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Med Marine & IGMAR Signed Contract for MED-A2875 Series Tug

Med Marine & IGMAR Signed Contract for MED-A2875 Series Tug

[By: Med Marine] MED MARINE and IGMAR (Member or Spanopoulos Group), signed a contract for the construction and delivery of a MED-A2875 series tug on May 17, 2024. The RAstar 2800 series tug is sch...

Tototheo Global and Neuron Bring AI-Optimized Satellite Connectivity

Tototheo Global and Neuron Bring AI-Optimized Satellite Connectivity

[By: Tototheo Global] Tototheo Global and Neuron have announced an agreement to deploy Neuron’s AI-powered quality of experience (QoE) management platform to vessels contracted to Tototheo. Through...

Laborde Products Expands Geographic Reach with New Facility in Paducah, KY

Laborde Products Expands Geographic Reach with New Facility in Paducah, KY

[By: Laborde Products] Laborde Products is thrilled to announce the opening of its newest operational facility in Paducah, Kentucky. This strategic move enhances our capacity to provide parts and s...

New Monthly Newsletter on the Ro-Ro Market

New Monthly Newsletter on the Ro-Ro Market

[By: AXSMarine] AXSMarine, a pioneer and market leader in the provision of advanced solutions and market intelligence for shipping professionals, is launching a newsletter covering the industry new...

KR & HD Hyundai Sign Business Agreement for Cloud-Based Smart Ship Solution

KR & HD Hyundai Sign Business Agreement for Cloud-Based Smart Ship Solution

[By: Korean Register] KR has signed an MoU with HD Hyundai to collaborate on the pilot project of a cloud-based next-generation smart ship solution (ISS 2.0) developed by HD Hyundai, on June 4th at...

Panama Canal Continues to Restore Capacity After Drought

Panama Canal Continues to Restore Capacity After Drought

  The Panama Canal Authority scheduled further efforts designed to increase capacity and reduce some of the restrictions that had been impacting transits for a year at the waterway. The latest step...

Hull Stress or Steel Fatigue Suspected After Laker Takes on Water

Hull Stress or Steel Fatigue Suspected After Laker Takes on Water

  Investigators examining the 72-year-old Great Lakes bulker Michipicoten now suspect the vessel suffered steel fatigue or a form of hull stress that caused the flooding incident on Saturday, June...

Freighter Catches Fire at Israeli Port of Haifa

Freighter Catches Fire at Israeli Port of Haifa

On Monday, a fire broke out aboard a Turkish-owned cargo ship at the port of Haifa, prompting a large-scale response.  The general cargo ship Yaf Horizon arrived in Haifa from Russia on June 9, car...

Middle Eastern Financier Buys Danish Ship Finance

Middle Eastern Financier Buys Danish Ship Finance

UAE-based investment firm Magellan Group has purchased a majority stake in Danish Ship Finance, a landmark financial institution based in Copenhagen. The price paid was about $750 million, Magellan to...

Maritime Executive

U.S. Treasury Sanctions Two Captains for Smuggling Iranian Oil

  In a rare move targeting mariners, the U.S. Department of the Treasury has added two captains to its list of people who have been blacklisted for helping move Iranian-linked oil. It is a rare ins...