U.S. Navy Secretary Visits Fincantieri Wisconsin Shipyards
Fincantieri hosted Acting U.S. Navy Secretary Hung Cao and senior federal officials at its Marinette and Sturgeon Bay shipyards in Wisconsin, highlighting investments in advanced manufacturing, automation and expanded shipbuilding capacity as the company prepares for construction of the U.S. Navy's Landing Ship Medium (LSM) vessels.The delegation included Office of Management and Budget Director Russell Vought…
18th Tug Delivered by Sanmar Shipyards to SAAM Towage
Sanmar Shipyards has delivered SAAM XIMBAL, a new BOGAÇAY Class tug, to SAAM Towage, marking the 18th SANMAR-built tug delivered to the towage operator since 2018.Known as BOGAÇAY XCVI during construction in Türkiye, SAAM XIMBAL will operate from the Port of Lázaro Cárdenas on Mexico's Pacific coast, supporting demanding ship-handling operations at one of the country's major commercial ports.SAAM XIMBAL is based on the RAmparts 2400SX-MK|I design…
Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility
Mammoet Canada Eastern Ltd., Port of Argentia Inc. and Argentia Capital Inc. (ACI) have signed a Memorandum of Understanding (MOU) to advance plans for a floating dry dock and marine repair facility at the Port of Argentia in Newfoundland and Labrador, Canada.The proposed development would combine Mammoet's heavy lifting, transport and marine engineering capabilities with the port's existing infrastructure…
NOIA Launches Ocean Minerals Initiative
The National Ocean Industries Association (NOIA) has launched Ocean Minerals Forward, a new industry education and communications initiative examining the potential of deep-sea mineral resources to strengthen U.S. critical mineral supply chains, support domestic manufacturing and reduce reliance on foreign suppliers.The initiative includes a dedicated website, a comprehensive report and educational resources covering seabed mineral development…
Romania Blames Russia for Ship Strike, Sinking
Romanian President Nicusor Dan accused Russia of escalating its attacks on NATO's eastern flank on Friday, after a drone strike sank a cargo ship off the Romanian Black Sea coast, killing at least one sailor with three still missing.Video released by Romanian authorities showed only a small part of the hull of the capsized tanker still visible above the waves as it sank. Emergency vessels were searching…
Port Innovation Congress Draws Record Attendees to Valencia
The fourth edition of the Port Entrepreneurship International Congress (PEIC) concluded in Valencia, Spain, attracting more than 650 participants from the international maritime, port and logistics sectors, marking record attendance for the event.Organized by Opentop, Valenciaport's open innovation hub, the October 20–21 congress brought together startups, technology developers, port authorities, logistics…
HD Hyundai, Kiewit Team Up to Build New US Shipyard
HD Hyundai and Kiewit Maritime Co. have announced plans to establish a joint venture to develop a new shipyard in the United States, targeting the start of construction in 2027 and full-scale operations in 2029.The proposed venture, HD Kiewit Shipbuilding LLC, would combine HD Hyundai's shipbuilding technology and shipyard operating expertise with Kiewit's engineering, construction and fabrication capabilities…
Saipem and MDC Join Forces to Expand Offshore Drilling Activities
Saipem and Egypt's Modern Drilling Company (MDC) have signed a memorandum of understanding (MoU) to explore offshore drilling opportunities in Egypt, with the potential to extend their cooperation to other countries.The non-exclusive agreement covers the identification and development of new offshore drilling business opportunities, with the companies considering different forms of cooperation depending on individual projects.Potential arrangements include joint ventures…
Tanker Oil Spill Forces Closure of Beaches in UAE
The United Arab Emirates said efforts were under way on Friday to contain oil leaking from a tanker vessel offshore that prompted authorities to close beaches and warn fishermen to avoid the area.Since the start of the US-Israeli war with Iran, attacks on commercial vessels in Gulf shipping lanes have driven up security risks for maritime traffic and heightened fears over the conflict's environmental…
Port of Los Angeles Reports Record Low Emissions
The Port of Los Angeles recorded its lowest emissions per container on record in 2025, continuing a two-decade decline in air pollution even as container throughput remained near historic highs.According to the port's newly released Inventory of Air Emissions, diesel particulate matter (DPM) emissions declined 2% in 2025 compared with 2024, while nitrogen oxides (NOx) fell 4%, sulfur oxides (SOx) decreased 5% and greenhouse gas emissions dropped 3%.
New Crewsure Energy Program Provides Employee Benefits for Offshore Workers
Crewsure Insurance Services Limited (Crewsure) has announced the launch of Crewsure Energy, a new program that brings together traditional employee benefits with specialist Crisis Response protection, designed for companies employing personnel working in the international energy and offshore sectors.The launch represents an expansion for Crewsure, as the company already provides specialist MLC crew benefits for personnel working aboard drilling ships and other maritime assets.
Shipbuilding: Bayonne Drydock Gets MARAD Grant
Bayonne Drydock & Repair Corp. has secured a $673,123 grant from the U.S. Maritime Administration (MARAD) to upgrade surface preparation equipment and expand workforce training at its ship repair facility in the Port of New York and New Jersey.Awarded through MARAD's Small Shipyard Grant Program, the funding will be combined with the shipyard's own investment to purchase automated ultra-high-pressure hydro-blasting and surface preparation equipment.
Houthi Attacks Drive Oil Prices to Five-Month High
Oil prices climbed about 2% to a five-month high on Thursday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the key exporting region.Brent futures rose $2.42, or 2.2%, to $111.24 a barrel at 10:45 a.m. EDT (1445 GMT), while US West Texas Intermediate (WTI) crude rose $1.14, or 1.2%, to $98.29.That drove Brent into technically overbought territory…
Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports
Citi said on Thursday that near-term risks to oil prices remain skewed to the upside despite a recovery in Gulf crude exports, as shipping bottlenecks continue to keep delivered supplies tight."The normalization of Arab Gulf oil exports has been volumetric rather than logistical, with unprecedented shipping inefficiencies keeping delivered crude costs elevated," Citi saidMore than 1 million barrels per day of Gulf crude exports were moved via ship-to-ship transfers in September…
Greece, Egypt Discuss Extending EEZ Towards Cyprus
Greece and Egypt are discussing extending their Exclusive Economic Zone eastwards towards Cyprus after eastern Libya's parliament ratified a disputed maritime agreement with Turkey earlier this week, Greece's foreign minister said.Greece, Egypt and Cyprus have long opposed the Turkey-Libya maritime accord, arguing that it infringes on their own maritime claims in the eastern Mediterranean.Any extension of the Greece-Egypt agreement would be fully in line with international law and the United Nat
Top Five Maritime Threats Across the Gulf - Windward
Windward intelligence report highlights tanker and tug attacks, threats to subsea cables, an emerging oil spill and a sanctioned Russian tanker testing U.S. naval restrictions.Maritime security risks across the Strait of Hormuz, Arabian Gulf and Gulf of Oman are expanding beyond attacks on commercial tankers, with threats now extending to subsea communications infrastructure, offshore support vessels and coastal facilities.
ABS, Ørsted Tapped for 2026 NOIA Award
The National Ocean Industries Association (NOIA) has named the American Bureau of Shipping (ABS) and Ørsted the winners of the 2026 NOIA Environmental, Social, & Governance (ESG) Excellence Awards. ABS is the winner of the Service, Supply & Support category, while Ørsted is the inaugural winner of the new Operators & Developers category.The NOIA ESG Excellence Award recognizes companies whose actions, design, or influence advance the ideals embodied by the NOIA ESG Principles.
Miros Launches 3D Vessel View For Sea-State Monitoring
Miros, a Norwegian specialist in radar-based real-time ocean surface measurement, has introduced a 3D vessel view providing crews and operators with a consolidated view of the accurately measured sea state surrounding their vessel. The new 3D interface in WaveSystem, a wave monitoring system for weather-critical offshore vessel operations, shows where each wave measurement is taken. It brings each installed measurement source…
IFM Investors Fund to Acquire Majority Stake in Associated British Ports
Canada Pension Plan Investment Board (CPP Investments) and OMERS have agreed to sell their combined 63.9% stake in Associated British Ports (ABP) to a fund managed by IFM Investors, in a deal expected to close in the first half of 2027.Under the agreement announced on October 21, CPP Investments will sell its entire 33.9% holding, while OMERS will dispose of its 30% stake in the UK ports operator.IFM Investors is a global asset manager…
Global Shipyard Orderbook Up 13%, China Dominates
"On 1 September 2026, the global shipyard order book reached an estimated 203.2m Compensated Gross Tonnage (CGT), up 13% from 180.0m CGT a year earlier,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.This is slightly below the all-time high of 210.4m CGT reached in May but remains above the previous record of 195.4m CGT from 2008.Much of the growth has been captured by Chinese shipyards, who secured 74% of the CGT contracted during the past year.
