Singapore Leads Table-Top Oil Spill Response Exercise
The Maritime and Port Authority of Singapore (MPA) has conducted a table-top exercise with Indonesia and Malaysia to enhance regional coordination and strengthen response capabilities for oil spills. The exercise brought together over 20 representatives from MPA, Indonesia’s Directorate General of Sea Transportation, Malaysia’s Environment Department, and oil spill response experts from ITOPF.As part…
Captain Steered Ship Straight onto Rock
An anchor chain failure, followed by a navigation failure, led to the grounding of the cargo vessel Bonnie G in the Caribbean Sea, the National Transportation Safety Board (NTSB) has concluded.On October 4, 2023, the Bonnie G was anchored, waiting out poor weather about 1 mile south of St. Thomas, U.S. Virgin Islands, when its anchor chain parted and the vessel began to drift toward land.As the captain attempted to navigate the vessel away from shore…
Potomac River: Safety of Navigation Fully Restored
The section of the Potomac River affected by the Jan. 29 midair collision of an American Airlines regional jet and a U.S. Army Black Hawk helicopter near Washington’s Ronald Reagan Washington National Airport has now been fully restored, six days ahead of schedule.After aiding in initial rescue and recovery operations, 49 US Army Corps of Engineers subject matter experts worked alongside more than 2…
Houthis Ready to Escalate Attacks
Yemen's Iran-backed Houthis, who control most of western Yemen including the capital, are ready to mount attacks on Israel if it resumes its assault on Gaza and does not commit to the ceasefire deal, the group's leader Abdulmalik al-Houthi said on Tuesday.The Houthis had attacked Israeli and other vessels in the Red Sea, disturbing global shipping lanes, in what they said were acts of solidarity with Gaza's Palestinians during Israel's war with Hamas."Our hands are on the trigger and we are read
US Angers China by Sailing Destroyer Through Taiwan Strait
Two U.S. Navy ships sailed through the sensitive Taiwan Strait this week in the first such mission since President Donald Trump took office last month, drawing an angry reaction from China, which said the mission increased security risks.The U.S. Navy, occasionally accompanied by ships from allied countries, transits the strait about once a month. China, which claims Taiwan as its own territory, says the strategic waterway belongs to it.China's military said the two U.S.
Aiviq becomes USCGC Storis, to be based in Juneau
![The Coast Guard on Dec. 20 completed acceptance of the motor vessel Aiviq from an Edison Chouest Offshore subsidiary. The vessel, acquired Dec. 11 through a $125 million firm fixed-price contract award to Offshore Service Vessels of Cut Off, Louisiana, will enhance U.S. operational presence in the Arctic and support Coast Guard missions while awaiting delivery of the polar security cutter (PSC) class.) [Credit: Edison Chouest Offshore]](https://images.marinelink.com/images/maritime/w100h1500/the-coast-guard-on-dec-156960.jpg)
The Coast Guard gets its first new polar icebreaker in more than 25 years.The Coast Guard has accepted its first new polar icebreaker in more than 25 years, but it’s not really new. The 12,900-ton, 360-foot Anchor Handling Tug Support Ship (AHTS) Aiviq was acquired by the Coast Guard and renamed USCGC Storis (WAGB 21).According to a Coast Guard statement, “On Nov. 20, the Coast Guard purchased the M/V Aiviq…
Navy Shipbuilding is in Focus, but Hegseth wants to Boost Overall Defense Spend
U.S. Defense Secretary Pete Hegseth said he wanted to increase overall U.S. defense spending and played down concerns over a pending audit by Elon Musk aimed at finding billions of dollars in waste at the Pentagon.Speaking in Germany during his first trip overseas, Hegseth said he had already been in touch with Musk and expressed confidence in the effort to find billions in cost-cutting and to make…
US Oil Output Projection Raised for 2025, says EIA
U.S. oil production is expected to reach new heights in 2025, surpassing earlier projections, according to the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook. The EIA now forecasts U.S. crude oil production will average 13.59 million barrels per day (bpd) in 2025, up from its previous estimate of 13.55 million bpd.Despite this upward revision in production, the agency has kept its forecast for U.S.
Euroseas Secures Finances for Containership
First Citizens Bank's Maritime Finance business provided $26 million in financing to Euroseas Ltd., enabling the container shipping company to add a newly built 2,800 TEU ECOcontainership to its fleet.Euroseas (NASDAQ: ESEA) was formed in 2005. It owns and operates carrier vessels and provides seaborne transportation for containerized cargoes. The company owns a fleet of 24 vessels on the water, including 17 feeders and seven intermediate containerships…
Cable Recovery Vessel ‘Maasvliet’ Delivered
Holland Shipyards Group announced the delivery of the Maasvliet, a specialized cable recovery vessel, to Hartel Shipping & Chartering, part of Hudig & Veder Group. Maasvliet, measuring 90.6 meters in length and 13.2 meters in width, is designed to support offshore cable recovery operations efficiently. The vessel will be on long-term charter to Subsea Environmental Services and deployed for vital cable projects over the coming years.Maasvliet is equipped with advanced cable management systems…
DESMI Acquires Nordan Marine
DESMI, a global leader in pump and flow solutions, acquired Nordan Marine, a provider of service and repair solutions for cargo and fuel handling systems in the maritime sector. The move aims to bolster DESMI’s presence in the maritime industry, particularly in the growing market for LPG, LEG carriers, LNG, and alternative fuel-capable vessels.The acquisition aligns with DESMI's strategy to expand its gas cargo and fuel pump solutions portfolio…
Next Ocean Wins Investment to Scale Wave-by-Wave Ship Motion Prediction
Next Ocean, a pioneer in Vessel Motion Radar technology, has secured Seed Investment from Arches Capital to drive its expansion and enhance maritime safety worldwide. This funding will accelerate Next Ocean’s growth, enabling the company to scale production, expand into new markets, and further develop its predictive radar technology.Over the past years, Next Ocean has successfully delivered numerous Vessel Motion Radar systems to leading companies in the Offshore Wind and Oil & Gas industries.
Shipping Number of the Week: Regional Container Trade Imbalances Surge by 33%
“Since 2019, the global container market has grown 8%, ending at 183.2m TEU in 2024, according to Container Trade Statistics. However, growth has been very uneven, and regional imbalances between exports and imports have increased by 33%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.In 2019, regional imbalances totaled 58.8m TEU, equal to 52% of inter-regional trade, but grew to 84.9m TEU and 70% in 2024.
Inside Vietnamese Shipbuilding: Challenges and Opportunities
While many economic sectors were affected by the COVID-19 pandemic, Vietnam's shipbuilding industry continued to grow, affirming its strong and growing position in the international space. Vietnam's shipbuilding industry achieved many accomplishments in 2024 with the construction, launching and delivery of many specialized ships, contributing to the world's fleet, operating on global shipping routes.By 2030…
Securing the Deep: Business Opportunities in Subsea Defense
As global reliance on subsea infrastructure grows, so do the risks. Discover how safeguarding undersea assets opens new frontiers for innovation and investment.Importance of Subsea InfrastructureSubsea infrastructure plays a critical role in maintaining the operational continuity of the modern society and the global economy. This vast network includes subsea data and communication cables, pipelines for energy transportation, electricity cables, and resource extraction systems.
Belships Reports Strong Q4, Expanding Fleet
Belships ASA, a leading shipowning company specializing in Ultramax vessels, reported solid financial results for the fourth quarter of 2024, showcasing the growth of its fleet and robust profitability amidst challenging market conditions.:Belships posted an EBITDA of $19.4 million and a net profit of $7.5 million for Q4 2024. Despite a softer freight market, the company achieved a time charter equivalent (TCE) of $15…
Next Ocean Scoops Investment to Scale Up Vessel Motion Radar Tech
Next Ocean, a Dutch developer of Vessel Motion Radar systems for offshore wind and oil and gas industries, has secured seed investment from Arches Capital to drive its business expansion.This funding will accelerate Next Ocean’s growth, enabling the company to scale production, expand into new markets, and further develop its predictive radar technology.Over the past years, Next Ocean has delivered…
