Akastor Cancels $25M Sale of Skandi Peregrino AHTS Vessel

Akastor’s fully-owned subsidiary DDW Offshore has canceled the sale of Skandi Peregrino anchor handling tug supply (AHTS) vessel.The agreement to sell Skandi Peregrino AHTS, first announced in early March 2025, was conditional

Ship Recyclers Face Confusing Market Fundamentals

Ship recycling markets saw the U.S. dollar surge against nearly all ship recycling nation currencies (except China) last week, reports cash buyer GMS.Steel plate prices firmed / declined / flatlined in a

Coast Guard Investigates Fires in Puerto Rico

The US Coast Guard Sector San Juan marine investigators and vessel inspection teams are investigating two separate and unrelated vessel fires in Puerto Rico.Both vessel fires were successfully extinguished, and there are

EU Ministers Sign Non-Protectionist Maritime Strategy Declaration

EU ministers signed the Szczecin Declaration on the EU maritime industrial strategy during the 11th International Maritime Congress in Poland last week.European Shipowners have welcomed the move, saying that at a time

Mexican Navy Ship Slams into Brooklyn Bridge: 2 Dead, 17 Injured in NYC Tragedy Update

A Mexican Navy sailing ship festooned with lights and a giant flag crashed into the landmark Brooklyn Bridge on Saturday night, shearing the top of its masts, killing two people and injuring

US Freight Industry Hopes for Back-to-School Demand Boost After Tariff Truce

A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school

New Survey Data Highlights Lack of Gender Diversity in Maritime Industry

The second Women in Maritime survey, jointly published by the International Maritime Organization (IMO) and the Women’s International Shipping & Trading Association (WISTA), provides new insights into gender diversity within the industry.

OEG Expands Cryogenic Tank Division to US

OEG has made a major investment in its first-ever fleet of cryogenic ISO tanks in North America, now located at its Houston facility.This milestone marks the company’s official expansion of its cryogenic

Conrad Industries' First Quarter Income Up From 2024

Conrad Industries has announced today its first quarter 2025 results with a net income of $3.9 million compared to $1.5 million during the first quarter of 2024.During the first three months of