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Activist Shareholder Elliott Targets Mitsui OSK Lines

Activist Shareholder Elliott Targets Mitsui OSK Lines

  The well-known activist shareholder group Elliott Investment Management reported it has acquired a “significant investment” in Mitsui O.S.K. Lines. Recognized as one of the largest activist inves...

Iran Damages Ras Laffan LNG Terminal, Sending EU Energy Prices Soaring

Iran Damages Ras Laffan LNG Terminal, Sending EU Energy Prices Soaring

  Qatari state petroleum company QatarEnergy has reported a series of Iranian attacks on the natural gas hub at Ras Laffan Industrial City, home of the world's largest LNG export terminal. The fina...

Hormuz Stop Could Have Knock-on Effect on South Korean Shipbuilding

Hormuz Stop Could Have Knock-on Effect on South Korean Shipbuilding

  South Korea is reporting that one of the knock-on effects of the stoppage of energy exports from the Middle East is threatening parts of its shipbuilding industry. The government has been working...

Mystery Grows as Denmark Continues to Detain Iranian Boxhip

Mystery Grows as Denmark Continues to Detain Iranian Boxhip

  Four weeks after stopping a containership that was suspected of not being correctly registered, Danish authorities continue to hold the vessel but are declining requests for information. The ship...

White House Gives Foreign Shipowners Access to Domestic Trade for 60 Days

White House Gives Foreign Shipowners Access to Domestic Trade for 60 Days

The Trump administration has temporarily waived the Jones Act for select liquid bulk and dry bulk cargoes, allowing foreign seafarers and shipowners greater latitude to work within the United States...

South Korea Asks for Tariff Relief and Support for Hanwha’s Philly Shipyard

South Korea Asks for Tariff Relief and Support for Hanwha’s Philly Shipyard

  Officials from South Korea and the U.S. state of Pennsylvania met in South Korea on Wednesday to discuss cooperation and how they could support the development of U.S. shipbuilding and specifical...

Tankers Appear Cuba Bound as Russia Vows Support Against External Pressure

Tankers Appear Cuba Bound as Russia Vows Support Against External Pressure

  Days after Cuba suffered one of its worst electrical blackouts due in part to the U.S. energy blockade of the island, two tankers carrying Russian energy products appear to be heading to the isla...

Marine Pilots: Coast Guard Funding Lapse Brings Safety Risks

Marine Pilots: Coast Guard Funding Lapse Brings Safety Risks

  Events in the Strait of Hormuz have put new demands on the attention of U.S. maritime services, enough to obscure a pressing issue closer to home: the U.S. Coast Guard is still operating in "shut...

Report: USS Gerald R. Ford to Leave Red Sea for Repairs After Laundry Fire

Report: USS Gerald R. Ford to Leave Red Sea for Repairs After Laundry Fire

  The supercarrier USS Gerald R. Ford is scheduled to return to Souda Bay, Crete shortly for repairs to damage from the laundry room fire that broke out belowdecks last week, official sources told...

French Navy Marine Suffers Serious Gunshot Wound Aboard Rescue Tug

French Navy Marine Suffers Serious Gunshot Wound Aboard Rescue Tug

  Last weekend, a French Navy marine suffered a severe, life-threatening injury aboard the rescue ship Abeille Normandie, according to the prosecutor's office for the Boulogne-Sur-Mer area. The vic...