Venezuela Oil Sector Hit by Loss of Its Widest US License
Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S.

Uzmar Launches First-of-its-kind Tractor Tug
Uzmar Shipyard in Istanbul, Turkey has launched a first-of-its-kind tractor tug for Turkish operator BOTAS.The vessel, named the Sultanhani, was launched on February 27 as the world’s first Voith propelled tractor tug with liquefied natural gas (LNG) dual fuel propulsion.

Cavotec Bags $5 Million Shore Power Order
Cavotec announced it has signed an order for shore power with a global shipping company, valued at about $5 million.The order from an undisclosed global shipping company includes a substantial number of PowerFit shore power units, enabling vessels to connect to shore power with ease while docked.

US Riles China with Shipbuilding Probe
The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai…

Houthis Conduct 'Operations' in Indian Ocean, Leader Says
The leader of Yemen's Iran-aligned Houthis, who have been attacking shipping in the Red Sea, said on Thursday the group had carried out "operations" in the Indian Ocean and towards southern Israel.Abdul Malik al-Houthi's comments made clear…

Helm Operations and Spinergie Partner on Fleet Optimization
Maritime technology companies Helm Operations and Spinergie announced they are teaming up to create a fully integrated fleet optimization platform and centralized source of record keeping.The partnership will integrate vessel management system…

Marine News' 2024 US Shipbuilding Report
If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities…

Norway's Myklebust Verft to Build World's Largest Hydrogen Ferries
Norwegian shipyard Myklebust Verft has been selected to build a pair of innovative hydrogen-powered passenger ferries ordered by Norwegian transport company Torghatten Nord.The design, produced by The Norwegian Ship Design Company for operations…

Ships Docked as Striking Greek Workers Protest Over Rising Costs
Thousands of Greek striking workers, students and pensioners marched through central Athens on Wednesday to protest over wages which they are not enough to cope with rising living costs.Ships remained docked at Greek ports and train services…

Stena Bulk Sells LNG Carrier Stena Blue Sky
Tanker shipping company Stena Bulk on Thursday announced the sale of the liquefied natural gas (LNG) carrier vessel Stena Blue Sky to an undisclosed Asian buyer.The sale of Stena Blue Sky follows the recent announcement that Stena Bulk had sold…