Nuclear power has already crossed oceans. The harder question is whether modern small modular reactors can be integrated, licensed and financed for merchant ships, and where they make sense first.In 2023 the International Maritime Organization (IMO) set a goal of net-zero greenhouse gas emissions from international shipping by around 2050.
When artificial intelligence (AI) and digitalization are discussed in maritime, attention still gravitates toward autonomous ships. Yet the market is not about de-crewing but, rather, applying vessel and shore data to make operations safer, more fuel-efficient, and easier to maintain.As of 2024, the maritime AI market stood at $4.13 billion, with a projected five-year CAGR of 23%.
Stephen M. Carmel & MarAd are aiming to make this U.S. Maritime Rebuild StickFor anyone who has spent a career in the U.S. maritime industry, the past two years have been unusual by any metric. Maritime has moved from the far margins of federal policy discussions to center stage, with rebuilding American shipbuilding
A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP) shuttle tankers are a flexible and cost effective way of lifting and transporting oil from offshore fields
At least four oil and gas tankers have turned back from attempting to transit the Strait of Hormuz, ship-tracking data showed, as renewed attacks on vessels in the critical waterway heightened safety and security concerns.The diversions come after a Qatari liquefied natural gas tanker and a Saudi-flagged crude oil tanker were damaged near the strait on Tuesday following reports that Iran fired
Two supertankers and one liquefied natural gas (LNG) tanker exited the Strait of Hormuz earlier this week with their transponders switched off, and are heading for India and China, shipping data from LSEG and Kpler showed.The vessels joined a number of tankers leaving the Gulf this month, although oil and LNG traffic overall has still been limited.
Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s.
Moxie Media will host its first dedicated user event, Moxie Connect: User Conference 2026, a complimentary event open to all maritime professionals, on Wednesday, December 2, at the Ernest N. Morial Convention Center in New Orleans, alongside the International WorkBoat Show. The half-day event will bring together Moxie customers and professionals in maritime training, safety
Two tankers laden with Saudi oil crossed the Bab el-Mandeb strait over the weekend, while traffic in the Strait of Hormuz slowed following reports of vessel attacks, shipping data showed on Monday.The number of commodity vessels that passed through the Bab el-Mandeb strait fell to 18 on Sunday, from 27 on Saturday and 28 on Friday, the Kpler data showed.
With demonstration projects now underway, including a nuclear-powered LNG tanker and an offshore vessel, the debate is shifting from whether nuclear shipping is possible to how it can be delivered. Jan Emblemsvåg, Professor at the Norwegian University of Science & Technology (NTNU)'s Department of Ocean Operations and Civil Engineering in Ålesund
India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE's top customer, as the leaders of both countries held talks to strengthen trade and defence ties.The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Indian Prime Minister Narendra Modi.
NOAA Marine and Aviation Operations will celebrate the keel-laying for Navigator, the second of two new charting and mapping vessels being constructed for NOAA. The vessel is being built by Thoma-Sea Marine Constructors, LLC., in Houma, Louisiana.The keel-laying is a centuries-old maritime tradition that formally recognizes the start of a ship's construction.