Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets.The gas had kept flowing despite nearly three years of war, but Russia's gas firm Gazprom said it had stopped at 0500 GMT after Ukraine refused to renew a transit agreement.
The U.S. Navy on Friday announced it has placed a $6.75 billion order with San Diego shipbuilder General Dynamics NASSCO for up to eight John Lewis Class (TAO-205) Fleet Replenishment Oilers. The ships are scheduled for delivery through January 2035.The Navy, which has been looking for ways to reduce costs and increase efficiency across its shipbuilding and repair programs
Austal USA held a ceremony marking the official start of construction on the first U.S. Coast Guard Heritage-class Offshore Patrol Cutter (OPC) to be built at its Mobile, Ala., shipyard. The vessel, named Pickering (WSMM 919), is the lead vessel in a series potentially comprising up to 11 cutters under a contract valued at $3.3 billion.
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
Britain has rejected a 25 billion pound ($34.39 billion) Moroccan renewable energy project that would have used solar and wind power from the Sahara to supply up to seven million UK homes.The British government, which is aiming to largely decarbonise its electricity sector by 2030, said on Thursday it believed domestic projects could offer better economic benefits.
Germany's Siemens said on Friday that Agustin Escobar, the company's global CEO for its Rail Infrastructure division, was killed with his family in a New York helicopter crash on Thursday."We are deeply saddened by the tragic helicopter crash that claimed the lives of Agustin Escobar and his family. Our deepest condolences go out to all of his relatives," Siemens said.
Norwegian offshore vessel owner Solstad Offshore has secured a contact with Subsea7 for its subsea construction support vessel (CSV) Normand Subsea.The duration of the contract is two-year firm and three yearly options, with the start on January 1, 2026.On contract with Sbusea7 since 2009, Normand Subsea is a 113-meter-long vessel, built in 2009, featuring VS 471 design.
SAAM (SM SAAM) reported net income from continuing operations of $59.2 million for 2024, EBITDA of $188 million (+17% vs. 2023) and revenue of $578 million (+7%). During the year it also completed the process of integrating the assets acquired from Starnav in Brazil and Pertraly in Ecuador.
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
2024 LSFO exports 18.33 mln tons, -1.6% vs 20232024 fuel oil imports +7.4% at record 24.1 mln tonsFuel oil imports to trend down in 2025 on new tariffs, tax policy China's exports of low-sulfur marine fuels dipped 1.6% in 2024 from the previous year, data from the General Administration of Customs showed.
Rand Logistics, Inc., a provider of bulk freight shipping in the Great Lakes region, announced that Dave Foster has informed the Board of his decision to retire from his role as Chief Executive Officer, following a nearly 40 year career in the maritime industry, including the past four as CEO of Rand.
Louisiana-based maritime financing company Maritime Partners on Monday announced it has completed its acquisition of e1 Marine, a company that produces hydrogen generation technology for the marine sector.Originally formed as a partnership between Maritime Partners, Element 1 and Ardmore Shipping, e1 Marine provides clean energy technologies