The UK Marine Accident Investigation Branch (MAIB) has released its interim report on the foundering of the Bayesian, saying the yacht may have been vulnerable to high winds and that such winds may have been evident at the time of the accident.On 19 August 2024, the UK registered large sailing yacht Bayesian foundered in high winds 0.5 nautical miles south-east of the port of Porticello, Italy.
Finland’s Border Guard is setting up a maritime surveillance centre together with other Baltic Sea states and the European Commission for the protection of critical undersea infrastructure in the Gulf of Finland, it said on Monday."Competent authorities must have the capability and the authority to intervene in situations occurring in the territorial sea and the exclusive economic zone
The U.N. Security Council on Wednesday asked U.N. Secretary-General Antonio Guterres to continue providing monthly reports on any further attacks on vessels in the Red Sea by Yemen's Houthis, spurring Russia to taunt the United States."We believe that amid present-day realities, the Security Council would be well advised to monitor attacks on commercial transport in the Caribbean, not the Red Sea
This past year won’t soon be forgotten. In 2025, conventional thinking about economics and investor behavior was frequently challenged, as dramatic changes in technology, energy and geopolitics drove markets in often unexpected ways.As the clock turns to 2026, here are 8 general market movers that can help explain what happened in 2025 and what it might mean for 2026 and beyond.1.
Manufacturer Advanced Polymer Coatings (APC) has signed a deal with global maritime transportation group Fratelli Cosulich to support its methanol-ready fleet expansion.APC has signed a contract with the Italian headquartered group to supply its industry-leading MarineLINE cargo tank coating to two new IMO Class II chemical tankers, to prepare them for methanol bunkering in Singapore.
Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday.The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. Chevron would join Carlyle and other firms in the race for the Lukoil portfolio worth at least $20 billion.
Volodymyr Z., a Ukrainian diver wanted by Germany over his alleged involvement in the Nord Stream explosions, has been detained in Poland, prosecutors and his lawyer said on Tuesday.Described by both Moscow and the West as an act of sabotage, the explosions in 2022 largely severed Russian gas supplies to Europe
Crowley Stena Marine Solutions, the joint venture between Crowley and Stena Bulk, has received approval from the U.S. Maritime Administration (MARAD) to operate the CS Anthem tanker under the Tanker Security Program.The CS Anthem, a U.S.-flagged, 49,990-metric-ton, medium-range tanker, is crewed and managed by Crowley under a bareboat charter through the joint venture.
Two senior officials at the White House National Security Council have left their roles in recent days, according to two sources familiar with the moves, the latest departures for a body that has been cut sharply in recent months.Ian Bennitt, the senior director for maritime and industrial capacity, and Brian McCormack, the NSC's chief of staff, both departed last week, said the sources
Dutch geodata firm Fugro on Tuesday said it started reducing its U.S. workforce and scaling back operations there after warning its sales and earnings would miss earlier forecasts because of volatile markets and lack of new U.S offshore wind projects.The company, which provides geotechnical, survey, subsea and geosciences services
Port of Virginia’s Portsmouth Marine Terminal has welcomed the arrival of the first substation to be installed at the Coastal Virginia Offshore Wind (CVOW) project.The CS Wind Offshore and Semco Maritime consortium was selected by Dominion Energy in 2021 to deliver three 880 MW offshore substations for the project, under development by Dominion Energy.
Maersk will continue to divert vessels away from the Gulf of Aden and Red Sea and toward the southern tip of Africa despite Yemen's Houthis announcing they will curb their attacks on ships, the container shipping giant said on Friday.The Danish shipping company said the announcement by the Iran-backed militant group was "a very welcome step in the right direction towards stability and eventual