TKMS Drops Out of Race to Acquire GNYK

German warship builder TKMS said on Tuesday it is no longer interested in acquiring smaller shipyard German Naval Yards, also known as GNYK.That would make German defence group Rheinmetall the only bidder

Two Saudi Crude Tankers Turn Around After Houthi Threats

Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis, as a widening Middle East conflict disrupted shipping through two

Refiners Sign Direct Contracts with PDVSA for Venezuelan Oil

Refiners and oil-producing firms in the U.S. and elsewhere are gaining market share in Venezuela's crude as they sign direct contracts with state-run PDVSA, challenging the global traders that inked earlier deals

Houthis Threaten Targeted Attacks on Shipping Companies Visiting Saudi Ports

Yemen's Iran-aligned Houthi militia told shipping companies not to load or discharge cargo at Saudi Arabian ports or they may be targeted, according to an email the group sent to companies.The Houthis

Hepburn and Sons Invest $18m into Corporate Headquarters in Innovation Park, VA

Hepburn and Sons LLC’s plans to invest $18 million in constructing a three-story, approximately 27,000 square foot corporate headquarters adjacent to NOVA LIVE in Innovation Park, which will support 80 new high-quality

Nakilat Profits Dinged by Region's War

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its consolidated financial results for the first half of the year ended 30 June 2026, with a net profit of QAR 857 million compared to

Wing Group CEO Andrew Branagh Joins U.S. Department of Commerce Trade Advisory Committee

The Wing Group announced that President and CEO Andrew Branagh has been appointed to serve on the U.S. Department of Commerce's Industry Trade Advisory Committee on Small Business (ITAC 9). His four-year

India Summons Russian Diplomat After Four Indian Seafarers Perish

India said it had summoned a senior Russian diplomat on Tuesday and expressed "grave concerns" after a missile strike killed four Indians on a Black Sea cargo ship that was leaving a

Unmanned Vessels Proliferate in today's "Hybrid Navy Extravaganza"

Technology companies and shipyards are vying for attention as the US unmanned navy grows in size and sophistication.No too long ago, US Navy Secretary John Phelan said: “If the last few years