Dozens of Migrants Feared Drowned, NGO says
As many as 50 migrants attempting to reach Spain by boat from West Africa may have drowned, migrant rights group Walking Borders said on Thursday.Moroccan authorities…
Fincantieri Marinette Marine wins Harbor Assistance Grant
Fincantieri Marinette Marine (FMM) will receive $3 million from the State of Wisconsin to improve marine infrastructure along the Menominee River where the company builds surface combatant ships for the U.S. Navy.Governor Tony Evers and the Wisconsin Department of Transportation announced today that five in-state projects will receive more than $10 million in Harbor Assistance Program grants. These grants are intended to strengthen supply chain reliability…
Bardex Strengthens EMEA Team, Welcomes Finch as Director of Business Development
With the addition of Ian Finch to its Sales team, Bardex re-establishes a European base committed to growing and supporting clients and projects across Europe, the Middle East, and Africa.Bardex, a global provider of products and engineering solutions for marine-based heavy lifting, transfer, and restraint, is thrilled to welcome Ian Finch as its Director of Business Development for the EMEA region.
BP to slash over 5% of workforce
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant.Around 4,700 employees and 3,000 contractor positions will be cut this year, BP BP.L told Reuters. The cuts were announced in an internal memo seen by Reuters earlier on Thursday.BP shares were up 1% at 1200 GMT.Auchincloss…
Product Tanker Vessel Deliveries to Soar 256%
According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024. At the same time, deliveries will reach a 16-year high and the second highest on record,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The increase in deliveries follows an increase in contracting of new ships during 2023 and 2024.
New Microsatellite Boosts Norwegian Maritime Monitoring
Canada’s Space Flight Laboratory (SFL) has launched Norway’s NorSat-4 maritime monitoring microsatellite.The seventh spacecraft developed for the Norwegian Space Agency (NOSA) by SFL, NorSat-4 carries a fifth-generation Automatic Identification System (AIS) ship tracking receiver and a first-of-its-kind low-light imaging camera.Built on SFL’s 35-kg DEFIANT microsatellite bus, NorSat-4 launched from…
China’s Response Key to Russian Sanctions Impact
"This time it's different" is a well-worn cliché that seems to be getting another whirl with the latest U.S. sanctions against Russia's crude oil exports.Oil prices jumped in the wake of the new measures aimed at preventing Russia from shipping crude using a so-called "dark fleet" of tankers.It does seem strange an industry which has been arguing since Russia's 2022 invasion of Ukraine that sanctions are largely ineffective…
Taiwan will Use Navy to Protect Sea Cables
Taiwan will dispatch its navy if needed to help the coast guard respond to any suspicious activity near undersea communication cables, Defence Minister Wellington Koo said on Thursday, after a Chinese-linked ship was suspected of damaging one.Taiwan, which China views as its own territory, said a ship owned by a Hong Kong company but registered both in Cameroon and Tanzania damaged a cable to the north of the island earlier this month, although it says it has not been able to verify the ship's i
Indian Ocean Becoming Power Play Hotspot
International power rivalry is playing out in the Indian Ocean region, India's Defence Minister Rajnath Singh said on Wednesday, adding that a strong naval presence in the key trade route was his country's biggest priority.While Singh did not name any country, analysts say that China, which commands the world's largest naval force with more than 370 ships, has been a security concern for India since…
US Importers Rush to Beat Trump Tariffs
U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers.Trump, who has threatened to slap tariffs of 10% to 60% on goods from China, takes office on Jan. 20. During his first term, Trump mainly targeted Chinese parts and components.
What Keeps Business Leaders Awake at Night?
Cyber, business interruption and natural catastrophes are the risks of most concern for businesses globally according to the Allianz Risk Barometer 2025 - as voted for by a record 3,778 risk management experts from 106 countries and territories.Cyber incidents (38% of responses, a record 7% points ahead) consolidates its position as the most important risk.The risk impact of new technologies and developments…
Ship-to-Ship Transfer System Boosts Safety
The Protected Transfer System (PTX) jointly developed by Safe STS and Gall Thomson represents a significant advancement in the safe handling of crude oil transfer at sea which has already been successfully integrated into hundreds of offshore ship-to-ship (STS) operations and mandated by a growing number of jurisdictions and oil majors.STS operations have the potential for spills and physical risk to personnel during transfer as well as damage to the transfer equipment itself.
Singapore Achieved Record Growth in 2024
Singapore’s annual vessel arrival tonnage, total tonnage of ships under the Singapore flag, container throughput, total bunker sales and sales of alternative bunker fuels, reached new highs in 2024. Cargo throughput handled at the port of Singapore also increased in 2024.The annual vessel arrival tonnage in the port of Singapore grew by 0.6%, reaching a new record of 3.11 billion gross tonnage (GT), up from 3.09 billion GT in 2023.
Colonial Pipeline's gasoline line likely shut until Friday
Colonial Pipeline's main U.S. gasoline artery is expected to be shut through Friday as the company continues to search for the source of a suspected leak in Paulding County, Georgia, the company said in a statement on Wednesday.Line 1, one of two mainlines on the more than 5,500-mile Colonial system, was shut on Monday night after Colonial received reports of a gasoline release and began investigating.
Amogy Raises $56 Million for Ammonia Power Solutions
Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, announced that it raised $56 million in venture financing, bringing total raised since inception to more than $270 million.The round was co-led by existing investor Aramco Ventures and new investor SV Investment. Additional new investors participating in the round include Samsung Heavy Industries, BHP Ventures, Hanwha Investment & Securities…
Baltic Index dragged lower across all sectors
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for a second consecutive session on Wednesday, dragged down by weaker rates across all vessels.The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, was down 17 points at 1,063 points.The capesize index fell 23 points to 1,581 points. Average daily earnings for capesize vessels…
AAPA Announces Policy Agenda for America’s Ports
The American Association of Port Authorities (AAPA), the unified voice of our nation’s seaports, today released their policy agenda for the 119th Congress and the incoming Donald J. Trump Administration to revitalize America’s ports, keep America safe and secure, and unleash sustainable economic growth. The agenda was developed with extensive input from its 80 plus member public port authorities and…
DNV Class Notations for Safer Autonomous Shipping
DNV has launched a new family of class notations, Autonomous and Remotely Operated Ships (AROS), providing a framework for how autoremote vessels can achieve equivalent or higher safety compared to conventional vessels.Autonomous shipping, ranging from remote control operation to fully unmanned vessels, marks a major advancement in the maritime industry. These solutions can deliver a wide range of benefits including improved safety…
Svitzer Orders Another Battery-Powered Tug
Svitzer, a global towage and marine services provider, today announced it has ordered another battery-powered tug to add to its fleet.The tug will be used in the Øresund Strait between Denmark and Sweden. It will also contribute to achieving the ambitious targets Svitzer has set for decarbonising its global operations, to benefit its customers and communities.The new ASD electric tug is based on the design of naval architect Robert Allan Ltd.
New Helicopter Ops Guide Released by ICS
International Chamber of Shipping (ICS) Publications is proud to announce the release of the sixth edition of the ICS Guide to Helicopter/Ship Operations, an essential resource that has been setting the standard for safe and efficient helicopter/ship interactions for almost 50 years.Recognized as the go-to reference for shipping companies and crew, the Guide has been meticulously updated with input from leading experts in both the maritime and aviation sectors…
