Swiss lender Credit Suisse has won a $41 million lawsuit against a member of the Saudi royal family over a loan to refinance a super yacht, with London’s High Court ruling there was no viable defense to the bank’s case.Prince Fahad bin Sultan…
Read more
Turkey Launches Its First Amphibious Assault Ship
Turkey launched its first amphibious assault ship on Monday, aiming to extend its drone capabilities from land-based to naval operations amid increased regional tensions as war rages in Ukraine on the other side of the Black Sea.The TCG Anadolu can han...
Read more
Truckable Tug Joins the Curtin Maritime Fleet
California-based Curtin Maritime Corp. announced it has added a truckable tug to its fleet.The vessel, Edna C, will initially be deployed in Houston, where it will work alongside the DB Ironbound, a multi-functional ABS barge paired with a Lima 2400B 1...
Read more
Russia Warns West: We May Work Around the Black Sea Grain Deal
Russia warned the West on Friday that unless obstacles to its exports of grain and fertilisers were removed, then Ukraine would have to export grain over land and Moscow would work outside the UN-brokered landmark grain export deal.The Black…
Read more
Saudi-led Coalition Eases Restrictions on Yemen’s Imports
A Saudi Arabian-led military coalition lifted eight-year-old restrictions on imports headed for Yemen's southern ports, the internationally recognized authorities said, in a sign that peace talks are progressing with the Houthi group in the…
Read more
Scotland’s New First Minister Yousaf Visits Port of Aberdeen
Scotland's new First Minister Humza Yousaf and Just Transition Secretary Màiri McAllan this week visited Port of Aberdeen's £400 million South Harbour expansion.According to Port of Aberdeen, the duo heard firsthand how the port "supports Scotland's…
Read more
Ukraine Could Export a Further 15.6 mln T of Grain This Season
Ukraine may export a further 15.6 million tonnes of grain in the April to June quarter, which would unexpectedly lift this season's exports to nearly 53 million tonnes, the AgroPortal agency quoted the first deputy farm minister as saying on…
Read more
First Jones Act-compliant Offshore Wind Farm SOV Hits Halfway Mark
U.S. offshore shipbuilder and shipowner Edison Chouest this week marked the 50-percent completion milestone for the U.S.-flagged ECO Edison, the first Jones Act-compliant wind farm SOV. Senior executives from offshore wind developers Ørsted…
Read more
Swedish Prosecutor Believes State Actor Behind Nord Stream Pipeline Blasts
A state actor's involvement in the blast of the Nord Stream pipelines last year is the "absolute main scenario", though confirming identity will prove difficult, the Swedish prosecutor investigating the attack said on Thursday.In September 2022…
Read more
Euroseas CEO: New Charter for ‘Synergy Keelung’ Demonstrates Containership Market Resilience
Greece-based shipowner Euroseas has secured a new charter of its container vessel M/V “Synergy Keelung” for a period of between a minimum of twenty-four and a maximum of twenty-six months at the option of the charterer, at a gross daily rate of $23,000...
Read more