The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of the Swiss Mediterranean Shipping Company (MSC), have signed an agreement to establish the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port in Saudi Arabia.
The European Commission adopted the 12th edition of the European List of ship recycling facilities featuring 45 yards. The updated list renews the inclusion of two yards located in Türkiye and one yard located in the USA, after 5 years on the list. These include Leyal Gemi Söküm Sanayi ve Ticaret Lt
MSC United, a Post Panamax containership owned by Swiss-based Mediterranean Shipping Company (MSC), was attacked while transiting the Red Sea. The attack was confirmed by the Yemeni Armed Forces’ Spokesperson Yahya Sare’e, saying that the ship was targeted by naval missiles. The statement reiterated
The government of Brazil has joined the Clean Energy Marine Hubs Initiative (CEM Hubs), an international public-private platform between energy, maritime, shipping and finance communities.
UK-based oil and gas company Baron Oil has signed a memorandum of understanding (MoU) with Timor Gap for the farm-up of the Chuditch production sharing contract (PSC) offshore Timor-Leste. Baron Oil announced a proposed assignment of a 15% working interest in the TL-SO-19-16 PSC offshore Timor-Leste
The German Federal Maritime and Hydrographic Agency (BSH) has issued a planning approval decision for the DolWin4 offshore grid connection in Germany’s Exclusive Economic Zone (EEZ) in the North Sea. DolWin4, the first offshore grid connection system being implemented by German transmission system o
Copenhagen Infrastructure Partners (CIP), the world’s largest fund manager within greenfield renewable energy, has agreed with Mexican authorities to collaborate on Helax Istmo, a green hydrogen and green maritime fuels project in the Isthmus of Tehuantepec, in Oaxaca, Mexico. CIP will develop the H
On behalf of the Australian government, the Australian Renewable Energy Agency (ARENA) has revealed that six applicants have been shortlisted and invited to submit a full application in the next stage of the $2 billion Hydrogen Headstart program. The applicants include: Together, the applicants are
Danish container shipping major Maersk is preparing to resume vessel transits through the Red Sea following the deployment of naval assets in the region under the multi-national security initiative Operation Prosperity Guardian (OPG). Namely, the U.S. has launched a new multinational security operat
Norway saw a slight rise in oil production in November 2023 compared to the volume seen in October 2023 and last year.
In recent weeks, the Red Sea has become the epicenter of heightened tensions as Yemen’s Houthi group escalated their attacks on commercial vessels, sending shockwaves throughout the maritime industry. Germany’s Hapag-Lloyd and Hong Kong’s OOCL joined on Thursday numerous shipping companies, includin
U.S.-based tanker owner Overseas Shipholding Group (OSG) has obtained a $400,000 grant from the United States Department of Energy (DOE) to study the development of its proposed Tampa Regional Intermodal Carbon Hub (T-RICH). The study is intended to evaluate the commercial feasibility of developing
Swedish electrofuel (eFuel) developer Liquid Wind has submitted an environmental permit application for the company’s third commercial-scale green electrofuel facility, FlagshipTHREE, at the Land and Environment Court in Umeå, Sweden. According to Liquid Wind, once operational, FlagshipTHREE, locate
Despite the challenges that defined this year, the maritime industry may be closing the chapter on 2023 with a sense of optimism. Namely, BIMCO’s recent analysis provides a beacon of hope, suggesting that the International Maritime Organization’s (IMO) ambitious goal of achieving 5% zero or near-zer
