Xeneta Acquires eeSea
Xeneta AS announced the acquisition of fellow maritime and supply chain data company eeSea. By adding eeSea’s global schedule, transit time and reliability data to its existing range of freight rate data, Xeneta will enable BCO Procurement teams to manage freight contracts and suppliers based on service levels, and not just cost, to get the right service at the right price, no matter what the market conditions.“Today marks a key milestone for Xeneta…
Ship Fuel Quality Holds Steady, says LR Report
LR’s latest FOBAS Fuel Insight report highlights broadly steady fuel quality with particular issues around high sediments and chemical contamination, and an increased use of biofuel blends with developments in energy-content measurement.Global bunker fuel quality remained resilient in the first half of 2025 despite growing fuel diversity and tightening environmental regulation, according to Lloyd’s Register’s latest FOBAS Fuel Insight report.
Saipem Milestone in Guyana Yellowtail Project
Saipem reports it has successfully completed its designated scope of work for the development of the Yellowtail field, operated by ExxonMobil Guyana Ltd., locatedin approximately 1,800m of water within the Stabroek Block offshore Guyana.Awarded the contract in 2022, Saipem undertook the Engineering, Procurement, Construction, and Installation (EPCI) of the Subsea Umbilical, Riser, andFlowline (SURF) system for the Yellowtail field.
After its own Ships Collide, China Accuses Philippine Vessels of "Dangerous Maneuvers"
China's defence ministry accused Philippine Coast Guard vessels on Friday of "dangerous manoeuvres" in response to reports of a collision earlier this week between two Chinese vessels near Scarborough Shoal in the disputed South China Sea.The Philippine vessels' actions "seriously endangered the safety of Chinese vessels and personnel," ministry spokesperson Jiang Bin.Jiang neither confirmed nor denied…
Ship Recyclers “Drip Fed” Tonnage
As top EU leaders also plan to meet with US president Trump on Monday and seek a path to end the Ukraine war, oil fell nearly 2% last week, reports cash buyer GMS.It closing it out at $62.80/barrel even though the easing of sanctions could see oil trade ease in the coming weeks and traders remained bearish about the future.As oil becomes cheaper and tariffs / sanctions start to hit globally, the Baltic Exchange’s Dry Index saw another week of growth as it rose 0.25%…
Panama Canal Celebrates 111 Years of Operation
On August 15, the Panama Canal marked 111 years of operations, renewing its commitment to a sustainable future through a water strategy focused on public well-being and an operational vision that enhances the country’s logistical competitiveness.Since the waterway’s inauguration in 1914, with the historic transit of the steamship Ancón, which, for the first time, connected the Pacific and Atlantic Oceans…
ABS and Saronic to Collaborate on Autonomous Ship Technology
ABS and US defense engineering company Saronic Technologies have signed a memorandum of understanding (MOU) to explore autonomous technologies for maritime applications.The agreement establishes a cooperative framework for both organizations to collaborate on projects related to improving technical requirements for autonomous surface vessels (ASV) and classification services for Saronic's autonomous capabilities.In July…
ASRY Conducts 2025 HSE Week
The Arab Shipbuilding and Repair Yard Company (ASRY) conducted its 2025 Health, Safety and Environment (HSE) Week August 11 to 13 under the theme “Elevating HSE Culture with Safe Summer.”.The three-day program drew wide participation from ASRY and subcontractors’ employees alongside representatives of relevant government bodies and industrial firms in Bahrain.The week opened with a formal ceremony attended by senior company officials and representatives of the Ministry of Labour…
Webb Institute Named One of the Nation’s Best Colleges
Webb Institute has once again been recognized as one of the nation’s best undergraduate institutions, according to The Princeton Review. The education services company features Webb in the 2026 edition of its highly selective annual guide, The Best 391 Colleges, released by Penguin Random House.Only 15% of America’s nearly 2,400 four-year colleges are included in The Princeton Review guidebook. Selection is based on surveys of 2…
Germany Criticises China’s “Aggressive Behaviour” in Taiwan Strait
Germany's foreign minister on Sunday criticised what he called the "aggressive behaviour" of China in the Taiwan Strait ahead of a trip to Japan and Indonesia, and stressed the need to strengthen internationally binding rules.Speaking to reporters, Foreign Minister Johann Wadephul praised Japan's solidarity with Europe over Ukraine as he prepared to board a plane, and highlighted the importance and…
Eastern Shipbuilding Gets Go-Ahead from WSF for Three Hybrid-Electric Ferries
Eastern Shipbuilding Group received the Notice to Proceed from Washington State Ferries (WSF) to build two with an option for an additional 160-vehicle hybrid-electric ferries for the State of Washington. This milestone follows the first competitive bid for ferry construction in more than 25 years for the nation’s largest ferry system.“This is an exciting milestone in bringing new hybrid-electric ferries to our fleet…
Exploring Ocean Canyons, SOI Strikes Again with Groundbreaking Research
First High-Tech Exploration of Argentina’s Mar del Plata Canyon, Schmidt Ocean Institute’s Remotely Operated Vehicle SuBastian shines light on an offshore canyon in Argentine waters nearly twice as deep as the Grand Canyon — capturing images and video of 40 suspected new species, coral fields, and a seastar that resembled a famous cartoon character.An Argentinian-led expedition on board Schmidt Ocean Institute’s R/V Falkor (too) has captured the attention of millions…
Argentina’s 30 MMtpa LNG Ambition by 2030 – Is It feasible?
The development Argentina’s vast Vaca Muerta share is transforming the nation into a rising energy exporter, with oil and pipeline gas already flowing abroad and an ambitious multi-phase ‘Argentina LNG’ initiative aiming to secure a permanent place in the global liquefied natural gas (LNG) market. While geological resources appear sufficient, the scale and pace of development, however, present challenges.‘Argentina…
Shipyard in Focus: Gladding-Hearn Shipbuilding
For Peter Duclos, shipbuilding has always been personal.As President and Director of Business Development at Gladding-Hearn Shipbuilding, Duclos Corporation, Duclos represents the third generation of his family to lead the Somerset, Massachusetts, shipyard. “I’ve been involved with our family’s 70-year-old company my whole life,” he said. “From dinner table conversations to summer jobs, and now as…
Asian Nations Battle for Shipbuilding Share
China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the container ship orderbook has shown a similar growth trajectory. The nation has ranked first in the world for new orders since 2012. Labor costs are about half of what they are in Korea and Japan, and China is the world’s cheapest steel manufacturer.Niels Rasmussen, Chief Shipping Analyst at BIMCO…
WFW Advises on Financing for ONE Newbuild Fleet
Watson Farley & Williams (WFW) advised a consortium of lenders on an ECA-backed JOLCO financing for Ocean Network Express Pte. Ltd. (ONE) to finance four newbuild container vessels. The consortium comprised BNP PARIBAS (acting through its Tokyo Branch and as ECA Coordinator), The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch and Citibank, N.A., Tokyo Branch (as mandated lead arrangers)…
The Gulf of America Can Lead in Carbon Storage, If Washington Acts
The United States has everything it needs to lead in offshore carbon capture and storage (CCS), except the rules to make it happen.Nearly four years ago, Congress gave the Department of the Interior authority to oversee offshore carbon sequestration. The Infrastructure Investment and Jobs Act (IIJA) of 2021 amended the Outer Continental Shelf Lands Act (OCSLA) to authorize competitive leasing and regulation of carbon dioxide injection into subsea formations on the U.S.
Plug and Play: Fleetzero, Glosten Team on Record Hybrid Electric Vessel
As battery technology evolves at speed, so too do developments on maritime's increasing use of the energy packs for hybrid and pure electric applications. Today, Fleetzero, a developer and manufacturer of modular propulsion platforms for hybrid and electric ships, selected Glosten to design what is expected to be the world’s longest-range hybrid electric vessel. Glosten has been working with Fleetzero on the retrofit of a Lightering Support Vessel owned and operated by AET.
Ukraine Strikes Russian Port in Astrakhan
The Ukrainian military said it struck the port of Olya in Russia's Astrakhan region on Thursday, hitting a ship with drone parts and ammunition from Iran.Russia uses the port as an important logistics hub for the supply of military goods from Iran, the Ukrainian military said in a statement on Friday.(Reuters - Reporting by Anastasiia Malenko; Editing by Christian Schmollinger)
Conrad Industries Announces 2025 Income Jump
Conrad Industries has announced a net income of $5.8 million for the quarter ended June 30, 2025.Earnings per diluted share of $1.16 compared to net income of $2.2 million and earnings per diluted share of $0.44 during the second quarter of 2024.The company had net income of $9.7 million and earnings per diluted share of $1.93 for the six months ended June 30, 2025 compared to net income of $3.7 million and earnings per diluted share of $0.75 for the six months ended June 30…
