DEME Expands Fleet with Next-Gen Hopper Dredger Order
Belgian marine contractor DEME has ordered a next-generation trailing suction hopper dredger (TSHD) as part of a fleet expansion aimed at improving efficiency in dredging, land reclamation and offshore seabed preparation.The new vessel will have a hopper capacity of 22,000 cubic meters and is designed to reduce greenhouse gas intensity and lower dredging costs compared with existing vessels in the same segment…
Oil Hits Four-Month Low After US-Iran Doha Talks
Oil prices fell for a third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the U.S. had made progress in talks over the Strait of Hormuz.Brent futures LCOc1 were 66 cents or 0.92% lower at $70.91 a barrel at 0758 GMT, while U.S. West Texas Intermediate crude CLc1 fell 59 cents or 0.86% to $67.99 a barrel, their lowest level since February 27.The talks made "positive progress" on matters related to the memorandum that halted the war in June…
Castor Maritime Buys Second Kamsarmax Bulker, Takes Delivery of Two Vessels
Castor Maritime has acquired a 2024-built Kamsarmax bulk carrier for $41.9 million and completed the delivery of a second vessel, expanding its fleet to 11 ships.The company said it acquired the M/V Magic Saturn from an unaffiliated third party through a wholly owned subsidiary and took delivery of the vessel on June 29.On June 29, Castor also took delivery of the M/V Magic Jupiter, a 2023-built modern eco Kamsarmax bulk carrier…
A.P. Moller Holding to Acquire Ocean Yield from KKR
A.P. Moller Holding has agreed to acquire 100% of Oslo-based ship leasing company Ocean Yield from funds managed by investment firm KKR, expanding its maritime portfolio.Ocean Yield has interests in more than 70 vessels across several shipping segments, including gas carriers, LNG carriers, container ships, crude, product and chemical tankers, and dry bulk carriers.Under KKR's ownership since 2021…
German Prosecutors Charge Ukrainian in Nord Stream Blasts Case
German federal prosecutors said on Thursday that a Ukrainian national tied to the Nord Stream pipeline blasts has been charged with being an accomplice to a war crime, disruption of public services, causing an explosion and destroying structures.Serhii K, as the suspect is known under German privacy rules, is suspected of acting on behalf of Ukrainian government entities, along with other military personnel…
Congressional Leaders Urge Trump Administration to End Jones Act Waiver
Congressman James Comer (R-Ky.), Speaker of the House Mike Johnson (R-La.), and Republican lawmakers today urged the Trump Administration to allow the current Jones Act waiver to expire as scheduled, and to take additional policy steps to safeguard American shipbuilding and the long-term competitiveness of the U.S. maritime industry. “We appreciate your longstanding support and attention to the challenges facing our domestic shipping industry.
Byrnes take the Helm at Blue Sky Maritime Coalition
Blue Sky Maritime Coalition (Blue Sky) appointed Rich Byrnes as its new President and Chief Executive Officer as of July 1, 2026.“Rich is a dynamic leader with a…
Coast Guard Issues Notice on Unmanned Vessels
The U.S. Coast Guard (USCG) identified multiple unmanned maritime system (UMS) operations occurring within and near major West Coast port approaches without prior coordination with cognizant Captains of the Port (COTP). The lack of advance notification reduces maritime domain awareness and limits the USCG’s ability to effectively assess operational risk, support safe vessel movement, and protect the Marine Transportation System (MTS).UMS…
LCA says Key Commodity Trade Up 4.5%
U.S. shipments of limestone on the Great Lakes increased 4.5 percent from June 2025 to 3 million tons. This June’s U.S. loadings were also above the month’s 5-year average by 6.9 percent.Year-to-date, the Lakes U.S. limestone trade stands at nearly 7 million tons, a decrease of 7.5 percent compared to last year and 7.2 percent below the month’s 5-year average.U.S. ports: Calcite, MI; Cedarville, MI; Drummond Island, MI; Marblehead, OH; Port Inland, MI; and Presque Isle, MI.
Greensea IQ wins $18m Navy Contract
Greensea Systems, Inc., d.b.a, Greensea IQ, won a $18,154,710 Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract to provide hardware, software, and engineering technical services for underwater controllers used to operate autonomous and remotely operated systems in maritime environments. This seven year, sole-source award, made under the authority of 10 U.S. Code 3204(a)(1) further establishes Greensea IQ as a trusted leader in subsea autonomous solutions for the Department of War.
Alex Gregg-Smith Takes Over As IACS Council Chair
IACS announced that, with effect from July 1, Mr Alex Gregg-Smith, President Marine & Offshore at Bureau Veritas, has assumed his duties as Chair of the IACS Council having been unanimously elected in December 2025.In preparation, Alex Chaired the 93rd meeting of the IACS Council (C93) which took place in Busan on 17/18 June where he set out his vision for his term in office. In his opening speech…
US, Iran Discuss Peace Deal, Restarting Shipping
The U.S. and Iran held indirect technical talks in Doha on Wednesday as they seek to agree on the flow of shipping through the Strait of Hormuz and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official said.The talks are based on a 14-point interim accord signed last month that was meant to halt the war that began with U.S.-Israeli strikes on Iran in February and reopen the strait…
Oil Prices Fall As US-Iran Talks Appear to Go Well
Oil prices fell on Wednesday as optimism over U.S.-Iran talks eased supply concerns after U.S. President Donald Trump said meetings in Qatar had gone well.Brent futures were down 95 cents, or 1.30%, to $72.00 a barrel at 0119 GMT. U.S. West Texas Intermediate crude was down 54 cents, or 0.78%, at $68.96 a barrel — its lowest since February 27."The negotiations that are currently taking place in Qatar are perceived as being positive (and) that has allowed prices to drift further…
Controversial $3.6B, China-backed Dam Project Restarted
Myanmar's new government aims to complete within roughly eight years a contentious $3.6 billion dam project at Myitsone in northern Kachin state, said two sources with knowledge of comments by Khet Htein Nan, who leads the state administration.The comments came after junta chief turned president Min Aung Hlaing returned from a visit last month to China, which has long sought to build the massive hydropower project in the northermost province of the war-torn country."It will begin shortly…
Top 10 Tips to Navigate UK ETS - Navtor
If you’re viewing today’s arrival of UK ETS with mounting unease, fear not! NAVTOR’s Performance Director Jacob Clausen is here to help simplify complexity, turning compliance challenges into commercial gain. How do you feel about adding another layer of complexity on top of your existing regulatory reality? Not too excited, I imagine.The arrival of the UK Emissions Trading Scheme (UK ETS) for parts of the shipping sector (cargo and passenger vessels over 5…
WinGD Books Engine Order for 12 Dynacom's VLCC Newbuilds
Swiss marine engine designer WinGD has secured an order to supply main engines for 12 very large crude carriers (VLCCs) being built at China's Hudong-Zhonghua Shipbuilding for Greek tanker owner Dynacom.Each vessel will be fitted with a WinGD 6X82-2.0 low-speed engine, alongside exhaust gas scrubbers and high-pressure selective catalytic reduction (SCR) systems to meet current International Maritime…
Svanehoj Lands First LNG Carrier-to-FSU Conversion Job
Danish marine equipment supplier Svanehoj has secured its first contract to supply LNG tank gauging systems for the conversion of a liquefied natural gas (LNG) carrier into a floating storage unit (FSU).The company will deliver four LNG density and temperature (LTD) gauging systems to Drydocks World Dubai for the conversion of the LNG carrier LNG Bayelsa into the FSU Cap Lopez.The conversion is being…
Offshore Rocket Recovery Vessel Studied
NYK and Graduate School of Engineering The University of Osaka Launch Joint R&D Initiative on Offshore Recovery Systems for Reusable RocketsNYK and the University of Osaka launched a collaboration on July 1, 2026, to advance an offshore recovery system for reusable rockets being developed by NYK under a Space Strategy Fund project of the Japan Aerospace Exploration Agency. Through this collaboration…
DOF Bags TotalEnergies Contract for FSO Replacement Project
DOF Group has secured a contract from TotalEnergies to provide subsea construction and mooring services for the floating storage and offloading (FSO) Unity Replacement Project.The contract covers engineering, transportation and installation of mooring systems, as well as subsea construction work, including the disconnection of the existing floating storage and offloading (FSO) unit and the connection…
Walter Takes CEO Helm at MEYER WERFT
A leadership transition is complete at German shipbuilder MEYER WERFT as André Walter officially assumed the role of Chief Executive Officer on July 1, succeeding Bernd Eikens, who retired after leading the company through its financial restructuring.Walter joins MEYER WERFT from Airbus, where he most recently served as CEO of Airbus Aerostructures GmbH and Airbus GmbH in Hamburg. An engineer by training…
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