Show of Force Scares Off Pirates While Second Vessel Pays Ransom
Two of the commercial ships hijacked by Somali pirates were recently freed, while four other small tankers remain under the control of the pirates.
MarineCraft News Desk
The Liner’s Dilemma: Schedule Integrity Vs. Contractual Flexibility
Liner shipping sells predictability. Published schedules, fixed rotations, guaranteed port calls—these are the commercial promises that drive shipper decisions. When chokepoint disruptions force carriers to reroute entire service strings, those promises collide with operational reality.
Port of NY and NJ Memorializes 9/11 With the Permanence of Sunlight
The Port Authority of New York and New Jersey has taken a new step to build remembrance of the 9/11 attack into its infrastructure, creating a permanent reminder for all generations.
U.S. Shows More Restraint After Latest Iranian Tanker Strike
Over the weekend, U.S. and Iranian forces continued to trade tit-for-tat maritime strikes on each others' shipping interests, though at smaller scale. This time, U.S.
Poten: VLCC Rates Hit Unprecedented Levels Amidst Mideast Conflict
Participants in the tanker industry are no strangers to market cycles combined with extreme volatility. However, even seasoned veterans are looking at current developments in the market and scratching their heads. What is happening is truly unprecedented.
Kongsberg Maritime to Supply Kamewa Waterjets for Australia’s New LCM Fleet
[By: Kongsberg Maritime] Kongsberg Maritime has entered into an agreement with Austal Defence Shipbuilding Australia Pty Ltd (Austal Defence Australia) to supply Kamewa Steel Series waterjets for the Australian Army’s new Landing Craft Medium (LCM) fleet.