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House Oversight Committee Releases Memo on USCG Misconduct Probe

Dec 13, 2024

House Committee on Oversight and Accountability has released an interim staff memorandum providing an update on the Committee’s ongoing investigation into the United States Coast Guard (USCG) following allegations of pervasive sexual assault and misconduct…

Baltic Index sees Fourth Consecutive Weekly Loss

Dec 13, 2024

The Baltic Exchange's dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, recorded its fourth consecutive weekly decline on Friday, dragged down by losses across all vessel segments for the week…

Netherlands Navy CCS arrives at Damen after Sea Trials

Dec 13, 2024

Combat Support Ship (CSS) Den Helder (A834) arrived in Vlissingen this morning after successfully completing her maiden voyage and sea trials.The new supply ship for the Royal Netherlands Navy departed from the Damen Naval shipyard in Galați…

NUWC Analyst earns Meritorious Civilian Service Award

Dec 13, 2024

Martin J. Guyotte, a recently retired senior staff analyst from the Naval Undersea Warfare Center (NUWC) Division Newport Undersea Warfare (USW) Mission Engineering and Analysis Department, was presented a Department of the Navy Meritorious Civilian Service Award…

Trump Signals Support for ILA Dockworkers

Dec 13, 2024

U.S. President-elect Donald Trump on Thursday appeared to back the anti-automation stance of some 45,000 union dockworkers on the U.S. East and Gulf Coasts, whose labor talks are at an impasse over that polarizing issue.The ILA and the United…

Authorities Attempt to Reopen Germany's Mosel River

Dec 13, 2024

Navigation authorities will attempt to install a temporary lock system on the river Mosel in west Germany this weekend to enable the river, an important route for grains and rapeseed shipments to and from Germany and France, to reopen to cargo shipping…

Venture Global Louisiana Plaquemines LNG Plant "on track"

Dec 13, 2024

U.S. liquefied natural gas (LNG) company Venture Global LNG's Plaquemines export plant under construction in Louisiana was on track to pull in enough natural gas on Friday to produce first LNG, according to data from financial group LSEG and energy analysts…

Sweden: New Offshore Wind not Commercially Viable

Dec 13, 2024

Developing offshore wind projects off Sweden's coasts is not commercially viable currently, a government commission tasked with reviewing and speeding up the system for authorizing new wind parks said on Friday.The commission recommended that…

Maersk says Global Trade could rise 7% in 2025

Dec 13, 2024

Maersk expects global trade growth rising as much as 7% next year, bolstered by strong demand from the United States where a potential port strike and tariffs on foreign-made goods loom, an executive at the global carrier said on Wednesday.'We predict anywhere between 5 and 7% (growth) overall…

Taiwan: China's threat towards island is "evolving"

Dec 13, 2024

Taiwan's defense ministry said on Friday that China's threat to Taiwan and the region has been evolving since 2022, when it began its current series of war games, and its recent large-scale buildup of maritime forces is a testament to this.China's…

China: US-backed Philippines 'provoked trouble' in South China Sea

Dec 13, 2024

China accused the Philippines on Friday of having 'provoked trouble' in the South China Sea with U.S. backing, a week after Beijing and Manila traded accusations over a new confrontation in the disputed waters.'The Philippine side, with U.S…

CMA CGM seeks 2025 Singapore biofuel bunker supply

Dec 13, 2024

French shipping major CMA CGM is seeking marine biofuel for term delivery in Singapore, the world's largest bunker hub, between January and December 2025, according to market sources.The company has been one of the top lifters of marine biofuel in Singapore this year…

Daniel Winter named President of Danfoss Power Solutions

Dec 13, 2024

Danfoss today announced that Daniel Winter has been named president of Danfoss Power Solutions. He succeeds Eric Alström who, after 12 years with Danfoss, has decided to seek new challenges outside the company.Daniel Winter will join the Danfoss…

Port Cost Miscalculation Led to Six-Figure Loss

Dec 12, 2024

In a recent case underscoring the essential nature of precise cost estimation in maritime logistics, the International Transport Intermediaries Club (ITIC) settled a $140,000 claim resulting from an error in calculating port charges.The incident involved a South American grain shipment…

Taiwan Signals Likely End to Latest Chinese Drills

Dec 12, 2024

Taiwan's defense ministry on Thursday closed an emergency response center opened earlier this week in response to what it said were stepped up Chinese military activities nearby, likely signaling an end to Beijing's maneuvers.Taiwan's defense…

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