Ocean Carriers Re-enter Charter Market Due to Increased Demand
Anticipation of better-than-expected demand across trade routes leads ocean carriers to re-enter charter market in search of available tonnage.
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Havfram Achieves a Deal for German Offshore Wind
Havfram Wind seals contract for work on wind turbine transport and installation on RWE’s 1.6GW offshore wind farm found in the German North Sea.
Largest Global Car Carrier Gets Green Light in Principle
Deltamarin has recently obtained Approval in Principle (AiP) from DNV for their groundbreaking design of an 11,000 CEU pure car and truck carrier
Toyo Secures Deal with VARD for Tailored Hybrid Cable Layer
VARD inks $200 million agreement with Toyo. The contract covers planning and construction of an advanced hybrid cable lay and construction vessel
NYK’s LNG to Ammonia Fuel Tugboat Plan Pushes Forward
Agreement between NYK & Keihin Dock Co., Ltd, a member of the NYK Group, is reached for the modification of a tugboat to ammonia-fuel standards.
Prax Group Acquires New 68 Meter Tanker
The Prax Group of Companies company, Harvest Energy Marine, has announced the acquisition of the Fortuna II, a brand-new tanker.
Karpowership Fails to Overturn Environmental Ruling
After receiving objections from environmentalists over Karpowership's impact on fisheries & ecosystems South Africa rejects original proposal.
MPA Suspends Glencore’s Licence
Following an inquiry into fuel contamination earlier this year, the MPA Singapore has decided to suspend Glencore's bunker permit for two months.
PETRONAS Signs MoU to Examine CCS Value Chain Opportunities
MoU signed by PETRONAS with 6 Korean businesses to conduct feasibility studies around developing value chain for CO2 capture, transport, storage.
Study on Carbon Capture and Storage on Ship Launches
The Qiyao Environmental Technology-created CCS idea has undergone laboratory testing and is currently undergoing continual optimization.
Stena Drilling Secures Contract with Shell UK
Shell UK and offshore drilling contractor Stena Drilling have agreed to a new contract for the use of Stena Don, a semi-submersible drilling rig.
Trade Organizations Call for Review of EU Competition Rules
Trade organizations requesting the review of the European Union's Consortia Block Exemption Regulation for container shipping get underway.
UKHO To Stop Paper Charts
The UK Hydrographic Office projects that the progressive elimination of paper charts from production would be completed by the end of 2026.
Deal Struck to Put an End to the Daewoo Shipyard Strike
Since June 2 120+ unionized DSME subcontractors have occupied a sit-in at the Okpo shipyard on Geoje Island calling for a 30 percent pay increase
D’Amico Secures Refinance
$82 million sustainability-linked loan for 4 company's tankers has been signed by d'Amico Tankers, a division of d'Amico International Shipping.