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Panama Canal Tightens Draft Limits on El Niño Drought Fears

Panama Canal Tightens Draft Limits on El Niño Drought Fears

The Panama Canal Authority has imposed further draft restrictions at its Neopanamax locks in response to warnings of a potentially severe El Niño that could reduce water availability. The maximum authorised draft will dr…

Tue Jul 07 20266 min
Bahri Logistics Orders Two Offshore Vessels From Grandweld Shipyard

Bahri Logistics Orders Two Offshore Vessels From Grandweld Shipyard

Bahri Logistics, part of Saudi Arabia's Bahri Group, has signed a newbuild agreement with Grandweld Shipyard for two offshore vessels to strengthen its offshore operations. The vessels, believed to be 25-metre crewboats,…

Tue Jul 07 20266 min
US Tug Owners Expand Fleets as New Energy Terminals Open

US Tug Owners Expand Fleets as New Energy Terminals Open

US operators are expanding their harbour tug fleets with newbuild vessels in response to new energy export terminals on the Gulf Coast and larger container ships on the eastern seaboard. Shipyards across the country are…

Tue Jul 07 20264 min
Advent to Sell Ultra Maritime to Lockheed Martin for $3.45 Billion

Advent to Sell Ultra Maritime to Lockheed Martin for $3.45 Billion

Cobham Ultra, a portfolio company of private equity investor Advent, has agreed to sell undersea warfare specialist Ultra Maritime to Lockheed Martin for 3.45 billion dollars. The deal follows a three-year period in whic…

Mon Jul 06 20267 min
Seatrium Achieves First Floating Platform Power Export to Singapore Grid

Seatrium Achieves First Floating Platform Power Export to Singapore Grid

Seatrium has achieved the first export of electricity to Singapore's national grid from its Floating Living Lab, marking a step forward in next-generation floating energy infrastructure. The platform integrates distribut…

Mon Jul 06 20267 min
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