Billions in Lost Treasure: How Modern Technology Is Revealing Hidden Riches from the Depths!
Oceans worldwide hold untold riches hidden beneath the waves. Now treasure hunters are using cutting-edge technology to explore them, discovering some of history's most treasured sunken finds from Caribbean waters to Arctic depths rewriting maritime history and uncovering fortunes lost at sea.According to estimates by marine archaeologists and treasure hunting experts, the value of treasure lying beneath the waves could range anywhere between $60 billion to over $100 billion.
US Military Strikes 15 Houthi Targets in Yemen
The U.S. military said it carried out 15 strikes on Friday against targets linked to Iran-aligned Houthi fighters in Yemen, where residents reported blasts at military outposts and even an airport.Central Command, which oversees U.S. forces in the Middle East, said the targets were tied to Houthi offensive military capabilities, but did not detail whether that included missile, drone or radar capabilities.In a post on X…
Eastern Shipbuilding Cuts First Steel for New Fisher Island Ferry Vessel
Panama City, Fla. based shipbuilder Eastern Shipbuilding Group (ESG) on Friday announced it has officially cut first steel for the new Fisher Island Ferry, Falcon, at its Allanton Facility.The Elliott Bay Design Group-designed auto and passenger ferry will be constructed at ESG’s Allanton and Port St. Joe facilities and is expected for delivery in Spring 2026. The 152-foot (loa) vessel will have capacity…
US Port Strike Throws Spotlight on Big Union Foe: Automation
A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation's ocean shipping this week ended on Thursday, but a key issue driving labor unrest across the continent - the growing use of automation - was unresolved.Companies view automation as a path to better profit while unions see it as a job-killer. For North American dockworkers battling automation, Europe's port worker contracts may point a way to resolve the issue.Some 45…
Shipping Stocks Battered After US Port Strike Ends
Shares in shipping companies fell heavily in Europe and Asia on Friday after workers and U.S. port operators agreed a deal to end a strike on the East and Gulf coast docks far sooner than expected.In early trading in Europe, shipping group A.P.
New Tug Delivered to KST Maritime in Singapore
KST Dragon, a RAmparts 2500-CL ship handling and escort tug, arrived in her home port of Singapore on September 11, 2024. The vessel will soon commence operations for KST Maritime, a subsidiary of Italian parent company MedTug SpA.The RAmparts 2500-CL design was developed by Canadian naval architecture firm Robert Allan, Ltd. in collaboration with builder, Cheoy Lee Shipyards of Hong Kong, and has been a successful series since 2018.
U.S. Port Strike Settled— What happens next?
The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) announced in an historic development for U.S. maritime industry that they had reached a tentative agreement which officially ends the longshoremen strike that had significantly disrupted East and Gulf Coast ports. After weeks of negotiation, the ILA secured a 62% wage increase over six years for its 47,000 members over this resolution; ending labor unrest that had brought critical U.S.
US Port Strike Leaves Huge Cargo Backlog In Its Wake
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.The strike ended sooner than investors had expected, weakening shipping stocks across Asia on Friday as freight rates were no longer expected to surge.At least…
Meyer Turku Floats Out Royal Caribbean’s Star of the Seas
Finnish shipbuilder Meyer Turku has floated out Star of the Seas, the second Icon-class cruise ship for U.S. cruise giant Royal Caribbean.The float out was celebrated at the Turku, Finland shipyard with an event that included the firing of a ceremonial cannon. The dry dock gates were opened, and the dry dock—measuring 16 meters deep, 80 meters wide and 365 meters long—was filled with water, a 9-hour process.
Great Lakes Limestone Trade Up 9.4%
Shipments of limestone on the Great Lakes totaled 3.8 million tons in September, an increase of 9.4% compared to a year ago, according to latest figures from trade group the Lake Carriers’ Association (LCA). Limestone cargos were also above the month’s 5-year average by 4.5%.Loadings from U.S. quarries totaled 3.1 million tons, an increase of 10.6% from 2023. Shipments from Canadian quarries totaled 678…
AUKUS Experiment: Navies Control Ships from 10,000 Miles Away
The navies of Britain, Australia and the U.S. were able to control uncrewed ships in Australia while sitting more than 10,000 miles away in Portugal as part of a series of military experiments, Britain's Royal Navy said on Friday.The AUKUS security pact between the three nations, which aims to counter China's growing influence in the Indo-Pacific region, is helping bring new military technology to the frontline at an "unprecedented" pace…
MOL to Consolidate Business Units to Form Maritime Technical Hub
Mitsui O.S.K. Lines (MOL) has announced plans to merge its three subsidiaries focused on maritime technology and engineering to form a professional technical hub focused on maritime industry and decarbonization.In an absorption merger move, MOL will unite MOL Marine & Engineering (MOLMEC), MOL Ocean Expert, and MOL Ship Tech, effective April 1, 2025, with MOLMEC as the surviving company.The new company…
Sea1 Offshore Secures Work for AHTS Fleet in Australia
Norwegian offshore vessel owner Sea1 Offshore, formerly Siem Offshore, has secured a multi-well project for three anchor handling tug supply (AHTS) vessels in Australia.The contract begins in second to third quarter of 2025, for a firm period of around 380 days up to 670 days per vessel.No additional details have been revealed, but Sea1 Offshore said the vessels will be servicing a consortium of local operators with various drilling and decommissioning projects.One of the vessels will be from Vi
