Ranking & Reporting the World's Top 10 Vessel Owning Nations
In the ever-evolving world of maritime trade, ship ownership is a key indicator of economic influence and global commerce. As we enter 2025, Veson Nautical offers its Top 10 Ship Owning Nations, offering a detailed analysis of fleet values and industry shifts. This year, China has surged to the top, overtaking Japan in total fleet value, while geopolitical events and shifting market dynamics continue…
Sanmar Delivers Another Multi-Purpose Tug to Norwegian Operator
Sanmar has delivered one of its multi-purpose Bogacay Series tugs to Norwegian operator Buksér og Berging, where it will work out of the Port of Oslo.Renamed BEVER by its new owner, the tug is the ninth that Sanmar has built for the company. A tenth tug is under construction at Sanmar’s shipyard in Türkiye and is scheduled to be delivered in April 2025.Based on the exclusive-to-Sanmar RAmparts 2400SX-MKII design from Canadian naval architects Robert Allan…
Schottel Inks Propulsion Supply Deal for Portuguese Navy’s Newbuild
Schottel has been awarded a contract to supply propellers and thruster for a Multi-Purpose Support Ship (MPSS) being built by Damen for the Portuguese Navy.For the main propulsion, Schottel will deliver two electrically powered EcoPeller type SRE 560 azimuth thrusters with an input power of 2,600 kW eachTo enhance maneuverability and DP capabilities, the newbuild will be equipped with a SCHOTTEL TransverseThruster type STT 3 FP (800 kW).With this thruster configuration…
Glosten Designing Floating Nuclear Power Plant for US Ports Barge-Based Infrastructure
CORE POWER (US) Inc. has engaged with Glosten to help its team design a floating nuclear power plant (FNPP) to power U.S. ports. Created by CORE POWER, the FNPP concept is a nearshore infrastructure system that includes a barge-based nuclear power plant, barge support services, electrical grid integration, and operational teams. Easy to transport and rapidly deploy, the FNPP will provide an estimated 175GWh of clean electricity per year.
d’Amico Tankers Signs Charter Deals for Five Vessels
Marine transportation company operating in the product tanker market d’Amico International Shipping has, through its subsidiary d’Amico Tankers D.A.C. (Ireland), signed time charter agreements for five vessels.The new time charter agreements are for four Handysize vessels and extended a time-charter contract on one MR vessel.The agreements have been concluded with reputable counterparties at highly…
Seanergy Maritime Grows Fleet with Two Japanese Ships
Seanergy Maritime Holdings Corp. has entered into two definitive agreements with unaffiliated third parties in Japan for the purchase of a Japanese-built Newcastlemax vessel and a bareboat charter with a purchase obligation for one Japanese-built Capesize vessel, for approximately $69 million.The Newcastlemax was built in 2013 at Imabari Shipbuilding, Saijo Shipyard, and has a cargo-carrying capacity of approximately 207…
Shipyard taps Project, Contract Tools to Power Growth
From a distance, the scene is unmistakable—a Rijkswaterstaat vessel docked alongside an icebreaker being transformed into an expedition yacht. For those familiar with the maritime industry, this signals the renowned Damen Maaskant shipyard in Stellendam.“I’ve been walking these grounds since childhood. My father sailed on fishing vessels built here,” shares Managing Director Eric Moerkerk. With deep roots in the trade…
ADNOC Opts for Seagliders for Offshore Energy Crew Transportation
ADNOC Logistics and Services (ADNOC L&S), part of the Abu Dhabi National Oil Company (ADNOC), has partnered with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet for offshore energy logistics services.The seagliders will provide high-speed, zero-emission transport of passengers to and from offshore energy infrastructure.Seaglider technology represents an innovative solution…
Submarine Closed Loop Cooling System Tested at US Navy Shipyard
Maxim Watermakers, a business unit of Fairbanks Morse Defense, has successfully completed qualification testing for a first-of-its-kind submarine maintenance closed loop cooling system for Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility (PHNS and IMF).This qualification is the first closed loop cooling system implementation for the U.S. Navy and Maxim’s initial application of this…
Nakilat Announces 2024 Profit
Qatar Gas Transport Company (Nakilat) has announced a 2024 net profit of QAR 1.64 billion ($450 million), an increase of 5.1% compared to QAR 1.56 billion ($428 million) for the same period in 2023.Nakilat says the result demonstrates operational efficiency, its ability to seize emerging opportunities and its resilience in navigating the challenges of the global energy transportation market.Nakilat’s commitment to meeting the growing demand for clean energy transport continues to take shape.
Americans Cruise Passenger Growth Could Slow
Nearly 19 million Americans are expected to go on cruise vacations this year, but passenger growth is likely to cool off after seeing a boom post pandemic, travel group AAA forecast on Monday.Passenger volume this year is projected to grow 4.5% from 2024, when 18.2 million Americans went on ocean cruises, according to the industry group. The increase is slower than the 7.7% rise last year and a solid…
Royal Caribbean Expects “Another Great Year”
Royal Caribbean said on Tuesday that 2025 was shaping up "to be another great year", with a near 23% jump expected in adjusted earnings, as it benefits from record prices and new river cruise itineraries.Its shares jumped 12% in early trading after the company also forecast full-year adjusted earnings of $14.35 to $14.65 per share, largely above analysts' estimates of $14.41, according to data compiled…
Senators Weigh In on Panama Canal Concerns
A bipartisan group of U.S. senators on Tuesday expressed alarm at China's influence on the Panama Canal, which President Donald Trump has vowed the United States would take back."Chinese companies are building a bridge across the canal – at a slow pace so as to take nearly a decade – and control container ports at either end," Senate Commerce Committee chair Ted Cruz said at a hearing on the canal's role in U.S.
European LNG Imports Up with Asian Influx
The world's imports of liquefied natural gas are set to jump to the highest in a year in January as Europe's winter demand draws cargoes away from top-consuming region Asia.A total of 38.12 million metric tons of the super-chilled fuel is on track to be imported in January, up from 37.69 million in December and the most since January 2024's 38.73 million, according to data compiled by commodity analysts Kpler.The January volume is also the third-highest on record…
Port Protests Do Not Stall Oil Loadings in Libya
Libya's National Oil Corporation (NOC) said oil exports were continuing without disruption following talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday."Operations are proceeding smoothly across all fields and ports after discussions with protesters who held demonstrations this morning at the Es Sider and Ras Lanuf ports," the NOC said in a statement on its Facebook page.According to five engineers and a shipping source…
Bahri, Petredec Team to Address Saudi Arabia’s LPG, Ammonia Shipping
Petredec and Bahri (The National Shipping Company of Saudi Arabia) formed a partnership to address Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team, led by Bahri Oil and Petredec. Bahri’s 40% shareholding in Petredec, combined with Petredec’s world-class LPG logistics and value chain platform, creates a strong foundation…
Ferry Propulsion & The Total Package ... Sustainability, Safety & Siemens Energy
The ocean sector finds itself in a critical moment, especially as the demand to decarbonize grows. Though long-haul is still the biggest emitter in the maritime industry, the need to decarbonize smaller commercial and coastal vessels, including cruise ships, passenger ferries, platform supply vessels (PSVs), offshore service vessels (OSVs), and research ships, is on the rise. Particularly, passenger ferries are pushing into uncharted waters…
Crew Flees Hong Kong-Flagged Ship Amid Fire in Red Sea
The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught fire on Tuesday, two maritime sources said, adding the cause of the incident was not immediately clear.The crew were rescued by another vessel and are safe, the sources said, adding that the incident took place in the open sea off Yemen.The Shanghai-based manager of ASL Bauhinia, Asean Seas Line, was not immediately available for comment.Earlier this month, Yemen's Iran-aligned Houthi
MEGA INFRASTRUCTURE: Inside the Chickamauga Lock Upgrade Project
This episode of Maritime Matters: The MarineLink Podcast, delves into the critical importance of the inland waterways infrastructure in the U.S., focusing on the Chickamauga Lock Project on the Tennessee River. A trio of experts – Tracy Zea, President & CEO of WCI; Elizabeth Burks, USACE Nashville Division Chief; and Capt. Joe Cotton, Project Manager, Chickamauga Lock Project – discuss the current state of the inland waterways…
Damen Hands Over Germany’s First All-Electric Ferry
Damen Shipyards has delivered Germany’s first, all-electric catamaran (E-Kat) ferry to its operator AG Reederei Norden-Frisia.Capable of taking up to 150 passengers, the vessel will operate between Norddeich and Norderney on the East Frisian Wadden Sea.The 32-metre E-Kat has been designed to operate on a 30-minute route with 28 minutes allowed at each end to disembark and embark passengers.Built at Damen shipyards in Poland and the Netherlands…
