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Scotland’s CMAL Selects Chinese Yard to Build Freight Flex Ferries

Scotland’s CMAL Selects Chinese Yard to Build Freight Flex Ferries

  The Scottish government-owned ferry company Caledonian Maritime Assets Limited (CMAL) reported it has concluded a project that began in September 2024 by selecting China’s Guangzhou Shipyard Inte...

Port of Virginia Completes Project to Dredge East Coast's Deepest Harbor

Port of Virginia Completes Project to Dredge East Coast's Deepest Harbor

  The Port of Virginia and its contractors have finished work on the deepest shipping channel and harbor on the U.S. East Coast, the linchpin of the port's ambitions to become the most modern and c...

Erik Hanell to Step Down as CEO of Stena Bulk

Erik Hanell to Step Down as CEO of Stena Bulk

  Erik Hanell, longtime CEO of Stena Bulk, will be stepping down at the end of the year after more than a decade in the top role. Hanell is a former mariner and a 27-year veteran of the Stena gr...

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...