Month: January 2024
29 Jan 2024
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,…
29 Jan 2024
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…
29 Jan 2024
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…
29 Jan 2024
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…
29 Jan 2024
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…
29 Jan 2024
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…
29 Jan 2024
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…
29 Jan 2024
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…
29 Jan 2024
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.…
29 Jan 2024
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…
29 Jan 2024
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…
Cyprus,Top News,Digitalisation
26 Jan 2024
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…
26 Jan 2024
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…
26 Jan 2024
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…
26 Jan 2024
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…
26 Jan 2024
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…