Maritime Propulsion News
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CMB.Tech core profit doubles due to Hormuz disruption, which increases tanker rates
CMB.Tech's core profit doubles due to strong market and Hormuz disruption, boosting tanker rates significantly.
Vision Marine signss letter of intent to be acquired by a private defense company
Vision Marine to be acquired by a private defense firm, focusing on AI, autonomous systems, and electrification. Deal to finalize by year's end.
Oman claims that weather and technical difficulties are hampering the salvage of oil-spills and tankers.
The sultanate’s?state media agency? reported on Monday that weather conditions and operational difficulties were hindering salvage efforts of a grounded tanker leaking Russian crude in a marine protected area off Oman’s…
Smart trucks and tugs that never sleep. Automation rewires US transport: Maguire
U.S. Transportation has become increasingly efficient with advances in engine technologies, infrastructure upgrades and more sophisticated logistic networks. The next wave will be different. The automation of…
Trump orders Navy to tear down jet launch system and return to steam catapults
?U.S. The White House announced on Thursday that President Donald Trump had 'ordered' the Navy to "tear out" a complex system used to launch jet fighters off its aircraft carriers, and to instead return to steam…
Smart trucks and tugs that never sleep. Automation rewires US transport: Maguire
U.S. Transportation has become increasingly efficient with advances in engine technologies, infrastructure upgrades and more sophisticated logistic networks. The next wave will be different. Automation transforms…
Ambrey involved in the salvage of stricken Caroline Bezengi, off Omani Coast
Ambrey aids salvage of tanker Caroline Bezengi off Omani coast, addressing massive oil spill amid harsh weather and wildlife threats.
JCB Hydromax, a British vehicle powered by hydrogen, sets a new world record for land speed.
JCB Hydromax sets new land speed record for hydrogen-powered vehicles at 406.320 mph, driven by Andy Green at Bonneville Salt Flats.
UKMTO reports an incident involving container ships and military forces in the Gulf of Oman
UKMTO reports a container ship hit by missile in Gulf of Oman. Incident involves military forces noted by maritime security sources.
Leaders face first major tactical test near Land's End
Fleet faces major tactical test at Land's End in RORC Round Britain & Ireland Race, navigating TSS exclusion zones near Isles of Scilly.
Sources say that Safe Harbor, owned by Blackstone, is close to a $1.5 billion deal with MarineMax.
Blackstone's Safe Harbor nears a $1.5B deal with MarineMax, expanding its marina network in a high-stakes acquisition.
SBM Offshore's revenue has more than doubled, resulting in a new upward revision of its outlook
SBM Offshore doubles revenue, raising forecasts with strong sales and activity. New outlook: $7.6B in 2026 revenue and $1.9B EBITDA.
Singapore's marine fuel prices are higher than other regional countries due to a tighter supply
Singapore's marine fuel prices spike due to reduced refinery production and limited sweet crude imports, surpassing $58 per ton this week.
Sources say that a dry bulk ship was struck near the Strait of Hormuz and its crew abandoned ship.
Dry bulk ship Minoan Pioneer struck near Strait of Hormuz; crew abandoned ship; one seafarer missing.
Singapore grants new LNG bunkering licences
Singapore expands LNG bunkering with 8 new licenses to boost capacity as a multi-fuel hub, effective September 2026.
Sources: Blackstone and Donerail are among the final bidders to buy yacht retailer MarineMax.
Blackstone and Donerail are final bidders for yacht retailer MarineMax as the company explores a sale. #YachtIndustry