News Flash

Cyprus Committed To Accelerating Shipping’s Low Carbon Transition

As a leading maritime nation, Cyprus is committed to accelerating the transition of shipping to a low-carbon and climate-resilient industry,...
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Nova Innovation Gets Clearance To Install Five 100kW Tidal Turbines In Canada

Scottish tidal energy company Nova Innovation has received authorization from Fisheries and Oceans Canada (DFO) to install five 100kW in-stream...
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Tern Island Heralds New Era In Tanker Operation

Swedish tanker owner, Terntank, and the Port of Gothenburg have jointly pioneered the introduction of zero-emission port calls for tankers....
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European Buyers Look To WTI Midland Despite Backwardated Structure

European end-users are looking toward WTI Midland to fill their light sweet crude requirements despite the backwardated market structure amid...
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ExxonMobil Flows First Oil From Second Offshore Development For Guyana

U.S. oil major ExxonMobil has kicked off the first production from the second phase of its Liza project located on...
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Russia-Ukraine Tensions Could Jeopardize 30% Of European Gas Demand – US LNG Can Play A Role In Bridging The Gap

An escalation of military tensions between Russia and Ukraine could put up to 155 billion cubic meters per year of...
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WIG Passenger Craft Startup Attracts Big Backers

A team of Boeing alumni has launched a startup company focused on developing an all-electric wing-in-ground effect (WIG) craft for...
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Micronesia Follows Marshall Islands Out Of The PIF Alliance

The Federated States of Micronesia (FSM) will temporarily rescind its withdrawal from the Pacific’s main political forum, the country’s foreign ministry...
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CMA CGM To Stop Carrying Plastic Waste Cargo

CMA CGM is to stop carrying plastic waste on its ships from 1 June in a bid heeding the call...
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Qatargas Buys 10 Steam-Turbine LNG Carriers Despite Fast-Approaching EEXI/CII Enforcement Date

Contrary to market expectations, Qatargas recently signed a deal to acquire 10 steam turbine LNG carriers, averaging 23 years, from...
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Heerema’s Sleipnir Vessel To Install Ichthys Module In Single Lift

Dutch offshore contractor Heerema Marine Contractors and its Sleipnir vessel have been selected by Inpex as a contractor of choice...
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CMA CGM Joins Global Efforts To Reduce Plastic Waste In The Oceans

CMA CGM Group announced that it will stop transporting plastic waste on its ships as part of a broader effort...
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GTT Is Selected By Hyundai Samho Heavy Industries To Design The Tanks For Three LNG-Fueled Container Vessels With Its Membrane Containment Technology

GTT has received an order from its partner, the Korean shipyard Hyundai Samho Heavy Industries, for the fuel tank design...
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Busiest January On Record For Port Of Long Beach

The Port of Long Beach moved 800,943 teu in January 2022 on the back of strong imports and exports. The...
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EU: Growth Expected To Regain Traction After Winter Slowdown

The Winter 2022 Economic Forecast projects that, following a notable expansion by 5.3% in 2021, the EU economy will grow...
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ZIM In $870 Million Boxship Charter Deal With Navios

ZIM is chartering 13 containerships from Navios Maritime Partners in a $870m deal. The deal comprises a mix of secondhand...
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Equinor Awards Extensions Worth Over $1.3 Bln To Norwegian Suppliers

Norwegian oil and gas company Equinor has extended agreements valued at around NOK 11.5 billion (over $1.3 billion) with Norwegian...
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WSC Outlines Six Critical Pathways To Zero-Carbon Shipping

The World Shipping Council (WSC) — the united voice of liner shipping — has identified six regulatory and economic pathways, all...
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Semco Maritime To Service Floatel Unit Ahead Of New Job

Offshore accommodation rig provider Floatel International has awarded Semco Maritime a contract for service work on the semi-submersible rig Floatel...
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States Urged To Accept Treaty Amendments To Expand IMO Council

Member States of the International Maritime Organization (IMO) are being urged to accept amendments to the IMO Convention as soon...
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