Overseas Shipholding Group, OSG Ship Management (OSG) and their affiliate Alaska Tanker Company (ATC) are appealing recent separate decisions of the National Labor Relations Board (NLRB) relating to charges filed by the International Organization of Masters, Mates and Pilots, AFL-CIO (MM&P).
The National Labor Relations Board (NLRB) has ordered both Alaska Tanker Company (ATC) and Overseas Shipholding Group (OSG), Saltchuk Resources subsidiaries, to immediately recognize the International Organization of Masters, Mates & Pilots (MM&P) and bargain in good faith with more than 125 Licensed Deck Officers.
Kongsberg Maritime has expanded its Rim-Drive Tunnel Thruster range with two larger models designed for vessels requiring higher thrust and enhanced dynamic positioning (DP) capability.The new RD-TT 2300 and RD-TT 2600 models have propeller diameters of 2,300 mm and 2,600 mm and are rated at 2,100 kW and 2,700 kW, respectively.
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
Chris-Marine announced the launch of the PSL Portable Surface Lathe, a high-precision solution designed for sealing surface machining both in-situ and in workshops ashore.Developed for small and medium bore diesel and gas engines, the PSL offers fast set-up, easy mounting and precise alignment, all operated by a single technician.
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
Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday.The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. Chevron would join Carlyle and other firms in the race for the Lukoil portfolio worth at least $20 billion.
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.