Since the Iranian Revolution and overthrow of Shah Mohammad Reza Pahlavi in 1979, the Strait of Hormuz has been a geographic constant as a choke point for which closure has been threatened from time to time but never truly closed. The longstanding assumption of the continued openness of the strait collapsed on February 28, 2026.
In December of 2025, the U.S. Coast Guard announced the award of two contracts to build up to six Arctic Security Cutter (ASC) icebreakers. The announcement declaring the vessels would be built between the United States and Finland in a major step forward for America’s national security in the Arctic region. The decision process encompassed more than the security of the Arctic passage.
Tim Mooney is the third-generation family member at the helm of the iconic Fire Island Ferries. While the company’s primary focus has been moving people to and fro, from the Long Island, NY mainland to the Fire Island barrier communities and beaches, the business has evolved and grown since its start in 1948 via acquisition and organic growth.
Newbuilds expand AET’s dual-fuel fleet to all of its sectors: Aframaxes, Shuttle Tankers, Suezmaxes and Very Large Crude Carriers (VLCCs)AET signed shipbuilding agreements with Samsung Heavy Industries (SHI) for the construction of two LNG dual-fuel Suezmax tankers.The vessels will further expand AET’s growing dual-fuel fleet operating worldwide.
The Dutch-flagged cargo ship Minervagracht was ablaze and adrift in the Gulf of Aden on Tuesday, a day after being hit by an explosive device, its operator and the EU maritime mission Aspides said.Yemen's Houthi militants claimed responsibility on Wednesday for the attack, saying it was carried out by a cruise missile.
The United States has told countries to reject a United Nations' marine fuel emissions-cutting deal or face tariffs, visa restrictions and port levies, U.S. and European officials and sources told Reuters.The Trump administration is looking to boost U.S. economic might, including by taking a bigger role in global shipping
German marine propulsion manufacturer SCHOTTEL has been selected to supply rudder propellers for two liquefied natural gas (LNG) bunkering vessels being built for Shanghai International Port Group in China.The vessels, each with a loading capacity of 20,000 cubic meters, are under construction at Jiangnan Shipyard and are scheduled for delivery in April 2027.
Kongsberg Maritime has won a contract from Austal USA to supply propulsion systems for the next four vessels in the United States Coast Guard’s Offshore Patrol Cutter Heritage Class program.The contract covers delivery of Kongsberg Maritime’s Promas propulsion system, as well as steering gear, rudders, fin stabilisers and tunnel thrusters for the vessels.
EcoNavis Solutions has been selected by a US Federal Government agency to lead a project aimed at demonstrating how integrated hydrodynamic optimization can reduce fuel consumption and underwater radiated noise in offshore vessels and workboats operating in the Gulf of Mexico. The award, valued at $500,000, will support a full-scale retrofit and validation program on a designated workboat
On March 12, following a tender procedure, the Ministry of Defence of the Netherlands and Damen Shipyards Group signed a contract for the delivery of three Damen Stan Patrol (SPa) 5009 vessels for the Dutch Caribbean Coast Guard. The new vessels will replace three Damen SPa 4100 vessels that have been in operation for over 25 years.
Royal IHC and Floorganise B.V. have expanded their partnership to establish the conditions for digital supply chain collaboration within the Dutch shipbuilding ecosystem. This collaboration aligns with the Dutch Maritime Masterplan and contributes to accelerating the renewal of the national fleet.
Damen Marine Components (DMC) has secured contracts to supply rudders, steering gear and nozzles for 14 multi-purpose vessels (MPVs) under construction at two shipyards in India.The contracts cover eight 6,300 DWT MPVs being built by Udupi Cochin Shipyard for a Scandinavian customer, and six 7,500 DWT MPVs being built by Mazagon Dock Shipbuilders for Danish shipowner Navi Merchants.