US Issues Sanctions After Iranian Oil Shipment
The U.S. Department of Treasury on Wednesday sanctioned more than a dozen entities and vessels over their involvement in the shipment of Iranian crude oil and liquid petroleum gas to Syria and East Asia on behalf of the Iran's Revolutionary Guards and Hezbollah.Four ships associated with the fleet of Syrian shipping magnate Abdul Jalil Mallah, who was sanctioned by the U.S. in 2021, and his brother…
Japanese First as Destroyer Sails Taiwan Strait
Japan's Self Defense Force patrolled the Taiwan Strait on Wednesday for the first time in an attempt to send a message to China, the Yomiuri newspaper, reported citing multiple government sources.SDF destroyer Sazanami entered the waters from the East China Sea on Wednesday morning, spending more than 10 hours sailing southward to complete the passage, the Japanese newspaper reported on Thursday.The passage was conducted in concert with naval ships from Australia and New Zealand…
2024 World Maritime Day: Fifty Years of SOLAS
The IMO is celebrating World Maritime Day on 26 September by highlighting the importance of safety at sea in an era of significant transformations and new risks and 50 years since the adoption of the International Convention for the Safety of Life at Sea (SOLAS).SOLAS was first adopted in 1914, in response to the Titanic disaster. It is widely recognized as the most important international treaty on maritime safety. The Convention in force today was adopted on November 1, 1974.
Steamship Authority GM Robert Davis to Step Down
Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority general manager Robert B. Davis announced he will step down from his role at the helm of the agency in approximately one year and transition into an advisory capacity.Davis, who was appointed general manager in 2016 and began in the role in 2017, made the announcement at the Board’s monthly meeting, which was held on Nantucket.The Authority…
November Elections an Inflection Point for US Offshore Wind
We are fast approaching a potential inflection point for the U.S. offshore wind industry, the November 2024 elections.On the positive side of the scale, federal and state leases supporting approximately 63 gigawatts (GW) of offshore wind capacity have been awarded to developers on the East Coast, Pacific Coast and Gulf of Mexico. Further, this year the government plans to auction floating wind sites…
New LNG Carrier Delivered to Maran Gas
Late last week, Maran Gas Maritime took delivery of the newly built liquefied natural gas (LNG) carrier Maran Gas Antibes from South Korean shipbuilder Samsung Heavy Industries (SHI). The vessel will operate on long-term charter to TotalEnergiesHanded over on September 20, the newbuild is part of the Angelicoussis Group’s larger order with SHI that includes four LNG dual-fuel very large cruse carriers (VLCC) and three LNG carriers.According to the Angelicoussis Group…
SU Navigation Joins the SNAPS Pool
Stolt Tankers announced the expansion of its Stolt NYK Asia Pacific Services (SNAPS) pool with the addition of a vessel from SU Navigation, in partnership with NYK Line and ENEOS Ocean.Maren Schroeder, President, Stolt Tankers, said “By adding tonnage from SU Navigation, a top-tier platform, Stolt Tankers reinforces its commitment to delivering superior value in a competitive market.“Combining the…
Drug Gang Used Commercial Ships & Chinese Money Brokers, Italian Police Says
Italy police said on Wednesday they had arrested 61 people across four countries and seized 60 million euros ($67.1 million) following an investigation into international drugs trafficking and money laundering.The case had revealed criminal drugs ties between Albania and Latin America, and once again showed how criminals in Europe are using shadow networks of illicit Chinese money brokers, police said.Finance police in the northern city of Brescia said 400 officers had carried out the arrests an
Bill Sanson Joins LeeWay Marine as President
LeeWay Marine, a Dartmouth, Nova Scotia based owner and operator or survey and research vessels, announced Bill Sanson will be joining the team as President, taking on the day-to-day oversight of LeeWay operations.Sanson comes to LeeWay from the Royal Canadian Navy and brings a wealth of knowledge and expertise in the maritime domain. “With his extensive marine background, deep operational experience and fresh perspective…
Hildyard to Lead Operations for Raymarine and FLIR Maritime
Marine electronics company Raymarine announced Michelle Hildyard as the Vice President of Operations, responsible for managing supply chain, engineering, product management and operational functionsHildyard brings to the position 19 years of experience in the marine industry, all within Raymarine and FLIR. Her previous roles within the company include Supply Chain Manager, Commercial Director, Vice President of Customer Service…
Trafigura Names Richard Holtum CEO
Richard Holtum will take over as chief executive of global trading house Trafigura from Jan. 1 next year, the company said on Tuesday.Holtum will take over the helm at a time when trading firms are set to see reduced profits following windfall years after the COVID-19 pandemic, while sharp equity growth in recent years will also mean hefty expenses in paying out departing shareholders.Holtum becomes the group's third ever CEO after around 10 years at the company.
Betting on Dry Bulk: Newbuild Market Stands Strong in Q3
In its Q3 Dry Bulk report, Maritime Strategies International (MSI) estimates dry bulk newbuilding orders in the first eight months of the year above 25m dwt, with the potential for further upside on the back of late-reported deals. Despite a slight August lull, second-hand bulker values remain firm.MSI expects more than 30m dwt of dry bulk capacity to be delivered in 2024, with the orderbook forecast to rise still further by the end of the year…
Shippers Race to Find Alternatives as US Port Strike Looms
U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains and reignite inflation ahead of the U.S. presidential election."This is just another headache after everything else we've been dealing with," said Kenneth Sanchez, CEO of Chesapeake Specialty Products…
Vattenfall and BASF Pick Havfram for Nordlicht Offshore Wind Cluster Job
Havfram, a provider of transport and installation services for the offshore wind industry, has been awarded a contract by Vattenfall and BASF for their Nordlicht offshore wind farm cluster.The Nordlicht wind farm zone, located 85 kilometers north of the island of Borkum in the German North Sea, consists of two separate sites: Nordlicht I, with an expected capacity of 980 MW, and Nordlicht II, with an expected capacity of 630 MW.For Nordlicht I…
DNV Acquires CyberOwl
DNV acquired CyberOwl, a global presence in cyber risk monitoring and threat management onboard maritime vessels, which comes at a time when maritime must comply with a wealth of new cyber security regulation and invest in incident detection, response and recovery as increasing implementation of digitally connected systems onboard vessels create new vulnerabilities. CyberOwl provides vessel operators with analytics to identify…
