Panama Canal Celebrates 111 Years of Operation
On August 15, the Panama Canal marked 111 years of operations, renewing its commitment to a sustainable future through a water strategy focused on public well-being and an operational vision that enhances the country’s logistical competitiveness.Since the waterway’s inauguration in 1914, with the historic transit of the steamship Ancón, which, for the first time, connected the Pacific and Atlantic Oceans…
ABS and Saronic to Collaborate on Autonomous Ship Technology
ABS and US defense engineering company Saronic Technologies have signed a memorandum of understanding (MOU) to explore autonomous technologies for maritime applications.The agreement establishes a cooperative framework for both organizations to collaborate on projects related to improving technical requirements for autonomous surface vessels (ASV) and classification services for Saronic's autonomous capabilities.In July…
ASRY Conducts 2025 HSE Week
The Arab Shipbuilding and Repair Yard Company (ASRY) conducted its 2025 Health, Safety and Environment (HSE) Week August 11 to 13 under the theme “Elevating HSE Culture with Safe Summer.”.The three-day program drew wide participation from ASRY and subcontractors’ employees alongside representatives of relevant government bodies and industrial firms in Bahrain.The week opened with a formal ceremony attended by senior company officials and representatives of the Ministry of Labour…
Webb Institute Named One of the Nation’s Best Colleges
Webb Institute has once again been recognized as one of the nation’s best undergraduate institutions, according to The Princeton Review. The education services company features Webb in the 2026 edition of its highly selective annual guide, The Best 391 Colleges, released by Penguin Random House.Only 15% of America’s nearly 2,400 four-year colleges are included in The Princeton Review guidebook. Selection is based on surveys of 2…
Germany Criticises China’s “Aggressive Behaviour” in Taiwan Strait
Germany's foreign minister on Sunday criticised what he called the "aggressive behaviour" of China in the Taiwan Strait ahead of a trip to Japan and Indonesia, and stressed the need to strengthen internationally binding rules.Speaking to reporters, Foreign Minister Johann Wadephul praised Japan's solidarity with Europe over Ukraine as he prepared to board a plane, and highlighted the importance and…
Eastern Shipbuilding Gets Go-Ahead from WSF for Three Hybrid-Electric Ferries
Eastern Shipbuilding Group received the Notice to Proceed from Washington State Ferries (WSF) to build two with an option for an additional 160-vehicle hybrid-electric ferries for the State of Washington. This milestone follows the first competitive bid for ferry construction in more than 25 years for the nation’s largest ferry system.“This is an exciting milestone in bringing new hybrid-electric ferries to our fleet…
Exploring Ocean Canyons, SOI Strikes Again with Groundbreaking Research
First High-Tech Exploration of Argentina’s Mar del Plata Canyon, Schmidt Ocean Institute’s Remotely Operated Vehicle SuBastian shines light on an offshore canyon in Argentine waters nearly twice as deep as the Grand Canyon — capturing images and video of 40 suspected new species, coral fields, and a seastar that resembled a famous cartoon character.An Argentinian-led expedition on board Schmidt Ocean Institute’s R/V Falkor (too) has captured the attention of millions…
Argentina’s 30 MMtpa LNG Ambition by 2030 – Is It feasible?
The development Argentina’s vast Vaca Muerta share is transforming the nation into a rising energy exporter, with oil and pipeline gas already flowing abroad and an ambitious multi-phase ‘Argentina LNG’ initiative aiming to secure a permanent place in the global liquefied natural gas (LNG) market. While geological resources appear sufficient, the scale and pace of development, however, present challenges.‘Argentina…
Shipyard in Focus: Gladding-Hearn Shipbuilding
For Peter Duclos, shipbuilding has always been personal.As President and Director of Business Development at Gladding-Hearn Shipbuilding, Duclos Corporation, Duclos represents the third generation of his family to lead the Somerset, Massachusetts, shipyard. “I’ve been involved with our family’s 70-year-old company my whole life,” he said. “From dinner table conversations to summer jobs, and now as…
Asian Nations Battle for Shipbuilding Share
China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the container ship orderbook has shown a similar growth trajectory. The nation has ranked first in the world for new orders since 2012. Labor costs are about half of what they are in Korea and Japan, and China is the world’s cheapest steel manufacturer.Niels Rasmussen, Chief Shipping Analyst at BIMCO…
WFW Advises on Financing for ONE Newbuild Fleet
Watson Farley & Williams (WFW) advised a consortium of lenders on an ECA-backed JOLCO financing for Ocean Network Express Pte. Ltd. (ONE) to finance four newbuild container vessels. The consortium comprised BNP PARIBAS (acting through its Tokyo Branch and as ECA Coordinator), The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch and Citibank, N.A., Tokyo Branch (as mandated lead arrangers)…
The Gulf of America Can Lead in Carbon Storage, If Washington Acts
The United States has everything it needs to lead in offshore carbon capture and storage (CCS), except the rules to make it happen.Nearly four years ago, Congress gave the Department of the Interior authority to oversee offshore carbon sequestration. The Infrastructure Investment and Jobs Act (IIJA) of 2021 amended the Outer Continental Shelf Lands Act (OCSLA) to authorize competitive leasing and regulation of carbon dioxide injection into subsea formations on the U.S.
Plug and Play: Fleetzero, Glosten Team on Record Hybrid Electric Vessel
As battery technology evolves at speed, so too do developments on maritime's increasing use of the energy packs for hybrid and pure electric applications. Today, Fleetzero, a developer and manufacturer of modular propulsion platforms for hybrid and electric ships, selected Glosten to design what is expected to be the world’s longest-range hybrid electric vessel. Glosten has been working with Fleetzero on the retrofit of a Lightering Support Vessel owned and operated by AET.
Ukraine Strikes Russian Port in Astrakhan
The Ukrainian military said it struck the port of Olya in Russia's Astrakhan region on Thursday, hitting a ship with drone parts and ammunition from Iran.Russia uses the port as an important logistics hub for the supply of military goods from Iran, the Ukrainian military said in a statement on Friday.(Reuters - Reporting by Anastasiia Malenko; Editing by Christian Schmollinger)
Conrad Industries Announces 2025 Income Jump
Conrad Industries has announced a net income of $5.8 million for the quarter ended June 30, 2025.Earnings per diluted share of $1.16 compared to net income of $2.2 million and earnings per diluted share of $0.44 during the second quarter of 2024.The company had net income of $9.7 million and earnings per diluted share of $1.93 for the six months ended June 30, 2025 compared to net income of $3.7 million and earnings per diluted share of $0.75 for the six months ended June 30…
One Bio-LNG Step Forward, One Back
This week, Van Oord’s trailing suction hopper dredger Vox Ariane completed its first bunkering of bio-LNG.The move follows the July news that NYK has started the continuous use of bio-LNG fuel on its LNG-powered car carriers.There’s been more firsts this year. In February 2025, Furetank conducted its first bio-LNG bunkering. In March, Titan and Mitsui OSK Lines (MOL) completed the first bio-LNG bunkering operation of a multi-year contract.
Wine Down Under
Brad Adams, co-founder of Subsea Estate in Western Australia, has just retrieved vats of his latest wine from the seabed just off the coast of Augusta.Partnered with wife and co-founder Jodee Adams and chief wine maker Emmanuel Poirmeur, he is creating a product unique in the southern hemisphere.For the last two years, Subsea Estate has produced Semillon and Shiraz that has undergone its secondary…
DFDS Wins Danish Shipping Diversity Award
The shipping company DFDS has received the Danish Shipping Company's Diversity Award 2025 at Danish Shipping Company's annual event in connection with Copenhagen Pride.DFDS was nominated for the 2025 Diversity Award in recognition of its strategic and courageous efforts for diversity, equality and inclusion. The jury particularly highlights DFDS' strong leadership anchoring, where DEI goals are integrated into both KPIs and bonus schemes…
Heather Alpha Topside Removed in 14 Seconds
EnQuest completed the removal of the Heather Alpha topsides on August 11.The Allseas-owned Pioneering Spirit heavy lift vessel removed the 15,300 tonne topsides in a single lift, the largest single lift planned in the North Sea this year.EnQuest Decommissioning Director, John Allan, said: “The Pioneering Spirit completed the lift in around 14 seconds, but that astonishing reality was only made possible by three years of meticulous planning, engineering and preparation works.
Fincantieri Sues Insulation Producer
Fincantieri has sued an Owens Corning company for fraud, claiming it was sold faulty fire-retardant panels.Two ships subsequently needed repairs that delayed their launch and another nine ships are affected, both cruise and military vessels.The suit was filed in Ohio last month, and Fincantieri is asking for over $100 million in damages and citing the reputational harm it caused due to media coverage…
