The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, a move that sent oil prices higher and sharply escalated tensions between Washington and Caracas"We've just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, actually, and other things are happening," said Trump
In a shipbuilding industry defined by tradition, one new entrant is seeking to rewrite the rules of how naval vessels are designed, built and delivered. Saronic Technologies, founded just three years ago, is racing to create what CEO Dino Mavrookas calls “a next-generation shipbuilding ecosystem” — one capable of delivering unmanned surface vessels (USVs) at the speed and scale the U.S.
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has conducted a steel cutting ceremony for a 115,000-ton product tanker at the HD Hyundai Philippines Shipyard in Subic Bay, Philippines.The vessel is the first ship built by HD Hyundai Philippines and is the first in a series of four vessels ordered from an Asian shipping company in December last year.
Yemen's Houthis said on Monday they launched a missile towards the Israeli-owned tanker Scarlet Ray near Saudi Arabia's Red Sea port city of Yanbu in a rare attack off the Saudi coast.The Liberia-flagged vessel's Singapore-based manager, Eastern Pacific Shipping, owned by Israeli magnate Idan Ofer, said the chemical tanker was undamaged and under the command of its captain.
Four seafarers on the Liberian-flagged, Greek-operated bulk carrier Eternity C were killed in a drone and speedboat attack off Yemen, an official with knowledge of the issue said on Tuesday, the second incident in a day after months of calm.The Red Sea, which passes Yemen's coast, has long been a critical waterway for the world's oil and commodities but traffic has dropped since the Iran-aligned
It is no secret that today's focus of the U.S. Navy is preparing for the possibility of conflict in the Pacific by 2027, and a recent maritime exercise with the U.S. and the Philippines in the South China Sea - the fifth such publicized exercise - is a move that will likely irk China.The Philippine military said in a statement it held a "maritime cooperative activity" with the U.S.
BYD Energy Storage, a leader in the energy storage sector, and Corvus Energy AS, a leader in marine energy storage systems (ESS), announced the signing of a Memorandum of Understanding (MoU) to establish a strategic collaboration aimed at advancing next-generation battery solutions for the maritime sector.
An EU warship secured the crew of an oil products tanker on Friday after it was attacked by pirates off Somalia, its operator and a European Union naval mission said, as worries grow over a resurgence of piracy after years of calm.Just hours earlier, in a separate incident, another vessel successfully outran a pirate skiff in the same area, maritime sources said.
The European Union's counter piracy force has deployed a warship to the coast off Somalia after a suspected pirate group tried to target ships in the area, maritime sources said on Wednesday.Armed assailants attacked a commercial tanker off the coast of Mogadishu on Monday, firing at the vessel after attempting to board the ship in the first suspected Somali piracy incident of its kind since 2024
Armed assailants attacked a commercial tanker off the coast of Mogadishu on Monday, firing at the vessel after attempting to board the ship in the first suspected Somali piracy incident of its kind since 2024, maritime sources said.If confirmed, this would be the first Somali piracy attack against a merchant ship since May 2024
Tanco Terminals is expanding its liquid barge facility at the Ports of Indiana–Jeffersonville to meet rising demand for blended fertilizers across southern Indiana and northern Kentucky.The $750,000 expansion includes two new 45,000-gallon tanks designed to support regional cooperative Premier Ag, which is the customer of Tanco Terminals.
Representatives from American Bureau of Shipping (ABS), University of Michigan, Singapore Institute of Technology (SIT) and Sea Forrest Technologies have signed a memorandum of understanding to explore batteries and electrification in maritime applications.The agreement establishes a cooperative framework for the organizations to collaborate on academic and scientific projects related to battery