Lockheed Martin Q2 Profit Plunges After $1.6b Pretax Loss
Lockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S.
Port of Barcelona Enhances Security and Efficiency With Genetec Technology
Genetec Inc., a leader in enterprise physical security software, announced that the Port of Barcelona has successfully implemented Genetec Security Center, improving the port’s safety, efficiency, and operational capabilities.As one of the Mediterranean’s major logistics hubs, the Port of Barcelona has experienced continuous growth in recent years, leading to new operational and security challenges.
WFW Advises MPCC on $260m Fleet Optimization
Watson Farley & Williams (WFW) advised MPC Container Ships ASA (MPCC) on two transactions as part of the implementation of its fleet strategy.The first transaction was the order of four new 4…
Dual-Fuel LR2 Tankers to Sport Wind Propulsion, too
BAR Technologies confirmed an order for its WindWings propulsion system to be installed on a pair of new LR2 dual-fuel tankers, marking one of the first confirmed large-scale wind propulsion deployments on this vessel class, building on the integration of WindWings aboard the UML-operated Brands Hatch.The new 250-m-long tankers, Suzuka and Long Beach, will each be equipped with two 37.5m WindWings.
New BIMCO Clause Addresses USTR Actions
The Documentary Committee of BIMCO adopted a standard clause aimed at addressing contractual uncertainties that may arise from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships calling US ports.A BIMCO subcommittee comprising legal and commercial experts began working on the clause at the start of June, prioritizing its development as the USTR…
Sanmar Shipyards Delivers Tug for Greek Owner
SANMAR delivered a new escort tug to Greek operator NEMECA to join its fleet of tugboat proving services in the ports of Piraeus, Thessaloniki, Corfu and Kavala.Named GAIA by its new owners, the tug is based on the exclusive-to-SANMAR RAstar 2900SX design from Canadian naval architects Robert Allan Ltd and is the first tug that SANMAR has built for a Greek client.NEMECA provides harbour towage, open sea towage and salvage services and can also provide vessels for anchor handling…
Bergink Tapped to Head Alfa Laval Marine Division
Alfa Laval announced that Martijn Bergink has been appointed President of the Marine Division, effective September 1, 2025. This is in addition to his current roles as President of Business Unit Pumping Systems in the Marine Division and Managing Director of Framo, an Alfa Laval-owned company. Martijn Bergink joined Alfa Laval in 1998 and, since then, he has held multiple senior leadership positions within the company, mostly in the Marine Division.
Wärtsilä’s Advanced Simulators to Enhance Malaysia’s Maritime Training Capacity
A new advanced simulation suite, supplied by technology group Wärtsilä, has been inaugurated at the maritime training institute Akademi Laut Malaysia (ALAM), the training arm of Malaysia International Shipping Corporation (MISC), a subsidiary of Petronas.The integration of Wärtsilä’s latest simulator technology significantly raises the level of maritime education for the region, creating a new generation…
Mobile Pulley Appoints New Director of Engineering
Mobile Pulley, a manufacturer of pumps, dredging equipment, and heavy industrial components, has appointed Stirling Snow as its new Director of Engineering in Mobile, Alabama.Snow brings nearly a decade of hands-on experience in design and engineering, and will help drive innovation in Mobile Pulley’s core capabilities - casting, machining, fabrication, and dredge pump systems.In his new role, Snow…
Cocaine Hidden in Marine Engines from U.S.
The Australian Federal Policy (AFP) has charged two men for allegedly trying to take possession of 140kg of cocaine hidden inside two marine engines. Investigations began in October, 2024, when Australian Border Force (ABF) officers in Brisbane detected a large quantity of plastic-wrapped blocks inside two wooden-crated marine engines. The engines, each weighing about 4.5 tonnes, arrived from the United States.AFP officers removed the cocaine…
Japanese Shipowners to Donate Training Vessel to JMETS
Japanese ocean-going shipping companies, NYK Line, MOL and "K" LINE, along with the Japanese Shipowners' Association (JSA), have begun discussions regarding the donation of a large-sized training vessel to the Japan Agency of Maritime Education and Training for Seafarers (JMETS).The move is recognition of the importance of training and securing highly skilled Japanese seafarers to maintain and further develop maritime transport.As identified in the report by the Ministry of Land…
Small Shipyard Grant Recipients Announced
U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America’s maritime dominance.The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development and new technologies that strengthen U.S. shipbuilding and repair capabilities. Duffy…
Grimaldi Names First Ammonia-Ready Car Carrier
Grimaldi Group has held a naming ceremony in Jiangsu, China, for the Grande Shanghai, the first of 10 pure car and truck carriers (PCTC) commissioned by the company from China Merchants Heavy Industries.The first five vessels will be capable of transporting 9,000 CEU (Car Equivalent Units), while the remaining five will offer an increased capacity of 9,800 CEU.The Grande Shanghai reduces fuel consumption…
Furuno Releases Advanced Charting Platform
Furuno has introduced TZ MAPS on its NavNet TZtouchXL system, delivering what it calls the most advanced and customizable charting platform ever developed for recreational and professional mariners.TZ MAPS unlocks new features on TZtouchXL multi-function displays, including AI Routing, AI Avoidance Route™ and BathyVision™.TZ MAPS is built from official hydrographic data, high-resolution bathymetry, satellite imagery and crowd-sourced surveys.
UK Targets Russian Shadow Fleet With New Sanctions
Britain on Monday imposed new sanctions on Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.The oil tankers are critical to Russia's energy and oil sectors, with the British government saying they form part of the fleet responsible for carrying $24 billion worth of cargo since the start of 2024.
US Lawmakers Tech CEOs to Address Security Concerns About Subsea Cables
Three Republican House lawmakers on Monday asked the CEOs of Alphabet, Facebook parent Meta, Amazon.com and Microsoft if they have adopted adequate safeguards to address growing national security concerns on submarine communications cables.Washington has been raising alarm about the network of more than 400 subsea cables that handle 99% of international internet traffic and about threats from China and Russia.The letter raised concerns that entities affiliated with China "such as SBSS…
Israel Attacks Houthi Targets in Hodeidah Port
The Israeli military attacked Houthi targets in Yemen's Hodeidah port on Monday in its latest assault on the Iran-backed militants, who have been striking ships bound for Israel and launching missiles against it.Israeli Defence Minister Israel Katz said the army was "forcefully countering any attempt to restore the terror infrastructure previously attacked."The Houthi-run Al Masirah TV said on Monday that a series of attacks on the port was under way…
Conrad Shipyard Snares WEDA Safety Excellence Award
Conrad Shipyard won the Western Dredging Association (WEDA) Safety Excellence Award in the Dredging Trade Partner category, a recognition that highlights Conrad's commitment to safety, operational excellence, and its partnership with the U.S. dredging industry. Presented late last month during the 2025 WEDA Annual Dredging Summit & Expo, it celebrates companies who demonstrate outstanding safety performance and continuous improvement in protecting personnel, property, and the environment.
Isotta Fraschini Motori Inaugurates New Fuel Cell Production Line
Isotta Fraschini Motori (IFM), a Fincantieri subsidiary specializing in advanced fuel cell technologies, inaugurated a new production line dedicated to the development and testing of hydrogen fuel cell systems at its Bari shipyard.The inauguration ceremony was attended by Nicola Bonasia, Mayor of Modugno; Antonio Decaro, President of the European Parliament's Environmental Protection Commission; representatives of the President of the Puglia Region…
FSB Security Approval Mandatory for Foreign Vessels Entering Russian Ports
Foreign vessels will require the approval of Russia's FSB security service to access the country's ports, according to a decree signed by President Vladimir Putin.The decree said that permission from port authorities for foreign ships to enter would need to be agreed with the FSB, which is the main successor organisation to the Soviet-era KGB. The new measures came into force immediately after the decree was published on Monday.Previously…
