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Brazilian oil major Petrobras reported a net profit of R$35.0Bn (US$6.0Bn) in Q1 2025, with adjusted EBITDA of R$61.0Bn. “We increased our production by more than 5% compared with the …
“Unfortunately, the regulation falls short of the industry’s more ambitious proposals and is unlikely to drive meaningful progress on decarbonising our industry,” said Dr Coustas during the company’s
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"The vessel is the first of its kind made in the EU and shows how the maritime industry in the north of the Netherlands can contribute to the energy transition. …
EU Commission President Ursula von der Leyen announced the approval of the 17th sanctions package against Russia in a post on X. The new measures add 189 vessels to the …
Ports of Stockholm has now inaugurated Sweden’s second facility for onshore power supply (OPS) for international cruise ships. The new facility was put into operation on 12 May when Viking …
The call for equal opportunities aligns with one of shipping’s most important goals: achieving diversity and inclusion through meritocracy. Speaking to Riviera for the International Day for Women in
The agreement, finalised alongside last month’s final investment decision (FID), establishes the framework for operations scheduled to commence in 2028. The deal comes as Northern Lights commences in
On 7 May, China’s Hengli Heavy Industry hosted a triple naming ceremony for 82,000-dwt Kamsarmax bulk carriers being built for the traditional Greek shipowner. According to the shipbuilder, Ithaki I …
Norway-based TGS has seen strong interest in its extensive library of offshore seismic data and orders from a strong energy sector, but is cautious about short-term demand due to low …
SeaTec managing director Tino Rizzo and OSM Thome business development manager Torbjorn Lie presented diverging but complementary views on shipping’s decarbonisation pathways at the International Chem
Fairplay Towage Group has won a contract to provide emergency towage in the German sector of the Baltic Sea from the Waterways and Shipping Office. The Hamburg, Germany-headquartered vessel owner …
LSEAC is a joint venture between LS Group and the Global Interconnector Group. Although its plans are at an early stage and still being finalised, it says the total investment …
Allied Shipbroking head of valuations Chara Georgousi told Riviera although global newbuilding activity fell approximately 58% year-on-year during the first four months of 2025, South Korea’s market s
The project will see the £90M (US$119M) construction of a dual-purpose deepwater quay which will be able to accommodate some of the world’s largest cruise vessels. It will also expand …
Società Esercizio Rimorchi e Salvataggi (SERS) has won another 15-year towage concession of the Port of Ravenna following a tendering process in which it was the only viable candidate. It …
The text released by the House Ways and Means Committee of the Reconciliation bill being considered by the House of Representatives would roll back provisions in the Investment Reduction Act …
An MSC container vessel has reportedly run aground some 100 nautical miles (nm) off the coast of Jeddah, in Saudi Arabia. Videos of an MSC vessel, taken from a tug …
The agreement was signed in the margins of the informal meeting of EU energy ministers in Warsaw by Commissioner for Energy and Housing Dan Jørgensen and energy ministers of the …
An MSC container vessel has reportedly run aground some 100 nautical miles (nm) off the coast of Jeddah, in Saudi Arabia. Videos of an MSC vessel, taken from a tug …
