Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come
Faced with an aging fleet, the Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority has turned to converted offshore support vessels (OSV) to breathe new life into its ferry operations.The operator announced its purchase of the OSVs HOS Shooting Star and HOS Lode Star from Hornbeck Offshore Services in 2022, to replace its open-deck freight vessels Gay Head and Katama
An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said.Chevron last October offered to pay $53 billion for Hess, one of the two biggest deals in the largest wave of consolidation in the oil industry in decades.
Yemen's Houthi militants are believed to have sunk a second ship, the Tutor, in the Red Sea, the United Kingdom Maritime Trade Operations (UKMTO) said on Tuesday.The Greek-owned Tutor coal carrier was struck by missiles and an explosive-laden remote-controlled boat on June 12 and had been taking on water, according to previous reports from UKMTO, the Houthis and other sources.
Managers of the Galaxy Leader cargo ship on Tuesday renewed calls for the release of the vessel's 25 crew being held by Yemen's Houthi militants for seven months.The militants used helicopters to attack the Bahamas-flagged ship on Nov. 19. They captured the Bulgarian ship master and chief officer, along with 17 Filipinos and other sailors from Ukraine, Mexico and Romania, the ship managers said.
Missiles fired by Yemen's Houthi militants struck the Palau-flagged Verbena cargo ship in the Gulf of Aden on Thursday, sparking a fire and severely injuring one of her crew, U.S. Central Command said.The Iran-allied Houthis have launched dozens of attacks on international shipping in the Red Sea region since November in solidarity with the Palestinians in the war between Israel and Hamas.
A cargo ship from Russia earlier detained in Germany on suspicion of breaching sanctions is now free to leave the port of Rostock, the Stralsund main customs office confirmed on Friday without providing any further details.The Atlantic Navigator II carried 251 containers of birch wood destined for the United States, which is subject to EU sanctions against Russia, but not to the US ones
A cargo ship leaving Russia that made an unscheduled stop at the German port of Rostock is under investigation there for carrying cargo in possible breach of sanctions, German authorities said on Wednesday.The Atlantic Navigator II, managed by Canada-based CSAL and sailing under the Marshall Islands flag, has been detained by German customs.
Britannia, the insurer of container ship the Dali, is working with the vessel's owner and U.S. authorities on the investigation into the collapse of Baltimore's Francis Scott Key Bridge, the insurer said on Thursday.The bridge collapsed on Tuesday after the Dali suffered a power outage and struck a pylon, causing huge disruption in the port.
The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.
The wreck of a World War II-era freighter has been discovered in over 600 feet of water around 35 miles north of Michigan’s Keweenaw Peninsula.Over the last 7 years, shipwreck researcher Dan Fountain has been studying remote sensing data in the search for shipwrecks in Lake Superior.
Australia's Birdon Group announced its U.S. subsidiary has reached a deal to acquire Metal Shark Boats' shipyard in Bayou La Batre, Ala.Birdon America said it will utilize the 32-acre facility for vessel repair work as well as newbuild activity, including construction of the U.S. Coast Guard's $1.187 billion 27-vessel Waterways Commerce Cutter (WCC) Program awarded to Birdon in 2022.