Maersk has signed a memorandum of understanding in Egypt to explore green ship recycling in the Middle Eastern nation as part of the government’s bid to be less reliant on imported scrap metal.

Thirteen days on from its grounding off Newfoundland, salvors are struggling to work out how to remove the MSC Baltic III from the icy, stormy shoreline near Lark Harbour. With reports emerging of ...

Angola’s Sonangol is lining up suezmax crude tanker newbuildings in South Korea. Shipbuilding sources report the state-controlled oil company has returned to HD Hyundai Heavy Industries for a ...

“Managing demurrage claims has often meant juggling different tools, processes, and providers depending on the cargo. Bringing HubSE into the Marcura ecosystem changes that. For the first time ...

Despite getting back to normal operations by Q4 last year, shipping volumes have yet to fully recover. Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting ...

Jiangsu Dajin Heavy Industry has revealed that it entered into a section fabrication, general assembly, equipment installation, and commissioning contract for a 200-person jackup accommodation rig ...

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of ...

An approval in principle (AiP) certificate has been granted for an ammonia fuelled ammonia bunkering vessel. The project has been led by Japanese shipowner Nippon Yusen Kaisha (NYK) along with ...

Prices are up for vintage VLCCs as brokers predict higher rates for ships trading outside the dark fleet. Prices for vintage VLCCs went down in January. Now, VLCC pricing is firming again for ...

Swedish shipowner Stena Bulk has signed a deal with NNPC Shipping, part of oil producer Nigerian National Petroleum Corp and local integrated offshore support player Caverton Marine for a new ...

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on more than 30 persons and vessels in multiple jurisdictions for their role in brokering the ...

“Esso Australia continues to invest in multiple projects that ensure our Gippsland operations sustain gas production well into the 2030s. Projects like Kipper 1B are vital to help meet the ...