Saltchuk Expands Maritime Portfolio with $1.5 Billion Great Lakes Dredge & Dock Acquisition
Seattle-based Saltchuk has agreed to acquire Great Lakes Dredge & Dock, the largest dredging contractor in the United States, in a $1.5 billion all-cash deal
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Seattle-based Saltchuk has agreed to acquire Great Lakes Dredge & Dock, the largest dredging contractor in the United States, in a $1.5 billion all-cash deal
Russia’s sanctioned Arctic LNG 2 plant is expected to receive two more domestically constructed ice-class liquefied natural gas carriers in 2026, further
Cargo volumes along Russia’s Northern Sea Route fell in 2025, underscoring how Western sanctions are increasingly curtailing Moscow’s long-held ambitions
Iran’s oil exports slipped modestly in January, but the data points to durability rather than decline. A mature dark fleet ecosystem continues to move crude
U.S. expanded licenses for Venezuelan oil exports are expected to restore PDVSA production to pre-blockade levels of 1.2M bpd by mid-2026. Vitol and Trafigura
Danaos reported solid fourth-quarter earnings for 2025 while locking in $4.3 billion in contracted revenue and expanding into LNG through a new partnership
Western naval interdictions are forcing sanctioned oil tankers out of fraudulent flags and back under the Russian registry, marking a major shift in how Moscow
A fuel barge ran aground near the entrance to San Juan Harbor on Monday while being towed inbound from St. Thomas, prompting a Coast Guard response near Old
Maersk orders eight 18,600-TEU dual-fuel containerships for 2029-2030 delivery, choosing operational flexibility over megaship scale despite recording its
Four MOL LNG carriers built for modern ice-strengthened operations remain idle more than six months after the European Union lifted sanctions following
The EU proposes unprecedented sanctions targeting ports in Georgia and Indonesia that handle Russian oil, marking the first time the bloc has sanctioned
Hong Kong has protested against Panama’s court ruling which struck down the contract granted to Li Ka-shing’s CK Hutchison Holdings Ltd. to operate two
U.S. container imports are expected to fall sharply in the first half of 2026 as ongoing tariff uncertainty disrupts trade flows, according to the latest
The U.S. Maritime Administration has issued a new security advisory after Iranian forces threatened a U.S.-flagged tanker in the Strait of Hormuz, warning
India’s Coast Guard has dismantled an international oil-smuggling network off the country’s west coast, targeting vessels accused of conducting illicit
U.S. forces have seized the sanctioned crude oil tanker Aquila II in the Indian Ocean after tracking the vessel more than 10,000 miles from the Caribbean,
The Panama Canal Authority opened spillways at Gatún Dam after the reservoir reached its maximum operating level, marking a sharp reversal from the drought
Some supertanker operators are speeding up transits through the Strait of Hormuz as U.S.–Iran tensions rise, with VLCCs reaching speeds well above normal
The United States has unveiled a sweeping new sanctions package targeting Iran’s shadow fleet, designating vessels, managers, and traders involved in illicit
Singapore has issued its clearest warning yet over the growing presence of sanctioned “shadow fleet” tankers operating near the Straits of Malacca and
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