Fincantieri and TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises, have launched Mein Shiff Flow, a dual-fuel cruise ship newbuild.A sister ship to Mein Schiff Relax, delivered in February 2025, the new unit is scheduled to enter service in mid-2026.With approximately 160,000 gross tons
The global economy is bracing for renewed turbulence following U.S. President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions.According to the White House, the new measures include a 10% minimum tariff on most imported goods, with certain products - particularly those from major U.S.
[The following are exerpts and paraphrasing from testimony given by Matthew O. Paxton, President of the Shipbuilders Council of America (SCA), to Congress on the morning of February 26, 2025.]While maritime strength and shipbuilding historically have been a cornerstone of global power, shifting times and geopolitical pressures impact readiness and output.
U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports down to zero, a U.S. official said on Tuesday.Iran has repeatedly threatened to close the Strait of Hormuz for traffic as a retaliation for Western pressure. That would shut down the region's trade and lead to a spike in oil prices.
Cyber, business interruption and natural catastrophes are the risks of most concern for businesses globally according to the Allianz Risk Barometer 2025 - as voted for by a record 3,778 risk management experts from 106 countries and territories.Cyber incidents (38% of responses, a record 7% points ahead) consolidates its position as the most important risk.
President James Earl "Jimmy" Carter passed away on December 29, 2024, at the age of 100.President Carter graduated from the U.S. Naval Academy in 1946 with distinction, after which he was assigned to USS Wyoming (E-AG 17) as an ensign. After completing two years of surface ship duty, Carter applied for submarine duty.
This week at MarineLink…The IMO 2020 Sulfur Cap essentially ushered in a new type of fuel - VLSFO. With it came the engine problems caused by off-spec or incompatible fuels as producers grappled with the requirement for providing a sulfur content not exceeding 0.05%. As pointed out in Lloyd’s Register’s 2024 Fuel Quality Report, persistent issues involving cat fines, stability
A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation's ocean shipping this week ended on Thursday, but a key issue driving labor unrest across the continent - the growing use of automation - was unresolved.Companies view automation as a path to better profit while unions see it as a job-killer.
Three shipyards have expressed interest in building a long-awaited series of new hybrid-electric car and passenger vessels for Washington State Ferries (WSF).Nichols Brothers Boat Builders in Freeland, Wash.; Eastern Shipbuilding Group in Panama City, Fla. and Philly Shipyard in Philadelphia have sent pre-qualification packages after WSF earlier this year invited shipbuilders to bid
Private companies involved in salvaging the Sounion tanker, which was attacked by Yemen's Houthis in the Red Sea, are exploring other options after the towing operation was deemed unsafe, the European Union's naval mission said on Tuesday.The Sounion, which was struck on Aug. 21 and which the Houthis and maritime sources have said has been rigged with explosives
A series of "indescribable, unreasonable errors" by the crew led to the shipwreck in which British tech entrepreneur Mike Lynch and six others died earlier this week, the yacht manufacturer's CEO told Reuters on Thursday.The British-flagged Bayesian, a 56-meter-long (184-foot) superyacht with 22 people aboard - 12 passengers and 10 crew - capsized and sank on Monday within minutes of being hit
Yemen's Houthis said on Monday that they conducted four military operations targeting four ships in the Red, Arabian and Mediterranean Seas as well as the Indian Ocean "linked to the United States, the United Kingdom and Israel."In the first operation, "Israeli ship MSC Unific was targeted in the Arabian Sea," Yahya Sarea, the Yemeni group's spokesperson said."A U.S.