Eleven sailors were missing at sea on Tuesday from a ship sunk by a drone attack off the coast of Bulgaria, possibly the second deadly sinking of a cargo vessel in the area in a week, prompting Bulgaria to summon Russia's ambassador.Two cargo ships were hit by drones overnight and one was sunk, Bulgarian officials said.
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 U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday.Washington has imposed a blockade on Iran's trade by sea while Iran has fired on ships to prevent them sailing through the Strait of Hormuz waterway at the entrance to the
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
With a growing focus on mitigating climate change and progressing toward the International Maritime Organization’s (IMO) 2050 net-zero target, the marine sector is under intense pressure to decarbonize. Today, maritime transport emits nearly one billion tons of CO2 annually, representing roughly 2-3% of all energy-related carbon emissions worldwide .
Two people died and others were rescued after a fire on a ship in the Black Sea outside Romania's territorial waters, Romanian authorities said on Monday, as Ukraine blamed Russian drones for the incident.Romania's interior ministry said 11 crew members of the ship which sank had been rescued. The country's Naval Authority said the incident involved a fire on the ship Royad Mammadov.
The U.S. Army Corps of Engineers Galveston District and Port Freeport recognized a milestone in the Freeport Harbor Channel Improvement Project during a ribbon-cutting ceremony July 28, 2026.The federal navigation project deepens and partially widens the harbor channel, enhances the upper turning basin and eases the lower channel bend.
Massachusetts Maritime Academy, a public university with undergraduate degree programs focusing on science, engineering, technology, math, and business that blend academics and experiential learning is proud to announce that International Maritime Business Professors Bhani Ghosh and Paul Szwed recently presented at the International Accreditation Council for Business Education (IACBE) conference
U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela."Overnight, U.S. military forces conducted a right-of-visit
U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela."Overnight, U.S. military forces conducted a right-of-visit
The U.S. has seized the Olina tanker in the Caribbean, the fifth vessel targeted in recent weeks as Washington steps up efforts to curb Venezuelan oil exports, U.S. officials said on Friday.The Olina, which according to public shipping database Equasis was falsely flying the flag of Timor Leste, previously sailed from Venezuela and had returned to the region