ABS awarded approval in principle (AiP) to Overseas Shipholding Group, Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.The development of the barge design is a core component of the Tampa Regional Intermodal Carbon Hub (T-RICH) project to receive
Flex LNG Ltd. has secured new long-term charter extensions for two LNG carriers while confirming the start of a major multi-year contract for another vessel, further strengthening its forward revenue visibility.The company said a supermajor charterer has exercised a second extension option for the Flex Resolute and Flex Courageous
DP World chairman and CEO Sultan Ahmed Bin Sulayem has resigned with mounting pressure over his alleged ties to Jeffrey Epstein.Bin Sulayem, one of the Middle East's most prominent business figures, is among the highest-profile executives to face scrutiny and be removed from senior roles following the recent release of the Epstein files.
Flex LNG Ltd. reported steady third-quarter results for 2025, with a continued focus on maintaining its modern fleet of 13 large LNG carriers at peak operational and financial efficiency.Vessel operating revenues held firm at $85.7 million, with an average Time Charter Equivalent (TCE) rate of $70,921 per day across the fleet. The company reported net income of $16.
With everything going on around the maritime industry these days — from a Presidential Executive Order to Make U.S. Maritime Great Again, to bipartisan legislation in Congress to boost our shipyards and merchant marine, to the import tariff rollercoaster ride we’re all on — it’s easy to forget some other important U.S. maritime policy initiatives whose benefits are just over the horizon.
Interest in hybrid government and patrol boats is growing as boat builders demonstrate their many benefits.Launched last year at Seawork, Sweden-based Marell Boats says its M17 Patrol was the star of the show with its hybrid powertrain from Scania and propulsion system by Marine Jet Power.
Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said.While U.S. Commerce Secretary Howard Lutnick has become a familiar face touting President Donald Trump's tariff and trade deals
Shipbuilding in the United States has seen a heightened profile with increased attention from Congress and the Trump 2.0 Administration. The ongoing dialogue regarding reinvigorating the U.S. deep sea fleet has brought mainstream attention to vessel construction, which has been nearly absent in recent years.
On March 5, 2025, the United States Senate passed an important bill to authorize funding for our United States Coast Guard, after failing to do so in the previous Congress. S. 524, the Coast Guard Authorization Act of 2025, would if enacted into law authorize appropriations to fund the Coast Guard totaling $30.45 billion for fiscal years 2025 and 2026.
Aptamus Carbon Solutions (Aptamus), a subsidiary of Overseas Shipholding Group, and Entr, the consultancy arm of Aker Solutions, have entered into an agreement for the front-end engineering and design (FEED) of CO2 terminals in Florida and Louisiana.Entr will be in charge of FEED for a temporary storage and liquefaction processing terminal at Port Tampa Bay in Tampa, Florida
The car carrier Morning Midas sank on June 23 following the fire that broke out on board on June 3.The fire was no longer active, but the vessel sank while awaiting the arrival of a tug with long-distance towing capability.“Damage caused by the fire, compounded by heavy weather and subsequent water ingress, caused the Morning Midas to sink at around 16.
The King County Sheriff’s Office Marine Division in Washington has selected Moose Boats to build a new, custom diesel electric hybrid patrol boat.The model M1 will be 46’ long and powered by two Volvo Penta D11-625HP Diesel engines integrated with in-line twin Dan Foss electric motors.