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The Poseidon Principles, the shipping finance framework used by banks to track and disclose climate alignment, is widening its scope to bring more of the maritime finance world into the …

Navios Maritime Partners has announced a series of senior leadership changes as the New York-listed diversified owner reshapes its top management structure under chairwoman and chief executive Angeliki Frangou. At …

Manila-based port operator International Container Terminal Services Inc (ICTSI) is pressing ahead with a major expansion at Brazil’s Rio Brasil Terminal, committing R$948m ($175m) to lift capacity and modernise operations …

After losing a case in the Oslo District Court, three different banks are demanding prepayment of their outstanding amounts under the restructuring agreement with Norwegian OSV owner and operator Havila …

The largest battery-electric ship ever constructed was powered up yesterday and successfully completed its first e-motor trial in Hobart, Tasmania. The powering of Hull 096 – the largest electric vehicle …

Benelux Overseas is set to widen its footprint in gas shipping after brokers linked the Athens-based owner to a $240m order for two very large ammonia carriers (VLACs) at HD …

Italian state-controlled gas grid operator Snam has agreed to acquire Igneo Infrastructure Partners’ 48.2% interest in the company operating the FSRU Toscana offshore Livorno. The total consideration for the acquisition, …

Malaysia’s MISC and China Offshore Engineering & Technology Company Limited have received the approval in principle from the American Bureau of Shipping (ABS) for their design of an ammonia FPSO …

Norway’s BW Energy has signed a long-term lease agreement for the BW Maromba B jackup with Minsheng Financial Leasing, following a short-term deal signed in September. The new lease agreement …

Hapag-Lloyd has firmed up its fleet renewal plans with an order for eight dual-fuel methanol container ships at China’s CIMC Raffles, alongside agreements to charter a further 14 vessels on …

Nippon Yusen Kaisha’s Sage Sagittarius, a 25-year-old post-panamax bulk carrier that made plenty of headlines a decade ago, has been sold for scrap in Bangladesh at a price of $430 …

UK shipbroking group SSY has struck a deal to acquire Grieg Shipbrokers, adding one of Scandinavia’s longest-standing brokerage houses to its expanding global platform. The deal is set to take …

A sanctioned LNG carrier linked to Russia’s Arctic LNG 2 project has been forced to abandon attempts to reach the Utrenny terminal after encountering unusually thick sea ice in the …

The risks facing commercial shipping in the Black Sea escalated sharply over the weekend after two Turkish-controlled vessels were struck amid a wave of Russian attacks on Ukrainian port infrastructure, …

In container shipping, the leverage – and the real fragility – now lives where the cranes greet the sea, writes Wolfgang Lehmacher. Shanghai has just pulled off something remarkable, even …

A complex cargo recovery and re-lashing operation is under way in the Canary Islands, involving a team of eight specialised personnel, crane operators, welders and lashing experts. A mega-container ship …

The Maritime Anti-Corruption Network (MACN) has launched a three-year initiative aimed at tightening integrity standards across maritime supply chains in Indonesia, Malaysia and Germany. The programme—“Transparent Trade Routes: Strengthening Integrity …

New York-listed offshore driller Valaris has won a contract for one of its drillships from supermajor Shell. Valaris stated that the UK firm hired the 2015-built drillship Valaris DS-8 for …

One of Russia’s two biggest oil producers Lukoil has stopped production on a platform on the Vladimir Filanovsky field after a strike by four Ukrainian aerial drones. According to media …

Two of Japan’s biggest shipping lines — Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) — have agreed to pay £54m ($72.25m) to settle the long-running UK collective action …

Washington is gearing up for a wave of tanker seizures off Venezuela as the Trump administration revives and escalates sanctions enforcement against the country’s oil trade. A day after announcing …

GE Vernova and Seatrium have been awarded a contract by TenneT for work on BalWin5, a 2.2GW offshore HVDC grid connection, that will transmit electricity from offshore wind farms in …

US forces seized the VLCC Skipper off Venezuela as the battle between Washington and Caracas intensified with the Trump administration suggesting other vessels could be hijacked, too. China’s state-run shipping …

South Korea’s Hanwha Group has secured approval to lift its stake in Austal to 19.9%, becoming the Australian defence shipbuilder’s largest shareholder in a move expected to reshape naval-industry cooperation …

Greek owner Element Shipmanagement has moved into the popular handysize segment, reshaping its once pure-play container strategy. The Piraeus-based outfit made its first move outside containers since its humble start …

Let’s stop treating warning signs at sea as just part of the job, writes Ronald Spithout, managing director of OneHealth by VIKAND. As the festive season approaches, many people look …

BIMCO has taken another step in helping owners and buyers navigate Europe’s tightening climate regulations by adopting new FuelEU Maritime and EU ETS clauses for inclusion in sale-and-purchase memoranda of …

Saudi Arabia’s Zamil Offshore Services Company (ZOSCO) has taken a decisive step into the Norwegian offshore market with the acquisition of Remøy Shipping for an undisclosed sum.T The deal, which …

Germany’s Hartmann Group has teamed up with Heidelberg Materials Northern Europe to develop a new methanol-powered pneumatic cement carrier for high-frequency coastal service in Norway. The project includes an option …

Northern Ocean has secured more work for its semisubmersible rig with the signing of a contract with a Shell subsidiary for the Deepsea Mira, which will start drilling offshore Namibia …

DeepOcean has strengthened its long-standing ties with Equinor after securing an extension to its subsea inspection, maintenance and repair (IMR) frame agreement. The renewal will keep the ocean services provider …

UK-based wind propulsion company GT Wings has announced the close of a significant investment round led by Grieg Kapital, the investment arm of the Grieg Group. The Grieg Kapital investment …

Mitsui O.S.K. Lines (MOL), Sinopec, and Marubeni have signed a memorandum of understanding (MOU) for the establishment of a long-term supply system for marine biodiesel fuel. This memorandum aims to …

Oslo-listed seismic data specialist TGS has announced the award of a streamer 4D contract in the Campos basin, offshore Brazil. A Ramform vessel is scheduled to mobilise for the survey …

The US has made some big bucks from the Big Beautiful Gulf 1 lease sale, which is the first mandatory offshore oil and gas lease sale required under the similarly …

Manila-based port operator International Container Terminal Services Inc (ICTSI) has formally signed a 25-year partnership agreement to run and upgrade Durban Container Terminal (DCT) Pier 2, South Africa’s busiest container …

Seatrium Offshore Technology, the offshore jackup designer for Singapore shipyard group Seatrium, has been awarded a repeat contract from International Maritime Industries (IMI) to supply equipment and the license for …

US forces have seized a tanker widely believed to be the VLCC Skipper, after satellite evidence showed the 310,000 dwt vessel covertly loaded 1.1m barrels of sanctioned Venezuelan Merey crude …

Ukraine’s security services have detained the Gladius, a Guinea-Bissau-flagged general cargo ship, after the vessel arrived in Odesa to load steel pipes – and investigators say they have uncovered extensive …

Ukraine’s campaign against Russia’s shadow tanker fleet has intensified, with the suezmax Dashan the latest vessel struck by naval drones in the Black Sea — the third foreign-flag tanker disabled …

Norway’s Mintra has strengthened its position in maritime e-learning with the acquisition of Greek digital training specialist SQLearn, marking another step in its push to support the sector’s ongoing shift …

Norway’s Knutsen Group has firmed up another LNG newbuild in South Korea, ordering a 174,000 cu m carrier at Hanwha Ocean on the back of a long-term charter deal with …

Greek owner Aegean Bulk has re-entered the newbuilding market after nearly 15 years away, signing a four-ship kamsarmax order at China’s fast-expanding Hengli Shipbuilding. The deal marks the owner’s first …

French offshore vessel owner Bourbon has secured a major boost in Guyana after signing a five-year maritime services contract with ExxonMobil Guyana Limited, with options to extend. The deal will …

Belgian marine contractor DEME has secured a major role in Poland’s offshore wind expansion after winning three contracts covering foundation and cable installation work for the BC-Wind project in the …

Greek boxship owner Euroseas has secured three forward charters for its modern 2,800 teu feeder ships, locking in multi-year employment well ahead of schedule. The Nasdaq-listed firm said the 2024-built …

Greek shipping tycoon Adam Polemis and his New Shipping outfit continue to make waves in the VLCC segment, clinching a series of lucrative moves in quick succession. At the end …

Greek owner Eurotankers is stepping up its exit from the ageing VLCC space. The outfit has quietly sold the 317,400 dwt Eurovictory (built 2009, Hyundai Heavy) for about $61m, according …

Oslo-listed Ventura Offshore has picked up more work for the semisubmersible SSV Catarina after Eni Indonesia exercised a third optional well under its current drilling campaign. The latest call-off keeps …

Ben Bailey, director of programme at The Mission to Seafarers, has an urgent message to protect the global maritime workforce. Every day, close to 2m seafarers sail the world’s oceans, …