Oil prices rose to their highest in almost six weeks on Wednesday, with Brent crude surpassing $95 a barrel, on mounting concerns about disruptions to Middle Eastern supply routes because of escalating hostilities between the U.S. and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen.Brent crude futures were up $2.23, or 2.45%, at $93.
DEME, through its Japanese joint venture Japan Offshore Marine (JOM), has secured a contract for the Oga–Katagami–Akita Offshore Wind Project, covering engineering work and vessel charter services for the offshore installation of 21 wind turbines.The contract forms part of an agreement between Oga Katagami Akita Offshore Green Energy and Penta-Ocean Construction.
The barge Defiant was refloated from the Castillo San Felipe del Morro shoreline in San Juan Harbor, Wednesday at approximately 2:22 a.m., just before high tide.Salvage crews and tugboat operators prepositioned three tugboats and completed all the preparations, including the pressurization of all cargo tanks, voids and compartments in the barge.
Great Lakes Dredge & Dock Corporation and Saltchuk Resources, Inc. announced a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion.Under the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies
The U.S. Coast Guard coordinated the rescue of 27 mariners on Saturday after their Venezuelan-flagged fishing vessel caught fire approximately 500 miles north-northwest of the Galapagos Islands, Ecuador.At 3:51 p.m. PST, Saturday, Rescue Coordination Center Alameda received a notification from the Garmin Search and Rescue Command Center of an SOS distress alert from the 240-foot fishing vessel
C&C Marine and Repair delivered M/V Capt. Pete Ciaramitaro, a 2,600-horsepower inland towboat, to Southern Devall. The vessel is the first delivery from C&C Marine’s six-vessel spec towboat program and was delivered just over two months after the contract was signed on July 20, 2026.
The future of maritime safety will not be determined by a choice between people and technology but will instead depend on how effectively the industry combines them. Capt. Naoki Saito, General Manager and Head of the Cyber Security Ship Management Systems Department, ClassNK fully acknowledges the critical place mandatory procedures occupy in upholding consistent maritime safety
Capt. Jonathan Andrechik transferred command of Coast Guard Sector New York to Capt. Doreen McCarthy Monday, during a change-of-command ceremony at Sector New York in Staten Island. Rear Adm. Michael Platt, Commander, Coast Guard Northeast District, presided over the ceremony.Capt. McCarthy reported to Sector New York and has served as the deputy commander since May of 2024.
The Administration has made American manufacturing, shipbuilding, and supply chain resilience national priorities. The Great Lakes region is home to steel, autos, agriculture, energy infrastructure, defense suppliers, and advanced manufacturing. The St. Lawrence Seaway carries maritime commerce into that region.
The marine pump specialist, Svanehoj, has further expanded its marine service and aftersales business in the Benelux region by acquiring H&K Services B.V., a Dutch company specializing in the service and repair of marine fuel and cargo gas pumps. H&K Services will operate under the Svanehoj EPS name from its current location in Stellendam, Netherlands
This week, U.S. Representative Salud Carbajal (D-CA-24) was recognized by the International Propeller Club and received the Frank Courtenay “Salute to Congress” Award for championing legislation to support the American maritime industry. The Salute to Congress Award recognizes members of the U.S. Congress for their leadership and support of the American maritime industry.
Associated Terminals and Liebherr Maritime Cranes celebrated the christening of two CBG 500 E cranes in New Orleans, introducing the first all-electric transshipment cranes of their kind on the Lower Mississippi River. Each crane is engineered for high-volume bulk handling, offering maximum grab capacities of 90 tonnes in sheltered waters and up to 65 tonnes inopen water