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$1.1B Order from Seapeak Pushes Samsung Past $9B Mark for 2022

$1.1B Order from Seapeak Pushes Samsung Past $9B Mark for 2022

Maintaining its strong position in the LNG carrier newbuild market, South Korea’s Samsung Heavy Industries has recorded $9 billion in orders for 2022 surpassing the shipbuilder’s target for orders. Wh...

Xeneta: Overcapacity and Falling Volumes Will Challenge Market in 2023

Xeneta: Overcapacity and Falling Volumes Will Challenge Market in 2023

After over two years of rising rates and overstretched capacity, the rapidly cooling ocean freight market is setting up for an “extremely challenging 2023,” according to Oslo-based Xeneta. The operato...

Photos: Liftboat Evacuated in Foul Weather in Gulf of Mexico

Photos: Liftboat Evacuated in Foul Weather in Gulf of Mexico

[Brief] Gulf Coast liftboat operator evacuated the 185-foot jackup boat Robert over the weekend due to heavy weather, the company has confirmed in a statement.  “The L/B Robert was fully evacuated...

Royal Navy Signs Up for Naval Strike Missile to Replace Harpoon

Royal Navy Signs Up for Naval Strike Missile to Replace Harpoon

The UK Ministry of Defence has reached a deal to replace the aging Harpoon anti-ship missiles on 11 of its warships with the smaller but more advanced Naval Strike Missile (NSM).  The NSM is a subs...

Finland and Germany Starting LNG Imports

Finland and Germany Starting LNG Imports

LNG import operations are beginning in both Finland and German as the countries race to complete their new gas facilities to replace the Russian supply of gas as colder winter temperatures reach the a...

USS Nitze Seizes $20M in Narcotics From a Dhow in Gulf of Aden

USS Nitze Seizes $20M in Narcotics From a Dhow in Gulf of Aden

On Tuesday, the destroyer USS Nitze seized $20 million in drugs from a fishing dhow in the Gulf of Aden.  Nitze was under way on a patrol in international waters, operating as part of Combined Mari...

France’s First Offshore Wind Farm is Completed off Brittany

France’s First Offshore Wind Farm is Completed off Brittany

France's first commercial-scale offshore wind project, the 480 megawatt Saint-Nazaire Offshore Wind Farm, is now fully operational. Under development for nearly a decade, the wind farm is credited wit...

Korea Identifies Potential Targets to Acquire HMM in Privatization

Korea Identifies Potential Targets to Acquire HMM in Privatization

Korea has quietly begun exploring the steps to privatize the country’s largest shipping company HMM. According to reports in the Korean media, the state-run Korea Development Bank met with potential c...

Putin Commissions One Nuclear Icebreaker and Launches His Next

Putin Commissions One Nuclear Icebreaker and Launches His Next

On Tuesday, Russian President Vladimir Putin presided remotely over the launch of the Yakutia, the fourth vessel in Russia's Project 22220 nuclear-powered icebreaker series. The ceremony at United Shi...

Containership Backup is Declared Over in Southern California

Containership Backup is Declared Over in Southern California

The Marine Exchange of Southern California which oversees the movement of vessels into and out of the ports of Los Angeles and Long Beach officially declared that the backup of containerships has ende...