Cruise Lines International Association statement regarding tourism...
The cruise sector is a success story for Greece contributing 1.4 billion euros to the economy in 2022. CLIA has long called for more investment in port infrastructure and worked with destinations to...
View ArticleGermany approves bailout for Meyer Werft shipbuilder hit by financial woes
The federal government and the state of Lower Saxony are collectively buying up 80% of the firm, as the shipbuilder struggles with a nearly €2.8 billion hole in its balance sheet. The German federal...
View ArticleBaltic index falls as capesize rates decline
The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities fell on Thursday, weighed down by losses in the capesize segment. The overall index, which factors...
View ArticleIron ore soars to over one-week high on upbeat seasonal demand outlook
Iron ore futures prices surged on Thursday to hit their highest in more than a week, as prospects of improved seasonal demand in China outweighed concerns over the top consumer’s economic recovery....
View ArticleDNV and Brinav signs MOU further broadening their autonomy collaboration
Classification society DNV and Navigation Brilliance (Brinav), signed a memorandum of understanding on autonomous collaboration. Under the terms of the MOU the two companies aim to fast-track the...
View ArticleMOL and Chevron Shipping to install wind challenger on LNG carrier
As part of their ongoing commitment to lower the carbon intensity of their operations, Mitsui O.S.K. Lines (MOL) and Chevron Shipping Company LLC (Chevron), a subsidiary of Chevron U.S.A. Inc.,...
View ArticleMSC CEO vows to stand alone as global shipping rivals team up
MSC Mediterranean Shipping Company SA plans to brave volatile shipping markets on its own, ruling out a new alliance just months before its partnership with A.P. Moller-Maersk A/S ends. “We want to be...
View ArticleSchuyler Line secures $17.1m US government contract
Schuyler Line Navigation was awarded a $17,155,000 firm-fixed-price, with reimbursable elements, for time charter of one approved upon delivery U.S. flag or foreign flag to be reflagged prior to...
View ArticleOperational Strategies of the Panama Canal spotlighted during International...
The 2025 Investors Forum, organized by the Latin American Stock Exchange (LATINEX), analyzed the economic and operational strategies of the Panama Canal during the months in which the dry season had...
View ArticleMOL becomes 1st Japanese Board Member of Book and Claim Community
TOKYO-Mitsui O.S.K. Lines announced that it has become the first Japanese company to join the board of the Book and Claim Community (BCC) an environmental initiative engaged in decarbonizing...
View ArticleUS drillers add oil and gas rigs for first time in five weeks, Baker Hughes says
U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks in the biggest weekly rise in a year, energy services firm Baker Hughes (BKR.O), opens new tab said in its...
View ArticleEU mission starts Red Sea oil tanker salvage
The Sounion was attacked by Iran-backed Houthis rebels last month off the coast of Yemen. While its crew was rescued by a French ship, the rebels detonated explosives on the ship, raising fears of a...
View ArticleSaipem awarded an offshore EPC contract in Qatar worth 4 approximately...
Saipem has been awarded an offshore EPC contract by QatarEnergy LNG for the Combined COMP3A & COMP3B of the North Field Production Sustainability Offshore Compression Program, aimed at sustaining...
View ArticleTSUNEISHI Group to strengthen collaboration with Yangzijiang Shipbuilding
TSUNEISHI Group agreed with Yangzijiang Shipbuilding, a major Chinese private shipbuilder, to conduct a third-party allotment to Yangzijiang Shipbuilding of new shares of TSUNEISHI GROUP (ZHOUSHAN)...
View ArticleHöegh LNG announces name change to Höegh Evi
Höegh LNG, a global leader in marine energy infrastructure solutions, announced its new name, Höegh Evi. Standing for “energy vector infrastructure,” the name Evi reflects the recent expansion of...
View ArticleBaltic index edges up on gains across all vessels
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, supported by increases across all vessel segments. The overall index, which...
View ArticleNeptuneZero announces strategic cooperation with Synthetica
NeptuneZero, an innovative startup at the forefront of the marine industry, is excited to announce a strategic cooperation with Synthetica, a leader in maritime Artificial Intelligence (AI) solutions....
View ArticleTrelleborg partners with Arkas Holding for advanced fleet modernization...
Trelleborg supplied its TSX5 shaft power meters, to be integrated into the Arkas fleet performance software, allowing real-time performance monitoring and improvements in ship operational efficiency....
View ArticleBurning oil tanker is safely towed away from Yemen after rebel attacks
UBAI, United Arab Emirates (AP) — Salvagers successfully towed a Greek-flagged oil tanker ablaze for weeks after attacks by Yemen’s Houthi rebels to a safe area without any oil spill, a European Union...
View ArticleTitanic builder Harland & Wolff to enter administration amid debt woes
RMS Titanic shipbuilder Harland & Wolff announced on Monday that it will enter administration following financial troubles. After an account audit, the iconic Belfast shipbuilder’s board concluded...
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