The Panama Maritime Authority (PMA) has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process.The deregistered vessels had been identified for compliance concerns or were listed on sanctions list issued by the US Office of Foreign Assets Control (OFAC), the EU and the UK.
India is set to establish a 250-billion-rupee ($2.9 billion) maritime development fund to provide long-term financing for the country's shipbuilding and repair sector, Finance Minister Nirmala Sitharaman announced on Saturday.The initiative aligns with Prime Minister Narendra Modi’s vision of transforming India into a developed nation by 2047.
Patriot State, the second vessel in a series of new training ships for the U.S.' state maritime academies, was christened during a ceremony at Philly Shipyard on Monday ahead of scheduled delivery to Massachusetts Maritime Academy in the coming weeks. The vessel is the second of five being built by Philly Shipyard under the U.S.
As the shipowners stare down decarbonization mandates that grow increasingly strict through 2050, the engine makers are at the tip of the spear of this energy transition phenomena, working to design and build engines and components that are built to operate on a long and growing list of alternative fuels. We recently visited with Dr.
Divers scoured the wreck of a luxury yacht off Sicily's coast on Tuesday to find six missing people, including British tech entrepreneur Mike Lynch and a Morgan Stanley executive, following an intense storm that sank the vessel on Monday.The British-flagged Bayesian, a 56-metre-long (184-ft) superyacht, was carrying 22 people and anchored off the port of Porticello when it was hit by the fierce
The Unified Command recovered the body of another missing victim at the Key Bridge incident site on May 1, 2024.The victim is identified as Miguel Angel Luna Gonzalez, 49, of Glen Burnie, Maryland.Unified Command salvage teams located one of the missing construction vehicles and promptly notified the Maryland Department of State Police.
U.S. Coast Guard Cutter Polar Star (WAGB 10) and crew departed the Antarctic region Tuesday after 65 days south of the Antarctic Circle in support of Operation Deep Freeze 2025.Operation Deep Freeze is an annual event, led by the U.S. Antarctic Program (USAP) in conjunction with the Department of Defense, to support the U.S. National Science Foundation (NSF).
BRIX Marine launched a Bridge Cat 49 (4519- DCT), built for Bridgemans Services Group. The personnel transfer vessel, Bridge Cat 49 (BC49), accommodates up to 45 passengers plus three crew and is built to meet Transport Canada passenger vessel requirements for use in British Columbia, Canada.The BC49 is constructed with a 45-foot aluminum hull and an 18.5-ft.
South Korea's industry ministry has provisionally decided to impose up to 38% tariffs on Chinese steel plate imports after an investigation into alleged dumping of the steel product used in shipbuilding and construction.The move comes after South Korean authorities initiated an investigation into dumping by Chinese steel suppliers after local companies had filed complaints about an influx of
Orizzonte Sistemi Navali (OSN), a joint venture owned by Fincantieri (51%) and Leonardo (49%), has received notification from the Italian Navy that it has exercised its option for the construction of the fourth next-generation offshore patrol vessel (OPV) and the related logistical support.The total value of the operation is about $255.7 million (€236 million).
Mitsubishi Shipbuilding, part of Mitsubishi Heavy Industries (MHI) Group, has held a christening and launch ceremony for the Trans Harmony Green, the first of two LNG-powered roll-on/roll-off (RoRo) ships built for Toyofuji Shipping.The ceremony took place at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture.
A formal naming ceremony was held at the CSSC Huangpu Wenchong Shipbuilding Company in the Chinese province of Quanzhou on April 26 for AAL Shipping’s new heavy lift vessel, AAL Limassol.Due to sail on her maiden voyage from China into Europe, the 32,000 deadweight AAL Limassol is set to carry a full weather deck of project heavy lift cargo, including two 135-meter-long barges, weighing 1