Tanker With Oil From Sanctioned Russian Producer Idles Off India
An oil tanker carrying crude from a Russian producer that was recently sanctioned by the US has been floating off West Coast of India for two days, raising a question about whether authorities in the south Asian country will allow the vessel to deliver its cargo.
NTSB: Improper Anchor Chain Scope Led to $1.5M Vessel Loss in Caribbean
The National Transportation Safety Board (NTSB) has determined that inadequate anchor chain scope and navigational errors led to the grounding and total loss of the cargo vessel Bonnie G in St. Thomas,…
GAO Report: Coast Guard Faces Critical Cybersecurity Gaps in $5.4 Trillion Maritime Transportation System
The U.S. Maritime Transportation System (MTS), handling over $5.4 trillion in annual goods and services, faces significant cybersecurity vulnerabilities amid increasing threats from foreign actors and criminal organizations. A new…
Drewry Survey: Red Sea Chaos Expected to Ease in 2025, But Trump Tariffs Loom Large
A new industry survey by maritime consultancy Drewry reveals that most container shipping stakeholders expect Suez Canal transits to resume before the end of 2025, while bracing for escalating U.S….
South Korean Shipping Giant HMM Posts 500% Operating Profit Surge Amid Market Upheaval
South Korean shipping giant HMM delivered strong financial results in 2024, with revenue reaching KRW 11,700 billion (USD $8 billion) and operating profit hitting KRW 3,513 billion (USD $2.3 billion)…
Fifth Circuit Sinks Great Lakes Dredge & Dock’s Jones Act Challenge
The U.S. Fifth Circuit Court of Appeals has upheld a ruling against Great Lakes Dredge & Dock Company (GLDD) in its challenge to a U.S. Customs and Border Protection (CBP)…
Suspected Pirate Attack off Somalia Highlights Ongoing Maritime Security Concerns
A Yemeni-flagged dhow has reportedly fallen victim to a suspected pirate attack off Eyl on Somalia’s northern Puntland coast, according to the European Union Naval Force (EUNAVFOR) Operation ATALANTA. The…
Yara and NYK Sign Historic Contract for World’s First Ammonia-Fueled Gas Carrier
Yara Clean Ammonia Switzerland SA has signed the world’s first time-charter contract with NYK for an ammonia-fueled medium gas carrier (AFMGC). The 40,000m³ carrier, scheduled scheduled for delivery in November…
Maersk: New U.S. Tariffs and Red Sea Crisis Shaping Global Maritime Trade in Early 2025
Major geopolitical events and policy changes are significantly impacting global maritime trade in early 2025, with new U.S. tariffs and ongoing Red Sea security concerns creating ripple effects across shipping…
Norway Shifts Focus to Floating Offshore Wind
Norway will not offer acreage suitable for bottom-fixed offshore wind farm development when it next announces new tenders, and will instead focus on floating wind options, it said on Monday.
