When Saudi Aramco told its oil buyers in a letter this week that it had no clear idea which port it would use for April exports, it laid bare a new reality: Iran, not the United States, holds the key to reopening the global energy market.The letter, sent to Saudi oil buyers around the world, said they might receive oil from the Red Sea, but they might still get it from the Gulf.
Wind propulsion specialist bound4blue has completed the first installation under its agreement with Maersk Tankers, fitting four 24-meter eSAIL suction sails on the medium-range tanker Maersk Trieste as part of a wider fleet retrofit program.The installation marks the first phase of a contract agreed in December 2024 covering 20 eSAIL units across five Maersk Tankers MR vessels
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.
The Council of the International Association of Classification Societies (IACS) has announced the election of Alex Gregg-Smith to the position of IACS Chair. Mr. Gregg-Smith will assume the role on July 1, and his term of office will run until December 31, 2027.Mr. Gregg-Smith has over twenty years’ experience with Bureau Veritas
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance and repair industry, announced its new Board of Directors leadership David Carver, President of General Dynamics NASSCO, is ascending from his position as Vice Chairman to Chairman of the Board, assuming the role from Brad Moyer
Officer Lee Tae Young, a first mate from the Republic of Korea, has been awarded the IMO Award for Exceptional Bravery at Sea, in recognition of his heroic actions that saved 12 fellow crew members from the Geum Seong No. 135 when it sunk in November 2024. He was honored during a special ceremony recognizing seafarers held in London on November 24, 2025
The United Seamen’s Service (USS) announced that the 56th annual Admiral of the Ocean Sea (AOTOS) Awards will honor three champions of American maritime: Captain Willie Barrere, National President of American Maritime Officers; Edward F. Hanley, Chief Operating Officer of Maersk Line, Limited and Vincent J. Marino, Chief Executive Officer of CMC-ITI-CCS.
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.