Glosten announced it has been selected to develop the concept design of a coastal research vessel for the South Australian Research and Development Institute (SARDI).The naval architecture and marine engineering firm said it has been working…
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Stena Bulk Halts Tanker Transits in Red Sea
Tanker company Stena Bulk halted transits in the Red Sea early on Friday Central European Time, its CEO Erik Hannel told Reuters.It is the latest tanker operator to cease traversing the key shipping corridor following an advisory from the Combined…
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Houthis Mistakenly Target Tanker Carrying Russian Oil
Houthi militants mistakenly targeted a tanker carrying Russian oil in a missile attack on Friday off Yemen, British maritime security firm Ambrey said.The United Kingdom Maritime Trade Operations (UKMTO) organisation said it had received a report…
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Container Rates Soar on Concerns of Prolonged Red Sea Disruption
Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring concerns of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, industry officials said on Friday.U.S.
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Iran Confirms Seizure of Oil Tanker Involved in US-Iran Dispute
Iran seized a tanker with Iraqi crude destined for Turkey on Thursday in retaliation for the confiscation last year of the same vessel and its oil by the U.S., Iranian state media reported, a move likely to stoke regional tensions.The seizure…
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Flooded Engine Room Caused Fishing Vessel to Sink -NTSB
Uncontrolled flooding through a hole in the plating beneath the engine room of a fishing vessel led to its sinking in the Gulf of Mexico, the National Transportation Safety Board (NTSB) said Thursday.The commercial fishing vessel Captain Alex was fishi...
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Cyprus Chamber Sees Significant Impact from Houthis on Shipping
Sustained attacks by Yemen's Houthis on vessels using Red Sea shipping lanes could have a "substantial" impact on economies and a knock-on effect on prices, a key Cypriot shipping industry group said on Thursday.Attacks by Houthis have disrupted a vita...
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Classic Boat Updated with Modern Hybrid Propulsion System
A classic 1930s-built boat with a storied history has been updated with a hybrid propulsion system from Transfluid.Originally built in 1937 in Tacoma, Wash., the Western Flyer is most well known as the boat chartered by John Steinbeck in his…
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Rebuilding the Foundations of US Offshore Wind
As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been…
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Finnlines Names Kallio-Mannila Head of Group Sales, Customer Service and Marketing
Merja Kallio-Mannila has been appointed as Head of Group Sales, Customer Service and Marketing as of January 1, 2024. Kallio-Mannila also continues as the Head of Sales and Customer Service Finland.Kallio-Mannila has been a member of Finnlines’ Executi...
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