Monday, February 17, 2025
MORE TOP STORIES
OSM Thome tanker

Powerhouse: OSM Thome

Published Feb 16, 2025 2:39 PM by Tony Munoz

  It’s been a good – no, an exceptional year – for OSM Thome, marked by significant growth, strategic achievements and new opportunities in the maritime and offshore sectors. It all began with the merger of OSM Maritime and the Thome Group a year earlier.  “The merger between OSM Maritime and the Thome Group has been a success,” says Finn Amund Norbye, CEO of OSM Thome. “It was driven by a strategy to create a company of scale capable of...

Continue Reading...
FESCO

Restricted in the West, Russia Expands Trade Links in Southeast Asia

Published Feb 16, 2025 2:26 PM by The Maritime Executive

  The Russian container line FESCO is further expanding its Intra-Asia service to include a new port call in Pasir Gudang, Malaysia. This becomes the second port of call for FESCO in Malaysia. FESCO entered the Malaysian shipping scene almost six months ago, with a service at Port Klang connecting to the Vietnamese port of Ho Chi Minh City. The route is served once a week, with a transit time of three days between the ports. The addition of Pasir...

Continue Reading...
Converted boxship Shahid Bagheri, Iran's "drone carrier" (Sepah News / CC BY 4.0)

Iran's "Drone Carrier" May Join Exercise With Russia and China

Published Feb 16, 2025 1:44 PM by The Maritime Executive

  The annual Iranian-Chinese and Russian naval codenamed Exercise Maritime Security Belt normally takes place in mid-March, in a pattern established over a number of years.  Maritime Security Belt 2025 is likely to feature the outgoing Chinese Navy Group, which is nearing the completion of its six month forward deployment to the PLA Navy’s Project 141 Overseas Support Base at Doraleh, in Djibouti. The departing 46th Naval Escort Group consists of the Type 052D destroyer Jiaozuo (D163), Type-054A frigate Xuchang (F536)...

Continue Reading...
Iron Duke

Royal Navy Escorts Russian Evacuation Flotilla Through English Channel

Published Feb 16, 2025 12:37 PM by Royal Navy News

  Royal Navy warships and aircraft shadowed a Russian task group in the English Channel in a concentrated operation last week. HMS Iron Duke, HMS Tyne, a Wildcat helicopter from 815 Naval Air Squadron and RFA Tideforce reported on every move of landing ships, RFS Aleksandr Otrakovskiy and RFS Ivan Gren, and merchant vessels Sparta, Sparta II and General Skobelev and oiler Yelnya.  The group of six Russian vessels departed the Mediterranean recently, sailing through the...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

A model of GLDD's groundbreaking new rock-dumping vessel at Philly Shipyard, 2023 (Philly Shipyard / GLDD)

Federal Court Lets Foreign Ships Move US Rock to US Offshore Wind Farms

  Great Lakes Dredge & Dock has lost its appeal to reverse a Customs and Border Protection ruling that allows foreign rock-dumping vessels to compete more easily for U.S. offshore wind farm contracts. The U.S. 5th Circuit ruled that GLDD's suit was speculative, finding that the harm to GLDD's business interests had not yet occurred.   CBP ruled in January 2021 that foreign-flagged vessels could not be used to dump U.S. rock onto the U.S. continental shelf: the rock originated...

Continue Reading...

Shipbuilding

nuclear-powered containership

HD Korea Shipbuilding Advances Designs for Large Nuclear-Powered Boxship

HD Hyundai’s HD Korea Shipbuilding & Offshore Engineering (KSOE) is advancing its efforts towards a large, nuclear-powered containership. The shipbuilding has been working on its project as one of several that believe the new generation of small nuclear reactors will be the solution to maritime decarbonization. Interest in nuclear-powered propulsion for merchant ships dates back to the 1950s when it was seen to hold great promise. The United States was the first country to successfully build and operate...

Continue Reading...

Environment

An ABS-backed joint design study for an LCO2 carrier with Hanwha, Ecolog and Babcock, revealed in 2024 (Hanwha file image)

Transporting Carbon: Steering a Course to a Sustainable Future

  The United States has taken the lead in the international race to capture carbon dioxide (CO2). According to reports, the U.S. will have the capacity to capture 164 million tons of carbon by 2035, which is almost the equivalent of Europe, Canada and the Middle East combined. The global shipping industry remains at the forefront of transporting CO2; however, it is far from plain sailing. In this article, we explore the...

Continue Reading...

Business

OSM Thome tanker

Powerhouse: OSM Thome

  It’s been a good – no, an exceptional year – for OSM Thome, marked by significant growth, strategic achievements and new opportunities in the maritime and offshore sectors. It all began with the merger of OSM Maritime and the Thome Group a year earlier.  “The merger between OSM Maritime and the Thome Group has been a success,” says Finn Amund Norbye, CEO of OSM Thome. “It was driven by a strategy to create a company of scale capable of...

Continue Reading...