Turkey-based tanker operator Palmali on Friday lost its London lawsuit against the trading arm of Russian oil producer Lukoil over a purported deal to provide oil products.Palmali, controlled by Azerbaijan-born businessman Mubariz Mansimov, first sued ...
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CIMAC Congress 2025 Ends, Looking Forwards to 2028
After five days of exchange, the 31st CIMAC World Congress officially concluded in Zurich. The event united almost 1,000 experts and professionals from over 20 countries, featuring more than 200 presentations, Pecha Kucha sessions, panel discussions…
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Vega-Reederei Recieives First Vessel of New Next-Gen Coasters
The Hamburg-based Vega-Reederei, a family-owned shipping company founded in 1919, has officially taken delivery of the first vessel of its new series of next-generation coasters: the 3,800 dwt MV VEGAPETRA.The ship was delivered on May 21 by…
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China Threatens Philippines to Stop Provocation in South China Sea
China's foreign ministry on Friday urged the Philippines to immediately stop "infringement and provocation" in the South China Sea or face China's "resolute response."The remarks came a day after Beijing and Manila traded accusations following…
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First Fleet of 3000 DWT Hopper Barges Launches at Brazil Shipyard
On May 7, 2025, the first in a groundbreaking fleet of 3,000-ton deadweight hopper barges, designed by Robert Allan Ltd., was officially launched at Juruá Shipyard in Manaus, Brazil. The event marked a milestone in LHG Mining’s river transportation…
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PMA Recovers $8.5m In Owed Seafarer Wages
The Panama Maritime Authority (PMA) has strengthened its collaborative ties with the International Transport Workers’ Federation (ITF) during a recent visit by ITF delegates to the General Directorate of Seafarers (DGGM). The meeting focused…
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BAE Systems Set to Open $250M Shiplift Facility in Florida
BAE Systems has announced inauguration of a $250 million shiplift and land-level repair facility at its Jacksonville, Florida, shipyard on June 2, with a ribbon-cutting ceremony attended by Acting Chief of Naval Operations Admiral Jim Kilby.The…
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Navantia Seanergies Delivers Second Substation Jacket for French OW Farm
Navantia Seanergies, Spanish shipbuilder Navantia’s green energies division, has delivered its second substation jacket for Ocean Winds for the offshore wind farm at Dieppe Le Tréport in France.The jacket departed from the south basin of the Puerto Rea...
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Harvest Now Decrypt Later
The threat that AI and quantum computing pose to cyber security is already here, even before these technologies are mature enough to crack today’s encryption methods. Bad actors are taking a “harvest now decrypt later” approach to cyberattacks.Classica...
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Unattended Helm Leads to Grounding of Towing Vessel
A pilot of a towing vessel on the Mississippi River left the helm unattended for several minutes, leading to a grounding near Thebes, Illinois, the National Transportation Safety Board (NTSB) has concluded.While the towing vessel City of Louisville…
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