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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Shipping Attacks Push US and Allies to Mideast Crunch Point
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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