Low Water Levels in European Rivers Warn of Economic Impact
Record low water levels in Europe's major rivers have curtailed the transport of goods, reduced electricity output and shrunk company earnings, stoking fears about the economic impact of searing heat and erratic rainfall.As Europe experiences the fastest warming of any continent and record-breaking heatwaves, drought has exposed the need to reconsider business practices.From the bustling port of Rotterdam to hydropower plants in Serbia…
Russian Grain Lobby Warns Black Sea Attacks Threaten Grain Security
Russia's main grain lobby group warned on Friday that Ukrainian drone attacks on Russian ships and ports could shut down grain exports via the Black Sea in the near future, pushing up prices and causing hunger in Africa and the Middle East.Russia, the world's largest wheat exporter, and Ukraine, also a major agricultural exporter, have been attacking each other's agricultural export facilities and…
China Refuses Philippine "Baselines" Around Disputed Scarborough Shoal
China's foreign ministry on Friday said it firmly opposed and would never accept the Philippines' establishment of "baselines" around Scarborough Shoal in the South China Sea, calling the move "illegal and invalid" and a serious violation of China's territorial sovereignty.Scarborough Shoal, known in China as Huangyan Dao and in the Philippines as Bajo de Masinloc, is claimed by both countries.Manila…
Crude Oil Spills From Shadow Fleet Tanker Off Oman
A sanctions-hit tanker is leaking oil off the coast of Oman and the spill has spread in recent days, increasing concern about possible environmental damage to coastal areas, according to an analysis of satellite imagery and shipping specialists.The Caroline Bezengi took Russian oil on board at the Black Sea port of Novorossiysk before leaving for its most recent voyage, ship tracking data shows.It first reported difficulties on June 8 off the southern Yemeni port of Mukalla…
France Selects Five Ports for $300M Floating Wind Investment
France has selected five ports to receive nearly $300 million (€260 million) in funding under the France 2030 investment program to support infrastructure upgrades for the country's floating offshore wind industry.The projects, located at the ports of Cherbourg, Brest, Nantes-Saint-Nazaire, Port-la-Nouvelle and Marseille-Fos, were chosen under a 2024 call for projects aimed at adapting French port infrastructure for the manufacture…
Petrobras Extends Contracts for DOF-TechnipFMC PLSV Duo
DOF Group has secured long-term contract extensions with Petrobras for the Skandi Buzios and Skandi Recife pipelay support vessels (PLSVs), extending both contracts into January 2028.Following negotiations with Petrobras, Skandi Buzios was awarded a 516-day extension, while Skandi Recife secured a 550-day extension, DOF said.The contracts had previously been due to expire in the third quarter of 2026.Both vessels are owned by a joint venture between DOF and TechnipFMC…
Two Oil Supertankers Exit Hormuz as Traffic Remains Sparse
The two very large crude carriers (VLCC) carrying oil loaded from the Gulf exited the Strait of Hormuz on Friday, with traffic through the waterway remaining thin, according to Kpler ship-tracking data.The Spain B vessel is carrying crude oil loaded from the Saudi Arabian port of Ras Tanura on July 12, and is currently anchored off Fujairah in the United Arab Emirates. Meanwhile Noble, which loaded Iraqi Basrah crude on July 25…
MarAd's Carmel: Great Lakes are Central to America's Maritime Revival
CHICAGO — July 30, 2026 — The United States cannot rebuild its maritime strength by focusing solely on its ocean coasts. Instead, the nation's industrial resurgence depends on recognizing the Great Lakes as one of America's five maritime coastlines and leveraging the region's unmatched manufacturing ecosystem, according to U.S. Maritime Administrator Stephen M. Carmel.Speaking at the American Great Lakes Ports Association's annual meeting in Chicago today…
Security Concerns About Suez Oil Rise After Tanker Drone Strike in Egypt
A drone strike that damaged two gas tankers in Egyptian waters has renewed energy security concerns about the nearby Suez Canal and a related pipeline, a vital export route for Saudi Arabian oil since the beginning of the Iran war.Even as Iran and its Houthi allies have fired on tankers transiting the Strait of Hormuz and Bab el-Mandeb, Egypt's Suez Canal and Sumed pipeline continued to offer safe…
Gulf Markets Ease as US, Iran Hostilities Resume
Major Gulf bourses ended lower on Thursday as investor sentiment weakened amid mounting concern over escalating hostilities between the U.S. and Iran. The U.S. military said it struck dozens of Islamic Revolutionary Guard targets in Iran, including military command centres and drone facilities, in a two-hour operation launched after Tehran fired ballistic missiles at U.S. forces in the Middle East.On Wednesday…
Saudi Arabia Launches Multinational Maritime Defense Coalition Plans
Saudi Arabia on Thursday unveiled plans for a multinational maritime defence coalition aimed at protecting international shipping and energy supply routes in the Red Sea region after attacks by Yemen's Iran-aligned Houthis disrupted one of the world's busiest trade corridors.The Saudi defence ministry said representatives from 43 countries and the European Union attended an international meeting that discussed the proposed coalition…
DOF Group Awarded Two AHTS Vessel Contracts
DOF Group ASA has been awarded firm contracts with a duration of more than 1 year and expected commencement in Q1 of 2027 for two of its AHTS vessels. The expected value of each contract is Significant, which DOF defines as contracts with value between USD$15 and 25 million.
Seanergy Maritime Shares Q2, H1 Financial Results
Seanergy Maritime shared their second quarter and first half 2026 financial results. Highlights include: Financial Performance & Consistent Shareholder Returns — $108.4 Million Returned Since Program InceptionRecord Q2 and H1 profit of $26.2 million and $35.9 million, respectively, up from $2.9 million net income and $4.0 million loss in the prior-year periodsQuarterly cash dividend of $0.35 per share, the Company’s 19th consecutive cash dividend; payout of approx.
Resolve Marine Announces New Tacoma, Washington Facility
Resolve Marine, a provider of marine solutions, has moved its Pacific Northwest (PNW) facility to a new location on the Foss Waterway in Tacoma, Washington. The new waterfront facility address is 700 E D Street, Tacoma, WA 98421. This location provides operational advantages, including dedicated dock space, expanded yard capacity, and upgraded equipment to support a growing range of marine services…
Travis Niederhauser Appointed Company President at Phoenix
Phoenix International Holdings (Phoenix) announced the appointment of Travis Niederhauser to the position of company President effective August 1, 2026. Travis is replacing Patrick Keenan who is joining the company's board of directors after having served as President for ten years.Travis received a BA in Geography (Concentration in GIS, Cartography, and Remote Sensing) from the University of Hawaii…
Hybrid Mobile Harbor Crane Commissioned for Port of Gulfport
SSA Marine and the Mississippi State Port Authority at Gulfport (Port of Gulfport) announced the commissioning of a new Liebherr LHM 550 hybrid mobile harbor crane at the Port, along with $1.6 million in state grant funding that will enable the electrification of the crane.The crane has a lift capacity of 124 metric tons and will be SSA Marine’s second LHM 550 in operation at the Port of Gulfport.
Boskalis Windpiper Converted into Subsea Rock Installation Vessel
Vuyk Engineering provided the basic design for Boskalis to convert the Windpiper into a 45,000+ ton subsea rock installation vessel.Originally built for a different purpose, the Windpiper has been converted to execute offshore rock installation activities, with a cargo capacity above 45,000 tons, making it the largest vessel in this segment.The design centers on a tower mounted inclined fall pipe system used to guide rock from vessel to the seabed.
China Patrols South China Sea Shoal
China's military and coast guard conducted patrols in the airspace and waters near the disputed Scarborough Shoal in the South China Sea on Thursday, separate statements showed.Tensions have recently flared between China and the Philippines amid repeated maritime disputes and confrontations in the South China Sea, which China claims almost entirely as its own despite overlapping claims by Southeast Asian nations.China's Coast Guard said in a statement it took necessary measures, including a verb
OCIMF Publishes Advice for Track Guidance Assistant Systems
The use of Track Guidance Assistant for Inland Navigation (TGAIN) systems is growing across Europe's inland waterways. OCIMF has published guidance to support the safe implementation and operation of TGAIN systems. While TGAIN technology has the potential to improve steering accuracy, reduce operator workload and enhance fuel efficiency, legislation governing its use will only be active from January 1, 2028, despite reports of near misses and incidents attributed to use of the technology.
Sanmar Delivers 16th Tug to SAAM Towage
Sanmar Shipyards has delivered a new Bogaçay Class tugboat to SAAM Towage, increasing the number of SANMAR-built vessels operating within the company's fleet to 16.Renamed SAAM HUNABKU, the new tug is based on the RAmparts 2400SX-MKIl design developed exclusively for SANMAR by Canadian naval architects Robert Allan Ltd. Following her handover at Sanmar Shipyards on July 14, 2026, the vessel will begin operations at Puerto Quetzal, Guatemala.
