Dry Bulk Vessel Market Softens as Coal Shipments Decline

"We estimate that the dry bulk supply/demand balance will strengthen slightly in 2025 and gradually weaken in 2026 and 2027. Cargo demand growth is slowing, as coal shipments decline and iron ore

Kongsberg to Spin Off Maritime Unit, Combine Defense Businesses in Strategic Split

Kongsberg Gruppen has proposed spinning off its Kongsberg Maritime business in a separate stock market listing and consolidating its Kongsberg Defence & Aerospace and Kongsberg Discovery units into a single technology and

Sanctioned Russian LNG Tanker Makes STS Transfer Off Malaysia

A sanctioned liquefied natural gas (LNG) tanker made a ship-to-ship (STS) transfer off the coast of Malaysia after picking up a cargo from a Russian export terminal also under Western restrictions, according

NYK and Port of Duqm Collaborate on Development

Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company, which oversees port management and terminal operations in Oman, signed a memorandum of understanding at Duqm Economic Forum 2025 to

Texas Allision Leads to Oil Spill

The Coast Guard along with the Texas General Land Office is responding to an oil discharge which occurred near Galveston, Texas, Tuesday.Coast Guard Sector Houston-Galveston watchstanders received a call at approximately 9:50

How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance

Sponsored WebinarHow Hot Is Your Cable? Seequent Unlocks Subsea IntelligenceCable temperature drives ampacity, reliability, and lifecycle costs. See how subsurface models and field data help predict, monitor, and manage thermal performance to

ClassNK Releases Guidelines for Onboard CO2 Capture and Storage Using Membrane Separation

ClassNK has released "Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)", which assesses onboard CO2 capture systems (OCCS) using membrane separation. The guidelines can be used to support the safe

Russia Tests Poseidon Nucelar-Powered Super Torpedo

President Vladimir Putin said on Wednesday that Russia had successfully tested a Poseidon nuclear-powered super torpedo that military analysts say is capable of devastating coastal regions by triggering vast radioactive ocean swells.As U.S.

Master Boat Builders Unveils State‑of‑the‑Art Floating Dry Dock to Boost Throughput

Master Boat Builders, Inc. announced it has taken delivery of a new floating dry dock, giving the company direct control over launch schedules and accelerating vessel deliveries.Designed and built by Conrad Shipyard,