Hapag-Lloyd Records 50% Profit Drop, Lowers Full Year Outlook

German container shipping firm Hapag-Lloyd on Thursday posted a 50% drop in nine-month net profit to 846 million euros ($986.6 million) and lowered the top end of its full-year earnings outlook, citing

Solstad Maritime Inks Contract for Normand Sentinel CSV

Norwegian offshore vessel owner Solstad Maritime has signed a contract award with an international subsea contractor for the Normand Sentinel contract support vessel (CSV).The firm contract will start early 2026 and will

Crew and Cattle Stranded Off Turkey

The 52-year-old livestock carrier Spiridon II remains in quarantine off Turkey with around 20 crew and 2,853 cows onboard.Having departed from Montevideo (Uruguay) bound for Turkey on September 19 with 2,901 heifers,

Gulf Island Reports Strong Third Quarter

Gulf Island Fabrication has reported strong third-quarter results with revenue of $51.5 million and adjusted EBITDA of $2.5 million, despite softer trends in its services business, a decline in small-scale fabrication activity

New McAllister Tractor Tug Arrives in New York

McAllister Towing’s newest tractor tug, the Gerard McAllister, has arrived in the Port of New York.American made at Washburn & Doughty, the tug is the fifth in a series of six 84-metric-ton

Amogy and Samsung Heavy Industries Partner on Ammonia Power

Ammonia-to-power company Amogy has signed a multi-year contract with Samsung Heavy Industries (SHI) for the manufacturing of Amogy’s systems.SHI plans to establish a dedicated facility in South Korea to produce and test

Connecticut Maritime Association Announces Renaming of Award to Honor Jim Lawrence

The Connecticut Maritime Association (CMA) announced that its most prestigious honor, The Commodore Award, has been renamed The Jim Lawrence Commodore Award, effective immediately. This change commemorates the extraordinary life and lasting

Rolf Thore Roppestad Appointed Group Chair of the International Group of P&I Clubs

At the Annual General Meeting of the International Group of P&I Clubs in London on November 11, 2025, Rolf Thore Roppestad was appointed as the new Chair of the International Group of

IEA Predicts World Oil, Gas Demand Could Grow Until 2050

Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following U.S. criticism about its