When the United States and 11 allies published a joint statement last week calling for an end to Houthi attacks from Yemen on Red Sea shipping, they hoped the implicit threat of force might at least reduce the intensity of fire on foreign vessels.Inste...
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Turkey, Romania, Bulgaria Unite to Clear Floating Mines in Black Sea
Turkey, Romania and Bulgaria signed an agreement on Thursday on a joint plan to clear mines floating in the Black Sea as a result of the war in Ukraine, following months of talks between the NATO allies.Turkish Defense Minister Yasar Guler,…
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Oil Tanker Involved in US-Iran Dispute Boarded by Armed Guards Near Oman
An oil tanker caught up in a dispute last year between the United States and Iran was boarded by armed individuals off the coast of Oman on Thursday and appeared to have changed course towards Iran, according to UK maritime sources.The Marshall…
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Surging VLCC Rates Impact US Crude Oil Shipments to Asia
The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this week.With the arbitrage for U.S. shipments closed…
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Volvo Penta Unveils IPS Professional Platform
Volvo Penta has unveiled IPS Professional Platform, its new propulsion offering for superyachts and commercial marine vessels, slated for commercial availability from 2025.Volvo Penta said the new fully integrated helm-to-propeller solution…
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HII Names Courtney Corporate VP of Legislative Affairs
HII announced that Peter Courtney has been promoted to corporate vice president of legislative affairs and Betsy Bina Benedict will join HII to serve as the director of legislative affairs. Courtney succeeds Carolyn Apostolou who retired in…
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Egypt’s PM, Maersk Officials Discuss Developments in Red Sea
Egypt's Prime Minister Mostafa Madbouly discussed developments in the Red Sea with officials from shipping group Maersk in a video conference and ways to enhance cooperation, a statement from the Egyptian cabinet said on Wednesday.Madbouly stressed the...
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Hunt Valve to Equip USCG Polar Security Cutter
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), announced it has been awarded a purchase order to provide motor-operated valves (MOVs) through Hunt Valve for the U.S. Coast Guard’s (USCG) Polar Sentinel (W...
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Newport News Delivers First Columbia-class Stern
HII’s Newport News Shipbuilding (NNS) division announced today delivery of the first Columbia-class ballistic missile submarine stern to General Dynamics Electric Boat.The stern for District of Columbia (SSBN 826) was transported by barge from…
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OSG Pledges $90,000 to Mass. Maritime Academy Foundation
Overseas Shipholding Group (OSG) announced a three-year pledge in the amount of $90,000 to the Massachusetts Maritime Academy as the US. shipping company continues to promote women to receive training to enter the maritime industry.OSG said…
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