Grain Shipments Halved from Russia, Ukraine

“Russian and Ukrainian grain shipments are estimated to have plunged 49% combined y/y between January and August 2025. Both countries had a smaller export surplus following weaker grain harvests in the second

Wallem Launches Vessel IT Security and Management Services

Wallem Group has launched a suite of support and consultancy services to protect IT systems onboard its clients’ vessels from disruption.Its new Vessel IT Security and Management Services (VITS) have been developed

Cerberus and HD Hyundai Partner on Maritime Projects

Cerberus Capital Management has entered a strategic partnership with HD Hyundai to launch a new maritime investment strategy, Cerberus Maritime.Cerberus Maritime is aligned with the U.S. Government’s initiative to revitalize the maritime

Trump Administration to Cancel Approval of Maryland Offshore Wind Project

The administration of U.S. President Donald Trump intends to withdraw federal approval for US Wind’s offshore wind farm off the coast of Maryland, according to a filing submitted by Attorney General Pam Bondi in

Trump's Halt of Rhode Island Wind Project Stuns Local Leaders

The Trump administration's order to halt work on a nearly completed wind farm off the coast of Rhode Island threatens grid reliability and jobs and defies explanation, business and government leaders from

Baltic Subsea Cable Cutting Suspects Blame Technical Faults

The captain of an oil tanker and two officers accused of severing five undersea power and telecoms cables in the Baltic Sea last December, blamed technical faults for the damage as their

Two Vessel Contracts Bring in $65M for Solstad Offshore

Norwegian offshore vessel owner Solstad Offshore has secured two contracts for its Normand Turmalina and Normand Superior vessels, with the combined worth of $65 million.The anchor handling tug supply (AHTS) vessel Normand

Vard Secures Seismic Vessel Conversion Job

Norwegian shipbuilder Vard has signed a contract with Norway-based Sanco Shipping for the conversion of the seismic research vessel Sanco Sailor into a seismic source vessel.Sanco Shipping contracted PGS Apollo, now renamed

Recyclers Wary Despite Recent Influx of Tonnage

Losses in various individual sectors along the entire dry bulk range across the recent past saw the overall benchmark index lose about 5% of its overall value, which would explain the recent