Iran attacked a fully-loaded crude oil tanker at Dubai Port's anchorage on Monday, setting it ablaze and damaging its hull, Kuwait's state news agency reported, citing Kuwait Petroleum Corp, which warned of a possible oil spill.The apparent strike is just the latest in a string of assaults on merchant vessels by missiles or explosive air and sea drones in the Gulf and Strait of Hormuz since the U.
Frederick Joseph Harris of Mystic CT, passed peacefully at 5:47PM on 10/24/2025, with his family by his side. “Fred” was born on 11/25/1944 at Framingham Union Hospital to Frederick Everett and MaryRosa Camilla Harris.Fred was a proud patriot who loved his country. Fred received his bachelor’s degree in Marine Engineering from Maine Maritime Academy (with Honors) in 1967.
The United States will be able to use planned defence facilities in Western Australia that are to help deliver nuclear-powered submarines under the trilateral AUKUS nuclear submarine deal, Australian Defence Minister Richard Marles said on Sunday.Australia will spend A$12 billion ($8 billion) to upgrade facilities at the Henderson shipyard near Perth
The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter Sand, Xeneta Chief Analyst.Data highlightsMarket average spot rates – 17 September 2026:Far East to US West Coast: USD 7,960 per FEU (40ft container)Far East to US East Coast: USD 11
Vessev, a technology company designing and building electric passenger vessels, announced the launch of a new hydrofoiling network in Hobart, Australia, marking a step in using waterways as an efficient, scalable, zero-emissions layer of urban transport.Fly Derwent, a new clean energy transport venture, will launch the network on the Derwent River
New Zealand marine technology company Vessev has announced its expansion into the Australian market, with the Enautic Group set to introduce Vessev's electric hydrofoiling passenger vessels to Western Australia. There are currently only three commercially-certified electric hydrofoiling vessels in operation anywhere in the world, two of which are Vessev VS-9s
About 2 million barrels of Venezuelan heavy crude are being sent to refineries owned by oil producer Repsol in Spain, following purchases the company negotiated with trading house Trafigura, according to shipping schedules seen by Reuters.Trafigura and Vitol were granted U.S. licenses last month to export millions of barrels of Venezuelan oil to the U.S. and other destinations, following the U.S.
According to Veson Nautical’s 2025 End-of-Year Market Report, a report which breaks down prevailing trends in all major oceangoing shipping sectors globally, these are the prevailing trends shipowners should watch in 2026.1. Routing Normalization vs. Geopolitical RealityMuch of 2025’s earnings strength—especially in containers
Norwegian offshore vessel owner Solstad Maritime has sold its Normand Clipper construction support vessel (CSV) to Global Maritime Group.Global Maritime Group, the current charterer of the vessel, declared the purchase option for the Normand Clipper, with the deliver of set to take lace at the end of the firm contract period on June 1, 2026.
Heidelberg Materials Northern Europe has taken a decisive step toward low-emission coastal logistics with the development of a next-generation methanol-powered cement carrier, an 80% emissions-cutting vessel that could redefine short-sea bulk operations in Scandinavia. Planned to enter service in early 2028
Okeanis Eco Tankers Corp. said that following strong demand it has successfully priced an offering of 3,239,436 new shares of the Company’s common stock, par value USD 0.001 per share, at a price of $35.50 per Offer Share, raising gross proceeds of $114,999,978.The net proceeds from the Offering are expected to be used as partial consideration for the acquisition of two newbuilding Suezmax
Vessev announced the VS–Drive, a podded propulsion system that stands to redefine electric marine performance. As the latest innovation from Vessev, which designs and builds commercial-grade electric hydrofoiling vessels, the VS–Drive is a submersible motor that combines advanced active cooling with custom direct-drive brushless motors in a modular design.