Suez Canal Revenues Rise as Red Sea Tensions Ease
Egypt's Suez Canal revenues rose 14.2% year-on-year between July and October, the canal authority said on Tuesday, citing calmer conditions in the Red Sea after a ceasefire in Gaza and a pick up in traffic through the vital waterway.Yemen's Iran-aligned Houthis launched more than 100 attacks on ships in the Red Sea, the Gulf of Aden and the Bab al-Mandab Strait that links them in 2023 and 2024 in what they described as solidarity with the Palestinians over Israel's war in Gaza…
$400m Natural Gas Pipeline Between Israel and Cyprus Awaits Government Approval
A $400 million pipeline to transport natural gas from Israel to Cyprus is awaiting government approval from both countries and Israel has expressed support, the head of Eastern Mediterranean focused gas producer Energean told Reuters on Tuesday.Energean on Monday signed a letter of intent with leading Cypriot industrial and energy group Cyfield for the potential supply of natural gas from Israel to Cyfield's planned power plant via the new pipeline…
Norwegian Cruise Forecasts Q4 Profit Below Expectations
Norwegian Cruise Line Holdings NCLH.N forecast fourth-quarter profit below expectations on cost pressures and subdued appetite for sea-based vacations as travelers curb spending, sending its shares down about 15% on Tuesday.Persistent inflation, tariff-driven uncertainty, and the fallout of the prolonged U.S. government shutdown on port activity have clouded demand heading into the crucial holiday season.Volatile fuel prices due to geopolitical tensions…
Lukoil Struggles to Maintain Overseas Operations Amidst Sanctions
Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Switzerland, sources said.The United States and the United Kingdom last month imposed sanctions on Russia's second-largest oil company, complicating how it carries out its normal operations.The U.S. Treasury Department issued a licence giving companies until November 21.
Production Begins on Irving OmniLift Shiplift
Bardex, in partnership with Irving Shipbuilding, Inc., announced that production has commenced on the mechanical equipment for the Irving OmniLift Shiplift. This specialized set of equipment, designed and engineered to meet exacting standards, will play a central role in supporting Irving’s River-class destroyer shipbuilding program, a part of the National Shipbuilding Strategy and the most complex…
HII Welcomes UK’s Westley Group as Strategic Supplier
At the Indo Pacific International Maritime Exposition in Sydney, HII announced the addition of Westley Group, a leading United Kingdom-based manufacturer of high-integrity metal castings, as a strategic supplier supporting the U.S. Navy’s submarine industrial base.This milestone marks another step forward in advancing allied defense collaboration under the AUKUS trilateral partnership between Australia…
DFDS to Sell Freight Ferry for Fleet Optimization
DFDS has entered an agreement to sell the freight ferry (RoRo) Cappadocia Seaways as a part of DFDS’ ongoing fleet optimization.After more than 23 years of service, DFDS is selling the freight ferry Cappadocia Seaways, following an evaluation of DFDS’s current and future capacity needs across its network.The ferry has been a part of DFDS’ fleet operating in the Mediterranean network. In its place, DFDS will deploy Selandia Seaways which is a 197m long freight ferry with a capacity up to 2…
ABS, Persona AI Partner to Bring Humanoid Robotics to Shipyards
A collaboration to develop inspection technologies for Persona AI’s humanoid robot platform that enhances productivity and safety in shipyards was formalized with the signing of an MOU between ABS and Persona AI.The initiative will focus on adapting Persona AI’s humanoid robots, based in part on NASA’s robotic hand technology, for a range of shipyard tasks. Unlike traditional industrial robots, humanoid robots are uniquely suited to operate in shipyards designed for human workers…
AST Networks Unveils MODULA Connectivity Solution
AST Networks, satellite and remote connectivity specialists, have announced the launch of MODULA, a flexible and fully scalable modular approach to hybrid connectivity, designed to give maritime, offshore, and remote land-based customers the ability to tailor their connectivity to current requirements. MODULA is built on a modular architecture which mixes and matches the best of LEO, GEO, and Cellular communication networks into a single, fully managed service.
Stena Bulk Vessels Deploy Inmarsat NexusWave on Northern Marine Management Vessels
Inmarsat Maritime, a Viasat company, is installing NexusWave on board selected Northern Marine Management Ltd (NMM) vessels operated by Stena Bulk and Proman Stena Bulk. This is part of their ongoing strategy to continually improve crew welfare through enhanced communications.Building on existing onboard connectivity provisions, NMM recognizes the growing importance of high-speed internet access in attracting and retaining talent and supporting operational performance.
CMA CGM to Register 10 Vessels Under French Flag Following Scrutiny at Home
CMA CGM will register 10 container vessels to be delivered in the next three years under the French flag, adding more seafarers from its home country after facing calls to contribute more to France's debt-stricken economy.CMA CGM, the world's third-largest container shipping line, will recruit 135 French seafarers at an additional cost of 15 million to 17 million euros ($17.49 million-$19.83 million) per year compared with foreign flag registrations…
Ocean Network Express Releases Financial Results for Q2 FY2025
Ocean Network Express (ONE) has released its financial results for FY2025 2nd quarter (July 2025 to September 2025).The revenue for FY2025 2nd quarter was $4.455 billion, with net profit of $285 million."Our FY2025 2Q results underscore ONE’s resilience and stability in a challenging market. Despite the market fluctuations driven by geopolitical uncertainties, we delivered positive results and secured profitability for the first half of the fiscal year…
Stena Line Acquires Wasaline
Stena Line strengthened its position in the Baltic Sea by acquiring NLC Ferry Ab Oy/Wasaline and taking over operations of the ferry route between Umeå in Sweden and Vaasa in Finland.“It is with great joy and enthusiasm that we at Stena Line take on the responsibility for Wasaline and the route between two important regions and cities, Umeå and Vaasa,” says Niclas Mårtensson, CEO of Stena Line.The…
Master Boat Builders: A Family Shipyard at Full Steam
Expansion into Harbor Tug sector helps Master Boat Builders nearly double in size, from 200 to 400 employees building eight to nine vessels per year, and the prospect of a new drydock plus additional partnerships and government construction contracts promises to power the company forward further, faster. Garrett Rice, President, Master Boat Builders, discussed the impetus for the company’s growth, and the growth in U.S.
Electrical Issue Takes WSF's Wenatchee Ferry Out of Service
Washington State Ferries reported that its 17-vessel service was dinged by the removal of the ferry Wenatchee, which has been taken out of service due to a mechanical issue involving one of its electrical subsystems discovered last week.According to WSF, the vessel’s engine crew and maintenance teams are working to remove and replace the damaged equipment, which remains under warranty. The Wenatchee…
HII Names Taylor to Leading Vessel Design Spot at Newport News Shipbuilding
HII appointed Tim Taylor as vice president of engineering, technology and design at its Newport News Shipbuilding division.Taylor, a U.S. Navy veteran, has served NNS for 29 years in positions of increasing responsibility, including work control, submarine ship’s safety and sea trial coordination. He currently serves as director of nuclear test engineering. Taylor holds a bachelor’s degree in nuclear…
Newlight Completes RINA FAT for Hydrogen Retrofit
Newlight has completed Factory Acceptance Testing (FAT) for its hydrogen retrofit package for two- and four-stroke main engines.The system allows existing diesel engines to operate on a blend of hydrogen and conventional fuel, reducing carbon emissions without the need to replace the entire engine.Designed and built to the International Code of Safety for Ship Using Gases or Other Low Flashpoint Fuels Code (IGF Code) and validated to RINA Class Rules for hydrogen fueled ships…
Austal Receives AiP for Autonomy Controller
Austal Australia has received Approval in Principle (AiP) from classification society DNV, for their Autonomous and Remotely Operated Ships (AROS) Platform Controller.The AROS Controller, designed and developed by Austal at Henderson, Western Australia, is a safety control system that provides a standardised and managed interface between the vessel’s complex engineering systems and the navigational autonomy system.
Australia: China's Military Build-Up Demands Response
The work of Australia's defence force to protect its sea trade routes, including through the South China Sea, is becoming more risky as Beijing undertakes the "biggest military build-up in the world today", Australia's defence minister said on Tuesday.Open sea lanes, including trade routes that go through the South China Sea and East China Sea, were at the core of Australia's national interest, Richard…
Panama Canal Bets on LPG Transits
The Panama Canal expects an increase in transits of liquefied petroleum gas (LPG) vessels and carriers of some agricultural commodities to help it compensate for a reduction in world trade next year, the waterway's chief told Reuters on Monday.The world's second-busiest interoceanic waterway registered a 14% revenue increase to $5.7 billion in the fiscal year ended in September and saw 19% more transits…
