Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.The 60 billion crowns ($9.4 billion) rights issue is worth around half of the Danish company's market value as of Friday's close.
IMO Secretary-General Arsenio Dominguez has called for intensified diplomatic efforts following a renewed wave of attacks on merchant ships in the Red Sea.IMO Secretary-General Arsenio Dominguez has called for intensified diplomatic efforts following a renewed wave of attacks on merchant ships in the Red Sea.
Four people died, 30 were missing and 31 survived after a ferry carrying 65 people sank near the Indonesian island of Bali, the country's Search and Rescue agency said on Thursday, as rescuers raced to find victims in the rough sea.The KMP Tunu Pratama Jaya sank almost half an hour after leaving East Java province's Banyuwangi port on its way to Bali late on Wednesday, the agency said on Thursday.
As a result of a major White House office wake-up call or Executive Order 14269 determining it is time to start building ships again, Washington DC announced America’s maritime industry has been “dangerously declining” and with that decline we have allowed China to become the dominant force in global shipbuilding.
With your first steps as a cadet onto the Maritime Academy campus, your first union dues payment or first line thrown ashore from the tug, you are lectured on the importance of the “Jones Act”. A constant reminder throughout a US Seafarer’s career of commitment, loyalty and support for the legislation.
A tanker carrying jet fuel for the U.S. military was hit by a container ship off northeast England on Monday, with the collision igniting a blaze on both vessels, causing multiple explosions and forcing both crews to abandon ship.The tanker, which can carry tens of thousands of tons of jet fuel, was at anchor when the smaller container ship struck it
Operating one of the world’s largest marine fleets of any kind, it is Svitzer’s local footprint that speaks volumes for its diverse and far-flung workforce and assets. Strengthened by a multi-national team, providing value in more than three dozen countries, Svitzer stands out every day.
The offshore wind sector is bracing for transformative changes as it navigates shifting political landscapes and evolving market demands. To shed light on the current state of the industry, Maritime Reporter TV interviewed Phil Lewis, Director of Research at Intelatus, an international offshore energy markets expert
Abu Dhabi's Al Seer Marine, a subsidiary of International Holding Company (IHC), has taken delivery of two new Medium Range (MR) tankers, M.T. Saiph and her sister ship from K Shipbuilding Korea.Each vessel is equipped with an Exhaust Gas Cleaning System (EGCS) and engineered to accommodate alternative fuels such as Liquefied Natural Gas (LNG), ammonia, and methanol.
GTCR, a private equity firm, announced that it has entered into a partnership with maritime industry leader Manish Singh to form Maris Investments, LLC (Maris). Maris will seek to acquire companies in the maritime technology sector to build a market-leading platform addressing critical workflows and enabling digital transformation in the industry.
Manson Construction Co. (Manson) announced that James (Jim) McNally, previously Manson’s Executive Vice President and Chief Operating Officer (COO), has assumed the role of President and CEO as of March 3, 2025.“The Board of Directors unanimously approves of Mr. McNally taking the reins of Manson due to his excellent performance as COO and his long-time industry experience
Bisso Towboat Co., Inc. officially christened the M/V Mr. Brian on December 5, 2024, on the Mississippi River while docked at Woldenburg Riverfront Park at the Audubon Aquarium of the Americas.The Mr. Brian is a 100’ x 38’ x 13.5’ ASD Tractor Tugboat and was officially christened with a bottle breaking at 5:00 pm followed by a reception at the Audubon Aquarium - River Terrace Room.The Mr.