U.S. Sanctions Four Shipowners and Hundreds of Suppliers for Russian Ties
The U.S. Treasury is cracking down on the supply network for the Russian invasion of Ukraine with a broad package…
Union Deal Will Send Construction-Industry Welders to U.S. Navy Shipyards
The U.S. naval industrial base is operating short-handed, and a shortage of skilled workers is slowing down construction on critical…
Simulator Project Aims to Improve Fishery Safety
Kongsberg Digital concluded a new project funded by FHF (the Norwegian Seafood Research Fund) for the development of its K-Sim…
Metal Shark Building 22 Vessels for Jamaica’s Coast Guard
Louisiana-based boat builder Metal Shark announced it has won a contract to build 22 welded-aluminum high-speed surface interceptor vessels for…
Maersk Raises Profit Guidance on Strong Demand and Red Sea Disruption
Shipping group Maersk raised its full-year profit guidance after reporting first-quarter earnings on Thursday, citing strong demand and higher freight…
Russia Shipping Oil to North Korea Above UN Mandated Levels
Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the…
Sea trials begin for China’s future aircraft carrier
Chinese state media recently confirmed that the Chinese People’s Liberation Army Navy’s (PLA-N) newest aircraft carrier began undergoing sea trials…
Swedish Club reports thirtyfold increase in paperwork to meet Russia oil cap demands
Protection and indemnity provider reports impact of changes
Shipping lender NRP strikes $6.9m financing deal with US owner to fund cruise ship purchase
Premium Maritime Credit Fund signed bilateral senior secured facility
Red Sea crisis to shield Maersk profit for next two quarters, says Vincent Clerc
Even if the disruption lasted years, overcapacity would eventually humble the market, says liner CEO