Petrobras Extends Contracts for DOF-TechnipFMC PLSV Duo

DOF Group has secured long-term contract extensions with Petrobras for the Skandi Buzios and Skandi Recife pipelay support vessels (PLSVs), extending both contracts into January 2028.Following negotiations with Petrobras, Skandi Buzios was

Two Oil Supertankers Exit Hormuz as Traffic Remains Sparse

The two very large crude carriers (VLCC) carrying oil loaded from the Gulf exited the Strait of Hormuz on Friday, with traffic through the waterway remaining thin, according to Kpler ship-tracking data.The

MarAd's Carmel: Great Lakes are Central to America's Maritime Revival

CHICAGO — July 30, 2026 —  The United States cannot rebuild its maritime strength by focusing solely on its ocean coasts. Instead, the nation's industrial resurgence depends on recognizing the Great Lakes as

Security Concerns About Suez Oil Rise After Tanker Drone Strike in Egypt

A drone strike that damaged two gas tankers in Egyptian waters has renewed energy security concerns about the nearby Suez Canal and a related pipeline, a vital export route for Saudi Arabian

Travis Niederhauser Appointed Company President at Phoenix

Phoenix International Holdings (Phoenix) announced the appointment of Travis Niederhauser to the position of company President effective August 1, 2026. Travis is replacing Patrick Keenan who is joining the company's board of

Gulf Markets Ease as US, Iran Hostilities Resume

Major Gulf bourses ended lower on Thursday as investor sentiment weakened amid mounting concern over escalating hostilities between the U.S. and Iran. The U.S. military said it struck dozens of Islamic Revolutionary

China Patrols South China Sea Shoal

China's military and coast guard conducted patrols in the airspace and waters near the disputed Scarborough Shoal in the South China Sea on Thursday, separate statements showed.Tensions have recently flared between China

Saudi Arabia Launches Multinational Maritime Defense Coalition Plans

Saudi Arabia on Thursday unveiled plans for a multinational maritime defence coalition aimed at protecting international shipping and energy supply routes in the Red Sea region after attacks by Yemen's Iran-aligned Houthis disrupted one

Hybrid Mobile Harbor Crane Commissioned for Port of Gulfport

SSA Marine and the Mississippi State Port Authority at Gulfport (Port of Gulfport) announced the commissioning of a new Liebherr LHM 550 hybrid mobile harbor crane at the Port, along with $1.6