Videos released from both the Houthis and the crew of the Cordelia Moon (163,288 dwt) provide stark contrasts in the narrative surrounding the recent attack on the tanker. The incident occurred on October 1 while the empty crude oil tanker was en route north through the Red Sea toward Suez, approximately 64 nautical miles from […]
Oil prices experienced a slight uptick due to ongoing conflicts in the Middle East and rising economic activity in the world’s largest oil-consuming nations, the US and China. These factors have heightened expectations for increased oil demand. However, the prospect of Saudi Arabia boosting its oil production in December has tempered further price increases. As […]
Dubai Maritime City (DMC) has successfully completed significant infrastructure upgrades, enhancing its ship handling capacity and reinforcing Dubai’s position as a leading global maritime hub. The upgrades include retrofitting DMC’s ship lifts, introducing new ship cradles, and activating advanced substations and shore power supplies. With the installation of upgraded 6,000-tonne and 3,000-tonne ship lifts, DMC […]
Schoeller Holdings and Deutsche Offshore Schiffahrt have identified a pressing need for more versatile offshore vessels, leading to their recent joint venture and the order of four innovative Construction Commissioning Service Operation Vessels (C-CSOV). These vessels are designed to address the increasing demand for support ships in the global energy market, particularly as Europe advances […]
South Korea proudly announces the successful completion of installation and testing for the first containership equipped with an integrated automation system, which is now set to begin international service. This groundbreaking project, supported by the Ministry of Trade, Industry and Energy and the Ministry of Oceans and Fisheries, aims to advance and commercialize autonomous shipping […]
Carriers are ramping up preparations for a potential strike at U.S. East Coast and Gulf Coast ports, with the situation between the International Longshoremen’s Association and the U.S. Maritime Alliance showing no signs of resolution. In response, shipping companies are introducing surcharges to mitigate anticipated disruptions while maintaining expectations of strong demand during the peak […]
Australian authorities have arrested three men linked to a scheme to import $270 million worth of liquid methamphetamine, marking the latest significant drug-smuggling operation in a country known for its high methamphetamine demand. The operation came to light after Canada’s Border Services Agency (CBSA) intercepted a container in Vancouver, initially believed to be filled with […]
Turkish authorities have confirmed that the crew of a Turkish-owned cargo ship is safe following a collision with a bulk carrier off the coast of Iran. The Turkish General Directorate of Maritime Affairs (DSGM) reports that the rescue operation involved coordination between the rescue centers in Ankara and Bandar Abbas. The incident involved the Knidos, […]
On September 16, 2024, the maritime industry to witness a landmark advancement with the launch of the 6th Generation ECDIS, now integrated with cutting-edge AI technology. Since the introduction of the first ECDIS in 1979, which revolutionized navigational practices by providing real-time situational awareness, continuous positional updates, and comprehensive shipping information, the industry has continuously […]
Ostensjo Rederi, a leading Norwegian offshore support company, has announced an order for a state-of-the-art Ocean Energy Support Vessel (OESV) to be constructed at the Astilleros Gondan shipyard in Spain. This cutting-edge vessel, designed by Salt Ship Design of Stord, Norway, is set to advance Ostensjos fleet modernization efforts and enhance its capabilities across a […]
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