As global reliance on subsea infrastructure grows, so do the risks. Discover how safeguarding undersea assets opens new frontiers for innovation and investment.Importance of Subsea InfrastructureSubsea infrastructure plays a critical role in maintaining the operational continuity of the modern society and the global economy.
A new analysis from Windward reports a 20% decrease in the volume of direct oil voyages out of Russia in Q3 2024 compared to Q2.Q3 2024 marked the lowest monthly average of direct voyages from Russia to China since March 2023. When compared to Q2 2024 averages, there is a decrease of 12% in such voyages.
An engine room fire led to the evacuation of dozens of passengers from a NY Waterway ferry during the busy rush hour commute on Tuesday evening.The 65-foot vessel Father Mychal Judge was transiting along the Hudson River en route from Manhattan to New Jersey when the blaze broke out on board.
Yemen's Houthis said on Sunday that they had attacked two civilian ships along with an American destroyer in the Red Sea and Arabian Sea, their latest effort to disrupt shipping in what they say is support for Palestinians in Gaza.In a statement, the Houthi military spokesperson, Yahya Saree, said the militant group fired ballistic missiles at the American destroyer
The Government of Panama rejects the claims made by Mark D. Wallace, CEO of United Against Nuclear Iran (UANI) in recent publications circulated through the media and electronic mail worldwide. Panama, through its Panama Maritime Authority (referred to by its Spanish acronym AMP), the entity in charge of the Panama Ship Registry, as the governing body of the Panamanian maritime sector
Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater market showing signs of weakness and contract opportunities becoming scarcer, reactivating these units is proving even more challenging.
The marine industry at large slowly evolves on fuel transition, as the questions on regulation, technology and finance of emerging technologies cumulatively works to stunt growth. Enter Dave Lee, Executive Director, e1 Marine. Dave Lee is certainly no stranger to advanced marine technology, as he also serves as VP of Innovation and Technology @ Maritime Partners
R.W. Fernstrum & Company, founded by Robert W. Fernstrum 75 years ago, is a quintessential U.S. manufacturing story. The company was born in the aftermath of WWII, founded on an invention developed during the war by Robert Fernstrum to help solve an engine overheating problem that was plaguing U.S. Navy landing craft.
Eureka Naval Craft is introducing its suite of high-speed AIRCAT (air cushion catamarans) surface effect ships (SES), already in use with the offshore energy industry, to the defense market.According to Bo Jardine, CEO of Eureka Naval Craft, a newly formed U.S.-based naval defense company, the versatile suite of AIRCAT naval vessels can serve as a patrol craft, rescue craft
The United States must renew its commitment to a strong, reliable American maritime capability to confront emerging threats. China’s aggressive shipping expansion poses significant challenges to the United States and our allies. Global tensions have highlighted the vulnerability of maritime supply chains
U.S. forces destroyed three Iranian-backed Houthi uncrewed surface vessels in the Red Sea in the past 24 hours, the U.S. Central Command (CENTCOM) said on Saturday.Separately, the Houthis launched three anti-ship ballistic missiles into the Gulf of Aden but there were no injuries or significant damage reported by U.S., coalition, or merchant vessels, CENTCOM added.The U.S.
When Richard Schwarz joined SAFE Boats International as chief financial officer in 2015, he brought to the company a healthy dose of experience in defense and aerospace manufacturing, primarily gained on the financial side of the business. About 2.5 years later, he transitioned to become chief executive officer of the Pacific Northwest boatbuilder