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US Coast Guard Icebreaker Shipbuilding Plan Gets a $8.6B Boost
President Donald Trump's 'Big Beautiful Bill' earmarks more than $8.6 billion to increase the U.S. Coast Guard icebreaker fleet in the Arctic, where Washington hopes to counter rising Russian and Chinese dominance.The funding includes $4.3 billion for up to three new heavy Coast Guard Polar Security Cutters, $3.5 billion for medium Arctic Security Cutters, and $816 million for procurement of additional light and medium icebreaking cutters.President Trump has been pushing to revive U.S.
Ferry Sinks off Bali, Killing Four as 30 Go Missing
Four people died, 30 were missing and 31 survived after a ferry carrying 65 people sank near the Indonesian island of Bali, the country's Search and Rescue agency said on Thursday, as rescuers raced to find victims in the rough sea.The KMP Tunu Pratama Jaya sank almost half an hour after leaving East Java province's Banyuwangi port on its way to Bali late on Wednesday, the agency said on Thursday.The boat was carrying 53 passengers and 12 crew members, as well as 22 vehicles, the agency said.A s
German Government Discussing Naval Spin-Off With Thyssenkrupp
The German government is still in talks with Thyssenkrupp over a spin-off of its naval ship building division TKMS, officials said on Wednesday, after a report said Berlin had no plans to take a stake.The business daily Handelsblatt, citing government sources, had reported that the chancellery as well as the ministries involved had agreed not to push for state involvement at this time, something Thyssenkrupp's…
Shares in European Renewable Companies Rise After Revised US Senate Bill
Shares in European renewable energy companies rose on Wednesday after the U.S. Senate passed a revised budget bill the previous day which was more positive for wind power compared to an earlier version.U.S. President Donald Trump's "Big Beautiful Bill" makes it harder to develop wind and solar energy projects in the U.S. by effectively phasing out renewable energy tax credits after 2026 if projects have not started construction.In the Senate's final version…
HII Launches Virginia-class Submarine Arkansas
HII announced that Virginia-class submarine Arkansas (SSN 800) was recently launched into the James River at the company’s Newport News Shipbuilding (NNS) division.Shipbuilders transferred the submarine from a construction facility to the floating dry dock, where it was launched and moved by tugboats to a submarine pier at the shipyard for final outfitting, testing and crew certification.The ship’s sponsors are the six women of the historic group known as the Little Rock Nine…
Ship Recycling Market Transitions to Hong Kong Convention Compliance
After decades of ongoing efforts, the Hong Kong Convention (HKC) has entered into force with big changes underway for the industry, reports cash buyer GMS. Bangladeshi and Pakistani markets still have a lot of work to do and catch up to the strides India has already made in upgrading their facilities over the last decade.“This is certainly great news for stakeholders, ship owners, cash buyers, recyclers…
HII, C3 AI Forge Partner to Support US Navy Shipbuilding
HII, America’s largest military shipbuilder, and C3 AI, the Enterprise AI application software company, have announced a strategic partnership to expand digital technologies and apply artificial intelligence (AI) to accelerate shipbuilding throughput at HII’s Newport News Shipbuilding and Ingalls Shipbuilding divisions.These efforts are expected to accelerate production and support the U.S. Navy’s fleet readiness needs.
Russia Conduct Drills in Sea of Japan
Russian warships and coastal missile systems struck simulated maritime targets with cruise missiles during exercises in the Sea of Japan, TASS state news agency reported on Monday, citing Russia's defense ministry.The ships and missiles systems, all part of Russia's Pacific Fleet forces, "carried out a joint missile strike against a complex target setup in the Sea of Japan, simulating enemy ships"…
Germany Considers Foreign Trade Reform to Block Nord Stream Takeover
Germany is considering changing its foreign trade law to prevent the company running the Nord Stream 2 pipelines from being taken over, a document showed on Friday, as part of Berlin's efforts to prevent any resumption of Russian gas imports.For decades Germany relied on cheap Russian gas, but since the outbreak of the conflict in Ukraine, it has sought alternatives.German Chancellor Friedrich Merz has said he will ensure Nord Stream 2…
World First: Hydrogen-Electric Tug No.1 Enters Service in China
China's first hydrogen-electric tugboat, the Hydrogen-Electric Tug No.1, was officially put into service on Thursday at Qingdao Port, east China's Shandong Province. Compared to traditional fuel-powered tugboats, this vessel is expected to reduce carbon dioxide emissions by over 1,500 tons annually, marking a breakthrough in terms of the application of hydrogen energy in China's shipping sector.The…
As Wars Rage, Middle East's Waning Influence on World Oil Prices Exposed
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets they once were.The jump in oil prices following Israel's surprise attack on Iran was meaningful but relatively modest considering the high stakes involved in the conflict between the Middle East rivals.Benchmark Brent crude prices…
Iran's South Pars Refinery Reopens After Israeli Strike
A damaged unit of the South Pars refinery's Phase 14, which was hit by Israel in its first strike on Iran's oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.South Pars, the world's biggest gas field, is located offshore in Iran's southern Bushehr province and is responsible for the lion's share of the country's gas production.Iran is the world's…
Ferrari Enters Sailing World With Unveiling of Hypersail Project
Ferrari announced its entry into the world of sailing on Wednesday with a Hypersail project led by Italian yachtsman Giovanni Soldini that it said would blend racing tradition with technological innovation.The world's first 100-foot monohull ocean racing yacht with a foil on the keel has been designed by French naval architect Guillaume Verdier and is being built at an undisclosed location in Italy with a launch scheduled for 2026."It perfectly aligns with Ferrari’s tradition…
ESL Enters U.S. Market with Direct Vessel Service from SE Asia to Seattle
Emirates Shipping Line (ESL) enters the US market with the launch of the Sun Chief Express (SCX).The Sun Chief Express (SCX) will directly connect Seattle, WA with Ho Chi Minh, and Shekou, while also providing wider coverage of Southeast Asia via these ports. ESL will leverage its intermodal solutions within the US market, to provide inland connectivity via Seattle to locations across the US including, but not limited to Portland, OR, St.
First Russian-Built Ice-Class LNG Tanker to Enter Operations This Year
The first Russian-built ice-class tanker for liquefied natural gas is expected to go into operation in the second half of this year at the Arctic LNG 2 plant, Interfax news agency quoted tanker group Sovcomflot as saying on Wednesday.International sanctions over Ukraine have led to a shortage of tankers in Russia that can cut through thick ice, preventing Arctic LNG 2 from exporting cargo since the first stage of the plant started operation at the end of 2023.The tanker…
You Cannot be a Leader if…
“You cannot be a leader if you don’t know what is going on,” says Rik van Hemmen, President of marine consulting firm Martin & Ottaway.van Hemmen, writing in the June issue of Maritime Reporter magazine, recounts of some of his experiences in oil spill response to demonstrate that it’s a truth that is not always recognized.On one salvage operation, a high-ranking government official was laughed out of the room after loudly proclaiming: “I am in charge now…
Iran Considers Closing Strait of Hormuz
Iran could shut the Strait of Hormuz as a way of hitting back against its enemies, a senior lawmaker said on Thursday, though a second member of parliament said this would only happen if Tehran's vital interests were endangered.Iran has in the past threatened to close the Strait of Hormuz to traffic in retaliation for Western pressure, and shipping sources said on Wednesday that commercial ships were…
GD Electric Boat Awarded a $987m Submarine Contract Modification
General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), was awarded a $987 million contract modification to a previously awarded contract supporting submarine production. This modification is for additional Component Development, Class Lead Yard Support (CLYS), and Submarine Industrial Base (SIB) supplier development enhancements, as detailed in the U.S. Department of Defense…
Are Workboats Really Going Green?
Tugboat and towboat owners across the nation eye fuel efficiency and emission reduction technologies and techniques in advance of increasingly stringent regulations.he first half of 2025 has seen a great deal of attention on emissions from vessels, with an eye towards their continued reductions in the coming years. Mid-April saw the International Maritime Organization (IMO)’s much anticipated Maritime…
Maritime Salvage: Disaster Response Lessons from Real Life, Sort of…
There are a few stories that I often tell when the subject of leadership in disasters is discussed. I figured I’d put them down on paper so I can stop repeating myself.It was pre OPA90, a single-skin tanker had run over a rock in the Port of New Jersey. It put a hole in the bottom, and heavy fuel oil was draining out the bottom and would do so until the oil head level in the tank would equalize with the waterline.
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