Thursday, November 13, 2025
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IRISL

U.S. Treasury Sanctions Iran's Rocket Fuel Supply Chain

Published Nov 12, 2025 8:08 PM by The Maritime Executive

  The U.S. Office of Foreign Asset Control (OFAC) has sanctioned the procurement network that helps Iran's military import rocket fuel ingredients from China, an essential logistics arrangement for the Iranian ballistic missile program.  The import scheme first came into public view in January, when intelligence sources tipped off the Financial Times to two Iranian ships that were loading chemical ingredients for ballistic missile propellant off Shanghai. The boxships Golbon and Jairan, owned and operated by the sanctioned Islamic Republic...

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Brian

Interview: Brian "Buckley" McAllister, President of McAllister Towing

Published Nov 12, 2025 8:03 PM by Tony Munoz

  The fifth-generation leader of a storied company, McAllister combines maritime know-how with a lawyer’s skill set. He also plays a mean guitar. Welcome, Buck, we're honored to have you. Let's start with your background and education. What led you to become a lawyer? From an early age I really loved reading. I was a comparative literature major in college, so law school seemed like a good way to combine my passion for reading and critical thinking with a practical skill set....

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cash

Four Glencore Traders Plead Not Guilty to Bribery Charges

Published Nov 12, 2025 7:45 PM by The Maritime Executive

  Four former employees of trader Glencore have pleaded not guilty to charges of bribery in connection with the firm's oil operations in Nigeria, Ivory Coast and Cameroon in 2007-14.   Paul Hopkirk, 51; Martin Wakefield, 66; David Perez, 54; and Ramon Labiaga, 56, have been arraigned at a UK court and have pleaded not guilty to charges of "conspiracy to give corrupt payments" to local officials and intermediaries. Gibson, Perez and Wakefield face an additional charge of falsifying accounting documents for...

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Kraken

Samsung Heavy Industries Agrees to Build Amogy's Ammonia-Power Systems

Published Nov 12, 2025 6:46 PM by The Maritime Executive

  Ammonia-power startup Amogy has reached an agreement with Samsung Heavy Industries (SHI) to manufacture Amogy's systems in South Korea. The deal will see SHI set up a facility for production and testing, starting with the manufacture of the equipment for an ammonia distributed-power project in the city of Pohang-Si.  Amogy's system uses catalysts to split ammonia into nitrogen and hydrogen. The hydrogen is then used to power a fuel cell or a reciprocating engine. This takes advantage of the high energy...

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MORE STORIES BY CATEGORY

Offshore

FPSO

Nigeria Gets its First Locally-Owned FPSO

  Nigeria has welcomed its first locally owned floating production, storage and offloading (FPSO) vessel. The FPSO Emem is owned by the Nigerian oil company Oriental Energy Resources (OER). This reveals growing capacity by local producers to deliver complex offshore development in a market dominated by global oil majors. The FPSO has been undergoing conversion at the Drydocks World Dubai Shipyard, which was initially scheduled to be completed in February. After almost eight months of delay, Nigerian Minister for Petroleum...

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Shipbuilding

Immigrant arrest

ICE Shipyard Raid Nabs 25 Illegal Immigrants

  Immigration officers carried out a raid on a shipyard in Louisiana last week and came away with more than two dozen suspected illegal immigrants who were working for a welding contractor, according to ICE Homeland Security Investigations.  The raid occurred at an unnamed yard in Harvey, Louisiana, but the individuals in question were employed by Belle Chasse-based contractor Barrois Welding Services. ICE had specific intelligence about the workplace, HSI said: one Barrois Welding Services employee had been arrested in...

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Environment

Harbor and iron or pier at Saldanha Bay, South Africa (Hp.Baumeler / CC BY SA 4.0)

Study: South Africa-Europe Shipping Route Could Run on Ammonia by 2029

  Despite the existing uncertainty in global regulations for clean shipping, some decarbonization initiatives are setting ambitious targets for transitioning to alternative fuels. One such example is the South Africa-Europe iron ore shipping route, which could feasibly deploy ammonia-fueled bulk carriers as soon as 2029 and scale toward full decarbonization by 2035. These findings are contained in a feasibility study by the Global Maritime Forum, produced in partnership with a consortium formed in 2023 to develop a green shipping corridor...

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Business

cash

Four Glencore Traders Plead Not Guilty to Bribery Charges

  Four former employees of trader Glencore have pleaded not guilty to charges of bribery in connection with the firm's oil operations in Nigeria, Ivory Coast and Cameroon in 2007-14.   Paul Hopkirk, 51; Martin Wakefield, 66; David Perez, 54; and Ramon Labiaga, 56, have been arraigned at a UK court and have pleaded not guilty to charges of "conspiracy to give corrupt payments" to local officials and intermediaries. Gibson, Perez and Wakefield face an additional charge of falsifying accounting documents for...

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