Massachusetts Maritime Academy Professors Honored at IACBE Conference
Massachusetts Maritime Academy, a public university with undergraduate degree programs focusing on science, engineering, technology, math, and business that blend academics and experiential learning is proud to announce that International Maritime Business Professors Bhani Ghosh and Paul Szwed recently presented at the International Accreditation Council for Business Education (IACBE) conference in Salt Lake City, Utah.
Oil Prices Unstable Ahead of Uncertain US-Iran Peace Talks
Oil prices zig-zagged between negative and positive territory on Friday as traders weighed supply disruptions against the potential restart of peace talks between the U.S. and Iran that could help limit those disruptions.Prices rose 2% earlier in the day on fears of renewed military escalation in the region after Iran released footage on Thursday of commandos boarding a cargo ship in the Strait of Hormuzā¦
EU Continues to Push for Shipping Carbon Levy
European Union countries agreed on Friday to keep pushing for a global price on shipping's CO2 emissions in U.N. talks next week, setting up another potential clash with the United States over the proposal.Governments at the International Maritime Organization decided last year to postpone the climate plan by a year, after the Trump administration strongly opposed the measure and threatened to imposeā¦
China Conducts Live-Fire Drills Near Luzon Island as US, Philippines Hold Annual Military Exercises
China conducted military drills recently including live-fire exercises in waters east of the Philippines' Luzon Island, it said on Friday, as Manila and Washington host annual drills that extend towards disputed areas of the South China Sea.Over 17,000 troops from the U.S., the Philippines and allies began their annual Balikatan military exercises this week, with combat troops from Japan joining forā¦
Coast Guard Offloads $19.3m of Illicit Drugs Seized in the Caribbean Sea
U.S. Coast Guard Cutter Resoluteās crew offloaded approximately 2,570 pounds of cocaine worth more than $19.3 million and transferred six suspected drug smugglers to federal authorities, Thursday, at Base Miami Beach.The seized contraband was the result of three interdictions in the Caribbean Sea by the crew of the Coast Guard Cutter Tahoma and the crew of the USS Billings with an embarked Coast Guardā¦
Njord Survey Inks Equinor Pipeline Inspection Deal in Europe
Njord Survey has secured a three-year framework agreement with Equinor for pipeline inspection and integrity work across European waters.The contract includes an option to extend for one additional year and covers geophysical surveys and offshore operations.Njord Survey said the agreement builds on previous collaborations and will support offshore operations through high-resolution surveys and vesselā¦
ABS, PIL to Collaborate on Emissions Verification for Marine Fuels
The American Bureau of Shipping (ABS) and Pacific International Lines (PIL) have signed a memorandum of understanding to collaborate on emissions verification linked to alternative marine fuels.The agreement supports PILās participation in book and claim registries, aimed at enabling independently verified claims of emissions reductions.Under the arrangement, ABS will act as an independent third-party verifier of PILās fuel consumptionā¦
ABS Signs Pact with Fleet Robotics on Maritime Robotics
The American Bureau of Shipping (ABS) and Fleet Robotics have signed a memorandum of understanding to collaborate on autonomous robotic systems for hull cleaning and inspection.The agreement, announced at Singapore Maritime Week, aims to support the deployment of robotic systems for vessel maintenance.āIt is an honor to work alongside Fleet Robotics to advance autonomous robotic systems for the industry.
Helix, Hornbeck Merger to Form āPremierā Offshore Services Company
Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company.Under the agreement, Hornbeck shareholders will own about 55% of the combined company, while Helix shareholders will hold around 45%.The combined company will operate under the Hornbeck Offshore Services name and trade on the New York Stock Exchangeā¦
