A container ship will depart from South Korea bound for Europe via the Arctic on Saturday, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian cooperation.If successful, the trip would be South Korea's first such commercial voyage to Europe via the Arctic
The U.S. military said on Monday it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran sought to thwart a new U.S. naval effort to open shipping through the Strait of Hormuz.U.S. President Donald Trump launched the operation, called Project Freedom, on Monday as he sought to wrest control of the critical waterway from Iran
The South Korean-owned Philly Shipyard in the United States does not currently have the capability to build a nuclear-powered submarine, Prime Minister Kim Min-seok said on Thursday during a parliamentary hearing.His remarks come after U.S. President Donald Trump wrote on social media last week that he had given approval for South Korea to build a nuclear-powered submarine and that it would be
American Roll-On/Roll-Off Carrier Group Inc. (ARC Group) has added ARC Freedom to its U.S.-flagged fleet.ARC Freedom (IMO 9505041) is a Large Car and Truck Carrier (LCTC) designed to transport automobiles, trucks, heavy equipment and other rolling and project cargo. The vessel will operate as part of the Maritime Security Program (MSP), providing commercially active U.S.
Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said.The increasing amount of Saudi exports this month requires more supertankers to shuttle crude through Hormuz to conduct cargo transfers, they said.
Effective 1 August 2026, Eric Alström is appointed Group President & CEO of Hempel A/S. He succeeds Michael Hansen, who resigned and left Hempel in June 2026, and joins the company following a period of interim leadership by Peter la Cour Gormsen, Executive Vice President & Chief Financial Officer and Emilie Barriau, Executive Vice President & Chief Technology Officer.
At the UAE port of Fujairah, conveyor belts offloaded grain from bulk carriers on Wednesday, while crude oil flowed through pipes and onto tankers berthed along its quay.Dozens of loaded trucks lined up near the port and others parked outside waiting their turn, while offshore, vessels labelled Cosco, Gardenia and other shipping lines lay at anchor, service boats weaving between them.
Global stocks wavered on Tuesday, while oil prices were perched above $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.Markets have been rattled since the U.S.-Israel war on Iran broke out at the end of February, with Tehran effectively closing the Strait of Hormuz
Iron ore shipments on the Great Lakes totaled 2 million tons in January, a near match to 2025. Loadings were below the month’s 5-year average by 14.5 percent.Since 1880, Lake Carriers’ has represented the U.S.-flag Great Lakes fleet, which today can move more than 90 million tons of cargos annually that are the foundation of American industry, infrastructure, and power: iron ore, stone, coal
HII announced that Fatina Brave has been appointed vice president of infrastructure and sustainability at its Ingalls Shipbuilding division. Brave succeeds Eric Crooker, who has transitioned into the role of vice president of program management at Ingalls, succeeding George Nungesser who is retiring at the beginning of February after 37 years of service to the company.
Officer Lee Tae Young, a first mate from the Republic of Korea, has been awarded the IMO Award for Exceptional Bravery at Sea, in recognition of his heroic actions that saved 12 fellow crew members from the Geum Seong No. 135 when it sunk in November 2024. He was honored during a special ceremony recognizing seafarers held in London on November 24, 2025
From inland towboats and tank barges, to oceangoing tankers and government fleets, Bergan Marine is literally everywhere you look on the waterfront. Kyle Durden, President & CEO, Bergan Marine Systems, discusses the rich history of this company; born in 1975 in Norway but operating from Florida since 1980, Bergan Marine Systems offers a full family of product and services that are connected