Bulker S&P Activity Falls Sharply in Q1 2025
Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with a decrease of c.58% and just 77 reported this year to date, compared to 182 for the same period last year. Since the US proposed fees to Chinese-built vessels entering US ports in February, sale and purchase levels for Chinese-built Bulkers has fallen by c.58% with just 62 transactions reported since February…
M/V Big Valley 325: Ergon Expands Fleet with New Crew Boat
Ergon Marine & Industrial Supply Inc. (EMIS) has taken delivery of a new crew boat, M/V Big Valley 325, bringing the company’s total number of crew boats to three and increasing its capacity to serve marine operators navigating the Mississippi River. The 47- x 12.5-ft. vessel, powered by twin 300 HP outboard engines, enhances our speed and efficiency in transporting crew members to vessels and delivering fuel and supplies to customers.
Two Injured as Glomar’s OSV Hits Offshore Wind Turbine in North Sea
Glomar Offshore’s offshore supply vessel (OSV) Glomar Venture has reportedly hit the foundation of an offshore wind turbine in the Dutch North Sea, leaving two crew members injured in the accident.The Royal Dutch Sea Rescue Society (KNRM) received a distress call for medical evacuation from Glomar Offshore around 7.00 am local time on April 20, which reported that two of the crewmen aboard Glomar Venture OSV have been injured.KNRM deployed its lifeboat Irene & Henk for the assistance…
Near Miss Reporting – Training Mariners to Speak Up
Whether it’s an unsafe working condition, an equipment failure, or a concern about a colleague’s competency, mariners must feel empowered to voice concerns without fear of retribution. For all the training you invest in, nothing is more important than a mariner using their intuition and instincts, refined over a lifetime at sea, to recognize and act on potential dangers.One way the industry has encouraged this is through Near Miss Reporting…
NAG Marine inks $28.5m Navy Contract for HMI's
NAG Marine, LLC, a provider of shipboard automation and ruggedized computer systems for maritime applications, has been awarded a $28,591,735 firm-fixed-price, indefinite-delivery/indefinite-quantity (IDIQ) contract by the U.S. Navy for the design, production, and delivery of advanced human-machine interfaces (HMIs). These interfaces will support propulsion auxiliary control, damage control, ballast control, and various other machinery systems across multiple U.S.
Techano Oceanlift to Supply Offshore Crane for MPSV Newbuild
Nekkar’s subsidiary Techano Oceanlift has been awarded a contract by Hercules Supply to deliver an offshore crane for its multi-purpose support vessel (MPSV) newbuild, currently under construction at Fujian Mawei Shipyard.Techano Oceanlift will supply a 70-tonnes capacity crane capable of performing subsea construction work and topside lifting operations. The company’s scope of work includes engineering…
Huisman to Equip Capital Offshore’s PSVs with Four Cranes
Crane specialist Huisman has signed a contract with Greek shipowner Capital Offshore for the delivery of four Knuckle Boom Cranes, which will be fitted on new platform supply vessels (PSVs).The cranes will be installed on the new MMC-designed PSVs currently under construction at the Fujian Mawei shipyard, and destined for operations in the Brazilian market.Boasting a lifting capacity of 100 mt each…
US Waters Down China Ship Fee Plans, COSCO Remains Indignant
On April 17, the Trump administration shielded domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and U.S. territories from port fees to be levied on China-built vessels.The Federal Register notice posted by the U.S. Trade Representative (USTR) was watered down from a February proposal for fees on China-built ship of up to $1.5 million per port call.Ocean shipping transports about 80% of global trade - from food and furniture to cement and coal.
Tech, Digitalization Reshape Traditional Maritime Jobs
The maritime industry is a cornerstone of the global economy, facilitating over 90% of world trade and generating billions in economic activity. In the United States, waterfront employment represents a critical sector, supporting nearly 21.8 million jobs and contributing approximately $2.89 trillion to the national GDP. Despite its enormous impact, the industry faces unprecedented challenges that demand…
Hanwha Moves to Build LNG Carriers in U.S., Bloomberg reports
As tariffs and trade wars continue to unsettle markets globally, some astute companies are moving to fill the void. One is South Korean shipbuilder Hanwha Ocean, which according to a report by Bloomberg is moving to build the LNG tankers in the United States, responding to new policy recommendations from the U.S. Trade Representative (USTR) aimed at curbing China’s dominance in global shipbuilding.The USTR proposal, unveiled Thursday, includes tariffs on Chinese-built vessels calling at U.S.
Shell to Complete Marine Survey at Venezuela Gas Field Ahead of License Cancellation
Shell plans to complete a marine survey at Venezuela's offshore Dragon gas field before a U.S.-set May deadline to wind down all licenses related to energy projects in the country, sources close to the preparations said.Colombia-flagged survey vessel Dona Jose II arrived in U.S.-sanctioned Venezuela this month to gather data for Shell and Trinidad's National Gas Company, according to LSEG vessel monitoring data.The exploration work…
LPG Market Faces Shifts Amidst Trade War
The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia.The shakeup is expected to depress the shale gas byproducts' prices and demand, hurt the bottom lines of U.S. shale producers and Chinese petrochemical companies…
Philippines, US: Annual Joint Combat Drills Begin in "Full Battle Test"
More than 14,000 Filipino and American soldiers kicked off annual military exercises on Monday for a "full battle test" between the two defense treaty allies in the face of regional security concerns, including tensions in the South China Sea.The annual "Balikatan" (shoulder-to-shoulder) exercises will run for three weeks until May 9, showcasing an array of U.S. weapons that include the NMESIS anti…
NUWC Division Newport: $2 Billion Impact on Economy in 2024
The total funded program of the Naval Undersea Warfare Center (NUWC) Division Newport reached $2 billion in 2024, according to the recently released economic impact report.Of its total operating budget, $776 million was spent by Division Newport in civilian payroll and labor, materials, operational expenditures, property maintenance and repair, and military payroll, while $1.2 billion funded contracts.One of two divisions of the Naval Undersea Warfare Center…
MarLEN Project Launches for Zero-Emission Waterborne Transport
The maritime and inland waterway sector is at a turning point in the transition towards zero-emission waterborne transport. To accelerate this transformation, the MarLEN (Maritime Low Emission Network) project has been officially launched under the HorizonEurope program. Coordinated by Forschungszentrum Jülich, this 54-month Horizon Coordination andSupport Action (CSA) brings together 14 ministries…
Chevron Shipping, Austin High School Team to Inspire New Generation
Students departed this morning to board the Carnival Breeze in Galveston for a five-day learning experience as part of Austin High School’s Maritime Studies Program.From April 17-21, while onboard and underway, senior students will have six hours of classroom time each day that will include engagement with the Captain, Chief Engineer and crew, as well as behind the scenes tours of vessel operations to include the bridge, engine room, galley, steering gear and mooring and anchoring equipment.
Imabari Maritime Fair “Bari-Ship 2025”
Imabari Maritime Fair, "Bari-Ship 2025" is schedule to be held from May 22- 24, 2025 at Texport Imabari (Imabari, Japan)."Bari-Ship" is the largest international maritime exhibition in Western Japan, held every two years in Imabari, Japan’s leading maritime city. The event serves as a venue for maritime industry professionals from not only Japan but around the world to gather, engage in business matching…
Strategic Marine Delivers Another Fast Crew Boat to Truth Marine Services
Singaporean aluminum boat builder Strategic Marine has delivered another fast crew boat (FCB) to Truth Maritime Services (TMS) in Thailand.Following the successful handover of the first two Gen 4 FCBs, TMS RANOD and TMS RAMAN, in 2024, these vessels have been operating efficiently and meeting the needs of TMS’s clients.The addition of two more 42-meters vessels underscores the company’s commitment…
NYK, Partners Name First of 12 New LNG Tankers for QatarEnergy
A joint venture, comprising NYK, Kawasaki Kisen Kaisha, MISC Berhad, and China LNG Shipping (Holdings), has held a naming ceremony for a new liquefied natural gas (LNG) carrier for QatarEnergy, the first of 12 being built for the state-owned energy company of Qatar.The ceremony was held at Hudong-Zhonghua Shipbuilding (Group) in China, and the vessel was named Al Tuwar, after the name of a hill in Al Wakrah…
NYK Conducts Joint Counterterrorism Drill with Hong Kong Police
On April 17, NYK and the Hong Kong Police Force jointly conducted a counterterrorism drill aboard NYK's NYK Daniella, a 210-m, 2,664-TEU containershipThe drill lasted about an hour in Hong Kong's territorial waters. Based on the scenario of terrorists entering the vessel by boat, Hong Kong special forces searched and suppressed the terrorists, while all parties, including the crew and the ship-management company, worked together to verify response procedures.
