Artemis Technologies, Noatum Maritime to Purchase Electric Foiling Pilot Boat for UAE Operations
Artemis Technologies, a leader in commercial electric foiling vessels, has entered an agreement with Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, to purchase an electric Artemis EF-12 Pilot boat to operate in the United Arab Emirates.With a top speed of up to 30 knots and a cruising speed of 25 knots, the Artemis EF-12 Pilot boat offers high-performance electric operations.
CMA CGM Welcomes its First Indian Flagged Vessel at Nhava Sheva Free Port Terminal
The CMA CGM Group welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on April 28, 2025, in the presence of Honourable Minister of State for Ministry of Ports, Shipping and Waterways of India, Shri Shantanu Thakur.Mr. Atit Mahajan, General Manager, CMA CGM India, hosted the welcoming ceremony, which was attended by key dignitaries from India’s Ministry of states for Ports…
Veson Nautical: US Port Fees May Disrupt Dry Bulk Trade and Vessel Availability
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. This fee, which could reach up to $3.5 million per port call, varies based on the vessel’s origin and the owner’s fleet composition. Given that typical US port calls cost a maximum of $80,000, this fee could significantly impact import and export volumes.According to VesselsValue trade data…
Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap
Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport…
Korea Development Bank to Sell Shares in Hanwha Ocean
South Korea's state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday.KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday, the newspaper reported, without citing clear sources.KDB was unavailable for comment after business hours.KDB is the second-largest shareholder in Hanwha Ocean…
Wilhelmshaven LNG Terminal 1 to Reopen After Scheduled Repair
Germany's Wilhelmshaven 1 liquefied natural gas terminal is set to reopen shortly after completing scheduled repair work on the superstructure on the jetty of its transhipment facility last week, according to a note on operator DET's website.It said that the regasification ship Hoegh Esperanza, which waited nearby during the four days of work, had returned to its mooring at midday on April 26."The Esperanza will now be connected to the superstructure and will soon be able to receive the next del
Galp Energia Seeks Namibia Oil and Gas Partner
Portugal's Galp Energia has resumed talks with potential partners as it seeks to develop a discovery in Namibia, the company said on Monday after reporting a 29% drop in adjusted first-quarter core profit.In February, Galp said it had found a significant presence of light oil and gas condensate in a fifth well in the Mopane field offshore Namibia.Co-CEO Maria Joao Carioca said the well "unlocked a…
Philippines: China Has Not Seized Disputed South China Sea Reef
The Philippines said on Monday there was no truth to news reports that Beijing has seized control of a disputed reef in the South China Sea, after its personnel landed on the unoccupied sandbars and found no Chinese presence there.Chinese state broadcaster CCTV on Friday said its coast guard had landed on Sandy Cay as part of maritime control operations to exercise its sovereignty. It did not say China…
Estonia Releases Russia-Bound Oil Tanker
Estonia has released the oil tanker Kiwala, which is on an EU sanctions list, having detained it for sailing without a valid country flag.The Estonian navy detained and boarded the Russia-bound tanker on April 11.
South Korean Firms Issue Tender for June LNG Cargo Delivery
South Korean firms Korea Midland Power Co (KOMIPO), Korea Southern Power Co (KOSPO) and SK subsidiary PRISM Energy International have issued a tender for one liquefied natural gas (LNG) cargo for delivery in June.According to a tender issued by KOMIPO, which is leading the tender process, the buyers are seeking 3-3.6 trillion British thermal units (Btu) of LNG on a JKM-linked and delivered ex-ship (DES) basis.The cargo is to be delivered on June 12 or June 23 to one of the Kogas-operated termina
Reviving a Heavy-Lift Giant: Xenos Marine's TX-10000 is Ready for Duty
One of the most powerful heavy-lift vessels ever built is entering a new chapter under U.S. ownership, reconditioned for major offshore work in the Gulf of America. Renamed the TX-10000, this twin-gantry catamaran is at the center of Xenos Marine's mission to expand domestic heavy-lift and decommissioning capabilities, following a major refit at Gulf Copper Ship Repair. The TX-10000, previously known as the VB-10000…
Legal Beat: U.S. Non-Contiguous Domestic Trade: Barge, Inland & Water Transportation
The U.S. inland waterway system is a critical and underutilized component of the domestic supply chain that serves non-contiguous markets originating in or destined for Alaska, Hawaii, and U.S. territories and possessions. For transportation service providers and shippers that operate in the domestic trade of the U.S., ocean carriers, barge operators, and inland waterway providers can offer cost-effective…
Odyssey Marine Exploration Welcomes New Executive Order for Deep Sea Mining
Odyssey Marine Exploration, Inc. is pleased to see the issuance of a new Executive Order titled Unleashing America’s Offshore Critical Minerals and Resources. In addition, the company confirms that it currently has no specific plans to issue any securities under its universal shelf registration statement on Form S-3, which has been declared effective by the Securities and Exchange Commission (SEC) and provides Odyssey with the flexibility to access the capital markets in a timely manner.
CMT Warns Against AI Dependence in Engine Monitoring, Human Engineers Remain Critical
Condition Monitoring Technologies (CMT) has cautioned against placing sole reliance on artificial intelligence in ship condition monitoring, warning that human expertise remains essential to ensure safety and accuracy in maritime operations.As the shipping industry rapidly adopts AI-driven systems for machinery testing and diagnostics, CMT acknowledges the growing potential of these technologies to process vast quantities of data and assist with condition monitoring tasks.
Navantia UK Appoints New Chief Commercial and Business Development Officer
Navantia UK has announced the appointment of Derek Jones as Chief Commercial and Business Development Officer.Jones brings over 30 years of experience in the defense sector to Navantia UK, including leadership roles at Babcock International Group, BAE Systems, and GEC Marconi. Most recently, he served as Managing Director of the Type 31 Frigate Program at Babcock, where he led a USD$2 billion (£1.5…
GLO Marine, VMS Group Land Multi-Vessel Retrofit Job for Tidewater
GLO Marine and VMS Group Denmark have secured a multi-vessel retrofit work for offshore support vessel operator Tidewater, expanding their role in the offshore energy sector.Covering 16 vessels across three continents, including several in U.S. waters, the retrofit program marks an important step in both companies’ strategy to provide fleet-scale retrofit solutions to the international offshore vessels…
Ship Recycling Markets Stall
Although some momentum was generated in sub-continent markets over the preceding weeks as the 90-day pause on tariffs was announced, ship recycling markets have remained cautiously stalled, reports cash buyer GMS.“This comes as the ambiguity around U.S.
Livestock Carrier Capsizes Near Yemen
A ship carrying around two thousand sheep capsized in the Gulf of Aden near Yemen on April 25.Media reports indicate the vessel was overloaded, although reports vary on the number of sheep that were onboard. Local fishermen helped rescue the crew and the animals, but many sheep have reportedly drowned.The vessel had departed from Somalia.
Future USNS Sojourner Truth Launched
General Dynamics NASSCO has christened and launched Hull 576, the future USNS Sojourner Truth (T-AO 210), the sixth ship for the U.S. Navy’s John Lewis-class fleet oiler program.T-AO 210 is named in honor of Sojourner Truth, a nineteenth century civil rights activist from New York. In a time-honored Navy tradition, ship sponsor Barbara Allen, a sixth-generation descendant of the ship's namesake, christenrf…
MMA Students Complete Real-World Training in Hawaii
Cadets from Massachusetts Maritime Academy (MMA) have completed a Geological Oceanography field course in Hawaii, an innovative experiential learning course 8,000 kilometers from their Cape Cod campus.Eleven students, majoring in Marine Science, Safety, and Environmental Protections (MSSEP), participated in a rigorous, hands-on educational journey to Hawaii from January 3 to January 17, 2025.Shortly…
