The Panama Maritime Authority has initiated the expedited cancellation of six Panamanian vessels included in the UK Sanctions List – Consolidated List of Financial Sanctions Targets in the UK.The six ships were added to the UK list on November 25.“The State has the responsibility to guarantee the well-being of the Panamanian Registry
Vessel owners are making new fuel choices, but increasingly, they have options to help reduce the risk of doing so.The latest engine developments aim to make it easier for owners to avoid the chicken-and-egg fuel price and availability risks of new fuels.As Roger Holm, President of Wärtsilä Marine and Executive Vice President at Wärtsilä Corporation recently pointed out
A merchant vessel reported two explosions near a ship travelling 14 nautical miles southwest of Yemen's Al Dhubab, British maritime security firm Ambrey said on Monday.The report followed statements by the U.K. Maritime Trade Operations (UKMTO) agency, which initially reported receiving information about two explosions related to an incident 25 nautical miles south of Yemen's port of Mokha.
The Arab Shipbuilding and Repair Yard Company (ASRY) announced that Dr. Ahmed AlAbri has been appointed the new chief executive officer (CEO) of the shipyard, effective August 2024.AlAbri has more than 25 years of experience in the field, having served a variety of executive roles in the regional maritime industry.
A.P. Moller - Maersk (Maersk) is in the process of signing newbuilding orders and time-charter contracts for LNG dual-fuel container ships.The new orders for 50-60 vessels will match its planned renewal pace of around 160,000 TEU per year.The new orders are a continuation of its fleet renewal program initiated in 2021 which has seen orders placed for 25 methanol dual-fuel vessels
Managers of the Galaxy Leader cargo ship on Tuesday renewed calls for the release of the vessel's 25 crew being held by Yemen's Houthi militants for seven months.The militants used helicopters to attack the Bahamas-flagged ship on Nov. 19. They captured the Bulgarian ship master and chief officer, along with 17 Filipinos and other sailors from Ukraine, Mexico and Romania, the ship managers said.
Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is an LNG business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).
Austal has secured a $516 million contract to construct the lead ship of the United States Navy's ocean surveillance program, T-AGOS 25, the Australian defence shipbuilder said in an exchange filing on Friday.The contract, announced on May 19, was originally for $113.9 million for a detailed design of the Auxiliary General Ocean Surveillance Ship T-AGOS 25 Class for the United States Navy
The 25 crew members of the MSC Aries, which was seized by Iran on April 13, are safe, shipping firm MSC said on Wednesday, adding that discussions with Iranian authorities are in progress to secure their earliest release."We are also working with the Iranian authorities to have the cargo discharged," the Swiss headquartered company said in a statement.
Yemen's Houthi militants said on Monday they had attacked another cargo vessel in the Gulf of Aden which was at risk of sinking, raising the stakes in their campaign to disrupt global shipping in solidarity with Palestinians in the Gaza war.The Iran-aligned Houthis have made repeated drone and missile strikes since November in the Red Sea and Bab al-Mandab Strait, drawing U.S.
The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.
Rescue crews are searching by air and sea for six crew members missing from a Turkish-registered merchant vessel that sank in the Marmara Sea off northwest Turkey on Thursday.It was reported that the 69-meter general cargo ship Batuhan A started to sink at 6:30 a.m. local time due to bad weather and sea conditions, according to the Turkish Coast Guard.