Hormuz Crossings Rise Slightly from Weekend
Ship crossings via the Strait of Hormuz were still in single digits on Monday, despite rising slightly from the weekend, according to preliminary shipping data on Tuesday, amid a stalemate in U.S. and Iranian peace talks.Six commodity ships transited the strait on Monday, of which three were exiting the Gulf and three were entering, Kpler shiptracking data showed, compared with the 10-day average of 11 ships.
Saudi Aramco Offers Crude Outside Hormuz
Saudi Aramco is offering crude oil outside the Strait of Hormuz to some Asian refiners through private negotiations, two sources with knowledge of the matter said on Monday, in a strategy similar to that adopted by United Arab Emirates' Abu Dhabi National Oil Co (ADNOC).In a rare move, Aramco is in talks with buyers to supply Arab Medium and Arab Heavy crude via ship-to-ship (STS) transfers off Fujairah in the UAE, the sources said.
Lone Star Funds Sells Vigor Marine Group
Lone Star Funds has announced that an affiliate of Lone Star Fund XI, L.P. has completed the sale of Vigor Marine Group to Antin Infrastructure Partners.Based in Portland, Oregon, Vigor Marine Group operates shipyard and fabrication facilities across five locations and employs approximately 2,700 people in the Pacific Northwest, Virginia and California. The company offers advanced services and complete solutions for a variety of clients, including the U.S. Navy, U.S.
Older Bulkers and LNG Carriers Could Provide Short-Term Relief for Ship Recyclers
Limited recycling supply could get a brief respite in the coming weeks from a weakening second-hand interest in older vessels and softer demand for steam turbine LNG ships. Both of these factors will encourage these ships being sent for end-of-life disposal, according to Wirana Shipping.The prolonged shortage of vessels entering the ship recycling market could get a breather, with Wirana Shipping forecasting…
Deployable Energy and Hornbeck Offshore Partner to Advance Nuclear Power
Deployable Energy has signed a Memorandum of Understanding with Hornbeck Offshore to transform five strategic maritime and offshore markets through the utilization of Deployable Energy's Unity Nuclear Battery. Hornbeck Offshore has also made a strategic investment in Deployable Energy.The collaboration will combine Deployable Energy's transportable microreactor technology with Hornbeck Offshore's marine operating fleet expertise to develop maritime nuclear applications in inland waterways…
DCOC States Agree on Combined Anti-Piracy Task Force
Signatory States of the Djibouti Code of Conduct/Jeddah Amendment have agreed to set up a Combined DCoC Task Force to protect shipping from the resurgence of piracy in the Western Indian Ocean and Gulf of Aden.The task force will provide a practical regional mechanism through which willing Signatory States can conduct coordinated maritime operations in support of existing international maritime security efforts.
American Cruise Lines Announces Names for Two Riverboats
American Cruise Lines has announced the names of two more U.S.-built small ships: American Beauty, a new riverboat for the Mississippi that will launch in 2028, and American Rhapsody, another new riverboat for the Columbia and Snake Rivers that will launch in 2029.These riverboats represent the 29th and 30th ships in the company’s fleet. All American Cruise Lines’ new ships are built at Chesapeake Shipbuilding in Salisbury…
Corvus Energy Expands Service Support in Brazil
Corvus Energy has entered into a strategic partnership with Belga Marine to deliver specialized local support, expert aftermarket battery system services, and on-the-ground spare parts storage to efficiently meet the needs of Brazil’s expanding fleet of battery-powered offshore support vessels (OSVs).Brazil now boasts its largest-ever OSV fleet, with nearly 500 vessels currently in operation and many more anticipated in the near future.
Hoyer VMS Group to Supply Generators for New Research Vessel
VARD has selected Hoyer VMS Group to supply six complete generator sets for the new 164-meter research vessel, “Project named RV11000.”“Project named RV11000” is currently under construction by VARD for the research organization Inkfish. The vessel will be equipped with six custom-engineered generator sets from Hoyer VMS Group, based on Wabtec's MDC engine platform featuring integrated Exhaust Gas…
San Diego Hosts the 99th International Propeller Club Convention
This September, the 99th International Propeller Club Convention comes to San Diego. Hosted by the Propeller Club Port of San Diego (PCSD), part of a worldwide network of more than 80 Clubs, the Convention will bring maritime professionals and industry leaders from across the United States and around the world together to discuss the challenges, opportunities and innovations shaping the future of the maritime industry.Centered around the theme…
C&C Marine and Repair Delivers Barge to Orion Marine Construction
C&C Marine and Repair has delivered a new 160-foot idler barge to Orion Marine Construction, Inc. Designed by The Shearer Group, Inc., the unmanned steel barge will support Orion Marine's dredging operations by connecting with new and existing dredges in the company's fleet.The barge features an integrated walking-spud system designed to advance the combined dredge and idler-barge unit in increments of approximately 30 feet.
TowWorks Launches Invoice Intelligence Solution
TowWorks, a provider of enterprise technology solutions for the marine transportation industry, announced Tow Works Invoice Intelligence, an invoice processing solution designed to reduce the time and manual effort required to process vendor invoices and close out voyages.Developed by TowWorks in response to the high volume and complexity of vendor invoicing within marine operations, Invoice Intelligence automatically reads incoming vendor invoices…
Fairbanks Morse Defense Expands Production Facility in Poland
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, announced a USD$8.08 million (6.98 million euro) investment in the expansion of the Vestdavit production facility in Redzikowo, Poland in partnership with the Pomeranian Regional Development Agency (PARR). The site will serve as FMD's global Davit Manufacturing Centre of Excellence (DMCoE), providing localized support to NATO and European naval forces…
Iran Shifts to the Offensive as US Diplomacy Stalls
Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to agree a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday.Progress towards peace talks and a resumption of oil tanker traffic through the strategic Strait of Hormuz has ground to a halt, with no sign that the warring parties are moving towards ending the conflict that the U.S.
Seven Dead, 50 Rescued From Migrant Boat Offshore Libya
The charity rescue ship, EMERGENCY, rescued 50 migrants from an wooden boat in international waters off Libya on Monday, while seven others were found dead, the charity said.Two people are in critical condition and suffering from suffocation and needed urgent medical evacuation, EMERGENCY said in a statement sent to Reuters, without giving further details.The survivors said they had left the Libyan coastal town of Zuwara on August 16 and were from Somalia and Egypt, the charity said.The group of
Weather, Technical Challenges Hinder Oil Spill Clean Up
Weather conditions and operational challenges were hampering salvage efforts for a grounded tanker that was leaking Russian crude oil in a protected marine area off Oman's coast, the sultanate's state news agency reported on Monday.Oman has been coordinating the salvage operation with risk-management company Ambrey as part of efforts to contain environmental damage from a spill that some estimates put at 2,000 sq km.
McDonough Marine Service Launches New Hydraulic Ramp Barge
McDonough Marine Service has introduced the M 1242-R, a 120' x 40' x 8' hydraulic ramp barge designed for marine and construction operations. The M 1242-R is equipped with two M25 winches and features a 25' long x 29' wide hydraulic ramp with an approximate 75 short-ton capacity.Built to support a wide range of marine operations, the M 1242-R provides customers with the equipment and capabilities needed to efficiently move personnel…
The Heavy Lift Group Hosts 74th Annual Supply Chain, Logistics Conference
Companies from Africa, Europe, the US and Latin America offered strategies for steering through a challenging period of complex geopolitics, price volatility and supply chain congestion at a session of The Heavy Lift Group's (THLG) 74th Annual Conference.Moderated by Colin D'Abreo, VP Director Rhenus Project Logistics Global, panellist Iris Mueleians, Managing Director of Germany's Ried Group, told…
Glomar Debuts New Multi-Purpose OSV Design
C-Job Naval Architects and Glomar unveiled the design of a next-generation Offshore Support Vessel (OSV) that the pair claims provides a breakthrough in versatility and sustainable engineering.Purpose-built as Glomar’s first vessel of its kind, the design eliminates the need for multiple specialized ships. Engineered for peak performance across diverse offshore tasks — from subsea inspections and cable…
Griffin Tapped to Lead CMA CGM North America
The CMA CGM Group appointed Natasha Griffin as Chief Executive Officer of CMA CGM North America.Based in Norfolk, VA, Griffin will lead CMA CGM's operations and strategic development across North America, overseeing the Group's shipping, logistics, intermodal, and supply chain activities. She will be responsible for driving the Group's strategy in a key growth market, strengthening customer partnerships…
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