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ClassNK Names New Leadership Team

Japan-based classification society ClassNK has named Hayato Suga as its new president and CEO, and Fumihiko Higashi as its executive vice president.Effective March 21, 2025, Suga will move from his current senior vice president role, while Higashi…
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U.S. Wants Black Sea Ceasefire

A U.S. delegation will seek progress toward a Black Sea ceasefire and a broader cessation of violence in the war in Ukraine when it meets for talks with Russian officials on Monday, after discussions with diplomats from Ukraine on Sunday.The so-called ...
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Recycling Market Abuzz Over Sanctioned VLCCs

This week’s news was abuzz surrounding the two OFAC sanctioned VLCCs that recently arrived OPL Chattogram and are now stuck after undoubtedly risky transactions that have resulted in several failed onward resales, reports cash buyer GMS.Both…
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Tidewater Orders Four Inland Barges

Tidewater Transportation and Terminals has finalized a contract with Gunderson Marine and Iron, a Portland, Oregon-based shipyard, for the construction of four new liquid refined product barges.The barges will measure 272 feet long, 42 feet wide…
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Survey Vessel Runs Aground off Italy

The geophysical survey vessel Fugro Mercator ran aground off the north coast of Elba, Italy, on March 22.The Italian coastguard arrived on site swiftly to provide support and monitor the situation. All crew, 11 people in total, were evacuated and taken...
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CGC Naushon Decommissioned

The U.S. Coast Guard decommissioned Coast Guard Cutter Naushon (WPB 1311) during a ceremony in Homer on March 21.Rear Adm. Megan Dean, the commander of Coast Guard District 17, presided over the ceremony honoring the nearly 40 years of service…
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Lack of Oversight Impacts U.S. Fishing Industry

U.S. President Donald Trump’s regulatory freeze has injected chaos and uncertainty into a number of lucrative American fisheries, raising the risk of a delayed start to the fishing season for some East Coast cod and haddock fleets and leading to overfi...
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