MOBY Robotics: A New Playbook for Subsea Mineral Recovery
Moby Robotics is a new entrant to the subsea swarm autonomous robotic space, created in 2025 and aiming to take a leadership role in the discovery and recovery of subsea minerals market.The race to secure critical minerals from the deep ocean has accelerated dramatically over the past two years, driven by geopolitical concerns, energy transition goals and growing demand for rare earth elements. While…
OSV Market: Howling Wind Test Tight CSOV Market
As the market moves toward the end of the summer season in the northern hemisphere, several offshore support vessels are expected to roll off their contracts over the coming months. Shipowners are thus already positioning tonnage for the winter and next summer season. The CSOV market has remained tight over the past three months with multiple spot fixtures above EUR 60,000 per day.Throughout the season the market has also seen nine newbuilds delivered since early May…
KRATT: A Biomethane-Fueled, Ice-Class Workboat
Estonia has taken delivery of a new 38-meter multipurpose workboat that combines compressed biomethane and battery-electric propulsion with research, buoy-handling, pollution-response and rescue capabilities in a single vessel.Named KRATT, the new vessel was designed and built by Baltic Workboats for the Estonian State Fleet and christened August 12 at Saaremaa, Estonia. The €22 million vessel is scheduled…
Shipping Slows Through Strait of Hormuz After Tanker Attacks
Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East conflict stalled.Five commodity vessels transited the strait on Saturday, with none registered for Sunday, shiptracking data from Kpler showed, versus 31 in the prior weekend.Ships entering the strait on Saturday included an empty very…
Royal Navy Trials Quantum Clock
In the first-of-its-kind trials, the Royal Navy’s Disruptive Capabilities and Technologies Office worked with SAAB and quantum technology experts Aquark Technologies to further test the company’s AQlock.The cold atom clock does not rely on traditional timing information provided by conventional global navigation satellite systems. Instead, atoms inside are slowed down at very low temperatures and detect any changes by comparing the frequency of the clock to those atoms…
Diana Shipping Withdraws Genco Offer
Diana Shipping has announced, that following nine months of what it called “avoiding engagement,” Genco Board has demanded consideration valued at approximately $36.91 per share — a 57% premium to Genco’s undisturbed share price at the time of Diana’s last offer.“Genco’s demands are completely disconnected from the reality of what a credible buyer could reasonably be expected to pay,” said the company in a statement…
Cartel Threats and US Airstrikes: Ecuador Fishermen Have Nowhere to Hide
At first light on Ecuador's Pacific coast, small fishing boats fan out from the villages of San Mateo and Jaramijo, their bows pointed toward deeper waters and the promise of a good catch. Other boats come in from the rolling surf to battered coves, where crews unload baskets of tuna and swordfish and traders rush to inspect the day's haul.The scene belies the dangers some fishermen face pushing out into these waters.
Iran Tells US: “Stop Indulging in Fantasies”
Iran called on the U.S. to accept defeat on Saturday, while President Donald Trump blasted Tehran as "very evil" and told Americans to prepare for continued high fuel prices as a result of the war.Progress towards peace talks and oil tanker traffic through the strategic Strait of Hormuz remained halted, with no sign the warring parties were moving toward ending the conflict that the U.S. and Israel launched on February 28."This strait will be opened and closed only under Iran's command…
Yemen's Mocha Port Halts Operations After Houthi Attacks
Yemen's Mocha port has suspended commercial and maritime operations after being hit by more than 25 missiles in Houthi attacks over recent days, the port's director said on Saturday.The attacks killed seven people and caused an estimated $16 million in losses, the director told a news conference.Mocha is a Red Sea port near the Bab el-Mandab strait, a strategic chokepoint connecting the Red Sea with…
Admiral Praises USS Lincoln Crew Amid Reports of Worsening Conditions
The leader of U.S. Central Command, Admiral Brad Cooper, wrote on Sunday that his recent visit to the USS Abraham Lincoln was "awe-inspiring" and hailed the crew's "resilience" following reports of concerns about mental health and deteriorating conditions aboard the aircraft carrier.The ship has not made a port call in more than 200 days, setting a modern-day record for consecutive days at sea, according…
Automation is Optimizing US Logistics
U.S. transportation has steadily become more efficient through advances in engine technology, infrastructure upgrades and increasingly sophisticated logistics networks.The next wave is different. Automation is turning transportation networks into continuously optimizing systems that consume less energy per unit moved, operate for longer hours, reduce labor bottlenecks and reshape demand for fuels and electricity.Across rivers…
SAAM Towage Receives Carbon Footprint Award in Panama
SAAM Towage received the "Carbon Footprint Reduction" award from Panama's Ministry of the Environment (Level 3) as part of the national "Reduce Your Corporate Carbon Footprint" program. The award recognizes the company's efforts to reduce its carbon emissions during the 2024 and 2025 periods, certifying effective and measurable reductions in its towing operations in the country. Level 3 involves measuring…
Hormuz Traffic Dwindles As US Threatens Economic Pressure
Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday after two more ships were attacked there and the United States said it could maintain a naval blockade of Iran indefinitely.A senior Iranian source said on Wednesday that there had been no progress in talks to build on a June agreement to end the war. Since the ceasefire renewed in the June deal broke down, Iran has…
Two Oil Slicks Appear in Gulf Following Oman Spill
Two slicks have appeared in Iranian waters, satellite imagery and video verified by Reuters show, as tit-for-tat attacks on oil tankers and other vessels by Iran and the United States spark concerns about environmental damage to the Gulf.A potential environmental disaster is already unfolding off Oman outside of the Strait of Hormuz where a grounded tanker, the Caroline Bezengi, is leaking Russian crude oil in a protected marine area and has created a massive slick some estimates put at 2…
Trump Orders Carriers to Retrofit Aircraft Carriers, Return to Steam Catapults
U.S. President Donald Trump has allowed the Navy to build ships overseas and ordered it to abandon a complex system for launching jet fighters from its aircraft carriers and instead return to using steam catapults, the White House said on Thursday.Trump signed a national security memorandum directing the change, which would require the fourth vessel in the Gerald R. Ford class of aircraft carriers to abandon the Electromagnetic Aircraft Launch System (EMALS) used on the first three vessels.
Drone Attack Sparks Fire at Ust-Luga Port
Firefighters were battling flames on Friday at Russia's Baltic Sea port Ust-Luga, a major energy exports hub, after a fire sparked by a drone attack, regional governor Aleksander Drozdenko said on messaging app Telegram.More than fifty drones were downed in the Leningrad region, he added, as the region around Ust-Luga, a centre for exports of oil and oil products, kept up efforts to repel the attack.The scale of damage was not immediately clear in the attack, which continues Ukraine's tactics of
Ukraine Offers Russia Truce in Black Sea
Ukraine has sent Russia an offer suggesting they both halt attacks on civilian targets in the Black Sea, a source said, after mounting strikes on vessels and ports there raised fears over global food supplies.The offer to suspend attacks was transmitted by Kyiv via a third party, and Ukraine was still waiting for a response, the source who is familiar with the matter told Reuters.Both Russia and Ukraine…
Revised Jones Act Waiver Takes Effect August 17
U.S. Customs and Border Protection said on Thursday the Department of Homeland Security has approved a second 90-day extension of a Jones Act waiver first issued on March 17, 2026, allowing certain covered cargoes to continue moving on foreign-flagged vessels between U.S. ports under specified conditions.The waiver will commence on August 17, 2026, at 12:00 a.m. ET, the CBP guidance said.CBP said any covered product must be loaded onboard a vessel before the waiver expires at 11:59 p.m.
Port of Los Angeles Increases Clean Ship Incentives
The Los Angeles Harbor Commission has approved an addendum to further accelerate clean air technologies and incentives as part of the Port of Los Angeles’ 2025 clean air Cooperative Agreement with the South Coast Air Quality Management District (South Coast AQMD) and neighboring Port of Long Beach.Under the updated agreement, the Port of Los Angeles – along with the Port of Long Beach – will enhance incentives for the cleanest ocean-going vessels…
Shipping Risks Repeating Stranded Asset Mistakes
Shipping lenders and investors risk repeating the mistakes made by Europe's electricity utilities and their financiers a decade ago, and the financial fallout could reach far beyond individual shipowners to lenders, investors, cargo owners and other supply-chain stakeholders, says UCL.The report, Lessons from electricity sector transitions and historic shipping collapses for understanding shipping stranded asset risks…
