News Flash

Highlights• World oil demand growth is forecast to slow to 1.9 mb/d in 2Q22 from 4.4 mb/d in 1Q22 and...

Identifying emerging threats to maritime security is key in developing the right tools to ensure sound maritime security governance. To address...

Cadeler has signed a $345m contract with Cosco Shipping Heavy Industries for a construction of a jack-up foundation installation vessel....

Bureau Veritas (BV), a world leader in testing, inspection, and certification, recently approved the second generation of the REXH2® developed...

Strengthening port security is the focus of a five-day workshop (9-13 May) in Antananarivo, Madagascar. IMO officials are assisting the...

CMA CGM Group is implementing the shipping industry’s first early container return incentive program focusing on the Port of Los...

Crude Oil Price Movements Crude oil spot prices dropped in April after three-consecutive months of rises. The OPEC Reference Basket...

DP World Chile has managed to reduce emissions at its San Antonio and Lirquén port terminals by 50% and 30%,...

The International Chamber of Shipping (ICS) and the Suez Canal Authority (SCA) have formalised dialogue with the signing of an...

Norway’s Government has thrown its weight behind a drive to boost the offshore wind sector, laying down a target of...

Singapore-headquartered Swire Shipping has joined liner shipping representative body the World Shipping Council (WSC). The 150-year-old company operates in the...

Aquadrill, formerly known as Seadrill Partners, has entered into a memorandum of agreement with Brazil’s PetroRio to sell the semi-submersible...

UK-based marine energy company Sustainable Marine has harnessed the enormous tidal currents in Canada’s Bay of Fundy, delivering the first...

In Q1 2022, TORM achieved TCE rates of USD/day 16,743 (2021, same period: USD/day 13,493) and an EBITDA of USD...

The world’s first autonomous commercial ship voyage in congested waters, powered by Orca AI, in partnership with the Designing the...

MAN Energy Solutions has signed a cooperation agreement with STX Heavy Industries Co., Ltd., to deliver its three EEXI (Energy...

Hapag-Lloyd is developing a large container terminal in the northern Egyptian port of Damietta that will become a transshipment hub...

International Container Terminal Services, Inc. (ICTSI) has invested more than $20m in information technology (IT) for its flagship Manila International...

CMA CGM and PSA are collaborating on a digital just-in-time-arrival solution that could provide up to 7% fuel savings for...

Environmental groups are suing the Canadian government in a bid to overturn its approval of Equinor ASA’s huge Bay du Nord offshore oil...