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Coast Guard Oversees Second Yacht Salvage in a Year off Culebra   The Coast Guard is keeping watch on an effort to refloat a large yacht that went aground over the holidays off Culebra, Puerto Rico.  At about 1030 hours on December 30, watchstanders at Sector San Juan received a report from a Coast Guard…

Bibby Changes Shipyard to Build First Zero-Emission Electric CSOV   An innovative project to build the first fully electric Commissioning Service Operation Vessel (eCSOV) is shifted to a different shipyard as it works to meet the terms of the UK project. Bibby Marine is leading the project which received $25 million in the UK’s Zero…

Wellard Sells Last Ship, Ends Business with Live Export Under Pressure Once described as Australia’s largest live export business, Wellard announced the sale of its final ship as it shuts down shipping operations. The move comes as live export continues to be under pressure and is scheduled to become illegal in Australia and elsewhere. Wellard…

Norway Awards 53 New E&P Licenses on its Continental Shelf   Norway has awarded 53 new offshore oil and gas E&P licenses for acreage on its continental shelf, with 20 different companies participating in the auction round. The so-called APA round of predefined auction areas covered mature producing regions in the Norwegian Sea and the…

NATO Agrees to Enhance Baltic Surveillance by Air and Sea   NATO conducted a Baltic Se Allies Summit today in Helsinki and agreed to the request from Finland and Estonia to increase surveillance efforts to protect key underwater assets and deter future efforts of sabotage. The heads of state issued a joint statement expressing their…

IMB: Piracy Declined in 2024, But Seafarer Hostage-Taking is on the Rise   Piracy at sea is less common than it used to be, according to the ICC’s International Maritime Bureau, but the risk to crewmembers remains high – particularly in hotspot regions like the Singapore Strait.  In 2024, piracy levels remained about the same…

U.S. Sanctions Module Builder Wison Offshore for Working on Arctic LNG 2   Among other measures targeting Russia’s energy sector, the Biden administration has sanctioned Zhoushan Wison Offshore for its role in supplying Novatek’s Arctic LNG 2 plant with power modules – key equipment for bringing the blacklisted project online.  According to the U.S. State…

Next U.S. Aircraft Carriers to be Named for Presidents Clinton and Bush   The U.S. Navy today announced the names for the fifth and sixth carriers of the Fold class. While the ships are a decade away, Secretary of the Navy Carlos Del Toro announced the names of two future vessels as USS William J.…

Turkey Sees Opportunity in Sanctioned Russian Yacht Market   Since the Russia-Ukraine war started in 2022, Turkey has become a popular destination for Russian superyachts evading western sanctions. Reportedly, this has created a new business venture for Turkish yards looking into repair and maintenance of these luxury vessels. In the past one year, some shipyards…

Retailers Continue to Front-Load Imports into U.S. Ports Retailers are continuing to front-load their imports which is driving up the volumes seen at major U.S. ports. The National Retail Federation in its monthly read on container volumes expects the rush to get merchandise into the country will continue in part started by the fear of…

Syria’s New Rulers May Block Russia From Evacuating Naval Base   Ukraine’s military intelligence agency claims that Russia is encountering difficulties in gaining access to its longtime naval base in Tartus, where it appears to have staged large quantities of military equipment for outward shipment. One of the Russian naval vessels stuck offshore Syria, the…