The maritime industry witnessed a significant surge in U.S. imports from China towards the end of the year. This increase was driven by companies stockpiling shipments of various consumer goods in anticipation of potential new tariffs proposed by the then President-elect Donald Trump. This trend highlights the maritime industry’s pivotal role in global trade dynamics and the impact of geopolitical factors on seaport activities. (more…)
In the dynamic maritime industry, safety remains paramount, especially during ship-to-ship (STS) operations involving crude oil transfer. The Protected Transfer System (PTX), jointly developed by Safe STS and Gall Thomson, marks a significant advancement in ensuring safe and environmentally sound STS operations. The PTX has already been successfully integrated into hundreds of offshore operations and mandated by a growing number of jurisdictions and oil majors. (more…)
The Philippines and China have agreed to seek common ground in the South China Sea despite their disputes, highlighting the importance of cooperation and diplomacy in the maritime industry. (more…)
BP, a major player in the maritime industry, has announced plans to reduce its global workforce by over 5%.
The maritime industry is no stranger to challenges, but one of the most pressing and heart-wrenching issues is the increasing number of migrants attempting to reach Spain by boat from West Africa. The humanitarian drama unfolding in the Atlantic Ocean has raised serious concerns.
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In an exciting development for the maritime industry, Burger Boat Company has secured a contract to build an 89-foot passenger vessel for Wendella Sightseeing Co. Inc. This new vessel will enhance Wendella’s offerings on Chicago’s iconic waterways. (more…)
Fincantieri Marinette Marine (FMM), a pivotal player in the maritime industry, is set to receive a significant boost from the State of Wisconsin to enhance its shipbuilding capabilities. The funding is part of a broader initiative to strengthen marine infrastructure and support economic development in the region. (more…)
The maritime industry, a critical component of global trade, faces an evolving landscape of risks. According to the Allianz Risk Barometer 2025, which surveyed 3,778 risk management experts, the most pressing concerns are cyber threats, business interruption, and natural catastrophes. (more…)
The maritime industry has witnessed a significant advancement in vessel monitoring with the launch of Norway’s NorSat-4 microsatellite. Developed by Canada’s Space Flight Laboratory (SFL) for the Norwegian Space Agency (NOSA), this innovative spacecraft is set to revolutionize maritime monitoring, particularly in the challenging Arctic territorial waters.
The maritime industry is no stranger to fluctuations, but the latest U.S. sanctions on Russia’s crude oil exports have stirred the waters. The oil prices soared following the new measures aimed at curbing Russia’s “dark fleet” of tankers. This post explores the implications of these sanctions on the maritime sector, focusing on key players like India, China, and the Middle East.
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