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New Concept Ocean Energy Support Vessel to be Built in Spain

New Concept Ocean Energy Support Vessel to be Built in Spain

Norwegian offshore support company Østensjø has ordered a new concept offshore support vessel to be built in Spain at the Astilleros Gondan shipyard. Called an Ocean Energy Support Vessel (OESV), the company reports it is a more versatile design for a broad range of...

Mozambique Leases a Port Terminal to Landlocked Malawi

Mozambique Leases a Port Terminal to Landlocked Malawi

In a rare move, Mozambique is planning to lease part of its northern port of Nacala to neighboring landlocked Malawi. The deal seeks to boost trade ties between the two countries. To formalize the initiative, Mozambican President Filipe Nyusi and his Malawian...

Giant Wind Turbine Installation Vessel Delivered to Cadeler

Giant Wind Turbine Installation Vessel Delivered to Cadeler

Cadeler, which already attests to being the world’s largest operator in offshore wind installation, operations, and maintenance services, took delivery today, August 16, on the first of its new larger installation vessels. It comes just three months after the company...

Gearbox Failure, Pilot Error Caused V-22 Crash off Japan

Gearbox Failure, Pilot Error Caused V-22 Crash off Japan

A disintegrating metal gearbox was responsible for the crash of an Air Force CV-22 Osprey tilt-rotor aircraft off Japan last November, which killed eight servicemembers and prompted a large-scale subsea salvage response, according to the Air Force.  On the...

Philippine Coast Guard Brings Tanker Spill Under Control

Philippine Coast Guard Brings Tanker Spill Under Control

The Philippine Coast Guard and its salvage response partners have been making progress on preventing pollution from the sunken tanker Terra Nova, which went down in rough weather from Typhoon Gaemi on July 25. Terra Nova has an estimated 370,000 gallons of petroleum...

Oil Spill Spreads as Second Tanker Sinks in Manila Bay

Oil Spill Spreads as Second Tanker Sinks in Manila Bay

A second tanker has gone down off the coast of the Bataan Peninsula, threatening even more pollution in the Manila Bay area.  According to the Philippine Coast Guard, the tanker Jason Bradley sank off the municipality of Mariveles - at the bay's entrance - on the...

One Knot at a Time

One Knot at a Time

Seals are important for the role they play in containing pressure and eliminating leakage and contamination. Bearings reduce friction and are key components for transferring motion. When functioning properly, seals and bearings are the furthest thing on the chief...

Barcelona first Med port to have shore power

Barcelona first Med port to have shore power

The Port of Barcelona’s first phase of an offshore power system will enable two ships to be connected simultaneously at Hutchison’s BEST terminal. Marcus Hand | Jul 18, 2024 The first onshore power supply system (OPS) in the Port of Barcelona was opened on...

Container shipping market outlook for H2 2024

Container shipping market outlook for H2 2024

Spot container freight rates have surged to unexpected highs in the first half of 2024 due the Red Sea crisis, what will happen in the remaining months of the year. Marcus Hand | Jul 18, 2024 In a five-part series mid-year we take stock of shipping markets in the...

IMB: Violence Against Crew on the Rise Amidst Drop in Piracy

IMB: Violence Against Crew on the Rise Amidst Drop in Piracy

The safety of crews on merchant ships is increasingly becoming a major concern owing to the rise in violent attacks despite a notable decrease in maritime piracy incidents, according to the latest update from the International Maritime Bureau’s Piracy Reporting...

Carrier Roosevelt Arrives in Red Sea Area of Operations

Carrier Roosevelt Arrives in Red Sea Area of Operations

U.S. Central Command (CENTCOM) confirmed on July 12 that the supercarrier USS Theodore Roosevelt has arrived in the 5th Fleet area of operations taking over for the carrier USS Dwight D. Eisenhower which left the Red Sea area in late June...

Report: Abandoned Tanker Sinks Off Yemen

Report: Abandoned Tanker Sinks Off Yemen

The aging tanker Lavant, which sustained uncontrollable flooding off the southeastern coast of Yemen in June, appears to have disappeared and has likely sunk, multiple intelligence sources have confirmed to Reuters. The 30-year-old ship's loss is considered a...

ILWU Plans Strike at DP World Canada Starting Monday

ILWU Plans Strike at DP World Canada Starting Monday

The International Longshore and Warehouse Union (ILWU) has notified terminal operator DP World Canada that it plans to go out on strike beginning at 1630 hours on Monday afternoon. In response, the B.C. Maritime Employers' Association (BCMEA) - the collective...

Houthis Continue Attacks, Including Five Missiles at One Ship

Houthis Continue Attacks, Including Five Missiles at One Ship

The Houthis are asserting a broad array of attacks conducted on a range of ships in both the Mediterranean and the Red Sea, including a barrage at one vessel and targeting a Maersk vessel. Spokesperson Yahya Saree asserted all the attacks were for support of Israel or...

Local News

PM Anwar: RM1.24bil potential export to Peru generated

PM Anwar: RM1.24bil potential export to Peru generated

LIMA (Peru): Prime Minister Datuk Seri Anwar Ibrahim's maiden official visit to Peru has generated potential exports worth RM1.24 billion (US$0.3 billion), particularly in high potential sectors on the initiative of the Malaysia External Trade Development Corporation...

Malaysia, UAE look to bolster ties

Malaysia, UAE look to bolster ties

DUBAI: Malaysia and the United Arab Emirates (UAE) are looking forward to bolstering ties across various sectors. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said his meeting with UAE’s Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei here...

‘Need to cut excessive plastic use in logistics’

‘Need to cut excessive plastic use in logistics’

Consumer group calls for awareness programmes to seek alternatives, reduce packaging waste THE government is urged to broaden its focus on eliminating single-use plastics by addressing how they are also utilised in logistics, in addition to the retail sector. Malaysia...

Westports’ net profit rises to RM233.07mil in 3Q24

Westports’ net profit rises to RM233.07mil in 3Q24

KUALA LUMPUR: Westports Holdings Bhd has posted a higher net profit of RM233.07 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM195.0 million in the same quarter a year ago. Revenue for the quarter rose to RM572.57 million versus...

Malaysia’s Budget 2025: Impact for Businesses

Malaysia’s Budget 2025: Impact for Businesses

On October 18, Malaysia’s government introduced its 2025 national budget – the largest in its history – to bolster the economy’s competitiveness by introducing new tax incentives, slashing subsidies, and developing new economic clusters. With an unprecedented 421...

Explained: What will the expanded SST affect and when?

Explained: What will the expanded SST affect and when?

KUALA LUMPUR, October 18 — The federal government is expanding the scope of the Sales and Service Tax (SST) to further improve the nation's tax revenue in the Budget 2025. The expansion will be implemented starting May 1, 2025. Here are the key points from Prime...