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Iran's Spy Ship Activity Extends Beyond the Red Sea

Iran's Spy Ship Activity Extends Beyond the Red Sea

  Two U.S. Treasury-sanctioned ships have been the focus of attention for the maritime community interested in Iranian spy ship activity.  But these are not the only Iranian ships involved in intel...

Chile Boosts Domestic Shipbuilding with New Procurement Policy

Chile Boosts Domestic Shipbuilding with New Procurement Policy

  Chile has launched a national naval shipbuilding policy, which will see the navy utilize domestic shipyards during the ongoing fleet renewal program. President Gabriel Boric signed the policy las...

Baltic Exchange Launches FuelEU Calculator to Help Shipowners Understand

Baltic Exchange Launches FuelEU Calculator to Help Shipowners Understand

[By: Baltic Exchange] From 1 January 2025, voyages that include port calls in the European Union will have to account for the new FuelEU Maritime regulation. This new regulation is designed to acce...

Navig8 Announces Completion of 80% Acquisition by ADNOC L&S for $1.04B

Navig8 Announces Completion of 80% Acquisition by ADNOC L&S for $1.04B

[By: Navig8] Navig8 TopCo Holdings Inc. (Navig8 / the Company) today announced that it has been acquired by ADNOC Logistics and Services plc (ADNOC L&S) (ADX symbol: ADNOCLS / ISIN: AEE01268A239),...

Kongsberg Discovery Acquires Naxys Technologies

Kongsberg Discovery Acquires Naxys Technologies

[By: Kongsberg Discovery] Kongsberg Discovery has reached agreement to acquire Naxys Technologies AS. The Bergen-based company is a world leader in technology for underwater environmental monitorin...

Maritime Executive

Bangladesh Could Lose Top Position in the Global Shipbreaking Market

  With global ship demolition at record low levels, Bangladesh’s shipbreaking industry has reported that 2024 saw a massive drop in scrap ship imports. Only 144 ships were sent to Bangladesh last y...

Future Development of Flettner Rotor Propulsion

Future Development of Flettner Rotor Propulsion

  Wind energy historically provided the basis for vessel propulsion, using sails and sometimes kites. During the 1920s, engineer Anton Flettner developed large cylinders spinning on a vertical axis...

Affordable and Available LNG Dominated Dual-Fuel Vessel Orders in 2024

Affordable and Available LNG Dominated Dual-Fuel Vessel Orders in 2024

  The shipping industry is looking for CO2-reducing alternatives to bunker fuel, and LNG has become the preferred alternative fuel of choice, according to data collected by DNV.  DNV’s annual re...

Samskip and Value Maritime Win Funding for Compact Carbon-Capture System

Samskip and Value Maritime Win Funding for Compact Carbon-Capture System

  Value Maritime has secured funding from the Dutch government to install a new version of its carbon-capture technology aboard another vessel owned by repeat customer Samskip. Samskip has exper...

Op-Ed: To Counter China, Trump Should Step Up His First-Term Approach

Op-Ed: To Counter China, Trump Should Step Up His First-Term Approach

  [By Yan C. Bennett] As in his first term, Donald Trump should continue a resolute approach toward China in his second term. This approach was and is grounded in the belief that a more assertiv...