Maersk Chooses Charlotte for its North American Headquarters
A.P. Moller-Maersk (Maersk) has selected Charlotte for its official North America headquarters, committing to add more than 500 jobs to its current Charlotte-based workforce over the next several years, ultimately bringing its Charlotte workforce to more than 1,300.Maersk has had a corporate presence in Charlotte for more than two decades, and the company purchased its current space in South Charlotte…
Steerprop to Deliver its Largest Ducted Propulsion Units
Finnish propulsion specialist Steerprop has been selected to supply a complete propulsion package—including the largest ducted propulsors ever produced by the company—for a new rock installation vessel ordered by Jan De Nul.The heavy-duty vessel, the third of its kind in Jan De Nul’s fleet, is designed primarily to work in the offshore energy sector, installing rock to protect cables on the seabed.
New Electrical Strategy Prevents Blackouts
Timo Alho's doctoral dissertation at the University of Vaasa, Finland, introduces a pioneering power management strategy that prevents ship blackouts.In Alho's management principle, the vessel's electrical equipment is capable of independently supporting the ship's grid without centralized commands. This makes the vessel's power systems significantly more fault-tolerant than before.The maritime industry's green transition is driving vessels towards modern direct current (DC) networks…
Ruling Allows South African Welfare Group to Inspect Vessels
South Africa’s National Council of SPCAs (NSPCA) has welcomed a judgment delivered by the Eastern Cape Division of the High Court in Makhanda which strengthens its authority to prevent cruelty to animals during the export of live animals by sea.The ruling overturns severe restrictions previously imposed by the East London Magistrates’ Court during the planned loading of more than 53,000 animals onto the live export vessel Al Messilah in July 2023.The Magistrate had…
MMA Ranks #1 in State Graduate Earnings Report
Massachusetts Maritime Academy (MMA), a public university with undergraduate degree programs focusing on science, engineering, technology, math, and business has been recognized as the top public higher education institution in the state for graduate earnings, according to the latest report from the Massachusetts Department of Higher Education.The Academy’s #1 ranking confirms that its graduates achieve the highest salaries among peers statewide…
Genco to Acquire Two High-Specification Vessels
Genco Shipping & Trading, the largest U.S. headquartered dry bulk shipowner focused on the global transportation of commodities, has agreed to acquire two 2020-built 208,000 dwt scrubber fitted Newcastlemax vessels for a total purchase price of $145.5 million.Genco expects to take delivery of the vessels during the first quarter of 2026 and intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility.John C.
Blackout Due to Incorrectly Configured Generators
A gas tanker had just left its berth at the Port of Brisbane, Australia, when it lost propulsion for two minutes as two of its three electrical generators were not properly configured, an ATSB final report has confirmed.On March 15, 2025, the 100-metre, Liberian-flagged Gaschem Homer departed the BP Products berth in the Port of Brisbane, under the conduct of a harbour pilot.While it was being turned towards the port’s entrance…
US Natural Gas Futures Climb 4% with LNG Flows, Cold December Forecast
U.S. natural gas futures climbed about 4% on Wednesday on near-record flows to liquefied natural gas export plants and forecasts for higher demand than previously expected as the weather turns colder than normal going into December.Front-month gas futures for December delivery on the New York Mercantile Exchange rose 17.9 cents, or 4.1%, to settle at $4.550 per million British thermal units (mmBtu).LSEG…
South Korean Ferry Runs Aground, All 267 Souls Onboard Rescued
All 267 people on board a South Korean passenger ferry that ran aground off the southwestern tip of the Korean peninsula on Wednesday were rescued, in an incident that revived memories of the major ferry disaster in 2014 in which 300 people died.Passengers and crew were taken from the stricken vessel, the Coast Guard said in a statement, and 27 sustained minor injuries.Most will be transported to the…
BOEM Proposes Second Gulf of America Lease Sale
The Bureau of Ocean Energy Management announced a Proposed Notice of Sale for the second offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Big Beautiful Gulf, or BBG2, is scheduled to take place on March 11, 2026.This sale is the second of thirty Gulf of America oil and gas lease sales required by the One Big Beautiful Bill Act. By committing to a predictable sale schedule…
FLIR Wins DAME Design Award for Ocean Scout Pro Handheld Thermal Imaging Camera
FLIR, global leader in marine thermal-imaging systems, has announced that the Ocean Scout Pro handheld thermal imaging camera has been awarded top honors in the “Personal Equipment” category at the 2025 DAME Design Awards.The DAME Design Awards, held annually at Metstrade in Amsterdam, celebrate excellence in marine equipment design, innovation, and functionality. Winning in the category highlights…
Liebherr BOS Cranes Celebrates 50 Years
Liebherr marks half a century of BOS crane excellence. Since 1975, BOS cranes have been trusted by operators worldwide, known for their robust design and marine adaptability. The latest generation continues this legacy, now featuring an electric variant to meet evolving offshore demands.In 1975, Liebherr delivered its first BOS crane, the B10 / 17 EX, for installation on the Floating Production, Storage and Offloading Unit Princess Aweni.
Baltic Exchange Launches New TCE Earnings Calculator to Simplify Freight, Emissions Analysis
Baltic Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator, designed to bring clarity and consistency to freight assessments in an increasingly complex market. The calculator builds on the Baltic’s long-standing TCE methodology, which has been in use since 2008. Users can see the constituent parts of the standard calculation, including income lines, expenses, port and canal charges, helping ensure transparency and accurate benchmarking.
COWI Supports Landsvirkjun in Delivering Iceland’s First Large-Scale Wind Farm
COWI’s supervision and advisory role in the Vaðölduver project marks the first integration of wind energy into Iceland’s electricity generation portfolio. The 120 MWwind farm, led by Landsvirkjun, is the country’s first commercial-scale wind development. The project represents a significant step forward for Iceland’s renewable energy sector, introducing wind power as a new and complementary source alongside the nation’s well-established hydropower and geothermal systems.The Vaðölduver wind farm…
Havila Shipping Banks Q3 Profit as Fleet Use Climbs
Havila Shipping delivered a stronger third quarter in 2025, reporting improved profit before tax and maintaining high fleet utilization despite softer day rates and several vessels undergoing planned maintenance.According to the company’s quarterly report, freight revenues reached NOK 149.3 million in Q3 2025, up NOK 8.5 million from the same period last year but down sequentially from Q2. Utilization remained robust at 95.3%…
Wärtsilä Water & Waste Achieves 98.2% Compliance in Alaskan Cruise Wastewater Testing
Wärtsilä Water & Waste, part of Wärtsilä, continues to deliver wastewater treatment performance in one of the world’s most closely monitored marine environments through their Hamworthy membrane bioreactor (MBR) systems, according to independent regulatory data from the Alaska Department of Environmental Conservation (DEC).During the 2024 Alaska cruise season, fourteen vessels equipped with Wartsila's Hamworthy MBR systems achieved a 98.2% compliance rate under DEC’s public testing program.
Secretary of State for Wales Hosts Roundtable to Realize Tidal, Wave Energy Potential
Secretary of State for Wales, Jo Stevens MP, this week hosted the marine energy sector to discuss how industry and government can work together to realize Wales’ 6GW of tidal stream and wave energy potential. The discussion covered industry progress, the role of the Marine Energy Taskforce, and the upcoming renewable auction.Wales’ 870 miles of coastline has significant renewable potential. The Marine Energy Council (MEC)…
Okeanis Eco Tankers Share Sale to Fuel Vessel Buys
Okeanis Eco Tankers Corp. said that following strong demand it has successfully priced an offering of 3,239,436 new shares of the Company’s common stock, par value USD 0.001 per share, at a price of $35.50 per Offer Share, raising gross proceeds of $114,999,978.The net proceeds from the Offering are expected to be used as partial consideration for the acquisition of two newbuilding Suezmax vessels…
Castrol Launches BioTrans GB
Castrol, a global leader in lubricants, has launched Castrol BioTrans GB, a new lubricant for use in thrusters, some controllable pitch propeller (CPP) systems and deck machinery.Castrol BioTrans GB is an Environmentally Acceptable Lubricant (EAL) that complies with the current US Vessel Incidental Discharge Act (VIDA) criteria.Castrol BioTrans GB is an extreme pressure (EP) and demulsifying gear oil…
Star Bulk Posts Softer Q3 Expands Fleet with New Kamsarmaxes
Star Bulk Carriers reported a weaker third quarter amid softening dry bulk markets, lower charter rates and a smaller operating fleet, while continuing to reshape its fleet through vessel sales, refinancing and newbuilding acquisitions.The company posted net income of $18.5 million for Q3 2025, down sharply from $81.3 million in the same period last year. Voyage revenues also fell to $263.9 million…
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