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Transpetro concludes commercial negotiation phase with Ecovix/ McLaren consortium for acquisition of Handy ships

Transpetro finalized the commercial negotiation phase with a consortium constituted by the Ecovix, in Rio Grande (RS), and McLaren, in...
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Shipbuilding orders surge to 15-year high

Owners plowed more than $188 billion into newbuilds in the first 11 months of the year, on course for the...
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Saudi non-oil exports jump 12.7% to $6.76bn in October

According to the General Authority for Statistics, chemical products led the non-oil export categories, accounting for 26.8 percent of the...
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Construction begins on Estonia’s first biomethane-powered multipurpose workboat

Estonia’s first biomethane-powered multipurpose workboat was officially laid down in a ceremonial keel-laying event, according to Estonian State Fleet's release....
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Saipem and AVEVA sign a MoU to develop AI solutions for engineering in the energy and infrastructure sector

Saipem, a global leader in engineering services for the energy and infrastructure sectors, and AVEVA, a global leader in industrial...
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COSCO and China Merchants increase investments in China LNG Transportation

COSCO SHIPPING Energy and China Merchants Energy Transportation are increasing their investments in China LNG Transportation (Holdings) Co., Ltd. (CLNG)...
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Samsung Heavy wins $508 mln ethane carrier order

Samsung Heavy Industries secured a 724 billion won ($508 million) deal to build two very large ethane carriers for an...
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Hanxin Shipping signs a liner company cooperation agreement with Luojing Branch of SIPG Group

Hanxin Shipping Co., Ltd. and Shanghai International Port (Group) Co., Ltd. Luojing Branch signed a liner company cooperation agreement, according...
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China resumes port quarantine of Australian lobsters

China has resumed routine port inspection and quarantine of lobsters from Australia, Xinhua reports citing He Yongqian, spokesperson with the...
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Egypt ranks 23rd on maritime connectivity index for 2024

The Information and Decision Support Center of Egypt’s Cabinet has released a report titled "Maritime Trade Gateways at the Core...
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Improved efficiency is enabling record U.S. crude oil production from fewer rigs

Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska and offshore production, reached a record 11.3...
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Rising US fuel demand will support both refiners and renewable producers

The US move to decarbonize the transportation fuels markets has made allies of two groups historically at odds: refiners and...
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Russia calls gas sales to Europe ‘complicated’ as deal with Ukraine nears end

Russia said on Monday the situation with European countries that buy its gas through a transit deal via Ukraine was...
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Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Amphitrite

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced...
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AST Reygar to Launch New User-Friendly Dashboard for Award-Winning BareFLEET Vessel Monitoring System

AST Reygar, a leading maritime solutions provider and part of AST Networks, is excited to announce the upcoming launch of...
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FuelEU Maritime implementation delayed for Norway and Iceland

What impact does this have? FuelEU will not apply to Norway and Iceland, the two maritime States that are EEA...
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U.S. Ships Act Promises Major Boost for Merchant Shipping and Korean Shipbuilders

On Dec. 19, the U.S. Congress introduced the SHIPS for America Act, which aims to significantly bolster the U.S. merchant...
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Indian state refiners may buy Mideast spot oil to replace Russian shortfall

Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have...
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PSC focus on NOx technical files and machinery components

GHG regulations and focus for PSC According to DNV, different PSC areas are currently scrutinizing the NOx Technical Files and...
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Healthy bunker demand, tighter non-sanctioned supply to boost Asian HSFO market

The Asian high sulfur fuel oil market will likely find some tailwinds in 2025, as a continued rise in scrubber-installed...
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