Galp Energia Seeks Namibia Oil and Gas Partner
Portugal's Galp Energia has resumed talks with potential partners as it seeks to develop a discovery in Namibia, the company said on Monday after reporting a 29% drop in adjusted first-quarter core profit.In February, Galp said it had found a significant presence of light oil and gas condensate in a fifth well in the Mopane field offshore Namibia.Co-CEO Maria Joao Carioca said the well "unlocked a…
Philippines: China Has Not Seized Disputed South China Sea Reef
The Philippines said on Monday there was no truth to news reports that Beijing has seized control of a disputed reef in the South China Sea, after its personnel landed on the unoccupied sandbars and found no Chinese presence there.Chinese state broadcaster CCTV on Friday said its coast guard had landed on Sandy Cay as part of maritime control operations to exercise its sovereignty. It did not say China…
Estonia Releases Russia-Bound Oil Tanker
Estonia has released the oil tanker Kiwala, which is on an EU sanctions list, having detained it for sailing without a valid country flag.The Estonian navy detained and boarded the Russia-bound tanker on April 11.
South Korean Firms Issue Tender for June LNG Cargo Delivery
South Korean firms Korea Midland Power Co (KOMIPO), Korea Southern Power Co (KOSPO) and SK subsidiary PRISM Energy International have issued a tender for one liquefied natural gas (LNG) cargo for delivery in June.According to a tender issued by KOMIPO, which is leading the tender process, the buyers are seeking 3-3.6 trillion British thermal units (Btu) of LNG on a JKM-linked and delivered ex-ship (DES) basis.The cargo is to be delivered on June 12 or June 23 to one of the Kogas-operated termina
Reviving a Heavy-Lift Giant: Xenos Marine's TX-10000 is Ready for Duty
One of the most powerful heavy-lift vessels ever built is entering a new chapter under U.S. ownership, reconditioned for major offshore work in the Gulf of America. Renamed the TX-10000, this twin-gantry catamaran is at the center of Xenos Marine's mission to expand domestic heavy-lift and decommissioning capabilities, following a major refit at Gulf Copper Ship Repair. The TX-10000, previously known as the VB-10000…
Legal Beat: U.S. Non-Contiguous Domestic Trade: Barge, Inland & Water Transportation
The U.S. inland waterway system is a critical and underutilized component of the domestic supply chain that serves non-contiguous markets originating in or destined for Alaska, Hawaii, and U.S. territories and possessions. For transportation service providers and shippers that operate in the domestic trade of the U.S., ocean carriers, barge operators, and inland waterway providers can offer cost-effective…
Odyssey Marine Exploration Welcomes New Executive Order for Deep Sea Mining
Odyssey Marine Exploration, Inc. is pleased to see the issuance of a new Executive Order titled Unleashing America’s Offshore Critical Minerals and Resources. In addition, the company confirms that it currently has no specific plans to issue any securities under its universal shelf registration statement on Form S-3, which has been declared effective by the Securities and Exchange Commission (SEC) and provides Odyssey with the flexibility to access the capital markets in a timely manner.
CMT Warns Against AI Dependence in Engine Monitoring, Human Engineers Remain Critical
Condition Monitoring Technologies (CMT) has cautioned against placing sole reliance on artificial intelligence in ship condition monitoring, warning that human expertise remains essential to ensure safety and accuracy in maritime operations.As the shipping industry rapidly adopts AI-driven systems for machinery testing and diagnostics, CMT acknowledges the growing potential of these technologies to process vast quantities of data and assist with condition monitoring tasks.
Navantia UK Appoints New Chief Commercial and Business Development Officer
Navantia UK has announced the appointment of Derek Jones as Chief Commercial and Business Development Officer.Jones brings over 30 years of experience in the defense sector to Navantia UK, including leadership roles at Babcock International Group, BAE Systems, and GEC Marconi. Most recently, he served as Managing Director of the Type 31 Frigate Program at Babcock, where he led a USD$2 billion (£1.5…
GLO Marine, VMS Group Land Multi-Vessel Retrofit Job for Tidewater
GLO Marine and VMS Group Denmark have secured a multi-vessel retrofit work for offshore support vessel operator Tidewater, expanding their role in the offshore energy sector.Covering 16 vessels across three continents, including several in U.S. waters, the retrofit program marks an important step in both companies’ strategy to provide fleet-scale retrofit solutions to the international offshore vessels…
Ship Recycling Markets Stall
Although some momentum was generated in sub-continent markets over the preceding weeks as the 90-day pause on tariffs was announced, ship recycling markets have remained cautiously stalled, reports cash buyer GMS.“This comes as the ambiguity around U.S.
Livestock Carrier Capsizes Near Yemen
A ship carrying around two thousand sheep capsized in the Gulf of Aden near Yemen on April 25.Media reports indicate the vessel was overloaded, although reports vary on the number of sheep that were onboard. Local fishermen helped rescue the crew and the animals, but many sheep have reportedly drowned.The vessel had departed from Somalia.
Future USNS Sojourner Truth Launched
General Dynamics NASSCO has christened and launched Hull 576, the future USNS Sojourner Truth (T-AO 210), the sixth ship for the U.S. Navy’s John Lewis-class fleet oiler program.T-AO 210 is named in honor of Sojourner Truth, a nineteenth century civil rights activist from New York. In a time-honored Navy tradition, ship sponsor Barbara Allen, a sixth-generation descendant of the ship's namesake, christenrf…
MMA Students Complete Real-World Training in Hawaii
Cadets from Massachusetts Maritime Academy (MMA) have completed a Geological Oceanography field course in Hawaii, an innovative experiential learning course 8,000 kilometers from their Cape Cod campus.Eleven students, majoring in Marine Science, Safety, and Environmental Protections (MSSEP), participated in a rigorous, hands-on educational journey to Hawaii from January 3 to January 17, 2025.Shortly…
Oil Spill Occurs in Louisiana Marshes
The US Coast Guard, operator Spectrum OpCo and the Louisiana Oil Spill Coordinator's Office (LOSCO) have established a Unified Command in response to an oil and gas mixture release in a marsh environment near the Garden Island Bay Production Facility company's well in Plaquemines Parish, southeast of New Orleans, Louisiana.An overflight by an LOSCO aircrew on Saturday confirmed the presence of crude oil.
KERSHIP Begins Construction of OPV for Montenegrin Navy
KERSHIP has launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard in France.The vessels will be named Petar I and Petar II in respect for the sovereign of Montenegro.The OPV 60M, the result of an optimized design, will enable the Montenegrin Navy to carry out a wide range of missions: protection of strategic infrastructure, border control, anti-piracy, sea rescue operations, pollution response, and humanitarian aid.
North Korea Unveils Multi-Purpose Destroyer
North Korean leader Kim Jong Un attended a ceremony for the launch of a "new multi-purpose destroyer", state media KCNA reported on Saturday.The 5,000-tonne warship was equipped with the "most powerful weapons" and built "within 400-odd days perfectly with our own strength and technology", the report said, quoting Jo Chun Ryong, a secretary in the ruling Workers' Party.Kim, in a speech from the launch reported by KCNA…
China Watching CK Hutchison Ports Deal Closely
China's top market regulator said on Sunday it was paying close attention to CK Hutchison's planned sale of most of its port operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review.The sale by the Hong Kong conglomerate, which contains two ports along the strategically important Panama Canal, has become highly politicised amid intensifying U.S.-Sino trade tensions."No concentration of undertakings shall be implemented without approval…
Death Toll from Blast at Iranian Port Rises to 40
The death toll from a powerful explosion at Iran's biggest port of Bandar Abbas has risen to at least 40, with more than 1,200 people injured, state media reported on Sunday, as firefighters worked to fully extinguish the fire.Saturday's blast took place in the Shahid Rajaee section of the port, Iran's biggest container hub, shattering windows for several kilometres around, tearing metal strips off shipping containers and badly damaging goods inside…
Main Iron Works Delivers 10th Vessel for Ingram Marine Group
Benny Cenac Jr.’s Houma based Main Iron Works Company has completed the 10th boat newbuild for Ingram Marine Group. This partnership with Main Iron Works and Ingram began in 2021 and included the construction of 10 new towboats to be completed by the end of 2024. The first towboat, the Adrienne M. Moore was delivered to Ingram on March 30, 2021 with the 10th and last - M/V David North - delivered on January 29, 2025.M/V David North measures 69 x 30 x 10.5-ft.
