Russian Oil Exports Remain Stable Despite Recent Sanctions
Russia has maintained a steady pace of oil shipments from its sea ports at the start of November despite fresh U.S. sanctions imposed on the country's largest oil companies, traders said and LSEG data shows.The United States last week introduced sanctions against Russia's two biggest oil producers, Lukoil and Rosneft. These are the first direct sanctions on Russia imposed by U.S.
Oil Prices Rise Amidst Latest US Sanctions
Oil prices rose on Tuesday on the impact of the latest U.S. sanctions on Russian oil and optimism that the U.S. government shutdown could end soon, although oversupply concerns limited gains.Brent crude futures were up $1.14, or 1.78%, to $65.2 a barrel at 11:50 a.m. ET (1650 GMT). U.S. West Texas Intermediate crude was at $61.16 a barrel, up $1.03 cents, or 1.03%.Investors continue to assess the fallout from the U.S.
US Aircraft Carrier Moves into Latin America
The Gerald Ford aircraft carrier strike group has moved into the Latin America region, U.S. officials said on Tuesday, dramatically escalating a military buildup that has deepened tensions withVenezuela.President Donald Trump ordered the deployment of the Ford last month, adding to the eight warships, a nuclear submarine and F-35 aircraft already in the Caribbean.The Ford, which was commissioned in 2017…
McDonald Appointed ABS Chairman, CEO
The ABS Board of Directors has elected John McDonald as the new Chairman and Chief Executive Officer of ABS at a board meeting on November 11.In the culmination of a well-planned succession process, McDonald, the serving ABS President and Chief Operating Officer, will take over on January 1, 2026, when present ABS Chairman and CEO Christopher J. Wiernicki retires.“I am honored to lead this remarkable organization," said McDonald in a release announcing the appointment.
Nikkiso to Provide Cryogenic Submerged Pumps for FSRU Conversions
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) announced it has secured a significant contract to provide 12 bespoke cryogenic submerged pumps to be installed on three LNG carriers which are being converted into floating storage and regasification units (FSRUs).The agreement, signed with a major European engineering, procurement and construction firm, is for submerged centrifugal high-pressure pumps which will transfer the LNG within the FSRU to the regasification system.
ENFORCER Vessel to Strengthen Netherlands Coastguard Fleet
Earliest mid-2026, the Netherlands Coastguard will be strengthened with ENFORCER, a Damen FCS 5009 vessel. This vessel will be deployed to ensure the continuity of general coastguard duties in the North Sea. ENFORCER will provide additional support until the new generation of Coastguard ships goes into operation.The duties of the Coastguard have expanded in recent years. The Rijksrederij (the Government Fleet Agency…
FarSounder Argos 3D Sonar Integrated with Anschütz SYNAPSIS (W)ECDIS NX
FarSounder, an innovator in 3D forward looking navigation sonar technology, has announced a new integration with Anschütz GmbH’s (W)ECDIS NX navigation platforms. This collaboration brings FarSounder’s real-time underwater detection and seafloor mapping data directly into the SYNAPSIS interface. Anschütz’s SYNAPSIS interface enables third-party systems to contribute geo-referenced data layers, such as sonar returns, onto the chart display without requiring modification to the system itself.
Advanced Polymer Coatings Clinches Two Tanker Deal with Asyad Shipping Company
Advanced Polymer Coatings (APC) has signed its first deal with Oman’s national shipping company.The contract will see APC’s MarineLINE coating system applied to two chemical tankers being constructed for Asyad Shipping Company.It is APC’s first deal with majority state-owned Asyad Shipping Company, which currently operates a fleet of more than 90 vessels, with a number of newbuilds in the pipeline.MarineLINE’s superior chemical resistance properties…
Domestic Shipbuilding Creates US Port Efficiency and Growth
On October 28, 2025 U.S. Senator Dan Sullivan (R-Alaska), Chairman of the Senate Committee on Commerce, Science, and Transportation’s Subcommittee on Coast Guard, Maritime, and Fisheries, convened the Senate hearing “Sea Change: Reviving Commercial Shipbuilding”. This hearing examined how to modernize and accelerate U.S. commercial shipbuilding while strengthening a larger maritime industrial base.Senator…
SFL Posts Steady Q3, Invests in Fleet Optimization
SFL posts Q3 2025 revenue of $178 million and net income of $8.6 million; declares 87th consecutive quarterly dividend of $0.20 per share.Contracted charter backlog reaches $4 billion with a weighted average term of 6.5 years, two-thirds backed by investment-grade clients.Fleet optimization and $100 million in vessel efficiency and LNG dual-fuel investments underscore SFL’s long-term sustainability strategy.SFL Corporation Ltd.
Efficiency First: Inside Olympic Subsea’s Bet on Greener Offshore Vessels
A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case.When Stig Remøy began pivoting Olympic Subsea toward subsea and renewables a decade ago, the move was met with some internal skepticism.
Better Data, Modular Solutions Drive Bergan Marine Systems
From inland towboats and tank barges, to oceangoing tankers and government fleets, Bergan Marine is literally everywhere you look on the waterfront. Kyle Durden, President & CEO, Bergan Marine Systems, discusses the rich history of this company; born in 1975 in Norway but operating from Florida since 1980, Bergan Marine Systems offers a full family of product and services that are connected, modular…
Maritime Training: Training for a Brain Built on Instant Answers
In a previous article, we explored how shrinking attention spans demand new approaches to training. But atten-tion is only part of the story. Memory itself is changing. Today’s mariners, like the rest of us, live in a world of instant answers, with tools like Google, Siri, and now AI agents and copilots. Instead of storing knowledge, the reflex is often to look it up. This profound shift changes what training should emphasize.
Offshore Service Vessels: Regional Bright Spots Emerge
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers. In the past year, the Baker Hughes overall count of U.S. rigs working has declined. September 2025’s U.S.
For Commercial Vessels, VIDA Will Usher in New Era of Uniformity
With everything going on around the maritime industry these days — from a Presidential Executive Order to Make U.S. Maritime Great Again, to bipartisan legislation in Congress to boost our shipyards and merchant marine, to the import tariff rollercoaster ride we’re all on — it’s easy to forget some other important U.S. maritime policy initiatives whose benefits are just over the horizon. One such initiative we mustn’t lose sight of is the effort by the U.S. Coast Guard and the U.S.
Palfinger to Deliver First Fully Electric Offshore Cranes for Polish Wind Farms
Austria’s Palfinger Marine has signed a contract to supply the world’s first fully electric offshore jib cranes for the Bałtyk 2 and Bałtyk 3 wind farms off Poland, marking an industry milestone in the electrification of offshore wind operations.The cranes, to be installed on the substations of the two projects, will be built at Palfinger’s facility in Gdynia, Poland, enhancing local content in the construction of the wind farms…
Goltens, WE Tech Partner Up on Energy-Efficient Marine Retrofits
Goltens Worldwide and Finland’s WE Tech Solutions have signed a memorandum of understanding (MOU) to promote and deliver advanced marine retrofit projects aimed at improving vessel energy efficiency and cutting emissions.Under the agreement, Goltens will act as WE Tech’s preferred global retrofit partner, supporting the rollout of the Finnish company’s energy-optimization technologies across the commercial shipping fleet.“Goltens brings global reach…
Konecranes Pens 200-Crane Service Deal with Meyer Turku Shipyard
Konecranes has signed a wide-ranging service agreement with Meyer Turku shipyard in Finland for the maintenance and optimization of approximately 200 cranes.The service agreement covers smaller units handling just 63 kg to a massive 1,200-tonne Goliath gantry crane.It includes a comprehensive operational maintenance, repair and readiness plan for the different cranes and equipment in the shipyard.Meyer Turku is a cornerstone of Finland’s maritime industry with a legacy spanning nearly 300 years.
Seafarer Charged with Meth Importation
A Tanzanian national has appeared in the Port Adelaide Magistrate's Court in Australia charged with the alleged importation of 3kg of methamphetamine into Australia.An investigation started on November 8 after a security officer contracted by Flinders Ports at Port Adelaide stopped the cargo ship crew member, 50, for a random baggage inspection as he left for shore leave.Three suspicious packages containing a crystal-like substance were found in a backpack the man was carrying.
High Visibility Border Patrol Conducted at Australian Port
The Australian Border Force (ABF) led a week of action in Portland last month, targeting criminal infiltration along Victoria's south-west coastline.The high visibility activity forms part of a broader operation to prevent organized crime groups from using the Australian border as a means for illegal activity, including trafficking illicit drugs such as cocaine and methamphetamine.The week of action…
