Global insurer Allianz Commercial recently issued its 2025 Safety & Shipping Review, examining maritime risk trends and losses. The report revealed that the shipping industry has made significant improvements when it comes to maritime safety in recent years. During the 1990s the global fleet was losing 200+ vessels a year.
The crew of Panama-flagged cargo ship MV ISA STAR have been rescued in the Red Sea after sending a distress signal, the EU's Aspides naval mission said."All crew members aboard the MV ISA STAR have been rescued and will be transported to Djibouti, the nearest safe port of call," Aspides said in a statement posted on Facebook.
Preparing for industrialization, the floating offshore wind industry is tackling its unique mooring and cabling challenges.The idea of keeping floating offshore wind platforms in place using dynamic positioning has been considered. The trouble is: it could take up to 80% of the electricity generated by the turbine to do it.
Massachusetts Maritime Academy (MMA) officially took custody of its new training ship Patriot State during a handover ceremony on October 11.The vessel is the second of five being built by Philly Shipyard under the U.S. Department of Transportation Maritime Administration’s (MARAD) National Security Multi-Mission Vessel (NSMV) program, designed to provide a purpose-built
Faced with an aging fleet, the Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority has turned to converted offshore support vessels (OSV) to breathe new life into its ferry operations.The operator announced its purchase of the OSVs HOS Shooting Star and HOS Lode Star from Hornbeck Offshore Services in 2022, to replace its open-deck freight vessels Gay Head and Katama
Finnish shipbuilder Meyer Turku has floated out Star of the Seas, the second Icon-class cruise ship for U.S. cruise giant Royal Caribbean.The float out was celebrated at the Turku, Finland shipyard with an event that included the firing of a ceremonial cannon. The dry dock gates were opened, and the dry dock—measuring 16 meters deep, 80 meters wide and 365 meters long—was filled with water
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.
The second vessel in a series of new training ships for the U.S.' state maritime academies has completed sea trials, build manager TOTE Services said.The National Security Multi-Mission Vessel (NSMV) Patriot State, built by Philly Shipyard and scheduled for delivery to the Massachusetts Maritime Academy later this year, completed the trials with participation from the shipyard, vendors
Royal Caribbean Group on Tuesday announced an agreement with Finnish shipbuilder Meyer Turku for the construction of up to three new Icon Class vessels—the world's largest cruise ships. The deal includes one firm order for scheduled delivery in 2027 plus options for two additional vessels.The U.S.
Two large oil tankers were on fire on Friday after colliding near Singapore, the world's biggest refuelling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities and one of the tanker operators said.Singapore is Asia's biggest oil-trading hub and the world's largest bunkering port.
The first in a series if brand new training ships for the U.S.' state maritime academies has had to alter course on its inaugural summer training voyage after running into technical issues. The National Security Multi-Mission Vessel (NSMV) Empire State, built by Philly Shipyard and delivered to SUNY Maritime Academy in September 2023
Venezuela's state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles, according to documents and ship monitoring services.Cuba and its main oil supplier, Venezuela