As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit
Saipem has won two new E&C offshore contracts in Romania and in Germany with a total value of around €1.8 billion, which is close to $2 billion ($1.97 billion).
German provider of engineering services for the design and supply of gas carriers TGE Marine Gas Engineering has completed gas trial onboard very large gas carrier (VLGC) Gas Neptune.
In the midst of a thriving shipbuilding upcycle fueled by the global decarbonization drive, Singapore-listed shipbuilder Yangzijiang Shipbuilding has secured a staggering $5.76 billion worth of orders for 72 vessels in the first half of 2023. The strong demand for clean energy vessels has been a sig
Our news this week reflect the increasing activities in vessel decarbonisation and emission cutting in the oil and gas sector as offshore renewable energy continues to broaden both its geographical and technological reach and green hydrogen attracts new firm commitments. With new, more ambitious cor
French telecommunications corporation Orange has taken delivery of its new cable laying and repair vessel (CLRV), said to be designed for the maintenance of cables for offshore wind projects. The vessel, named Sophie Germain after the pioneering French mathematician and philosopher, is currently on
Italian shipbuilder Fincantieri has delivered the second of six new Prima-class cruise ships to Norwegian Cruise Line (NCL).
The freighter Fremantle Highway has successfully arrived at the quay in Eemshaven, putting an end to its tumultuous journey after experiencing a fire onboard on July 25. The tug trip to the harbor was executed flawlessly, with no reported issues or complications. The journey of the fire-damaged frei
German shipping major Hapag-Lloyd has taken delivery of the second 23,600 TEU containership powered by liquefied natural gas (LNG) from Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering Co. (DSME).
The world’s largest LNG bunkering ship Hai Yang Shi You 301 (Offshore Oil 301) has completed its first ship-to-ship bunkering operation involving a very large crude carrier (VLCC) at the anchorage of Guangzhou Port. The 8.5-hour operation saw Offshore Oil 301 provide the 320,000-ton dual-fuel tanke
Operations at the Port of Gibraltar have ground to a halt following a bunker fuel spill from a ship anchored in the Bay of Gibraltar. The spill occurred during a ship-to-ship refueling operation involving the Panama-flagged LPG tanker Gas Venus, at approximately 8:22 a.m. on Tuesday morning. As info
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has clinched an order to construct two liquified natural gas (LNG) carriers.
After several days of deliberation, it has been concluded that Eemshaven will serve as the designated Port of Refuge for the distressed freighter Fremantle Highway. The decision was made by the Dutch Ministry of Infrastructure & Water Management as Eemshaven is the most suitable port due to its clos
SEA-KIT International’s uncrewed surface vessel (USV) destined for Fugro has completed sea and endurance trials and will soon leave for the Dutch company’s UK office. SEA-KIT reported on 3 August that its latest X-Class USV for Fugro had undergone comprehensive sea and endurance trials and is soon s
