News Flash

Nordic American Tankers Ltd Says Fourth Quarter Of 2021 Was Its Best In Over A Year: Prospects Are Good

Highlights:As regards the recent political events in Russia and Ukraine, we shall comment later when matters are more clear. 1....
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CMA CGM Launches Global Biofuel Bunkering Trial In Singapore

The CMA CGM Group, a world leader in shipping and logistics, with the support of the Maritime and Port Authority...
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UK Competition Regulator Investigating Noble-Maersk Drilling Merger

The UK’s competition regulator is looking into the proposed merger between two offshore drilling giants, Noble Corporation and Maersk Drilling....
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BIC And FIATA Join Cargo Integrity Group

The original five partners of the Cargo Integrity Group have welcomed the Bureau International des Containers (BIC) and the International...
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UK Needs Dedicated Shipping Minister, Better Export Finance

The UK can take steps to maintain its position as a leading maritime nation, according to Maritime London chair Harry...
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Hyundai Heavy Industries Reopens Gunsan Shipyard

Surging newbuild orders and a ballooning backlog have prompted Hyundai Heavy Industries (HHI) to resume operations at the Gunsan shipyard in...
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New York Bight Offshore Wind Auction Blows Away Record With $4.37 Billion In Winning Bids

After three days and 64 rounds of bidding, the U.S. Department of the Interior Bureau of Offshore Energy Management (BOEM)...
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Cheniere And EOG Extend Long-Term LNG Supply Deal

U.S. LNG exporter Cheniere Energy has extended the long-term gas supply agreement signed in 2019 with EOG Resources, tripling the...
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Acceleration In Merchandise Trade Bolsters Recovery In G20 Trade, But Growth In Services Trade Eases

Following a slow third quarter, G20 international merchandise trade accelerated in value terms in Q4 2021, partly due to high...
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Two Russian Cargo Ships Hit By Ukrainian Missiles, Russia Says

Two Russian commercial cargo ships have been targeted by Ukrainian missiles in the Sea of Azov, several Russian news agencies...
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CMA CGM To Test Biofuel On 32 Containerships For The Next Six Months

A range of shipowners have tested the use of biofuels on a limited basis on their fleets, but in the...
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Oil Price Shoots Up As Russia Invades Ukraine

Global sea trade suffered another major knock this morning as Russia’s invasion of Ukraine drove oil prices up by about...
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Gazprom Says Gas Shipments To Europe Continue After Ukraine Invasion

Russian gas exporter Gazprom said Feb. 24 that its shipments of Russian gas via Ukraine to Europe are continuing as...
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KR Signs MOU For Joint Development Of Solid Oxide Fuel Cell Technology For Ships

The Korea Register (KR) has signed an MOU agreement with STX Energy Solutions (STX ES) and Daewoo Shipbuilding & Marine...
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After Shell, TotalEnergies Also Strikes Oil In Namibia Well With ‘Very Promising Results’

Following Shell’s recent oil discovery in Namibia, French oil major TotalEnergies has also made a significant discovery of light oil...
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Driven By Deepwater Projects, Sub-Saharan Africa Set To See A Boom In Gas Output – Rystad

Energy intelligence group Rystad Energy expects the gas output from Sub-Saharan Africa to double by 2030, driven by the development...
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International Energy Forum Urges Nations To Prevent Disruption To Energy Supplies In Already Tight Markets

The Secretary General of the International Energy Forum (IEF), Joseph McMonigle, today issued a statement urging all nations to be...
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Brodosplit Builds Sustainable Sailing Ship With Rechargeable Batteries

The Brodosplit shipyard in Croatia along with its parent company the DIV Group and scientific institutions have begun work on...
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TU Delft Researchers Tackling Power Variability In Hybrid Marine Energy Parks

Researchers from Delft University of Technology, also known as TU Delft, have started exploring the interactions between different renewable energy...
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Maritime Security: ECSA Welcomes Extension Of Coordinated Maritime Presence

The European shipping industry welcomes the EU’s political commitment to the strengthening of maritime security in the Gulf of Guinea...
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