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In an SEC filing dated 28 May, the US-listed Greek dry bulk giant disclosed two additional vessel sales that were not included in its recently released Q1 2025 earnings report. …
“The regulations should further drive the uptake of batteries and hydrogen fuel cells” Still, the regulations should further drive the uptake of batteries and hydrogen fuel cells in the sector, …
Polys Hajioannou-led Safe Bulkers referenced this trend in its Q1 earnings report. The company noted that while there have been some market corrections, secondhand vessel values have shown resilience
Velesto Energy Bhd secured its second contract for drilling work in southeast Asia in May, signing a long-term deal with PC Ketapang II Ltd, PC North Madura II Ltd, and …
PACC Offshore Services Holdings (POSH) has towed a floating production storage and offloading (FPSO) from China to Angola for a joint venture between two European oil majors. Azule Energy is …
Chinese fleet sanctions create market volatility Chinese-owned vessel capacity faces escalating exposure to US trade restrictions, with tariffs and fees on Chinese-owned and operated vessels schedule
Damen Shipyards has developed naval architecture for harbour and coastal tugs ready for the adoption of alternative fuels to diesel as the towage industry aims to reduce greenhouse gas emissions …
Turkey’s Directorate General of Coastal Safety (KEGM) has ordered two 42-m salvage and escort tugs from Med Marine, which will be built at the Eregli Shipyard on Turkey’s Black Sea …
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Flex LNG has initiated a lease refinancing programme for a trio of its LNG carriers. In the first transaction, the company used US$175M in JOLCO lease financing for the vessel …
Space Norway has added SpaceX’s Starlink low Earth orbit (LEO) satellite connectivity to its suite of communications services to ships and offshore support vessels operating in northern seas, Europe,
The newly established Solvang Gas Carriers is a 50-50 joint venture that will initially own Solvang’s modern fleet of 13 very large gas carriers, including seven currently under construction. The …
One of the most powerful LNG dual-fuel harbour tugs ever built was the winner of International Tug & Salvage (ITS) Tug of the Year 2025 Award, sponsored by Bureau Veritas. …
In a message to The Netherlands Minister of Climate Policy and Green Growth Sophie Hermans, the coalition asked the Minister to accelerate the electrification of Dutch industry and adopt the …
Shearwater Geoservices reported rising revenues and pre-tax earnings, and record-high fleet utilisation in Q1 2025 due to an increasing demand for seismic surveys. The Oslo, Norway-listed survey ship
According to Intermodal head of research Yiannis Parganas, global seaborne dry bulk volumes fell by nearly 2.0% year-on-year in Q1 2025. He forecasts total volumes will decline by approximately 1.1% …
Swiss two-stroke marine engine designer WinGD has launched its global service offer, expanding its original parts supply, in-service support and technical advisory beyond the engine warranty period ac
"We’re not just reimagining our past; we’re engineering our future with the same bold vision that built the Titanic," said Belfast Harbour chief executive Joe O’Neill at this year’s annual …
Abu Dhabi-based ADNOC Offshore awarded a US$1.15Bn, 15-year contract to ADNOC Drilling for two jack-up rigs that will “leverage advanced digitalisation, real-time data analytics and AI.” ADNOC Drilli
The shipowner has partnered with the Shanghai Merchant Ship Design and Research Institute (SDARI) and RINA in a joint development project to create a dual-fuel VLSFO/LNG and hydrogen-powered Ultramax
