UN: Freedom of Navigation in the Black Sea is Crucial to Global Food Security

An agreement on freedom of navigation in the Black Sea to ensure the protection of civilian vessels and port infrastructure "will be a crucial contribution to global food security and supply chains,"

PEAK Wind Enters into OMA to Oversee Wind Farm Operations

Fengmiao I, a 495 MW offshore wind farm, has reached a financial close. The project is owned by Copenhagen Infrastructure Partners (CIP) through its fund Copenhagen Infrastructure V (CI V).PEAK Wind has

Baltic Index Hits Two-Week Low

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, marked its lowest level in two weeks on Wednesday, pulled down by weaker capesize rates.

Ukraine and Russia: Accusations of Breaking Truce Agreements

Ukraine and Russia accused one another on Wednesday of flouting a truce on energy strikes brokered by the United States, and conditions set by Russia cast doubt over a planned ceasefire in the

Dinnteco America Announces Electromagnetic Charge Compensation Device

Dinnteco America, leader in lightning protection technology, announced its latest solution for the marine, military, energy and transportation industries—the Electromagnetic Charge Compensation Device (DDCE).The DDCE is designed to prevent direct…

OPINION: Hold the Bricks, Start the Discussion on the Future of Domestic Shipbuilding

With your first steps as a cadet onto the Maritime Academy campus, your first union dues payment or first line thrown ashore from the tug, you are lectured on the importance of

One Year Ago Today: U.S. Maritime Industry Delivers in Wake of FSK Bridge Collapse

We are at the one-year since the Francis Scott Key (FSK) Bridge collapsed over the Patapsco River’s Fort McHenry Channel in Baltimore, Maryland. Nearly 100 percent of the wreckage and debris removal

MPCC Sells Five Container Ships as Part of Fleet Optimization Effort

MPC Container Ships (MPCC) has entered into an agreement to sell five vessels en bloc, involving three 1,300 TEU vessels and two 2,000 TEU vessels.Separately, two vessels were recently sold to an

Norden Lines Up Two Capesize Newbuilding Leases

Danish shipping company Norden has announced the addition of two Capesize newbuilding leases with purchase options, reinforcing the company’s commitment to building a highly efficient and modern Capesize fleetThe vessels will be