News Flash

TORM Commits To 40% CO2 Emission Cut By 2025

Danish shipping company TORM has set a new goal to achieve a 40 percent CO2 emission reduction by 2025 —...
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MOL Starts Online Sales Of Ship Equipment From Turkish Breakers

In a rather unique move designed to support the recycling of equipment and fittings from retired ships, Japan’s Mitsui O.S.K....
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QatarEnergy Joins ExxonMobil In Egypt To Explore ‘Exciting Prospects’

Qatar’s oil and gas giant QatarEnergy has entered into an agreement with ExxonMobil to acquire a working interest in an...
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ABB And PONANT Enter 10-Year MarineCare Service Agreement For Increased Vessel Safety And Uptime

ABB MarineCare to secure safe and sustainable operations of PONANT’s polar exploration cruise vessel Le Commandant CharcotService package includes continuous...
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COSCO SHIPPING Ports Announces 2021 Annual Results

COSCO SHIPPING Ports Limited, the world’s leading ports operator, today announced the annual results of the Company and its subsidiaries...
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UK Pressures Ports To Block P&O Ferries Over Firings

The U.K. government put the onus on port owners to block operations by P&O Ferries after the company fired staff...
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Konecranes – Cargotec Merger Called Off After UK Competition Authority Rejection

Cargotec and Konecranes have abandoned merger plans after the UK Competition & Markets Authority (CMA) blocked the proposed combination. The...
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Isle of Man Ship Registry, FuelTrust Sign Deal For Green Ship Validation

The Isle of Man Ship Registry (IOMSR) has signed a memorandum of understanding (MoU) with Houston-based technology company FuelTrust to...
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Shell Fires Up Olympus Tie-Back In Gulf Of Mexico

Oil major Shell has kicked off production from a deepwater tie-back to its Olympus production hub, unlocking further value in...
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Inmarsat Launches Fleet Xprerss For Shipyards

Inmarsat, the world leader in global, mobile satellite communications, has made its market-leading maritime broadband service, Fleet Xpress, available to...
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SSA Places The Environment Firmly On Its List Of Priorities By Signing A Partnership Agreement With The Global Centre For Maritime Decarbonisation

Singapore Shipping Association (SSA) has underlined its commitment to reducing shipborne emissions by signing a partnership agreement with the Global...
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MSC Adds New Service At Jaxport

Mediterranean Shipping Company (MSC) is now offering a new Caribbean container service calling at Jacksonville Port Authority (Jaxport). MSC’s Florida...
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Maersk To Enter Wind Installation Market With New WTIV

Maersk Supply Service, a unit of A.P. Moller-Maersk, will construct its first offshore wind turbine installation vessel (WTIV) following a...
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Mitsubishi Shipbuilding To Build LNG Bunkering Vessel– Contract With Joint Venture Firm Operating An LNG Fuel Supply Business In The Kyushu And Setouchi Regions

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries, Ltd. (MHI) Group based in Yokohama, has concluded a contract...
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Port Of Savannah Completes Channel Deepening Project

The Port of Savannah has completed a decades-long deepening project allowing it to serve larger vessels. The deepening of the...
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Shortsea Cargo Ship Demonstrates Wind Propulsion Retrofit

Demonstrating the ability to retrofit wind propulsion capabilities to older vessels, Dutch shipping company Amasus Shipping announced it will work...
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CMA CGM Pursues $130 Million Expansion In The Saudi Market

CMA CGM Group has signed an agreement with the Saudi Ports Authority (SPA) to launch a 130,000 sqm specialised container...
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First Attempt At Refloating Ever Forward Unsuccessful

Ever Forward remains stuck in Chesapeake Bay more than two weeks after its grounding. The initial effort to refloat the...
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Aker BP Gets Govt Nod To Ramp Up Gas Output From Norwegian Sea Field

Amid growing energy supply concerns across Europe due to the Ukrainian crisis, resulting in increased oil and gas prices volatility,...
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Carbon Collectors To Assess Value Maritime’s Carbon Capture Tech Onboard New Tugs

Dutch maritime technology company Value Maritime and compatriot CO2 collecting firm Carbon Collectors will together perform a conceptual design study...
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