The U.S. imposed sanctions on Monday on three vessels and their owners for delivering oil and gas products to Yemen's Houthis, as Washington piled pressure on the Iran-backed rebels over their attacks on Red Sea shipping.The sanctions targeted…
Read more
2025 Voluntary Vessel Speed Reduction Season in California Commences May 1st
The 2025 season for the voluntary NOAA and Protecting Blue Whales and Blue Skies (BWBS) programs will begin on May 1 and conclude on December 31. BWBS and NOAA strongly recommend that all vessels 300 gross tons or larger reduce speeds to 10 knots or le...
Read more
Hepburn and Sons LLC, Stäubli Electrical Connectors to Develop Improved Insulated Bus Pipe for the U.S. Navy
Stäubli Electrical Connectors, a leader in advanced connector solutions, and Hepburn and Sons LLC, a leader in Department of Defense (DoD) technology integration, have announced a strategic partnership to develop an improved version of Insulated Bus Pi...
Read more
Artemis Technologies, Noatum Maritime to Purchase Electric Foiling Pilot Boat for UAE Operations
Artemis Technologies, a leader in commercial electric foiling vessels, has entered an agreement with Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, to purchase an electric Artemis EF-12 Pilot boat to operate in the United…
Read more
CMA CGM Welcomes its First Indian Flagged Vessel at Nhava Sheva Free Port Terminal
The CMA CGM Group welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier, CMA CGM Vitoria, at Nhava Sheva Free port Terminal on April 28, 2025, in the presence of Honourable Minister of State for Ministry o...
Read more
Veson Nautical: US Port Fees May Disrupt Dry Bulk Trade and Vessel Availability
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. This fee, which could reach up to $3.5 million per port call…
Read more
Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap
Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said.The…
Read more
Korea Development Bank to Sell Shares in Hanwha Ocean
South Korea's state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday.KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday…
Read more
Main Iron Works Delivers 10th Vessel for Ingram Marine Group
Benny Cenac Jr.’s Houma based Main Iron Works Company has completed the 10th boat newbuild for Ingram Marine Group. This partnership with Main Iron Works and Ingram began in 2021 and included the construction of 10 new towboats to be completed by the e...
Read more
Veson Nautical: Three Impacts of the IMO’s New Fuel Intensity Target on S&P Activity
The International Maritime Organization (IMO) recently hosted the 83rd meeting with the Marine Environmental Protection Committee (MEPC 83), resulting in a new fuel intensity target, which is set to come into force no later than March 2027.This…
Read more