Greece to Buy Four New Submarines
Greece will spend more than 25 billion euros in arms procurements by 2036, including new submarines, drones, satellites and fighter jets, under a 12-year plan to be submitted to parliament in the coming weeks, three officials with knowledge of the plan told Reuters.The move is part of Greece's bid to modernise its armed forces as it emerges from the 2009-18 debt crisis that led to years of austerity…
Chairman Wicker Says CR Defense Spending Inadequate
U.S. Senator Roger Wicker, R-Miss., the Chairman of the Senate Armed Services Committee, has offered his perspective on the need for additional defense spending to account for the continuing resolution’s (CR) inadequate funding for the military.In his remarks, Wicker noted that even a CR with significant anomalies cannot make up for a real decrease in military spending. The Chairman added that frequent…
ABS Approves Hanwha Cybersecurity Solution
ABS issued a Type Approval for IACS UR E27 cyber resilience requirements to Hanwha Systems for its cybersecurity solution, SecuAider®.Hanwha Systems’ SecuAider® is a software solution that offers protection to a vessel’s data and networks from advanced cyberattacks, such as ransomware and malware.The ABS E27 certification is part of the ABS Cyber Resilience Program that evaluates a range of digitally enabled systems and equipment…
Panama Canal Fees Drop as Capacity Recovers
Fees for vessels to pass through the Panama Canal this year are 15% below last year's levels as the waterway now has more capacity to move cargoes, the head of the Panama Canal Authority, Ricaurte Vasquez, said on Wednesday in a video conference.A severe drought between late 2023 and early 2024 forced the world's second busiest waterway to impose passage restrictions that prompted long waiting lines and higher transit fees.
Video Captures Ship Impact on Stena Immaculate
Newly released video footage captured by advanced AI-powered cameras has provided crucial insights into the collision between the container ship MV Solong and the U.S.-flagged tanker Stena Immaculate off the port of Grimsby earlier this week.The footage, recorded by Orca AI’s SeaPod lookout unit mounted on the anchored tanker Ionic Aspis, reportedly shows the exact moment of impact. The recordings include two separate videos: one from the system’s day cameras…
Exodus: The EV Car Effect in Poorer Countries
It had been at least 15 years since I last had a job in Jamaica, but a recent job gave me the chance to have another look at this enigmatic but super interesting country. I have always been fascinated by Jamaica; it struggles like many other poorer nations, but with good beer, great coffee, great food and great music, to me, it always offers something more. Because it is somewhat difficult (and occasionally even dangerous) to get around…
Fire Contained, Most Jet Fuel Intact on Stena Immaculate
The majority of the jet fuel aboard the U.S.-flagged tanker Stena Immaculate remains secure despite a collision with a container ship off the British coast, the tanker's owner, Stena Bulk, reported on Wednesday. Only two of the vessel’s 18 fuel tanks have leaked.The incident occurred on Monday when the Portuguese-flagged container ship Solong struck the Stena Immaculate, which was carrying jet fuel for the U.S. military.
The Caravel Group acquires India's International Maritime Institute
Dr. Harry S. Banga and Mr. Angad Banga of The Caravel Group announced their acquisition of the International Maritime Institute (IMI), a maritime academy. In addition to its commitment to future seafarers, the Group will leverage IMI’s capabilities to strengthen the training available to its 28,000-strong global workforce, ensuring that present officers, crew members and onshore professionals remain at the forefront of industry advancements.
Gall Thomson: 21 MBC Activations in 2024
Gall Thomson said there were 21 known activations of its Marine Breakaway Couplings during 2024. The activations occurred in nine different countries around the world.On each occasion, the Marine Breakaway Coupling (MBC) operated exactly as expected, the company reports. Oil spill pollution, injuries and damage to assets such as hoses, equipment and vessels were avoided. There were no spurious activations…
NexusWave Achieves Maximum Download Speeds
Inmarsat Maritime, a Viasat company, verified its fully managed bonded connectivity service, NexusWave, achieved maximum download speeds of 330–340 megabits per second, with maximum upload speeds of 70–80 Mbps, in real world tests. The trials demonstrated average download and upload speeds of 120–150 Mbps and 20–45 Mbps respectively, with network availability on board NexusWave vessels over 99.99%.Unlike…
Baltic Exchange adds Green Fuel Options to Cost Calculator
Baltic Exchange introduced a series of green fuel options to its FuelEU voyage and compliance cost calculator as more shipowners, traders and charterers seek to understand the commercial implications of this regulation on their voyage costs.Biodiesel, bio-LNG, bio-LPG, green methanol, green hydrogen and green ammonia have all been added to the calculator, either as green fuel or blend options. Baltic…
SAAM Reports '24 Results
SAAM (SM SAAM) reported net income from continuing operations of $59.2 million for 2024, EBITDA of $188 million (+17% vs. 2023) and revenue of $578 million (+7%). During the year it also completed the process of integrating the assets acquired from Starnav in Brazil and Pertraly in Ecuador. It also reported net income from discontinued operations of $479 million from its port terminal and inland logistics operations sold in August 2023.
ICS Academy Provides E-learning for Shipping Companies
The International Chamber of Shipping (ICS) Academy provides a platform to harness the collective experience of more than 80% of the world's shipping fleet. Developed by seafarers for seafarers, the Academy provides on-the-go access to practical e-learning that helps shipping companies ensure best practices and regulatory compliance on board.The Academy complements ICS Publications, giving crew access to onboard procedures and training that work together cohesively.
Tokyo Attracts Industry Leaders for Japan Energy Summit 2025
The Japan Energy Summit & Exhibition 2025 Executive Committee convened in Tokyo under the leadership of Nobuo Tanaka, Executive Director Emeritus, International Energy Agency (IEA), to define the event’s agenda and assess the challenges shaping Japan’s energy future.As Japan navigates LNG supply uncertainties, decarbonization targets, and evolving global energy partnerships, the Pre-Summit Industry Panel…
Hanwha Ocean Cuts First Steel for Eight New Nakilat’s LNG Carriers
Qatar Gas Transport Company (Nakilat) has held a steel cutting ceremony for eight of its new liquefied natural gas (LNG) carriers at Hanwha Ocean shipyard in the Republic of Korea.These vessels are part of Qatar’s historic LNG fleet expansion project, aimed at meeting the maritime transport needs of the LNG sector.In February 2024, Nakilat signed agreements with QatarEnergy to charter and operate 25 conventional-size LNG carriers…
Russian Strike on Grain Vessel in Odesa Port Kills Four
A Russian missile attack on Tuesday damaged a grain vessel in the Black Sea port of Odesa, killing four people, Ukrainian authorities said.A ballistic missile struck the MJ Pinar bulk carrier that was loading wheat for Algeria, killing four Syrian nationals and injuring one other Syrian and a Ukrainian, Ukraine's Deputy Prime Minister Oleksiy Kuleba said on Telegram."Russia is attacking Ukraine's infrastructure…
Odfjell’s Chemical Tanker BOW Olympus Gets bound4blue’s Wind Propulsion
bound4blue and Odfjell have partnered to complete the first installation of a wind propulsion system for the chemical tanker specialist, with four of bound4blue’s eSAILs retrofitted on the 49’k dwt Bow OlympusThe 22-meter-tall suction sails will help the advanced vessel achieve significant fuel savings, unlocking commercial, environmental and regulatory advantage. A tailored two-step installation process was deployed to accommodate the vessel’s schedule…
Construction BS Offshore's New CSOV Enters Next Phase
The hull for Bernhard Schulte (BS) Offshore’s new Commissioning Service Operation Vessel (CSOV) has arrived at Ulstein Verft’s shipyard, marking the start of new phase in the shipbuilding process.The vessel is designed by Ulstein Design & Solutions for ‘walk-to-work’ (W2W) operations, where personnel walks via a motion-compensated gangway from the ship to a wind turbine.While the hull has been under construction at the CRIST yard in Poland…
TMC to Deliver Equipment for Genting’s FLNG Unit
TMC Compressors (TMC) has secured a contract to deliver a large capacity marine compressed air system to the large floating liquefied natural gas (FLNG) unit that Wison New Energies is building for Malaysia-based Genting.TMC will deliver its scope as a subcontractor to Jereh Offshore, which is a China-based engineering technology and service company to the offshore industries.As part of its scope of supply…
Salvage Ops Set to Begin as Fire Diminishes on Stena Immaculate Tanker
A fire onboard the Stena Immaculate oil tanker has greatly diminished with no visible flames, as initial salvage activities begin in the North Sea, the manager of the vessel Crowley reported.Crowley said it is working closely with U.K. agencies to support the incident response, salvage and environmental impact mitigation operations resulting from container ship Solong striking the tanker Stena Immaculate while at anchor on Monday…
- 1
- 2
