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Report: Private Equity Bids Lining Up for Marine Engine Company Everllence

Report: Private Equity Bids Lining Up for Marine Engine Company Everllence

Private equity buyers are reportedly showing a strong interest in Everllence (formerly MAN Energy Solutions), according to a report in the Financial Times. The newspaper broke the news last fall tha...

Argentine Mariners Strike to Protest Law That Cuts Pay, Benefits and Rights

Argentine Mariners Strike to Protest Law That Cuts Pay, Benefits and Rights

  Argentina's maritime labor unions are going on strike to protest a proposed labor law that could eliminate overtime pay, reduce the right to strike, and restrict unions' ability to organize. The...

CMA CGM  Signs India’s First Shipbuilder Order for Containerships

CMA CGM Signs India’s First Shipbuilder Order for Containerships

  France’s CMA CGM Group and India’s Cochin Shipyard finalized a contract for the construction of containerships, which is being called a defining moment for the Indian shipbuilding industry and th...

Reports of Closure in the Strait of Hormuz Overstated

Reports of Closure in the Strait of Hormuz Overstated

  A range of international media outlets, some with rigorous collateral information checking protocols, accepted Iranian claims that the IRGC had closed sections of the Straits of Hormuz yesterday...

Engine Room Fire Kills Two on Bulker off China

Engine Room Fire Kills Two on Bulker off China

  An engine room fire broke out on a Chinese-owned bulker while the vessel was sailing off Shandong in northern China. The vessel, the Mandy (180,371 dwt), is registered in Singapore, and the incid...

Video Shows Containership Hitting and Pushing Two Ferries in Santos Harbor

Video Shows Containership Hitting and Pushing Two Ferries in Santos Harbor

Video is circulating online showing an incident in Santos, Brazil, on Monday, February 16, in which a containership maneuvering in the harbor collided with two ferries and is seen pushing them acros...

Top Putin Aide Threatens EU Ships in Response to Shadow Fleet Boardings

Top Putin Aide Threatens EU Ships in Response to Shadow Fleet Boardings

  As Europe contemplates stiffer measures against the lightly-regulated, underinsured "shadow fleet" of tankers that carry most of Russia's oil, Russia is threatening to counterpunch. In an intervi...

U.S. Indicts Captain from Fugitive Shadow Tanker Reports NY Times

U.S. Indicts Captain from Fugitive Shadow Tanker Reports NY Times

The captain of the tanker Marinera (Bella 1) has reportedly been officially indicted in the United States, according to a report from The New York Times. The paper writes on February 17 that an indi...

Union Calls Off Strike at 19 UK North Sea Offshore Platforms

Union Calls Off Strike at 19 UK North Sea Offshore Platforms

  UK industrial union Unite has called off a brief offshore strike action at rig services provider Bilfinger, which would have affected up to 19 oil fields in the North Sea at the end of this week....

Understanding the U.S. Coast Guard’s Maritime Cybersecurity Framework

Understanding the U.S. Coast Guard’s Maritime Cybersecurity Framework

  Cyber incidents in the marine sector are no longer theoretical - they’re a real and accelerating risk. To address and mitigate this growing threat, the U.S. Coast Guard recently updated its ma...