ABS: Rising Complexities Demand New Approach to Tech Adoption
“Access to innovation is no longer enough. Competitive advantage will be defined by how effectively we turn technology into safe, reliable performance at sea," said John McDonald, ABS Chairman and CEO at Capital Link at the start of Posidonia, as he set out the urgent need to close the gap between rapid technological advancement and real-world performance.He highlighted the increasingly complex operating environment facing shipping…
Sullivan Street Partners, Ancora Group Acquire Red7Marine
Sullivan Street Partners, a UK-based private equity firm specializing in mid-market buy-outs, announced that its portfolio company Ancora Group, an integrated group of marine contractors delivering infrastructure and coastal defense solutions across the UK, has completed the acquisition of Red7Marine, a UK marine infrastructure and engineering work specialist.This is Ancora Group’s first acquisition since it was acquired by Sullivan Street in March 2025…
Inchcape Shipping Launches NVOCC Service in the United States
Inchcape Shipping Services announced the launch of its new Non-Vessel Operating Common Carrier (NVOCC) service in the United States. The launch follows the company's receipt of an Ocean Transportation Intermediary (OTI) license from the Federal Maritime Commission (FMC), authorizing Inchcape Shipping Services to operate as a licensed NVOCC for cargo moving to and from the US. The new service marks an expansion of Inchcape Shipping Services' capabilities…
Wind-Powered Cargo Ships Pass the 100-Vessel Milestone
The latest installations of wind propulsion technology on large commercial vessels have pushed the global fleet of cargo ships capable of harnessing wind energy beyond the 100-vessel milestone, representing over five million tons of deadweight (DWT) cargo carrying capacity.The passing of this milestone marks a turning point in the uptake of wind propulsion in the commercial fleet. What was once widely…
Sanmar Shipyards Wins Orders for 10-Tugboats
Sanmar Shipyards won new build contracts for up to 10 tugboats, a milestone agreement that coincide with the shipbuilder's 50th anniversary.The contracts include fleet expansions for long-standing partners SAAM Towage and HAISEA Marine, as well as a landmark inaugural agreement with FAIRPLAY TOWAGE GROUP.On Wednesday, May 20, Sanmar formalized a new agreement with long-term partner SAAM Towage for five new vessels: four RAmparts 2400SX-MKIl tugboats and one RAstar 2900SX tugboat.
Methanol-Capable Container Ship Delivered to Mærsk
Tema Mærsk, powered by its X82DF-M/E multi-fuel engine platform with methanol capability and inherent compatibility with ethanol, was delivered to A.P. Moller - Maersk (Maersk). The naming ceremony took place at Yangzijiang Shipbuilding in China, attended by WinGD’s Chief Executive Officer Dominik Schneiter and Vice President Market Development Benny Hilström.The Danish container giant ordered WinGD’s X-DF-M dual fuel engines for a series of six 9,000 TEU container vessels in March 2023.
Seven Firms Advance in US Navy’s Medium USV Program
The U.S. Department of the Navy has selected seven companies to advance to the at-sea testing phase of its Medium Unmanned Surface Vessel (MUSV) marketplace initiative.The companies selected for the MUSV Family of Systems development program are Sea Machines, Leidos, Saronic Technologies, Galliano Marine Services, PacMar Technologies, Birdon, and Huntington Ingalls Industries (HII).The Navy said companies…
Berg Propulsion, Stone Marine Formalize UK, Ireland Support Collaboration
Berg Propulsion has signed a formal partnership agreement with Scotland-based Stone Marine Services (SMS) to expand service and support capabilities across the UK and Ireland.The non-exclusive agreement formalizes a long-standing relationship between the two companies and is aimed at strengthening support for Berg's existing customer base while supporting growth in the region.Under the agreement, Stone Marine will provide service and support for Berg’s propulsion systems in the UK and Ireland.
French Navy Boards Suspected Russian ‘Shadow Fleet’ Tanker in Atlantic
France's navy has intercepted a sanctioned tanker linked to the Russian oil trade in the Atlantic Ocean and ordered the vessel to head for the French mainland, in a move Russia said was illegal and bordered on "international piracy".French President Emmanuel Macron on Monday posted a video on X showing commandos rappelling from helicopters onto the Tagor, during an operation that occurred the previous day in international waters 400 miles (740 km) west of Brittany.The tanker…
Oil Jumps Over 3% After US-Iran Exchange Attacks
Oil prices rose more than 3% on Monday after Iran and the U.S. traded strikes and Israel ordered troops to move further into Lebanon in its battle with Tehran-backed Hezbollah.U.S. crude futures CLc1 rose $2.88 or 3.3% to $90.24 a barrel as of 0701 GMT. Brent LCOc1 futures rose $2.78 or 3.05% to $93.9 a barrel.The fighting, after Washington hosted Israel-Lebanon peace talks on Friday, dimmed hopes that the U.S.
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