The headline grabbing global attention is simple enough: a shipowner reportedly paid more than $5 million for a single Panama Canal transit slot. But that may only mark the start of an historic surge in shipping costs.The vessel was a liquefied petroleum gas (LPG) carrier operated for South Korea's SK Gas.
Stephen M. Carmel & MarAd are aiming to make this U.S. Maritime Rebuild StickFor anyone who has spent a career in the U.S. maritime industry, the past two years have been unusual by any metric. Maritime has moved from the far margins of federal policy discussions to center stage, with rebuilding American shipbuilding
U.S. officials responding to economic uncertainty over high oil prices predicted on Sunday that the U.S.-Israeli war on Iran would end within weeks and that a drop in energy costs would follow, despite Iran's assertion that it remains "stable and strong" and ready to defend itself.U.S.
Tim Mooney is the third-generation family member at the helm of the iconic Fire Island Ferries. While the company’s primary focus has been moving people to and fro, from the Long Island, NY mainland to the Fire Island barrier communities and beaches, the business has evolved and grown since its start in 1948 via acquisition and organic growth.
Seatrium delivered FREDERICK PAUP to Manson Construction Co. Built at Seatrium’s Brownsville Texas yard, the Jones Act-compliant vessel is the largest self-propelled hopper dredger in US history.Key highlights:Largest in the U.S. – 420’ length x 81’ beam, with a 15,000+ cubic yard hopper capacityPowerful and Agile – Self-propelled with 25,000 horsepower, triple azimuthing stern drives
In a shipbuilding industry defined by tradition, one new entrant is seeking to rewrite the rules of how naval vessels are designed, built and delivered. Saronic Technologies, founded just three years ago, is racing to create what CEO Dino Mavrookas calls “a next-generation shipbuilding ecosystem” — one capable of delivering unmanned surface vessels (USVs) at the speed and scale the U.S.
The United Arab Emirates said efforts were under way on Friday to contain oil leaking from a tanker vessel offshore that prompted authorities to close beaches and warn fishermen to avoid the area.Since the start of the US-Israeli war with Iran, attacks on commercial vessels in Gulf shipping lanes have driven up security risks for maritime traffic and heightened fears over the conflict's
Crowley has accepted delivery of Venture, a new chartered tug that will provide ship assist and escort operations in the ports of Los Angeles and Long Beach. The addition of the vessel expands Crowley’s capability to serve customers calling on the Southern California gateway, where harbor tugs play a critical role in the safe movement of vessels transporting cargo through the ports.
Virginia Beach Economic Development (VBED) announced that Orca AI Defense, the U.S. subsidiary of global maritime technology company Orca AI, has established its first U.S. office as a new tenant of the Virginia Beach International Incubator.Headquartered in London, Orca AI has developed AI-powered maritime navigation technology that enhances situational awareness, improves vessel navigation
British maritime technology company SubSea Craft has announced plans to expand its operations to Virginia Beach. The company’s expansion into Virginia Beach represents a step in growing its U.S. footprint, while strengthening collaboration opportunities within one of the world’s most concentrated maritime and defense ecosystems.
Dutch grid operator TenneT is preparing to begin horizontal directional drilling at Maasvlakte as part of efforts to connect three offshore wind farms to the onshore grid.Steel casing pipes have been installed at three beach work sites, allowing drilling beneath the beach and seabed to begin, weather permitting.
The EU has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time it would target ports in third countries, a proposal document showed on Monday. The proposal, reviewed by Reuters, wouldadd Kulevi in Georgia and Karimun in Indonesia to the sanctions list