Month: January 2024

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New handymax vessel for Nova Marine Carriers


New entry for the Nova Marine Carriers fleet. The Lugano-based group, controlled by the Romeo and Gozzi/Bolfo families, has taken delivery of a new 38,593 dwt handymax vessel in Shanghai. The vessel,…

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Baltic index rises on higher freight activity, fewer ships


The Baltic Exchange’s dry bulk sea freight index climbed on Wednesday, as rates across ship segments rose amid increased freight activity and some vessel shortages. The overall index, which factors…

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ESL Shipping commits to set science-based targets for GHG emissions reductions


ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic Sea region, has joined the Science Based Targets initiative  and committed to setting both near-term and long-term company-wide…

PETRONAS awards seven new PSCs under Malaysia bid round 2023, and launches Malaysia bid round 2024


PETRONAS awarded Production Sharing Contracts  for six exploration blocks and one Discovered Resource Opportunities  cluster marketed under the Malaysia Bid Round 2023 , expected to garner more than…

Ørsted acquire full ownership of Sunrise Wind subject to award in New York 4 offshore wind solicitation


Ørsted has signed an agreement with Eversource to acquire Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm which would deliver power to New York. The acquisition is subject to…

McDermott and Baker Hughes safely complete Subsea Infrastructure in Northern Australia


McDermott, a premier engineering and construction company, and Baker Hughes, an energy technology company,  announced the safe completion of the installation of subsea infrastructure at the Ichthys…

Extended Wärtsilä agreement continues support for Carnival Corporation’s fleet decarbonisation goals


Technology group Wärtsilä and Carnival Corporation & plc have signed a one-year extension to the Performance based agreement that has been in place since 2017. The agreement, which was due to…

Intellian and SES expand O3b mPOWER partnership with new Terminals


Intellian Technologies , a leading global provider of feature-rich, resilient satellite communications solutions has announced the addition of the ARC-M4-Block 1 and X150D to their SES O3b mPOWER…

Odfjell chooses Oceanly’s ShaPoLi for EEXI Compliance and Sustainability


Oceanly announced that Odfjell SE, a leader in the maritime industry’s decarbonisation journey, has chosen the ShaPoLi technology to enhance their sustainability efforts and ensure EEXI compliance.…

Idwal launches condition improvement programme, Idwal ID


Digital platform delivers defect management, fleet analytics and benchmarking to realise cost savings and efficiences.  Idwal, the leading inspection, technology and data business, has launched Idwal…

Nokia signs 5G patent cross-license agreement with OPPO


License covers Nokia’s fundamental inventions in cellular technologies Nokia to receive payments from OPPO for a multi-year period along with catch-up payments to cover non-payment during the…

Acheon Akti sets course for future growth through Digital Transformation with Infoship Software and Arribatec Marine


Acheon Akti's forward-thinking approach to growth aligns seamlessly with Arribatec Marine's four decades of experience in delivering cutting-edge Information Technology solutions to the maritime…

Red Sea shipping stages fragile uptick as US continues to hit Houthi sites


Tanker and commercial shipping traffic through the Red Sea show signs of a fragile recovery from recent lows, according to ship tracking data, after the US and its allies continued to hit Houthi…

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Watch out for new emission control areas


The previously announced Mediterranean Sea ECA is set to take effect on 1 May 2025. In addition, Norway and Canada have submitted proposals to designate the Norwegian Sea and parts of the…

As more tankers divert from Suez Canal, there’s a ‘sea change’ in way Europe is buying crude


Energy prices for Europe are expected to increase as more petroleum products and crude tankers are diverting away from the Rea Sea and Suez Canal. Longer trips for the Middle-Eastern barrels that…

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Russia’s Novatek resumes fuel loadings at damaged Ust-Luga terminal


Russian energy company Novatek resumed fuel loadings on Wednesday at its Baltic Sea Ust-Luga terminal, damaged in a suspected drone attack, according to industry sources and LSEG data. The attack…