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Despite heightened Western sanctions and stricter policies, more vessels have been pushed into this shadowy segment of the market. According to the latest weekly report from BRS Shipbrokers, the grey
Europe wants to increase its offshore wind capacity from around 37 GW today to 84 GW by 2030. The maritime supply chain – particularly shipbuilding and port infrastructure – will …
But Mr Grimaldi believes the major outcomes from MEPC 83 – and the extraordinary meeting later this year – “may help catalyse the private and public sector investments needed to …
“AI can be our smart colleagues working quietly in the background, checking operations against real-time data and compliance rules… If done right, AI will not replace the human operator but …
Published on 5 August 2025 and developed by the Federal Ministry for Economic Affairs and Energy (BMWE) and industry stakeholders, the roadmap “sends an important signal for greater security of …
Artificial intelligence (AI) tools have been created to simplify estimating the health of rope and to improve the speed and reliability of inspections. This helps to reduce accidents and injuries …
Some support structures for offshore wind turbines could fall short of required fatigue life expectations, according to a new report from classification society Lloyd’s Register (LR). As the classifi
H-Line Shipping and HD Hyundai have signed a memorandum of understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering (KSOE) and Avikus to jointly develop artificial intelligence (AI) and a
UK-headquartered BP topped analyst expectations in its profit report from the second quarter (Q2) of 2025, posting a US$2.4Bn in adusted profits and coming in some US$600M ahead of average …
Saudi Arabian oil drilling group ADES International Holding and Dubai-headquartered Shelf Drilling have signed a deal that, once approved, will see Shelf folded under ADES Group. The agreement, which
Experts refer to this as an enduring ‘dual situation,’ that sows considerable uncertainty for shipowners and recycling yards alike. While the Hong Kong Convention is now in force, its remit …
Shipmanagement and crew supply group Bernhard Schulte Shipmanagement (BSM) is rolling out methanol bunkering simulators at its key training facilities, with the first opening in India, with plans to a
Multiple shipbroking sources reported last week that a Singapore-based shipping company has acquired 63,000-dwt Ultramaxes Belinda, Belatlantic, Belsouth and Belmont. All four vessels were built in 20
The offshore wind developer has entered into a long-term partnership with North Star that will see it charter two next-generation SOVs, Grampian Eagle and Grampian Kestrel, which are both capable …
The US-listed, Cyprus-based shipowner disclosed on 31 July that its board has authorised an immediate allocation of US$5M to Bitcoin. The investment will be carried out through a “measured, institutio
In this interview, Christiaan Nijst, co-founder and director of Value Group (Value Maritime & Value Carbon), discusses the practical deployment of onboard carbon capture systems in the maritime sector
In a statement issued on 31 July, the Singapore-based company disclosed several vessels it had chartered for commercial operations were added to the US Office of Foreign Assets Control (OFAC) …
Tugs built with azimuth stern drive (ASD) and thruster in-line configurations could save fuel if these propulsors each had a 98° gearbox, according to extensive studies. Schottel undertook research i
SAAM Towage has received an Ecological Blue Flag award once more in recognition of its environmental and sustainable efforts in Central America. Latin America’s largest tug owner earned this certific
Floating offshore wind is growing quickly and commercial-scale projects are on the horizon but, to date, few cable monitoring systems are proven or demonstrated in the field. So says a …
