The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.With construction now frozen at 80% completion, Orsted has no immediate path to revenue generation, heightening pressure on the company as it seeks to shore up finances through a $9.
Maritime agencies Diaplous and Ambrey said on Sunday they had ended their search for the remaining crew of the Eternity C cargo ship that was attacked by Yemen's Houthi militants last week.The decision was made at the request of the vessel's owner, both agencies said.The Liberia-flagged, Greek-operated Eternity C sank on Wednesday morning following attacks over two consecutive days
Flex LNG Ltd. has secured new long-term charter extensions for two LNG carriers while confirming the start of a major multi-year contract for another vessel, further strengthening its forward revenue visibility.The company said a supermajor charterer has exercised a second extension option for the Flex Resolute and Flex Courageous
Flex LNG Ltd. reported steady third-quarter results for 2025, with a continued focus on maintaining its modern fleet of 13 large LNG carriers at peak operational and financial efficiency.Vessel operating revenues held firm at $85.7 million, with an average Time Charter Equivalent (TCE) rate of $70,921 per day across the fleet. The company reported net income of $16.
Interest in hybrid government and patrol boats is growing as boat builders demonstrate their many benefits.Launched last year at Seawork, Sweden-based Marell Boats says its M17 Patrol was the star of the show with its hybrid powertrain from Scania and propulsion system by Marine Jet Power.
Shipbuilding in the United States has seen a heightened profile with increased attention from Congress and the Trump 2.0 Administration. The ongoing dialogue regarding reinvigorating the U.S. deep sea fleet has brought mainstream attention to vessel construction, which has been nearly absent in recent years.
The United States is seeking a regime change in his country with a naval deployment in the Caribbean, Venezuelan President Nicolas Maduro said on Monday in a rare press conference.Tensions between the United States and Venezuela have risen in recent weeks amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S.
The car carrier Morning Midas sank on June 23 following the fire that broke out on board on June 3.The fire was no longer active, but the vessel sank while awaiting the arrival of a tug with long-distance towing capability.“Damage caused by the fire, compounded by heavy weather and subsequent water ingress, caused the Morning Midas to sink at around 16.
The King County Sheriff’s Office Marine Division in Washington has selected Moose Boats to build a new, custom diesel electric hybrid patrol boat.The model M1 will be 46’ long and powered by two Volvo Penta D11-625HP Diesel engines integrated with in-line twin Dan Foss electric motors.