Iran Condemns New US Sanctions, Mediators Step Up Efforts to Reopen Hormuz
Iran condemned the United States' new economic sanctions on Friday as "state terrorism" and said other countries were legally obliged not to implement them, while the U.S. Treasury Department announced additional targeted Iran-related measures.The Iranian foreign ministry's statement came as mediators stepped up efforts to reopen the Strait of Hormuz, which handled 20% of world oil supplies before…
Shipyard in Focus: RMK Marine Builds a New Generation of Ships in Türkiye
Shipbuilding rewards experience, but today's rapidly evolving maritime market increasingly demands something else: a willingness to build ships that have never been built before.For Türkiye's RMK Marine, that combination of experience and experimentation is defining its position in the global shipbuilding market. RMK Marine, as one of Türkiye’s leading shipyards, has the capability to build vessels up to 200 meters in length and 28…
Bencros Marine Fenders Introduces Verified CO2 Savings for Customers
Bencros Marine Fenders, a Slovakia-based manufacturer of rubber fenders for ports, tugs and workboats, announced at the SMM Start-up Night in Hamburg that the CO2 savings embedded in its fenders are now independently verified and can be transferred to its customers as certified emission reductions. The first certificates go live on September 2, 2026 on the registry of carbon standard Proba.Bencros…
Berg Propulsion: How Retrofits Can Contribute to Decarbonization Goals
Rather than pinning its decarbonization hopes on future tonnage, shipping can pursue its goals today by retrofitting available technology to existing, conventionally fueled vessels, explains David Sakandelidze, Business Manager for Energy and Efficiency, Berg Propulsion.The International Maritime Organization's (IMO) target for net-zero emissions from ships by around 2050 is now only 24 years away—less than the average lifetime of a commercial ship.
Op-Ed: Estonia Prepares the Next Phase of Growth for EST Flag
The following article is an op-ed piece from Andrei Barotov and Kristiina Peterson, Chief Specialists of Maritime Competitiveness at the Estonian Transport AdministrationLeveraging its ‘e-Estonia’ digital society initiative, the government of Estonia is preparing to extend the digital reach of EST Flag ship registration services, while also expanding its tonnage eligibility. Andrei Barotov and Kristiina Peterson…
Four Shipowners Order Four VINGA Product Tankers
Four shipowners from Sweden, Norway and Canada have ordered four new VINGA product tankers for delivery in 2028 and 2029, expanding the Furetank-developed vessel series to 26 ships.Two of the vessels will be owned by FureBear, a joint venture between Sweden's Furetank and Canada's Algoma Central Corporation, while Norway's O.H. Meling and Sweden's Älvtank will each take one.The order marks O.H. Meling's first investment in the VINGA series…
Hormuz Crisis Accelerates Gulf Pipeline and Port Expansion
The Iran war's redrawing of the global trade map is forcing Gulf nations to retool their investment play book, ploughing capital into infrastructure, from energy pipelines to ports, to weather the fallout from the conflict.The war has highlighted the Gulf's overreliance on the Strait of Hormuz, previously a chokepoint for 20% of global oil flows but also subject for decades to Iranian threats of disruption.With the strait virtually blocked for much of the past six months…
Iran Outlines Terms for Restoring Hormuz Shipping
Iran is preparing a list of conditions for reopening the Strait of Hormuz after mediators asked Tehran to set them out, said Mohsen Rezaei, secretary of Iran's Supreme National Security Council, adding that ending the regional war was among them.Rezaei said Iran had agreed with Oman on a shipping corridor through the strait, with parts of the route in Omani waters and parts in Iranian waters. Ships would use a designated central channel if the U.S.
Bollinger taps Steerprop by USCG Iceabreaker Propulsion
Finland's Steerprop won an order to supply complete propulsion packages for four Arctic Security Cutters (ASCs) being built for the US Coast Guard by Bollinger Shipyards. Each vessel will be equipped with two Steerprop Contra-Rotating Propellers (CRP) azimuth propulsors and two tunnel thrusters. The vessels will be built to an existing Multi-Purpose Icebreaker (MPI) design. During the selection process…
