YM HORIZON

A flotilla of five tankers carrying Iranian fuel for gasoline-starved Venezuela is approaching the Caribbean, with the first vessel expected to reach the South American country's waters on Sunday, according to Refinitiv Eikon tracking data.Iran is supplying about 1.53 million barrels of gasoline and alkylate to Venezuela, according to both governments, sources and calculations made by TankerTrackers.com based on the vessels' draft levels.The shipments have caused a diplomatic standoff between Iran and Venezuela and the United States as both nations are under U.S. sanctions. Washington is considering measures in response, according to a senior U.S.

A group of Japanese partner companies have signed onto a project initiated by Asahi Tanker Co., Ltd. to build the world's first zero-emission, fully electric-propulsion bunker supply vessel.The so-called e5 Consortium, including Asahi Tanker Co., Ltd., Idemitsu Kosan Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd., Tokyo Electric Power Company, and Mitsubishi Corporation, say they will work toward developing, realizing and commercializing zero-emission electric vessels.

In recognition of National Maritime Day, held on May 22 each year, President Donald Trump issued a proclamation honoring the U.S. maritime industry. The full text is below.Since the founding of our great Nation, we have relied on merchant mariners to deliver goods to market and strengthen our national security. On National Maritime Day, we recognize the United States Merchant Marine for all it does to facilitate our commerce and protect our interests at sea.Our Nation’s merchant mariners enable peaceful trade with countries around the world and provide vital sealift support to our Armed Forces.

This week marked the start of new leadership at Chesapeake-based Fincantieri Marine Systems North America, as Ryan W. Smith assumed the position as CEO for the company.Smith brings over 15 years of experience in program management and engineering roles with Northrop Grumman and BAE Systems, as well as project management and lifecycle consulting services for major defense contractors and ship repair organizations focusing primarily on support of U.S. Navy programs. Smith brings over a decade of waterfront management experience at multiple ports to help lead the expansion into total ship sustainment.FMSNA is a U.S.

This Memorial Day, as we rightfully honor the military men and women who gave their lives winning and protecting our freedoms, let us not forget an often-overlooked remembrance for the thousands of U.S. merchant mariners who also died serving our country in their own selfless ways.In 1933, by a joint Resolution of Congress and by Proclamation of the President of the United States, May 22 was set aside as National Maritime Day to honor the sacrifices of U.S. merchant mariners during wartime and in peace.