The tanker Midvolga 2, en route from Russia to Georgia with sunflower oil, was attacked 80 miles off the coast of Turkey.
The 13 crew members were uninjured, and the vessel is not requesting assistance and continues onward toward Sinop. As a reminder, two more tankers en route to Novorossiysk were previously attacked off the coast of Turkey. Media reported that Ukraine was behind these attacks. Update: The Ukrainian Foreign Ministry denies involvement in the attack on […]
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Ulstein Unveils New Innovative Offshore Vessel Designs
Norwegian shipbuilding group Ulstein unveiled an updated line of innovative designs for offshore energy, service operations, and marine infrastructure. The company focuses on flexible, versatile solutions and advanced technologies to accelerate the industry’s transition to a “green” fleet. 🔹 Key Development Focus: Offshore Wind Power Vessels (SOV/CSOV)Ulstein is actively designing next-generation service and construction vessels […]
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Diana Shipping Makes Takeover Bid for Genco Shipping & Trading
Greek shipping company Diana Shipping has officially announced its offer to acquire Genco Shipping & Trading, one of the largest American dry bulk operators. 🔹 Diana is offering $20.60 per share, valuing Genco at approximately $890 million.🔹 Diana already owns 14.8% of Genco shares.🔹 The company plans to acquire the entire remaining stake and fully […]
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Jebel Ali Port Sets Record: Breakbulk Cargo Volume Reaches 20-Year High
Jebel Ali Port in Dubai, operated by DP World, set a new record: 630,000 tonnes of breakbulk cargo were handled there in October 2025 – the highest monthly volume in nearly two decades. This growth is driven by major infrastructure projects in the UAE: the expansion of the Dubai Metro (Blue Line), construction of facilities […]
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The US is again building ships before the design is complete — a report reveals a systemic problem.
A November report from the US Government Accountability Office (GAO) identified a recurring flaw in Navy and Coast Guard shipbuilding programs: ships are being laid down before the full design is complete, leading to massive delays and budget overruns. The most affected programs: 🔹 Polar Security Cutter (PSC) IcebreakerThe design documentation was only partially completed […]
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