Yearly Archives: 2024
Tanker Market Shows Signs of Slowing Despite Record High Values
The tanker market, which experienced a strong bull run throughout most of 2024, is beginning to cool, according to a report by VesselsValue,...
Former PSV Transformed to Join Geoquip’s Fleet
Geoquip Marine is converting the PSV Geoquip Silvretta into a geotechnical services platform.
The vessel will feature the GMTR150 rig, offering low carbon...
DNV Helps Elyse Energy Secure €120M for Sustainable Fuel Projects
DNV conducted technical due diligence for Elyse Energy, enabling the company to secure €120 million in investments from major partners, including Hy24, PGGM,...
FuelEU Maritime Monitoring Requirements Begin January 2025
FuelEU Maritime Monitoring Requirements Begin January 2025.
Lloyd’s Register Offers Support for FuelEU Monitoring Plans.
Data Submission and Compliance Deadlines for FuelEU Maritime
From...
Wärtsilä to Sell ANCS Business to Solix Group AB
ANCS Set for New Growth as Wärtsilä Divests to Solix.
Wärtsilä Announces Sale of Marine Automation and Navigation Leader ANCS.
Solix Group AB...
Wärtsilä To Supply Cargo Handling Systems For New Very Large Ammonia Carriers
Wärtsilä Gas Solutions, a division of the global technology group Wärtsilä, has secured a contract to supply cargo handling systems for three new 93,000...
All American Marine And San Francisco Bay Ferry Partner On Battery-Electric Vessels
All American Marine (AAM) has entered into a landmark partnership with San Francisco Bay Ferry to develop 150-passenger battery-electric vessels that will contribute significantly...
Fitch Ratings Report Highlights Challenges For Global Trade And Seaports
The Fitch Ratings EMEA Transportation Infrastructure Outlook 2025 highlights significant challenges and risks for global trade and seaport activity, driven by escalating trade tensions,...
Carriers Unveil Panama Canal Transit Surcharges for New Year
Panama Canal Authority Introduces New Tariff System Starting 2024.
Major Carriers Impose New Surcharges for Asia-US Transits.
MSC to Add $40 Per TEU...
Crude Tanker Market Struggles Amid Weak Demand
December’s crude tanker market sees subdued VLCC rates, weak demand, limited spot cargoes, and geopolitical risks like potential sanctions. OPEC’s cautious production and muted...