News Flash

IACS Publishes EEXI Implementation Recommendations

The International Association of Classification Societies (IACS) has issued its recommendations to support consistent implementation of EEXI. The IACS guidance...
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Performance Shipping Inc. Announces New Loan Facility With Piraeus Bank S.A. To Finance Acquisition Of Sixth Aframax Tanker

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that it has entered...
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Biden Administration’s Offshore Drilling Plan Could Bring Up To 11 Lease Sales

The Biden administration opened the door to selling new oil and gas drilling leases in the Gulf of Mexico and...
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ClassNK Releases Comprehensively Revised Structural Rules

Leading Classification Society ClassNK released a comprehensively revised version of Part C of its Rules and Guidance for the Survey...
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Port Of Rotterdam Authority Abandons Normal Amsterdam Water Level (NAP) After 200 Years

The Normal Amsterdam Water Level (NAP) has been used as the basis for Vessel Traffic Services in the port of...
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Halliburton Rig Gearing Up To Kick Off Kuwait’s First Offshore Drilling Campaign

Kuwait’s state-owned E&P company Kuwait Petroleum Corporation (KPC) has revealed that the country will be embarking on its first offshore...
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INPEX, IHI, MOL Demonstrate Clean Ammonia Supply Chain Linking UAE And Japan

INPEX CORPORATION (INPEX), IHI Corporation (IHI) and Mitsui O.S.K. Lines, Ltd. (MOL) announced they have executed the demonstration of a...
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Onshore & Offshore Deals In Middle East Bring Saipem $1.25 Billion

Italian oilfield services giant Saipem has been awarded multiple onshore extensions and new offshore contracts in the Middle East, totalling around...
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CMA CGM And ENGIE To Produce Biomethane Fuel For Shipping In France

Shipping line CMA CGM and energy group Engie plan to launch biomethane production in France in 2026 as they look to develop...
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All Systems Go For Wintershall Dea To Bring North Sea Tie-Back On Stream

Wintershall Dea Norge, a subsidiary of Germany’s oil and gas company Wintershall Dea, has now secured all necessary approvals from...
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Second Med Marine Tugboat Joins Svitzer Suez Fleet

Med Marine delivered its second MED-A2885 tug to Svitzer earlier this month to join the company’s Suez Canal fleet. Named...
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KR Representative Elected Chair Of IACS Hull Panel

Korean Register (KR) is pleased to announce that Mr. CHO Hyungmin, Principal Surveyor of Ship & Offshore Technology Team, has...
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Norway Supports 5 New Shore Power Projects

Enova, a Norwegian government enterprise, is supporting five new shore power projects in the country with NOK 34 million (about...
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UAE And India Step Up Ports Partnership

The UAE's DP World and India's National Investment and Infrastructure Fund (NIIF) are intensifying their collaboration. The NIIF is to...
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ABB To Power Japan’s First Electric Tugboat For Efficient And Sustainable Operations

The electric tugboat Taiga is the result of a collaboration between Tokyo Kisen Co., Ltd. and e5 Lab Inc., a...
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The Signal Group Launches A Tech Enabled Bunker Procurement Company

The Signal Group has launched Shipergy, an innovative bunker procurement company. The new company is led by former LQM CEO,...
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Aker BP – Lundin Merger To Come Into Force Today

Norwegian oil and gas company Aker BP has revealed that the acquisition of Lundin Energy’s oil and gas business, through...
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Braemar Launches Digital Platform To Offset Vessel And Cargo Emissions

Braemar, expert advisors in shipping investment, chartering, and risk management, today announces the launch of Braemar Offset, a digital platform...
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Swire Shipping Completes Westwood Shipping Lines Acquisition

Swire Shipping affiliate SSPL US Inc has completed its acquisition of Westwood Shipping Lines. Swire confirmed that the acquisition had...
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Headway Carbon Capture And Storage System (CCS) Has Been Approved By DNV Classification Society

Recently, the carbon capture and storage system (CCS) independently developed by Headway Technology Group (Qingdao) Co., Ltd. obtained the Approval...
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