Sallaum Lines Orders LNG Dual-Fuel PCTC From China
Sallaum Lines has ordered an 8,600-car equivalent unit (CEU) pure car and truck carrier (PCTC) from China Merchants Shipyard, with an option for a second vessel, expanding its newbuilding program as it prepares for long-term growth in the global vehicle carrier market.The LNG dual-fuel, ammonia-ready vessel is scheduled for delivery in 2029 and follows a separate order announced earlier this month for two firm 8,600-CEU PCTCs, with options for two more, at Xiamen Shipbuilding Industry.The latest order increases Sallaum Lines' newbuilding program to nine vessels…
Samsung Heavy, Conrad Shipyard Get ABS Nod for LNG Bunkering ATB Design
The American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to Samsung Heavy Industries (SHI) and Conrad Shipyard for the basic design of a 12,000-cubic-metre LNG bunkering articulated tug-barge (ATB) planned for construction in the United States.The approval follows a memorandum of understanding between SHI and Conrad Shipyard to jointly develop and build LNG bunkering ATBs. ABS said it completed design reviews based on its class rules and applicable statutory requirements.The project is among the first initiatives announced through the Korea-U.S.
Iran Rejects Omani Plan for Strait of Hormuz Management
Tehran has ruled out Oman's proposal for regional joint management of the Strait of Hormuz, a senior Iranian official told Reuters on Wednesday, scuppering hopes for a resolution to the impasse that has choked off Gulf trade for months.Oman proposed a new regional deal aimed at resolving the conflict over the critical strait, through which about a fifth of global oil and liquefied natural gas flowed before the U.S. and Israel attacked Iran in February.However, Tehran ruled out Oman's proposal for regional joint management of the strait, saying it had no chance of success.The U.S.
Oman Proposes Voluntary Hormuz Transit Fee Plan
Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday.The plan could serve as a basis to end the disruption to trade through the strait caused by the U.S.-Israeli war on Iran.President Donald Trump, who abruptly called off a two-week U.S. bombing campaign over the weekend in his latest strategic U-turn, said there were "good talks" under way with Iran but threatened to restart strikes unless negotiations deliver.
Coast Guard Seizes Marijuana Off the Caribbean
U.S. Coast Guard Cutter Charles Sexton's crew seized approximately 2,380 pounds of presumptive marijuana worth an estimate of $2.8 million, Saturday, following an interdiction of a suspected drug-smuggling vessel approximately 80 miles southwest of Great Inagua, Bahamas.In coordination with the Bahamian government and with logistical support from U.S. Coast Guard Homeland Security Cutter-Ocean, Coast Guard Cutter Charles Sexton and the Royal Bahamian Defense Force crews boarded the suspected drug-smuggling vessel and discovered 97 bales of suspected marijuana.
Ret. U.S. Navy Captain Mark Harris Joins Exiger as Strategic Advisor
Exiger, a supply chain AI company and largest provider of supply chain risk technology to the U.S. Government, has announced that retired U.S. Navy Captain (Supply Corps) Mark Harris has joined as a Strategic Advisor.He brings over 30 years of logistics, supply chain, and operations management experience across diverse Navy programs to the development and delivery of Exiger's AI across military and defense industrial base customers.Capt. Harris joins as Exiger expands its footprint across Fed Gov and Defense Industrial Base to accelerate defense readiness with AI."The U.S.
United States, Norway Complete North Atlantic Interoperability Exercise
The U.S. Coast Guard successfully completed a major interoperability exercise conducted by the crews of Legend-class national security cutter USCGC Stone (WMSL 758) and Norwegian Coast Guard Vessel Hopen, marking a significant milestone in international Arctic cooperation and operational readiness.The exercise, part of Operation Arctic Cohesion (OAC) 2026, took place from July 8 to 15 off the coast of New England and ashore in Newport, Rhode Island.During the exercise, the crews of Stone and Hopen focused on building familiarity, strengthening coordinated response, and improving seamanship.
Houthis Targeted Saudi Oil Transport
Yemen's Iran-aligned Houthis said on Monday they targeted a number of sensitive crude oil supply and transport sites linking eastern Saudi Arabia to the critical Red Sea oil export hub of Yanbu.Saudi state oil giant Aramco did not immediately respond to a request for comment.Houthi military spokesperson Yahya Saree said the operation was in response to what he described as Saudi drone incursions into Yemeni airspace.Saudi Arabia has re-routed its crude output to Yanbu via its east-west pipeline to get around Iranian attacks on shipping in the Strait of Hormuz, which began after the U.S.
KUSPC: Commercial Shipbuilding’s New Partnership or an Outlet to Support Defense Acquisitions?
On July 23rd, 2026 Amtech, courtesy an invitation from the U.S. Department of Commerce, attended the Grand Opening of the Korea-U.S. Shipbuilding Partnership Center (KUSPC) in Washington DC, a Secretary level event with invitations provided to recognized leaders in the U.S. commercial and naval shipbuilding industry. Amtech has been working with Commerce from the initial release of the first Executive Order issued to recover and develop U.S. maritime dominance. And with that,…
Fraser Industries LLC Signs Shipyard Modernization Memorandum of Understanding with HD Hyundai to Advance U.S. Shipbuilding Revitalization
Fraser Industries LLC announced that it has signed a memorandum of understanding (MOU) on cooperation for shipyard modernization to revitalize the U.S. shipbuilding industry with HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company of HD Hyundai's shipbuilding division.HD Hyundai will advance Fraser Shipyards as a hub for rebuilding the U.S. shipbuilding industry and will provide a shipyard modernization solution that includes shipyard design and construction expertise…
CMT Launches Engine Pressure Drop Tester for Ship Operators
Germany's CM Technologies (CMT) has launched a compact pressure drop testing instrument designed to help ship operators detect cylinder pressure leaks early, enabling them to address engine wear before it leads to higher fuel consumption, costly repairs and vessel downtime.The Pressure Drop Test Instrument (PDTI) measures pressure loss in diesel engine cylinders during the compression process, helping engineers identify issues such as worn piston rings, cylinder liner wear or…
Red Sea Shipping Slows After Houthi Attack on Saudi Arabia
Ship traffic through Bab el-Mandeb fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast, while transit through the Strait of Hormuz stayed low over the weekend, shipping data from Kpler showed on Monday.Eleven commodity vessels passed through the Bab el-Mandeb strait on Sunday, the lowest level in months, the data showed.Red Sea traffic has been disrupted off the coast of Yemen since last week by the Tehran-aligned Houthis, who want to blockade Saudi exports…
KSOE and Siemens Partner on AI-Powered Shipyard
HD Korea Shipbuilding & Offshore Engineering has signed an agreement with Siemens Digital Industries Software to develop an AI-powered shipyard.The next-generation marine platform is centered on integrating the entire shipbuilding process—from vessel design and production to supply chain management, quality control and maintenance—into a single 3D-model-based data environment powered by AI and digital technologies, enabling the use of consistent information across every stage of the process.Through the platform…
USCG Cutter Healy Returns to Homeport After Engineering Casualty
U.S. Coast Guard Cutter (CGC) Healy experienced an engineering casualty while operating northwest of Port Angeles, Washington. There were no reported injuries. On July 13, tugs safely towed CGC Healy back to homeport for an investigation into the incident and to undergo major repairs.The Coast Guard maintains a strong presence in the Arctic to control, secure, and defend the U.S. northern border and approaches, and uphold U.S. sovereignty against adversaries’ aggressive economic and military actions in the Arctic.
US Missiles Strike Across Iran After Houthis Announce Naval Blockade
U.S. missiles struck targets across Iran, reaching as far as its Caspian coast, on Friday after President Donald Trump vowed "major military punishment" for Tehran and its Houthi allies in Yemen for extending the Middle East war to a second major shipping chokepoint, the mouth of the Red Sea.Two weeks after the collapse of an interim truce meant to end the war, the Iranian armed forces responded by firing at U.S. bases in neighbouring Arab countries and warning people there that they may strike non-military buildings used by U.S.
ABS Deepens South Korea-US Shipbuilding Collaboration
ABS has signed two agreements with South Korean shipbuilding organizations aimed at advancing software-defined vessel technology and strengthening workforce development for the U.S. and Korean shipbuilding industries.The first agreement will see ABS Consulting and affiliate ABS Wavesight support HD Korea Shipbuilding & Offshore Engineering (HD KSOE) in developing its software-defined vessel (SDV) platform by providing software quality assurance advisory, verification and validation support.The collaboration is intended to help establish a framework for software quality…
Oil Eases After Topping $100, Still Set for Weekly Rise
Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran.Brent futures LCOc1 fell nearly $4, or 3.96%, to $96.70 a barrel at 0946 GMT, having settled above $100 in the previous session for the first time since May after Iran-aligned Houthis said they struck two Saudi oil tankers in the Red Sea.The contract remained on course for a 9.7% advance this week.West Texas Intermediate (WTI) futures CLc1 were down $3.15 or 3.42% at $89.04 a barrel…
Chinese Supertankers Exit Red Sea With Saudi Oil
Two Chinese supertankers carrying a combined 4 million barrels of Saudi Arabian oil exited the Red Sea via the Bab el-Mandeb strait on Thursday, shipping data showed, apparently escaping a blockade on shipments of Saudi oil by Yemen's Houthi militias even as other Saudi vessels came under attack.The Red Sea blockade by the Iran-aligned Houthis is worsening global energy supply disruption, coming at the same time the key Strait of Hormuz has practically shut due to the resumption of fighting between the U.S.
South Korean, U.S. Shipbuilders Deepen Ties
The quest to rebuild U.S. shipbuilding capability quickly is premised on partnering with existing shipbuilding powers outside of China, with several recent announcements today solidifying the connection between the two allies.Four separate partnerships were recently announced, three today, underscoring a growing bilateral effort to rebuild America's maritime industrial base through investments in shipbuilding capacity, workforce development and advanced manufacturing technologies.The announcements, made in conjunction with the launch of the Korea-U.S.
Shipping Insurance Costs for Red Sea Voyages Surge After Houthi Attacks
The insurance cost of shipping goods through the southern Red Sea doubled for some companies on Thursday, after Yemen's Iran-aligned Houthis attacked at least one tanker overnight, sources said.The Houthis said their forces had carried out missile and drone strikes on Saudi oil tankers, the Encelia and the Layla. This worsened the turmoil for shipping in the region, with the Strait of Hormuz essentially shut down.Maritime security sources confirmed the strike on the Encelia, off the coast of the southern Saudi port of Jizan…
Aramco Offers Additional Crude Cargoes Amidst Houthi Threats
Saudi Aramco has offered additional crude cargoes for loading from Egypt's Mediterranean port of Sidi Kerir, according to five trading sources, as Houthi threats to Saudi shipping raise risks for southbound Red Sea exports through the Bab el-Mandeb strait.The cargoes, which are shipped to Egypt's Red Sea port of Ain Sukhna and then carried by the Suez-Mediterranean Pipeline to Sidi Kerir, are being offered on a spot basis, two of the sources said, supplementing supplies to Aramco's term buyers.While Aramco already supplies some customers in Europe and North America from Sidi Kerir…
US Begins Importing Iraqi Oil Through Syria
The United States has begun importing fuel oil of Iraqi origin shipped through Syria for the first time, according to shipping data and two sources familiar with the operations, as Iraq expands a Mediterranean export route established after disruptions to Gulf trade routes earlier this year.The alternative route is a further example of shippers seeking ways to move supplies around the world that circumnavigate the Strait of Hormuz, which has been effectively closed for several months…
Saronic, Samsung Heavy Industries Collaborate on Autonomous Marine Systems
Saronic and Samsung Heavy Industries (SHI) announced a strategic partnership to accelerate the development of autonomy-capable maritime systems and technologies to strengthen America’s shipbuilding industrial base. Through this partnership, the companies will harness technology and expertise to build the maritime industrial capacity and workforce needed to deliver on American and allied shipbuilding needs, both today and into the future.The companies unveiled the partnership at the launch of the Korea–U.S.
