Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.The agreement, signed during the official visit of Sultan Haitham bin Tarik to France
The U.S. Coast Guard commissioned its newest Fast Response Cutter, USCGC Vincent Danz (WPC 1162), for official entry into its service fleet during a ceremony held in New York City on Friday.The Vice Commandant of the Coast Guard, Vice Adm. Thomas Allan, presided over the ceremony. Members of the Danz family were also in attendance, including the cutter's sponsor, Angela Donohue
With a growing focus on mitigating climate change and progressing toward the International Maritime Organization’s (IMO) 2050 net-zero target, the marine sector is under intense pressure to decarbonize. Today, maritime transport emits nearly one billion tons of CO2 annually, representing roughly 2-3% of all energy-related carbon emissions worldwide .
At Washington State Ferries, 2026 has started with a thud, one ferry each of the first three days of the year were pulled from service for mechanical problems. Here's a rundown.Walla Walla was removed from our Seattle/Bremerton route midday Thursday, Jan. 1. A propeller blade broke off. The cause is still unknown.
Island Oil has acquired two oil tankers, Island Polaris and Island Horizon, expanding its owned fleet and marine logistics capacity.The acquisitions form part of the company's long-term investment strategy to strengthen logistics capabilities and support demand for marine fuel transportation across the Mediterranean and Black Sea.
Germany’s Lloyd Werft Bremerhaven has been selected as the shipyard partner for Beyond Horizons, a 155-meter superyacht that aims to introduce a new private members’ club concept to the luxury maritime market.The announcement marks a key milestone for the Maybach Ocean Club project, moving the vessel from concept into the construction phase.
A new European partnership is set to help shipping companies navigate one of the industry's biggest climate challenges: how to decarbonize the existing fleet quickly, safely, and cost-effectively.The new FIT-HORIZONS project is bringing together 19 leading maritime companies, researchers, universities, software developers
A consortium led by Stillstrom by Maersk has secured $5.8 million (€5 million) in funding from the European Union’s Horizon Europe program to develop and test offshore charging infrastructure for vessels at anchor in Denmark.The three-year SPARK project will deploy a pilot Offshore Power Zone in Skagen, one of Northern Europe’s busiest anchorage hubs
British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late on Friday.The $5 billion investment would unlock 10 billion barrels of resources that BP has discovered in the Paleogene fields of the U.S. Gulf, the spokesperson said.The U.S.
The International Propeller Club announced its newly elected officers for 2025–2027. Members elected Costis J. Frangoulis, President of the Propeller Club of Piraeus, Greece, as International President at the Club’s 98th Annual International Convention in Lyon, France—a milestone that also marks the first non-American to hold the presidency in the organization’s 98-year history.
Sea trials on the Washington State Ferries (WSF) ferry Wenatchee (2,500 passengers, 200 vehicles) got off to a bad start last week, as WSF reports "investigation by our technicians and engine crew discovered last week the control system communication wires were creating intermittent instability which caused the drive motors to go offline.
The Pasha Group, together with The Northwest Seaport Alliance (NWSA), announced Pasha Logistics LLC’s acquisition of certain assets of MacMillan-Piper LLC and Tacoma Transload LLC. The expansion follows the successful completion of an asset purchase agreement with the court-appointed Receiver for GSC Enterprises, Inc.