Shares in South Korean shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean rose more than 15% and 16%, respectively, today, after two U.S. senators debuted a bill to allow the U.S. Navy to build naval vessels in a shipyard located in a U.S. allied country.Senators Mike Lee (R-UT) and John Curtis (R-UT) have introduced two new bills aimed at enhancing the readiness and capabilities of the
As global reliance on subsea infrastructure grows, so do the risks. Discover how safeguarding undersea assets opens new frontiers for innovation and investment.Importance of Subsea InfrastructureSubsea infrastructure plays a critical role in maintaining the operational continuity of the modern society and the global economy.
The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders.
The pilot of a towboat that struck an industrial cargo pier near Saint Rose, La., last year had fallen asleep, the National Transportation Safety Board (NTSB) said Wednesday.The pilot of the Marquette Transportation owned and operated towing vessel John 3:16 was experiencing the effects of fatigue during his watch on September 12, 2023, while navigating the Lower Mississippi River.
The refloat and transit of the M/V Dali from its current location to a local marine terminal is slated for early Monday morning.Optimum conditions call for the transit of the M/V Dali to commence at high tide, predicted to be Monday at 5:24 a.m. The vessel will be prepared at 2 a.m., allowing the M/V Dali to catch the peak high tide for a controlled transit.
Resorts World Cruises announced the return of two iconic Asian cruise brands – StarCruises and Dream Cruises. The Resorts World Cruises brand was used temporarily to restart cruising in Asia post-Covid and will be reverting to its roots over the last 30 years. The brand transition period will take approximately three months with the renewed ambition to reinforce StarCruises and Dream Cruises as
The St. Lawrence Seaway Management Corporation (SLSMC) has announced an investment of over $350 million in infrastructure upgrades over the next three years.This investment will ensure the Seaway’s continued reliability and efficiency, while creating jobs and strengthening local communities.
The Maritime Safety Committee (MSC) will meet for its 109th session at IMO Headquarters in London (in-person with hybrid participation) from 2 to 6 December 2024.The meeting will be chaired by Mrs. Mayte Medina of the United States, supported by Vice-Chair, Capt. Theofilos Mozas of Greece.
Maritime entrepreneur is a long-time advocate for diversity and inclusion in the shipping industry. Ms. Karin Orsel, co-founder and CEO of the MF Shipping Group based in the Kingdom of the Netherlands, has been selected to receive the 2025 IMO Gender Equality Award. The Award is bestowed on individuals who have made significant contributions to advancing gender equality and the empowerment of
When asked why pilots(1) are so effective, most say, “They know the local waters.” While true, there are other important factors that make pilotage so effective.Compulsory pilotage is navigation safety regulation, and by far the most effective mechanism available to governments to protect the marine environment while facilitating maritime commerce(2).
As part of a settlement with the U.S. Department of Labor, Maersk Line Limited will change its safety reporting policies and compensate a seaman the company terminated after they reported safety concerns to the U.S. Coast Guard without first notifying their employer.The actions follow a three-day hearing in June 2024 where Maersk challenged the findings of a whistleblower investigation by the
A launching ceremony of the Logistic Support Ship (LSS) Atlante took place at Fincantieri's shipyard in Castellammare di Stabia.Atlante will be delivered in 2025 and is the second unit of this type built for the Navy. The first, Vulcano, was delivered by Fincantieri in 2021.The ships designed to provide logistical support to multiplel national naval components.