Shipping Insurance Costs for Red Sea Voyages Surge After Houthi Attacks

The insurance cost of shipping goods through the southern Red Sea doubled for some companies on Thursday, after Yemen's Iran-aligned Houthis attacked at least one tanker overnight, sources said.The Houthis said their

US, Partner Nations Conduct Live-Fire Sinking During RIMPAC 26

Ships and aircraft participating in exercise Rim of the Pacific (RIMPAC) 2026 conducted a planned, live-fire sinking exercise (SINKEX) and sank decommissioned USS Mobile Bay (CG 53), July 12, 2026, and decommissioned

Port of Bilbao Sees Largest YoY Growth Since 2004

In the first half of the year, the Port of Bilbao handled 17,317,427 tons of cargo, an increase of 1,893,980 tons and 12.3% up on the same period last year. This figure

Intellian Announces the Commercial Launch of the C100M GMDSS System

Intellian Technologies, a provider of satellite communication antennas and ground gateway solutions, and Iridium Communications Inc., announced the commercial launch of the Intellian C100M GMDSS System.Offering an alternative for essential L-band safety

Sonplas Unveils Explosion-Proof Test Chambers for Fuel and Energy Components

German-based engineering firm Sonplas has developed explosion-proof thermal chambers designed to test fuel and energy system components under controlled temperature conditions in hazardous environments, as demand grows for validation of equipment used

Grandweld Lands Bahri Logistics’ OSV Shipbuilding Deal

UAE shipbuilder Grandweld Shipyards has secured a contract from Bahri Logistics, the logistics arm of Saudi Arabia's national shipping company Bahri, to design and build two offshore support vessels (OSV) for operations

Saipem Marks Neptun Deep Offshore Installation Milestone in Black Sea

Saipem has confirmed the completion of a key offshore installation campaign for the Neptun Deep natural gas project in Romania, marking another milestone in the development of what is expected to become

DOF Reshapes Fleet With Six-Vessel Transactions

DOF Group has agreed to sell four platform supply vessels (PSVs), acquire two construction support vessels (CSVs) under construction and declare a constructive total loss on the anchor handling tug supply (AHTS)

Hormuz Disruption Shifts LNG Bargaining Power to Buyers

Asian and European buyers of liquefied natural gas (LNG) plan to ask for lower prices and additional supply guarantees from Qatar and the United Arab Emirates as the U.S.-Iran war raises insurance