The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past 9:40 a.m. shiptracking data appeared to show the massive vessel in Russia, in fields better known for barley and sugar beets.By 4:15 p.m., the ship's erratic signals indicated it was in southern Iran near the town of Bidkhun
President Donald Trump signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.The order, which Trump signed in private, seeks to jumpstart the mining of both U.S.
A.P. Møller Holding has, through its wholly owned subsidiary APMH Invest (APMHI), made an all-cash voluntary recommended purchase offer to the shareholders of Svitzer Group to acquire all issued and outstanding shares of the company.A.P. Møller Holding, through its wholly owned subsidiary APMHI, currently owns 47% of the share capital and voting rights of Svitzer.
We are at the one-year since the Francis Scott Key (FSK) Bridge collapsed over the Patapsco River’s Fort McHenry Channel in Baltimore, Maryland. Nearly 100 percent of the wreckage and debris removal was conducted by the Jones Act private sector U.S. maritime industry. The FSK collapsed at about 1:28 a.m.
On February 21, 2025, the Office of the US Trade Representative (UST) released a notice of a proposal to impose wide-ranging fees on shipping companies and vessels with a Chinese nexus. The USTR has yet to release regulatory or administrative language that implements the proposals, and there is no guarantee this will actually happen.
The future of the two insolvent German shipyards, Flensburger Schiffbau-Gesellschaft (FSG) and Nobiskrug, looks brighter as Lürssen Group moves to place a formal bid to take over the facilities of the Nobiskrug shipyard, while Heinrich Rönner Group agrees to buy the FSG.The insolvency administrators, Christoph Morgen of Brinkmann & Partner and Hendrik Gittermann of REIMER
Private equity firm Carlyle has dropped out of a bidding process for the warship division of stricken conglomerate Thyssenkrupp, the German company said on Tuesday.Carlyle's withdrawal as a suitor for Thyssenkrupp Marine Systems (TKMS) is a major blow to Thyssenkrupp's restructuring, which also includes plans for a 50:50 steel joint venture with Czech billionaire Daniel Kretinsky.
Philly Shipyard on Monday held a steel-cutting ceremony to signal the start of construction on the first of three new Aloha Class liquefied natural gas (LNG)-fueled containerships to be built for U.S. ocean carrier Matson. Matson placed the $1 billion three-ship order with Philly Shipyard in 2022 following the deliveries of Aloha-class vessels Daniel K.
The families of the six workers who died in the March collapse of the Francis Scott Key Bridge in Baltimore filed lawsuits on Friday against the owner and operator of the cargo ship that struck the bridge.The lawsuits filed in Maryland federal court by the families of Carlos Daniel Hernandez Estrella, Alejandro Hernandez Fuentes, Miguel Angel Luna, Dorlian Ronial Castillo Cabrera
U.S. maritime companies Crowley and SEACOR Holdings on Thursday announced the formal launch of their joint venture Fairwater Holdings LLC, an independent U.S. company integrating the firms’ petroleum and chemical transportation vessels, capabilities and personnel.Active in all major Jones Act coastwise tank vessel trades, Fairwater supports the transportation of petroleum products
Singapore's offshore services firm Kim Heng has held a christening ceremony for the Bridgewater Discovery, a DP2 geotechnical survey vessel, rebuilt in 2024.With the Bridgewater Discovery vessel, Kim Heng has marked another milestone in its expansion into the renewable business sector.
Advanced Polymer Coatings (APC), the Ohio, USA-based manufacturer of protective tank coatings for chemical and product tankers, appointed Daniel Liu as its new Global Technical Services Manager. Liu is an 18-year veteran with APC, most recently serving as the company’s Technical Services Manager for East Asia and Western Pacific Region.