As Russia's war continues to rage in Ukraine and tensions hit a fever pitch in the Middle East, zooming out of the ship recycling markets, GMS sees geopolitical events taking centerstage across all shipping sectors (trading and recycling) for yet anoth...
Read more
COSCO and Wallem Group Forge Strategic Maritime Partnership
Maritime solutions provider Wallem Group and China’s COSCO Shipping Seafarer Management Company have entered into strategic cooperation to enhance their collaboration in maritime industry.The partnership underscores both companies’ commitment…
Read more
Italian Navy Orders Fourth Patrol Vessel from Fincantieri, Leonardo JV
Orizzonte Sistemi Navali (OSN), a joint venture owned by Fincantieri (51%) and Leonardo (49%), has received notification from the Italian Navy that it has exercised its option for the construction of the fourth next-generation offshore patrol…
Read more
Fuel Removed from Yacht that Struck a Reef in Puerto Rico
Salvors have lightered bulk diesel fuel from a luxury yacht that grounded on a reef just off Flamenco Beach in Culebra, Puerto Rico, the U.S. Coast Guard said.The 72-foot sailing catamaran Obsession was reportedly traveling with four people…
Read more
Biagio Mazzotta Takes Over as Fincantieri Chairman
Italian state-controlled shipbuilding giant Fincantieri announced public finance expert Biagio Mazzotta has been appointed as chairman of its board of directors. The move follows the untimely death of General Claudio Graziano, who had been appointed…
Read more
US Navy Opens Upgraded Berth at Portsmouth Naval Shipyard
U.S. Navy leadership held a ribbon-cutting ceremony on July 30 to celebrate the modernization of Berth 6 at Portsmouth Naval Shipyard. The $35 million project marks a milestone in the ongoing Shipyard Infrastructure Optimization Program (SIOP)…
Read more
Washington State Ferries Crew Rescues Boaters in Distress
Crewmembers aboard a Washington State Ferries vessel helped to rescue three boaters and a dog after their small vessel capsized near Bremerton, Wash.The crew aboard Jumbo-class ferry Walla Walla rescued a person and a dog near the Bremerton terminal Tu...
Read more
Sanmar to Build Two Tugs for Turkiye’s Directorate General of Coastal Safety
Turkish shipbuilder Sanmar announced it has secured contract to construct two powerful ASD tugboats for Turkiye's Directorate General of Coastal Safety.Sanmar, which has previously delivered four tugs to the directorate’s fleet, said the new…
Read more
Austal Delivers Latest Australian Navy Patrol Vessel
Australian shipbuilding group Austal announced it has delivered the seventh of 10 Evolved Cape-class Patrol Boats (ECCPB’s) it is building under contract to the Royal Australian Navy.Officially handed over at Austal’s Henderson, Western Australia shipy...
Read more
CalMac to Retire 40-year-old Ferry in Fleet Modernization Push
One of the oldest ferries in the CalMac fleet will be retired later this year after almost four decades of operation, as the Scottish operator phases out older tonnage and modernizes its service with new vessels.The Hebridean Isles, built by Cochrane S...
Read more