Panama Warns of Middle East Security and Sanctions Risks
The General Directorate of Merchant Marine (DGMM) of the Panama Maritime Authority (PMA) has issued a series of warnings to Panamanian-flagged vessels due to rising tensions in the Middle East, through Maritime Notice MMN-04/2025.The DGMM highlighted the security risks faced by vessels operating near Iran, Israel, the Persian Gulf, the Gulf of Oman, and the Strait of Hormuz, as a result of the ongoing regional conflict…
War Risk Insurance Costs Double As Middle East Tensions Worsen
U.S. and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday.War risk insurance premiums for shipments to the Middle East Gulf have jumped to 0.5% from around 0.2-0.3% a week ago, as risks grow to the critical Strait of Hormuz, the sources said.The cost of a seven-day voyage is…
Greece Vessels to Curb Migrant Flow Into Crete and Gavdos
Greece will deploy two frigates and one more vessel off Libya's territorial waters to deter migrants from arriving at its southern islands of Crete and Gavdos, Greek Prime Minister Kyriakos Mitsotakis said on Monday.Mitsotakis did not elaborate on the role of the vessels or explain what they would do, but said the move would be in coordination with Libyan authorities and the rest of the European forces…
Tankers Hesitate and Adjust Course at Strait of Hormuz
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around 20% of global oil and gas demand flows.That has spurred forecasts of oil surging to $100 a barrel.
Danfoss iC7 Series Powers New Electric Ferry
The newly launched electric ferry Nerthus has set sail, featuring Danfoss Drives’ latest iC7 series as a key part of its all-electric propulsion system.Danfoss provided essential components for the ferry’s electric drivetrain and parts of the shoreside charging infrastructure.Molslinjen, Denmark’s largest domestic ferry operator, invited key partners and guests to celebrate Denmark’s newest e-ferry on Friday June 20, 2025, when Nerthus officially was put into service.
NYK Acquires Kadmos Salary Payment Platform for Seafarers
On June 12, Nippon Yusen Kabushiki Kaisha (NYK) reached an agreement to acquire 100% of Kadmos Holding GmbH (Kadmos), a global end-to-end maritime salary payments platform provider headquartered in Germany.Founded in 2021 and based in Berlin and London, Kadmos provides salary payment solutions to shipowners, ship-management companies, and their global workforce of seafarers.In 2019, NYK established MarCoPay Inc. in Manila, Philippines, as a financial services platform.
Anti-Submarine Shallow-Water Craft Delivered to the Indian Navy
The 'INS Arnala,' classed by Indian Register of Shipping (IRS) and the first in a series of eight Anti-Submarine Warfare Shallow Water Crafts (ASW SWCs), has been delivered to the Indian Navy. The vessel was delivered by Garden Reach Shipbuilders and Engineers (GRSE) Ltd, marking a milestone in India's journey towards self-reliance in defense production.‘INS Arnala’ has been designed and constructed…
NYK Strengthens Fire Prevention With Car Carrier Inspection and Discussion
On June 20, NYK arranged an inspection of one of its car carriers for representatives from the Tokyo Fire Department, Yokohama City Fire Bureau, and local cargo-handling companies to examine the car carrier's structure and firefighting equipment, as well as discuss fire-response procedures. The event was attended by over 40 participants.In recent years, there has been a worldwide increase in fire accidents involving car carriers.
Shipowner George Economou Speaks At Webb Institute’s 2025 Commencement
Webb Institute, an undergraduate college specializing in naval architecture and marine engineering, celebrated its 2025 Commencement Ceremony on Saturday, June 21, welcoming George Economou, founder of DryShips Inc., the TMS Group, and the owner of Cardiff Marine, as the keynote speaker. The event, held on Webb’s waterfront campus, marked a powerful moment for the graduating class and reaffirmed Webb’s place at the forefront of the resurgent U.S.
VPS: Effect of FAME Contamination on Engine Oils
Engines running on Bio-blends containing Fatty Acid Methyl Esters (FAME), especially pure FAME (ex. 100% FAME) can experience decreased engine oil viscosity over time.Fuel oil contamination in engine lubricants is a known phenomenon, and most marine-grade engine oils are formulated to tolerate certain levels of such contamination while maintaining operational performance.Unlike conventional fuels, FAME does not evaporate easily…
Sefine Shipyard’s New Floating Dock Welcomes Its First Vessel
In a major milestone for Turkey’s maritime industry, Sefine Shipyard, represented by OKT Shipping Ltd., has welcomed the first vessel into its new floating dock.This addition brings Sefine's total number of large docks to three, strengthening its capacity to handle complex, large-scale repair and conversion projects:Dock No.1 – A 240m x 42m graving dock designed for Post-Panamax vessels up to 90,000 DWTDock No.2 – A 282m x 47m Aframax-type floating dock suitable for vessels up to 120…
HAV Design Managing Director Steps Into New Role
Stig Magne Espeseth, who has headed up Norway-based ship designer HAV Design for the past 20 years, will step down as managing director and move into the role of SVP Design. In his new role as SVP Design, Espeseth will apply his unique competence to further develop the company’s design department in order to develop new ship designs that will be offered to the market in line with a revised business development and sales/marketing strategy.
Accelleron Links Digital Emissions Reporting To ClassNK Portal
Accelleron has simplified emissions reporting for users of its digital solutions after collaborating with ClassNK to establish a direct connection between Tekomar XPERT marine’s emissions module and the ClassNK MRV portal.Under European and IMO regulations, emissions reports need to be verified by an accredited entity before being submitted to the relevant authority. Tekomar XPERT’s emission module…
Three Tankers Shift Course from Hormuz Strait
Three empty oil and chemical tankers have diverted away from the Strait of Hormuz and changed course, Marine Traffic ship tracking data showed on Monday, amid growing uncertainty over whether Iran will take reprisal action in the vital waterway after U.S. airstrikes on Tehran’s nuclear facilities.The Marie C and Red Ruby, which were in ballast rather than carrying cargo and previously sailing towards the Strait…
Iran’s Top Security Body to Weigh In on Strait of Hormuz Closure
Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz following U.S. bombing raids, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure.Iran has long used the threat of closing the Strait, through which around 20% of global oil and gas demand flows, as a way to ward off Western pressure which is now at its peak after the overnight U.S.
Tankers Transiting Strait of Hormuz Face Disruption as Tensions Rise
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around 20% of global oil and gas demand flows.That has spurred forecasts of oil surging to $100 a barrel.
Strategic Marine Delivers Fourth Fast Crew Boat to Thai Firm
Strategic Marine has delivered TMS Tah Muang fast crew boat to Truth Maritime Services (TMS), a subsidiary of the Prima Marine Group.The latest 42-metre Generation 4 Fast Crew Boat (FCB) marks the fourth high-performance vessel delivered by Strategic Marine to TMS since 2024, following the earlier handovers of TMS Ranod, TMS Raman, and most recently, TMS Chana.Purpose-built to meet the operational needs of offshore energy clients in Southeast Asia and the Middle East…
Landmark Week Ahead for Ship Recyclers
The tension surrounding the US attack on Iran saw the Baltic Exchange Dry Index (BDI) fall a massive 3.5% down to its lowest level seen over the last two weeks, erasing most recent gains as Friday closed, reports cash buyer GMS. Leading the race was the Capesize index that fell nearly 6.5% across the week while the Panamax index fell 0.2% during the same time.“The price of oil, which will also be a…
Missile Strikes Close to Livestock Carrier
Ethical Farming Ireland has joined 21 other NGOs calling on EU Commissioner for Health and Animal Welfare Olivér Várhelyi to suspend all shipments of livestock to Israel following the escalation in conflict with Iran.The call comes after a missile struck Haifa close to a livestock carrier from Portugal carrying 8,000 sheep and hundreds of young bulls.The organization recounts first-hand experience…
Hong Kong Convention Requires Shipowners to Take Action on Hazardous Materials Inventory
The Hong Kong Convention enters into force on June 26, 2025, and DNV reminds shipowners that all internationally trading vessels of 500 GT and above will need to have on board an International Certificate on Inventory of Hazardous Materials (ICIHM) at the latest by June 26, 2030.The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) requires the ICIHM…
