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Amphib USS Boxer Deploys to Join Naval Buildup in Mideast

Amphib USS Boxer Deploys to Join Naval Buildup in Mideast

  The U.S. Navy is dispatching the amphibious assault vessel USS Boxer and her escorts from California to the Mideast, where they will be on hand for ongoing hostilities with Iran. Boxer will be th...

NTSB: Bulker Grounded Due to “Expectation Bias" and Lack of Communications

NTSB: Bulker Grounded Due to “Expectation Bias" and Lack of Communications

  The National Transportation Safety Board released its final report on the grounding of a bulker near Philadelphia in the Delaware River, saying it believes the pilot made errors based on his expe...

As Vessel Casualties Mount in Gulf, IMO Endorses Safe-Passage Exit Route

As Vessel Casualties Mount in Gulf, IMO Endorses Safe-Passage Exit Route

Amidst the ongoing exchange of fire in the Arabian Gulf region, thousands of seafarers are caught in the middle. In the early hours of Thursday morning, two more vessels were hit by projectiles during...

Bessent: U.S. May Allow Iran to Sell Oil in Order to Increase Supply

Bessent: U.S. May Allow Iran to Sell Oil in Order to Increase Supply

  The U.S. government may soon release additional barrels from its strategic reserves to calm oil markets amidst the closure of the Strait of Hormuz, and might even relax its "maximum pressure" san...

Fincantieri Floats for Viking "First Hydrogen-Powered Cruise Ship"

Fincantieri Floats for Viking "First Hydrogen-Powered Cruise Ship"

Fincantieri marked another milestone in cruise ship development as it floated out the Viking Libra (54,300 gross tons), which is being billed as the “world’s first hydrogen-powered cruise ship.” It...

Hapag and India Plan Cooperation for Reflagging Ships, Recycling, and Ports

Hapag and India Plan Cooperation for Reflagging Ships, Recycling, and Ports

  Hapag-Lloyd has become the latest among the largest carriers to map out a strategy of cooperation and expansion with India. The liner company reports it already has six dedicated services that in...

As U.S. Applies Force in Hormuz, European Powers Support Post-War Security

As U.S. Applies Force in Hormuz, European Powers Support Post-War Security

  On Thursday, following a broad rejection of the White House's appeal for help in reopening the Strait of Hormuz, a coalition of six allied nations released a statement supporting action to protec...

Genco Rejects Diana’s Revised Offer Citing Value and “Fire Sale” of Ships

Genco Rejects Diana’s Revised Offer Citing Value and “Fire Sale” of Ships

The battle to further consolidate the dry bulk segment continues with Genco Shipping & Trading announcing that its board unanimously rejected the revised, non-binding indicative proposal from Diana...

Filing Confirms MSC is Buying into Sinokor and Behind Tanker Buying Spree

Filing Confirms MSC is Buying into Sinokor and Behind Tanker Buying Spree

Public filings in Cyprus and Greece are ending months of speculation, providing the first confirmation that the Aponte family and MSC Mediterranean Shipping are in fact linked to a sudden and dramat...

Damage to World's Largest LNG Plant Could Take 3-5 Years to Fix

Damage to World's Largest LNG Plant Could Take 3-5 Years to Fix

  The Iranian strikes on Ras Laffan yesterday hit the world's biggest LNG export plant, and Qatari officials say that the damage was so extensive that it will take years to fully recover.  The s...