News

The Panama Canal Authority is accelerating its efforts to build back capacity at the canal while also providing for increased vessel draft as the region is now in the rainy season. While the canal is returning to normal levels the authorities however warn that the long-term impact of climate variability and the challenges of securing water remain.

The startup Blue World Technologies is reporting it achieved a breakthrough by demonstrating the first high-power maritime fuel cell system to run on green methanol. Maersk is an investor in the company and has committed to the first pilot system installation which is expected in 2026.

During a press briefing on Tuesday in Manila, the Department of Migrant Workers detailed the steps it plans to take to expand its previous directives to the shipping industry to expand the safety protections for its citizens working aboard commercial ships in response to the latest escalations by the Houthi militants in Yemen.

SAS Shipping Agencies Services Sàrl, a wholly owned subsidiary of MSC Mediterranean Shipping Company, reported late today June 26 that it has received more than 93.5 percent of the shares of Gram Car Carriers in its ongoing recommended voluntary cash offer to acquire the company and enter the car carrier business.

The first of the Aurora class of car carriers being built in China for Hoegh Autoliners has begun sea trials ahead of delivery and entry into service in August. With a capacity of 9,100 CEU, the vessel will be the largest yet built and will also be powered by a multi-fuel engine using LNG and ready for methanol or ammonia.

Chinese LNG specialist Wison New Energies has become the first Chinese shipyard to leave the Russian market, abandoning its lucrative role in Novatek's giant Arctic LNG 2 project. The firm announced its decision in a LinkedIn post last week. 

The Vineyard Wind 1 project passed a key milestone today becoming the largest operating offshore wind farm in the United States. Being developed off the coast of Martha’s Vineyard in Massachusetts, project developers Avangrid and Copenhagen Infrastructure Partners celebrated reaching 136 MW on their way to a total capacity of 806 MW.

The pace of uptake for methanol-fueled operations is even surpassing the expectations of the industry from just a few years ago. X-Press Feeders which is preparing for the launch of a methanol-fueled feeder network in northern Europe this year has decided to convert several of its vessels from methanol-ready to methanol operations immediately.

The long-running battle between Damen and the Romanian government over the operations of the Mangalia shipyard on the Black Sea took a new step as a court in Constanta initiated an insolvency procedure.

China's navy is conducting amphibious drills in the South China Sea as tensions rise over control of the Philippine exclusive economic zone,  over five hundred nautical miles away from the Chinese mainland.

South Korea’s Hanwha Group announced a deal to acquire Philly Shipyards, an operation focused on building Jones Act vessels, from the yard’s Norwegian owners Aker Capital. The negotiations had first been reported in October 2023 as the South Korean company looks to expand its foothold in the U.S. market and naval and government shipbuilding.

The world’s total offshore wind capacity has increased by 21 percent over the last 12 months, from 61.5 gigawatts (GW) a year ago to 75 GW, according to a new report by British energy trade group Renewable UK.

The leadership of the Houthis confirmed in a televised speech that its forces had hastened the sinking of the bulker Tutor earlier in the week while making a similar threat to the abandoned bulker Verbena still afloat and drifting in the Gulf of Aden.

Ukrainian media is reporting that the country will restart RoPax ferry service for passengers and cargo in early July to Georgia for the first time since the Russian invasion. It is the latest step to build back exports and foreign trade following the moves in April and May to restart container operations.

The tragic allision of the Dali container ship with the Francis Scott Key Bridge in Baltimore highlights the often-overlooked humanitarian impact of maritime incidents and the mental pressures faced by seafarers.

During the World War II period, shipbuilding rose into one of the most critical sectors for most countries in continental Europe and the U.S. In these regions, shipyards represented the backbone of waterfront businesses, providing a lifeline for many coastal communities.

The domestic inland and coastal cruising market is following the same trends as the overall cruise business showing strong growth. American Cruise Lines, which is the largest small ship and river cruise operator in the U.S. is working to further expand its market share and grow domestic cruising reporting it will build three more cruise ships and bring its total to seven new ships due to enter service by 2026

The UK today announced its first specific sanctions against tankers in the shadow fleet moving Russian oil as part of a broader effort in connection with the G7 nations at the start of the summit in Italy.

Site survey work is set to kick off this month for RWE’s Canopy Offshore Wind project which will be located approximately 20 miles off the coast of Humboldt Country in Northern California. The project will mark several firsts, including a milestone in the development of RWE’s first commercial-scale floating offshore wind farm and the beginning of work on the Pacific and off California after the first U.S. auction in 2022.

In a surprise development, the Budget Committee of the Hamburg Parliament on Tuesday voted to delay its decision on the proposed deal to sell nearly half of Hamburg port operator Hamburger Hafen und Logistik AG (HHLA) to MSC Mediterranean Shipping Company.