Prince News

bound4blue, a leader in wind propulsion systems, has closed a $44 million funding round backed by leading maritime corporates, ship owning families, climate-focused investors and government capital. The round was led by OCTAVE Capital, an investment platform affiliated with major shipowner: IMC, and Katapult Ocean. The round brings together new investors including Motion Ventures, Odfjell family office and ReOcean Fund, led by the Prince Albert II of Monaco Foundation and Monaco Asset Management…

Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters.The world's largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas player, especially in the United States, where LNG capacity is set to almost double over the next four years. It has already signed deals with other U.S.

The catastrophic implosion of the Titan submersible that killed five people in 2023 could have been prevented, a US Coast Guard investigative board found on Tuesday, calling the vessel’s safety culture and manager OceanGate's operational practices “critically flawed.”The Titan vanished during a descent to the Titanic wreck on a tourist expedition, losing contact with its support ship. After a tense four-day search, its shattered remains were discovered strewn across the seabed 1…

A Yemeni Houthi official said on Sunday that the Iran-aligned group's response to the U.S. attack on Iran was "only a matter of time."Mohammed al-Bukhaiti, a member of the Houthi movement's political bureau, told Al Jazeera Mubasher TV that its ceasefire deal with Washington was before the "war" on Iran.The group has been launching attacks on shipping lanes and Israel in what it says is in solidarity with Palestinians in Gaza during the Israeli war. It agreed on a ceasefire deal with the United States in May to stop attacking U.S.

The Ice Memory Foundation is preparing for the upcoming transport of ice cores from mountain glaciers to the Ice Memory Sanctuary in Antarctica.The announcement was made as part of the launch of the UN Decade of Action for Cryospheric Sciences (2025-2034) during the third UN Ocean Conference in Nice on June 8.Preserved in the Ice Memory Sanctuary at Concordia Station, the cores will be available for study by future generations of scientists.The first Ice Memory alpine ice cores – extracted between 2016 and 2023 – will leave the laboratory cold rooms of the CNR-ISP in Italy in October.

Britain's Prince William on Sunday called on world leaders and businesses to take urgent action to protect the planet's oceans, saying it was a challenge "like none we have faced before."Speaking ahead of the U.N. Ocean Conference, which begins in France on Monday, William said rising sea temperatures, plastic pollution and overfishing were putting pressure on fragile ecosystems and the people who depend on them."What once seemed an abundant resource is diminishing before our eyes…

In a landmark agreement to decarbonize shipping, JPNH₂YDRO, BeHydro, DAIHATSU INFINEARTH and Mizuno Marine entered into a strategic partnership for the introduction of BEH2YDRO INFINEARTH hydrogen engines in Japan, in the presence of Her Royal Highness Princess Astrid of Belgium.Her Royal Highness Princess Astrid of Belgium, His Royal Highness Prince Lorenz, His Excellency Antoine Evrard, Ambassador of Belgium in Tokyo, His Excellency Masahiro Mikami, Ambassador of Japan to Belgium…

For the first time a fleet of drones will fly crucial supplies between ships of the UK Carrier Strike Group when it deploys to the Indo-Pacific later this month.Alongside its F35B stealth jets and naval helicopters, flagship HMS Prince of Wales’ air group will also consist of nine powerful octo-copters for remotely moving items – food, packages from home and engineering parts – around the task group.The trial of the new systems alongside crewed aircraft is intended to free up…

The port of Prince Rupert has welcomed the startup of Wolverine Terminals’ marine bunkering service for deep sea shipping, adding a key logistical capability to this strategic deepwater port on the west coast of Canada. Using a unique pair of barges designed by Robert Allan Ltd., Wolverine Terminals can deliver a wide range of fuels to suit the needs of vessels calling at the port, including marine diesel, heavy, intermediate, and other blends to individual customer specifications.The Wolverine Terminals fleet is composed of a transloading barge and a fuel delivery (lightering) barge.

DP World has expanded its Green Marine membership by adding the Vancouver, Nanaimo, and Saint John terminals to the program. DP World’s terminal in Prince Rupert has been Green Marine certified since 2013. Doug Smith, CEO of DP World in Canada, said: "We are committed to integrating environmental practices into our operations and continuously improving our sustainability, and we know from our experience with the program that Green Marine will provide us with the tools we need to achieve this ambitious goal."David Bolduc, Green Marine President and CEO said: "We are very pleased to welcome three more DP World terminals in Canada. DP World's…

The American Association of Port Authorities (AAPA) today announced its newly elected Board of Directors and officers who will serve for the 2024-2025 term. These port leaders, representing a diverse range of expertise and regions, are poised to guide AAPA’s efforts to advance the maritime and port industries. The elections occurred October 28 during AAPA’s 113th Annual Convention in Boston, MA, one of the largest gatherings of port professionals in the organization’s history, with over 800 attendees. The newly elected officials include: • Chair of the Board: Chett Chiasson, Executive Director, Greater Lafourche Port Commission (GLPC): Chiasson has 17 years of experience at GLPC…

The BC Maritime Employers Association said it would lock out workers on Monday at Canada's Port of Vancouver after a negotiating deadline passed, potentially disrupting exports of coal, potash and beef.The association, which includes private-sector waterfront employers, said it would lock out foremen and other members of International Longshore and Warehouse Union Local 514 at the country's largest port starting at 4:30 Pacific time (0030 GMT). A 13-day strike last year disrupted more than C$6 billion ($4.32 billion) in trade at the British Columbia ports of Vancouver and Prince Rupert.The employers association said last week the potential lockout of more than 700 foremen was preventative as the unit representing them had issued a strike notice for Monday.

Unionized workers started an unlimited strike at two terminals of the port of Montreal on Thursday amid stalled talks on a new labor contract, the employers' association said. The strike affects two terminals operated by Termont, which handle about 40% of the port's container traffic and roughly 15% of the port's overall cargo volume. Separately, Port of Vancouver foremen will be locked out on Monday unless they scrap a proposed strike, employers at Canada's biggest port said on Friday, but grain handling would not be affected.Addressing the Montreal situation, the Maritime Employers Association called on federal Labour Minister Steven MacKinnon to intervene to bring parties back to the negotiating table.

Land access to a vital supply port in the Haitian capital of Port-au-Prince is being closed off after attacks by armed gangs, operator Caribbean Port Services (CPS) said on Thursday."CPS will shut its barriers to all types of land-based traffic from Sept. 26 to Sept. 29," it said in a statement, saying that the suspension should allow the army and national police to secure the area.A shipping official told Reuters this week that ships were being shot at, preventing them from docking and unloading containers…

Land access to a vital supply port in the Haitian capital of Port-au-Prince is being closed off after attacks by armed gangs, operator Caribbean Port Services (CPS) said on Thursday."CPS will shut its barriers to all types of land-based traffic from Sept. 26 to Sept. 29," it said in a statement, saying that the suspension should allow the army and national police to secure the area.A shipping official told Reuters this week that ships were being shot at, preventing them from docking and unloading containers…

Incat Tasmania has acquired a 12-hectare site in the Derwent Valley, located north-west of Hobart, Australia, to double its current shipbuilding capacity and workforce.The expansion plan for the site includes the construction of a 240 x 120meter production facility, with capacity to construct three large ships at one time.Incat CEO Stephen Casey said: “Incat is leading the industry by building the world’s largest electric ferry, and our goal over the next 5-10 years is to build on that success and produce multiple electric ships for the global market while expanding our workforce.

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days, below what many OPEC+ members need to balance their budgets. Worries over slow demand growth in top oil importer China have weighed on prices alongside rising oil stocks in developed economies.The Organization of the Petroleum Exporting Countries and allies led by Russia…

EDGE and Fincantieri have formalized the launch of a joint venture dubbed MAESTRAL, a JV created in the shipbuilding sector based in Abu Dhabi. The JV is aiming to capture global opportunities in the design and manufacturing of naval vessels. EDGE holds a 51% stake in the JV, with pre-emptive rights for non-NATO orders along with a number of strategic orders placed by selected NATO member countries, with a commercial pipeline of orders estimated to be worth around $32.6 billion.The…

Bellingham, Wash. shipbuilder All American Marine (AAM) has delivered a new high-speed and long-range eco-tour vessel to Phillips Cruises and Tours. The vessel will operate daily in Prince William Sound and will be based out of Whittier, AlaskaDeveloped by Nic de Waal of Teknicraft Design in Auckland, New Zealand, the Chugach Express boasts an 84.5’ x 30.7’ semi-displacement aluminum catamaran hull.The new sightseeing vessel integrates the signature Teknicraft Design symmetrical and asymmetrical combined hull shape, bow wave piercer, and a patented hydrofoil-assisted hull design.

Anacortes, Wash. shipbuilder Dakota Creek Industries (DCI) has delivered a new state-of-the-art oil spill response barge to Alyeska Pipeline Service Company for operation in the coastal waters of Alaska.The barge, named Allison Creek, is specifically designed by Elliot Bay Design Group (EBDG) to meet the rigorous requirements in Prince William Sound. Allison Creek has a capacity of 13,600 barrels, an overall length of 200', beam of 42', depth of 16' and is outfitted with a deck crane and on-deck houses to store emergency response equipment.The barge is certified by the U.S.

Global industry leaders from North America, Asia and Europe have announced the formation of the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will work together to decarbonize the value chain for commodities between North America and Asia.The NPGCC will apply its collective expertise to develop a corridor for the decarbonized transportation of multiple commodities, including agricultural products, metal concentrates and steelmaking coal.The members of the NPGCC are committed to establishing the consortium as a catalyst for decarbonization efforts…

French shipping group CMA CGM said on Friday it was suspending its calls at Port au Prince due to the worsening security situation in the Haitian capital.The group, one of the world's largest container lines, will call at Lafito, 20 km from Port au Prince, as an alternative, while also continuing to call at Cap Haitien as usual, CMA CGM said in a customer advisory.(Reuters - Reporting by Gus Trompiz, Editing by Ingrid Melander)

Royal Caribbean Group has suspended cruise visits to Labadee, a secluded peninsula in Haiti, for the next seven days following months of escalating gang violence in the country, a senior company executive said in a Facebook post on Thursday.The company will continue the suspension as required with three days advance notice to guests sailing on impacted itineraries, Royal Caribbean International President and CEO Michael Bayley said.Violence by powerful armed gangs had gripped Haiti, causing thousands to flee their homes, after anti-government protests broke out early in February.The violent cl