US Will Reinsure Maritime Losses in Gulf Region Up to $20b

7 March 2026 | 2:44 am

The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development Finance Corporation said on Friday.President Donald…

Swedish Coast Guard Boards Vessel Suspected of Being Stateless in the Baltic Sea

7 March 2026 | 2:41 am

The Swedish coast guard said it boarded and took control of a suspected stateless vessel in Swedish waters of the Baltic Sea on Friday, and it was carrying out investigations on the ship."At 3:50 p.m. today, the Coast Guard took control of a…

Island Marine Electric Names Doug Bennis as Vice President of Sales & Marketing

7 March 2026 | 1:19 am

Island Marine Electric has appointed marine technology sales veteran Doug Bennis as Vice President of Sales & Marketing.Bennis brings experience in the maritime and satellite communications industries, where he has led global sales initiatives…

Russian Urals Prices Tops Brent in Indian Market for the First Time

7 March 2026 | 2:25 am

Russian flagship Urals oil is selling at a premium to the Brent international benchmark at delivery in Indian ports for the first time ever, fuelled by rising demand due to the Iran war, traders said on Friday.The U.S.-Israeli war against Iran…

Maritime Insurance Surges as Iran Conflict Expands

7 March 2026 | 12:11 am

As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.The conflagration sparked by Saturday's Israeli-U.S.

Asian Oil Refineries, Petrochemicals Cut Runs as MidEast Conflict Escalates

7 March 2026 | 12:04 am

Several Asian refineries and petrochemical companies were forced to cut runs and declare force majeure as the U.S.-Israel war on Iran disrupted crude and feedstock exports from the Middle East.Asian steam crackers, which source more than 60% of their naphtha feedstock from the Middle East…

Sanmar Delivers Four Electric Tugs to BOTAŞ

6 March 2026 | 9:10 pm

Sanmar has held a ceremony to mark the delivery of four of its fully electric ElectRA tugboats to Türkiye’s state-owned crude oil and natural gas pipelines and trading company, BOTAŞ.The four eco-friendly, emissions-free harbor tugs are based…

Congressman Mike Ezell Receives AAPA’s 2026 Port Person of the Year Award

6 March 2026 | 8:53 pm

At this year’s annual Legislative Summit, the American Association of Port Authorities (AAPA) proudly named U.S. Representative Mike Ezell (MS-04) as the 2026 Port Person of the Year for his commitment to the seaport and maritime industry. AAPA…

Obituary: Don O’Keeffe, Naval Architect

6 March 2026 | 7:12 pm

Burger Boat Company announced the passing of longtime Burger Naval Architect Don O’Keeffe, whose influence on the company’s engineering excellence and yacht design legacy spanned decades. O’Keefe passed away at his home in Manitowoc, Wisconsin…

Designing the Quiet Vessel: Attention Noise and Vibration on Day One

6 March 2026 | 5:43 pm

Owning and operating a quiet boat offers many benefits, from crew comfort and retention to efficient, safe operations. While the benefits are clear, it’s generally not the first line of design and concern for most vessel owners.Noise is a funny thing in the marine world: it’s invisible…