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Proman Announces Two Additional Methanol-Powered Newbuildings

Provident and Progressive will be the fifth and sixth methanol dual-fuel vessels for Proman, to be delivered in 2023 and...
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Euroseas Ltd. Signs New Building Agreements For The Acquisition Of Two Fuel Efficient 2,800 Teu Feeder Containerships

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced...
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AST Launches Iridium Certus 200 Service With Usage Alert Capabilities

Applied Satellite Technology (AST) Ltd, today announced the official launch of its unique Iridium Certus 200 service offering, with real-time...
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Hybrid Audit And Inspection Will Be ‘New Normal’

The future of maritime audits and inspections will include a hybrid blend of remote digital verification and on-site verifications, according...
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New Alliance Could Ease Ship Repair Squeeze On Ballast Water Installations

A strategic alliance between privately owned Norwegian ballast water system manufacturer, Optimarin, and UK-based Newport Shipping could ease pressure on...
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Jack-up Rig Selected To Drill Buffalo Well In October

Carnarvon Petroleum has confirmed that a drilling rig has been selected for the Buffalo-10 well, located offshore Timor-Leste, planned to...
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Nova Innovation, Sabella Join Forces To Progress Tidal Power In UK And France

Scottish tidal energy developer Nova Innovation and its French counterpart Sabella have signed a memorandum of understanding (MoU) to accelerate...
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Baltic Index Rallies For Fifth Day On Stronger Capesize, Panamax Rates

Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fifth straight session,...
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LR To Focus Growth On Maritime Industry With Expanded Role And Service Offering

Business Assurance & Inspection Services division to be set up as an independent business, branded LRQA, to be acquired by...
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AqualisBraemar LOC Wraps Up Sable Campaign For ExxonMobil

Energy and marine consultant AqualisBraemar LOC has completed its assignment in connection with the decommissioning and removal campaign of the...
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Saipem Rents Ex-Ocean Rig Drillship From Samsung Heavy

Italian oilfield contractor Saipem has signed a bareboat charter contract with Samsung Heavy Industries for a new drillship, the Samsung...
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Dubai Futures: August EFS Widens Above $4/b Mark; Spot Activity Remains Tepid

Front-month Brent/Dubai Exchange of Futures for Swaps widened mid-morning June 28, amid tepid spot activity as market participants shift their...
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Baltic Index Hits 11-Year High On Gains Across Segments

Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak...
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Iron Ore Advances As China Port Stocks Hit Over 8-Month Low

Iron ore futures in Asia rose on Monday, supported by a steady decline in portside stockpiles of the steelmaking ingredient...
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Extreme Freight Rates Begin To Change Shippers’ Calculations

The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are...
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VLCC Market On Steady Course For Yet Another Week

VLCC In the Middle East, the market for 280,000mt to US Gulf (routing via the Cape/Cape) continues to be assessed...
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DP World And Somaliland Open New Terminal At Berbera Port

DP World and the Government of Somaliland, have inaugurated the new container terminal at Berbera Port, following completion of the...
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Hapag-Lloyd, ONE Wrap Up Integration With TradeLens

Germany-based company Hapag-Lloyd and Japan’s Ocean Network Express (ONE) have completed the integration with TradeLens, a blockchain-enabled digital shipping platform. As...
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Heddle Shipyards Becomes Newest Green Marine Member

Heddle Shipyards, a Canada-based operator of shipyards and drydocks, is the newest participant in Green Marine – the largest voluntary...
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Wärtsilä And Global Energy Ventures To Cooperate On Propulsion Solutions For Hydrogen Vessel

The technology group Wärtsilä has signed a Memorandum of Understanding (MOU) with Global Energy Ventures (GEV) of Australia to cooperate...
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