Pangaea Logistics Solutions Ltd., announced a definitive agreement to purchase the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC, for $17.2 million in cash.The deal is expected to be complet...
Read more
Seafarer Arrested for Flying Drone in Norwegian Port
A ship’s officer on board a commercial vessel was recently arrested, fined and at risk of being deported from Norway for flying his personal drone over a commercial port in Norway, where the vessel was berthed.The incident was detailed in a report from...
Read more
Philippines, China Trade Blame in Latest South China Sea Spat
The Philippines accused China's coast guard on Tuesday of firing water cannon at government ships taking supplies to fishermen at a disputed shoal in the South China Sea, but Beijing said its "control measures" followed the boats' intrusions…
Read more
Eni Scales Up LNG Bunkering Activities through Avenir LNG Charter Deal
Eni has signed a charter agreement for the LNG bunker vessel Avenir Aspiration with Avenir LNG to support an expand in activities in LNG bunkering market.The bunker vessel will supply LNG for cargo and passenger ships, which are increasingly…
Read more
Vard Secures Deal to Build Another CSOV for Norwind Offshore
Vard, Norwegian subsidiary of the Fincantieri Group, has signed a new contract for the design and construction of one tailor-made Commissioning Service Operation Vessel (CSOV) for Navigare Capital Partners.The contract, established in close…
Read more
CBED’s Wind Evolution CSOV to Stay a Little Longer with Hughes Subsea
Danish shipowner CBED has secured a one-year contract extension with Hughes Subsea, an OEG Renewables company, for its Wind Evolution commissioning service operation vessel (CSOV).Only six months into the Wind Evolution’s first contract with Hughes Sub...
Read more
New Vessel Launched for Lake Superior Research Institute
Harvey, La. shipbuilder Midship Marine has launched a new low-emission battery hybrid research vessel for the Lake Superior Research Institute (LSRI) at the University of Wisconsin-Superior.Described as a "floating classroom", the 65-foot aluminum…
Read more
Cyber Threats to Maritime Vessels Grow Exponentially
Cyber threats to maritime are increasing rapidly, and later this year Marlink will unveil a report which classifies the growing problem. From common phishing schemes to targeted attacks on command and control systems, Cedric Warde, Vice President…
Read more
Ukraine Damages Russian Warship in the Baltic Sea
A Ukrainian sabotage operation has damaged a Russian minesweeping vessel in Russia's Kaliningrad region and put it out of action, Ukraine's military spy agency said on Monday.The spy agency, known by the acronym GUR, said it was the second attack…
Read more
Crafting Dependability: The Island Vessel Built for Any Challenge
The owners of a private island in the U.S. rely on vessel transport as a lifeline to the mainland. Their boat, used for carrying supplies and even supplying medevac support in emergency situations, must be able to run at any time, in all conditions.So…
Read more