Oil Prices Lower Alongside Possibility of US-Iran Truce
Oil prices fell about 1% on Friday as markets weighed the possibility of a truce between the US and Iran against concerns that increasing attacks against Saudi Arabia by Houthi fighters could disrupt supply from the Middle Eastern producer.Brent futures were down $1.14, or 1.1%, at $105.46 a barrel by 10:03 a.m. EDT (1403 GMT), while West Texas Intermediate (WTI) crude fell $1.05, also 1.1%, to $93.56.That…
Russia Strikes Ukrainian Defense Facilities, Vessels
The Russian defence ministry said on Friday its forces had carried out overnight drone strikes on Ukrainian defence industry facilities, logistics centres and vessels used by Ukraine's armed forces.The ministry said the strikes hit a drone assembly and storage site in the Kyiv region, logistics hubs in the Odesa region and port infrastructure in Reni on the Danube River.It also said Russian forces struck a cargo ship carrying military and dual-use goods to the port of Odesa.The ministry said lat
SAAM Towage Adds Five New Tugs in 2026, More to Come
SAAM Towage continues to move forward with its fleet renewal plan, having added five new tugboats so far in 2026.The new vessels were designed to meet the growing demands of the maritime and port industry, helping optimize efficiency, strengthen safety standards and reduce the environmental impact of operations.This year, the tugs Guanay (Peru), Carancho (Chile), Kanan (Mexico), Hunabku (Guatemala) and Caribe (Colombia) have been added to the fleet.
Marea Scale Models Launches in the UK
Marea Scale Models has launched in the UK, bringing its AI-assisted design process, Ai Refloat, to the European maritime market. The process has been developed to produce highly detailed, accurate, immediately recognizable maritime scale models more efficiently while preserving the hand-finished detail clients expect.Using Ai Refloat, Marea delivered few commercial ship models to an international maritime client within two months.
Aderco's 2055G+: Emissions Performance with Shared, Verifiable Data
Shipping companies can now harvest data on enhanced fuel performance as verified CO₂ reductions that they convert into Gold Standard carbon credits using Aderco’s ‘measure-as-you-go’ program, 2055G+, writes Gérald Baiwir, Head of Environment, Aderco.Looking beyond compliance with environmental regulations, shipping companies are discovering that savings from onboard energy-efficiency measures can be converted into valuable…
ARC Freedom Enters ARC's U.S.-Flagged Fleet
American Roll-On/Roll-Off Carrier Group Inc. (ARC Group) has added ARC Freedom to its U.S.-flagged fleet.ARC Freedom (IMO 9505041) is a Large Car and Truck Carrier (LCTC) designed to transport automobiles, trucks, heavy equipment and other rolling and project cargo. The vessel will operate as part of the Maritime Security Program (MSP), providing commercially active U.S.-flag capacity that can be made…
Washburn & Doughty Delivers Tug to McAllister
McAllister Towing received the tug Mary McAllister from Washburn & Doughty Associates, Inc. in Maine. Mary McAllister is the sixth in a seven-tug series of American Bureau of Shipping-classed and certified 84-metric-ton bollard pull, low-emission tractor tugs. Mary McAllister is powered by CAT Tier IV engines producing 6,770 horsepower. She is classed with the following certifications and endorsements from ABS: +A-1 Towing, +AMS, Fire Fighting (FiFi 1), Escort, Low Emissions Vessel.
NYK Contributes to Industry Insight on Ammonia-Fueled Vessels at IMO
NYK shared the NYK Group's initiatives toward the practical deployment of ammonia-fueled vessels during the 12th session of the IMO Sub-Committee on Carriage of Cargoes and Containers (CCC 12), held at the headquarters of the International Maritime Organization (IMO) in London from September 14-18.During the session, NYK shared insights from operating Sakigake, the world's first commercially operated ammonia-fueled tugboat…
New LNG Vessel for Diamond Global Energy Named
On September 18, NYK held a naming ceremony for a newly built liquefied natural gas (LNG) carrier at HD Hyundai Samho Co., Ltd. in the Republic of Korea. The ceremony was attended by distinguished guests and stakeholders, including Tetsuro Wada, CEO of Diamond Global Energy Pte. Ltd. (DGE), and Ryutaro Okuzawa, Executive Officer of NYK. During the ceremony, Mr. Wada named the vessel DIAMOND GAS NEXUS.The vessel is chartered to DGE…
PaxOcean to Build Ulstein-Designed SOV for NYK Line
NYK Line has ordered a new service operation vessel (SOV) from PaxOcean Group for offshore wind projects in Taiwan and the wider Asia-Pacific region, with delivery planned around 2029.PaxOcean will build the vessel at its Graha yard in Batam, Indonesia, while Ulstein Design & Solutions will provide the design and engineering package based on its SX222 platform.The 89.6-metre-long, 19.2-metre-wide vessel will accommodate up to 120 people and support offshore wind construction…
LD Armateurs Adds Multi-Purpose Vessel to its Fleet
Louis Dreyfus Armateurs (LD Armateurs) has taken delivery of the DP2 multipurpose support vessel TVO Mariner for its LD TravOcean subsidiary, expanding its capacity for subsea cable installation, repair and protection work.The vessel, delivered to the group in mid-September, will support telecommunications cable installation and repairs, trenching and deepwater ROV operations, as well as offshore wind…
TKMS, EDGE Team Up on Subsea Surveillance Systems
TKMS and EDGE Group have signed a memorandum of understanding to explore jointly developing underwater surveillance and protection capabilities combining multiple platforms and sensor systems.The companies plan to evaluate an integrated multi-system approach to underwater security, combining TKMS's platform capabilities with EDGE's systems expertise to provide surveillance, protection and a comprehensive…
Saudi Oil Surge Pushes Gulf of Oman Transfers to Capacity
Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said.The increasing amount of Saudi exports this month requires more supertankers to shuttle crude through Hormuz to conduct cargo transfers, they said.
Hormuz Crude Oil Flows Reach 33.7 Million Barrels This Week
Crude oil flows out of the Strait of Hormuz reached 33.7 million barrels so far in the week starting September 20, preliminary ship-tracking data from Kpler showed on Friday, putting exports roughly on track with the previous week's levels.The traffic comprised 19 tankers, of which 17 are very large crude carriers (VLCCs) that can carry 2 million barrels of oil, the data showed. Most of the tankers are laden with crude from Saudi Arabia…
Eastern Shipbuilding Group Launches Fourth Artificial Reef Competition for Welding Schools
Eastern Shipbuilding Group, Inc. (ESG) announced the launch of the fourth annual Eastern Shipbuilding Group Coastline Initiative. In partnership with the Bay County Artificial Reef Association (BCARA), the competition challenges students from local welding schools to design and construct artificial reefs that support coastal restoration and marine habitat preservation.Originally launched in Fall 2022, the initiative has built a strong legacy of community impact.
US, Iran Explore Phased Deal to Reopen Hormuz, End Blockade
US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said.The strait has become the central bargaining chip in efforts to end the nearly seven-month US-Iran conflict, with Iran seeking relief from the US blockade that is choking its economy…
Russia to Raise $2.35b for Arctic Icebreaker Construction
Russia plans to raise more than 200 billion roubles ($2.35 billion) from exporters to finance the construction of icebreakers for its Arctic sea route, according to a draft government decree published this week.Russia is seeking additional sources to finance the development of transport infrastructure as it grapples with a budget deficit and rising war costs. Here are some details about the plan, which…
Eight Suicide Attempts Recorded During USS Abraham Lincoln Extended Mission
There were eight suicide attempts among US sailors on board the Abraham Lincoln carrier strike group during its extended 286 consecutive-day deployment at sea, the Pentagon told a lawmaker in a written response to questions.The nuclear-powered Lincoln, with roughly 5,000 personnel, was involved in the US naval blockade and combat operations in the war with Iran and — according to Democratic lawmakers — set a modern-day record for consecutive days at sea.
US Senate Nears Completion of Energy Infrastructure Reform Bill
The US Senate is nearing a deal to reform laws to speed up permitting of large infrastructure projects after the White House compromised on how renewable energy is treated, though a vote is uncertain before the midterm elections, a top Senate Democrat said on Thursday.Senators Sheldon Whitehouse, the top Democrat on the environment committee, and fellow Democrat Martin Heinrich have negotiated permitting legislation with Republican counterparts for months, after the talks had been cut off in Dec
Oil Tanker Insurance Triples Amidst Global Shipping Tensions
The cost of insuring an oil tanker loaded from Saudi Arabia's main Red Sea port has tripled in recent weeks, industry sources told Reuters, adding to the major crude producer's struggles to find a viable channel for its exports.Saudi Arabia used its East-West pipeline to divert around 4 million barrels per day - 4% of global supply - to the Red Sea after Iran constrained Gulf exports via the Strait…
