavy Industries Co. Ltd. The M/V Dali was completed and delivered by HHI in 2015, so is 10 years old.The owners/managers allege strict products liability for defective design and manufacturing, breach of implied warranties, negligent misrepresentation, negligence and an indemnity and/or a contribution.
Italy, Greece Ink Pact for Warships
On the opening day of the Seafuture trade fair in La Spezia, the National Armaments Directors of Italy and Greece signed a preliminary agreement for the sale to the Hellenic Navy, through Fincantieri, of two naval vessels currently in service with the Italian Navy. The signing took place in the presence, among others, of the Italian Minister of Defense, Guido Crosetto, his Greek counterpart, Nikos DendiasâŠ
Baltic Index Vessel Rates Fall Across the Board
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell on Monday, pressured by declining rates across all vessel segments.The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 39 points to 2,220 points.The capesize index dropped 103 points to 3,524 points.Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $848 to
Dutch Cargo Ship Attacked off Yemen
The Dutch-flagged general cargo ship Minervagracht is on fire and drifting in the Gulf of Aden after an attack with an explosive device required the helicopter rescue of its 19 crew, the EU maritime mission Aspides and the vessel's operator said on Monday.It was not immediately clear whether the attack that injured two sailors was carried out by Yemen's Iran-aligned Houthis, who since 2023 have launchedâŠ
UHL MD Bonnesen to Step Down
United Heavy Lift (UHL) said that Managing Director Lars Bonnesen has sold his shares in United Heavy Lift to the United Shipping Group and will step down from his role as of December 31, 2025. In a related development, Christian Monsted has also sold his UHL shares to the United Shipping Group and will continue his activities within United Marguisa Lines.This decision is closely linked to the next strategic phase of UHL, which will place a strong focus on newbuildings and further investments.
MELTRIC Debuts P66 Industrial Plug and Receptacle
MELTRIC announced the official launch of P66 â 660 amps at 1,100 volts alternating current and 1,500 volts direct current, with an 8-aux bundle.MELTRIC announced the launch of P66 â a safe, high-powered, and highly durable electrical connection engineered for mobile electrification in harsh and demanding industrial environments. Rated to deliver up to 660 amps at 1,100 volts alternating current and 1âŠ
Aesen, DOC JV Targets Subsea Cable Logistics
Aesen Pte. Ltd. (Aesen) and Dutch Offshore Contractors Holdings B.V. (DOC) formed Aesen DOC Cable Logistics Pte. Ltd., a joint venture to address the growing global demand for subsea cable transport, storage and logistics solutions.With global electrification and offshore wind expansion accelerating, demand for high-voltage subsea cables is surging, and the joint venture aims to address critical industry gaps such as supply bottlenecksâŠ
Clean Hydrogen Breakthrough in South Korea
South Koreaâs Korea Institute of Machinery and Materials (KIMM) has developed and demonstrated the nationâs first 20kW-class anode-supported solid oxide electrolysis cell (SOEC) system, completing more than 3,000 hours of stable, continuous operation with electrical efficiency above 83%.The project marks a breakthrough for large-scale, low-cost clean hydrogen production, with strong potential applications in energy-intensive industries such as steelmakingâŠ
Scotland Opens $13M Energy Transition Skills Hub in Aberdeen
Scotlandâs largest Energy Transition Skills Hub, a $13.3 million facility featuring a welding academy, advanced manufacturing zone and digital training suites, was officially opened in Aberdeen on Monday by First Minister John Swinney.The Hub is the anchor project of the Skills Campus in the cityâs Energy Transition Zone and will support 1,000 people into jobs focused on energy transition in its first five years.The facility has been handed over from ETZ LtdâŠ
Schottel Expands Market Presence with New UK Subsidiary
German propulsion specialist Schottel has established a new subsidiary in the United Kingdom to strengthen its market presence in Britain and Ireland and expand customer support.Schottel UK will primarily focus on newbuild and retrofit sales, aiming to provide on-site support and tailored assistance for designers, builders and owners throughout the specification and procurement process.While Schottel UK will mainly focus on newbuild and retrofit projects, aftersales support in the U.K.
Boskalisâ Blue Marlin Transporting âColossalâ FPU for Congo LNG Project
Dutch offshore services provider Boskalis has engaged its heavy transport vessel Blue Marlin to move a recently converted floating production unit (FPU) to Angola, ahead of its deployment at Congoâs first natural gas liquefaction project.The cargo, formerly one of the largest semi-submersible drilling rigs of its generation, has been converted into an FPU is currently en route to Angola on Blue Marlin vessel.Even though the 80-by-68-meter, 41,000-ton structure is five meters wider than the 63-me
HAV Design Names New Managing Director
Norway-based ship designer HAV Design has appointed Richard Schofield as its new managing director.Schofield has 20 yearsâ management experience from maritime industries. He has held leadership roles at maritime suppliers Kongsberg Evotec and Vard Electro, at aquaculture industry supplier Optimar, and at ship designer Ulstein Design & Solutions. Schofield started his career at defense industry supplierâŠ
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