LR taps Edris for Middle East Post
Lloyd’s Register (LR) appointed Hossam Edris as Naval Business Director for the Middle East.Based in Dubai, Edris will lead LR's naval and defence business development activities across the region, working closely with government and industry stakeholders as they modernise fleets, strengthen sovereign defence capabilities and adopt advanced maritime technologies.Edris brings more than 20 years of international experience across the aerospace, defence, aviation and technology sectors.
DSV Taps CMA CGM’s ACT+ to Cut Shipping Emissions
CMA CGM and logistics group DSV have signed an agreement targeting a reduction of 12,000 tonnes of CO2 emissions over two years through the use of lower-carbon marine fuels.Under the agreement, DSV will use CMA CGM’s ACT+ low-carbon shipping solution, with the targeted emissions reductions achieved through second-generation UCOME-based biofuels.CMA CGM said ACT+ can reduce CO2 emissions by up to 83% compared with conventional shipping fuel through the use of lower-carbon fuels…
Hormuz Oil Tanker Strike Injures 12 Crew Members
Twelve crew members were injured after an unknown projectile struck Panama-flagged oil tanker On Peace while it was passing through the Strait of Hormuz, India's foreign ministry said on Tuesday.A tanker was attacked on Monday causing a fire in its engine room, the United Kingdom Maritime Trade Operations agency reported without naming the vessel."With the assistance of Omani authorities, the injured crew have since been evacuated and are receiving medical treatment in Khasab, Oman," the foreign
US Navy, Anduril Unveil $6.6B Shipyard Plan for Submarine Parts Production
Anduril Industries plans to invest $3.7 billion in a new Maryland shipyard to manufacture Virginia-class submarine components and other subsea systems, alongside a U.S. Navy contract worth up to $2.9 billion tied to production targets.The Arsenal-2 facility will be built at Tradepoint Atlantic in Sparrows Point, Baltimore County, with permitting and site preparation beginning immediately and initial operations expected in 2030.The combined public and private investment totals $6.6 billion…
Bulgaria Calls Off Search for Crew After Black Sea Drone Strike Sinks Ship
Bulgaria has halted its search for the missing crew of a ship that sank after being hit by a drone about 70 nautical miles (130 km) off its coast, Vice-Admiral Rumen Nikolov of the Maritime Administration Executive Agency said on Wednesday.Early on Tuesday, two ships were hit in a drone attack in Bulgaria's Black Sea exclusive economic zone. One sank and the other was damaged. The crew of the damaged ship were rescued…
Oil Climbs on US Storm Threat, Saudi Attack Risks
Oil prices climbed on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude.Brent futures LCOc1 rose 81 cents, or 0.8%, to $101.39 a barrel by 0635 GMT. US West Texas Intermediate (WTI) crude futures CLc1 gained 61 cents, or 0.7%, to $90.05 a barrel.US…
How Does the Public Really Feel about Small Modular Reactors?
In a spare few minutes I took a quick look at the U.S. Center for Maritime Innovation Report: Small Modular Reactor Technologies for Maritime Applications of May 19, 2026.As near as I can figure, it focuses on two major concerns with regard to the use of SMRs in commercial ships:1. Insurance obstacles and2. Possible adverse reactions by the public to nuclear commercial ships.That is weird to me, since…
Sumitomo, TFI Marine Introduce Mooring Solutions to Floating Wind
Sumitomo Corporation Global Metals Co., Ltd. (SCGM) and TFI Marine Limited have formed a partnership to introduce innovation into mooring solutions for floating offshore wind and offshore energy projects. The partnership enables and accelerates the deployment of floating offshore wind in Japan and globally, contributing to decarbonization and energy security.Mooring systems are among the principal cost and risk drivers in floating offshore wind.
Russia Imports Petroleum Products From South Korea to Ease Fuel Crises
Russia imported more than 176,000 tons of petroleum products from South Korean ports in July and August, easing the impact of a fuel crisis caused by Ukrainian drone strikes on Russian oil refineries, Ukraine's top sanctions official said on Tuesday.The supplies from South Korea made up 31% of Russian fuel imports in August, according to the official, Vladyslav Vlasiuk, citing what he said were reports that tankers…
Iran War Forces Oil Industry to Consider Alternative Export Routes
The disruption caused by the Iran war is forcing the energy industry to rethink its just-in-time approach to efficient supply chains and to consider investing in alternative routes which bypass the Gulf and the Red Sea.Attacks on shipping around the Strait of Hormuz and the Bab el-Mandeb Strait have cut energy exports, boosting prices and inflation globally."The biggest lesson of the crisis is that we need not only to think to produce but also to export…
As Global Stockpiles Dry Up, US EIA Rises Oil Price Forecast
The US Energy Information Administration raised its oil price forecast for this year and next year on Tuesday, as global stockpiles fall rapidly and diesel markets remain tight due to the ongoing Iran war.Attacks on Saudi Arabia's East-West Pipeline, a key export route for one of the world's largest oil producers, underscore the risk of further disruptions to physical oil flows and prices, the EIA said in its Short-Term Energy Outlook.At the same time…
Germany Plans to Buy Four More TKMS Frigates
Germany plans to buy four more Meko A-200 frigates from shipyard TKMS for about €5.6 billion ($6.3 billion), a finance ministry document seen by Reuters showed on Tuesday, with parliamentary budget committee approval expected on Thursday.The purchase follows a decision by Defence Minister Boris Pistorius to scrap the rival F126 frigate project with Dutch shipbuilder Damen over delays and cost overruns.Here are more details from the document…
Drone Strike Sinks Vessel Off Bulgaria Coast
The crew of a merchant ship was missing on Tuesday after the vessel sank in the Black Sea off NATO member Bulgaria following a drone strike that Prime Minister Rumen Radev described as a gross violation of international law.It was not immediately clear who carried out the attack by air and sea drones about 70 miles (112 km) off the coastal town of Byala in eastern Bulgaria, but there are growing concerns…
Marlink, TXOne Networks Partner to Strengthen Maritime Cyber Resilience
Marlink, a provider of managed services for business-critical digital solutions, has entered into a partnership with TXOne Networks, a provider of cyber-physical systems and operational technology security, to strengthen cyber resilience across maritime and industrial operations.The partnership brings together Marlink's expertise in managed cybersecurity, connectivity, network and cloud services with TXOne Networks' purpose-built Operational Technology (OT) security capabilities.
AYK Energy to Supply Batteries to Four New Electric Tugs
Battery manufacturer AYK Energy has announced further growth in the workboat industry after striking its latest deal with Kongsberg Maritime to supply batteries for four new fully electric Svitzer TRAnsverse tugs.The deal builds on five previous Svitzer hybrid electric tug projects AYK has worked on. The vessels are being built at the Cochin Shipyard in India and will see each tug equipped with an ABS-certified 4…
Wärtsilä to Supply 34DF Engines for 12 New CMA CGM Container Vessels
Wärtsilä will supply a total of 36 Wärtsilä 34DF dual fuel engines for 12 new 18,000 TEU container vessels being built for French operator CMA CGM at the Jiangnan Shipyard in China. The vessels will run on LNG, supporting CMA CGM’s ambition to operate lower‑emission deep‑sea container ships. The engines will be delivered through Wärtsilä’s joint venture company CWEC (Shanghai) Co. Ltd. The engine order for all 12 vessels was booked by Wärtsilä in Q1 2026.
Interferry Unveils Panel Lineups for 2026 Conference in Bangkok
Interferry has unveiled a line-up of senior leaders for the three Ferry Leaders Panels at its upcoming 50th Anniversary Conference in Bangkok, Thailand. Scheduled from October 31 to November 4, 2026, the event will bring together top executives from across the globe to address urgent operational, human, and strategic challenges facing ferry shipping.During the regular conference sessions, Interferry Chairman Götz Becker of FRS and Matteo Catani of GNV…
Normand Maximus CSV Set for $125M Ownership Transfer
Solstad Offshore has exercised an option to purchase the construction support vessel (CSV) Normand Maximus for $125 million via its subsidiary, with the acquisition scheduled to be completed in October 2027.Solstad Offshore’s subsidiary Normand Maximus declared the purchase option on October 6, 2026, under a bareboat charter agreement signed with Maximus Shipping in October 2022.The agreement gave Normand Maximus the right to acquire the vessel after five years of chartering…
MISC Names First of Three LNG Carriers for QatarEnergy
MISC has named Th’ailib, the first of three new 174,000-cubic-metre liquefied natural gas (LNG) carriers secured under long-term charter agreements with QatarEnergy, at Samsung Heavy Industries (SHI) in South Korea.Th’ailib will enter a firm 15-year charter with QatarEnergy starting in 2026, with two additional vessels scheduled for delivery as part of MISC's participation in the energy company's LNG fleet expansion programme.The three vessels form part of the second phase of the program.
RINA, PTT Team Up on Energy and Maritime Decarbonization
RINA and Thailand's PTT have signed two memoranda of understanding (MoU) to explore technologies spanning low-carbon fuels, vessel electrification, hydrogen and carbon management across the energy, industrial and maritime sectors.The agreements, signed through the PTT Innovation Institute, establish a framework for research, technical cooperation, knowledge sharing and exchange of expertise between the companies.Areas under consideration include alternative and low-carbon fuels…
