Arc Secures $160 Million Contract for Hybrid-Electric Tugboats with Curtin Maritime
Arc signed a $160 million deal with Curtin Maritime to deliver hybrid-electric ship assist tugboats, the largest commercial deployment of electric workboats in marine industry history.
The first four tugboats, designed with Arc’s...
TEN Ltd Expands Fleet with New VLCC Order and Strategic Vessel Sales
TEN Ltd has ordered three scrubber-fitted VLCCs from Hanwha Ocean, with an option for a fourth, scheduled for delivery in 2027–2028.
The company strengthened liquidity by selling three older vessels, adding $60 million...
APPEC: Experts Stress AI Should Guide, Not Command, in Energy & Shipping
Artificial intelligence is moving from pilot projects to real impact in oil, gas, and shipping, delivering cost savings, higher efficiency, and lower emissions.
Despite successes such as improved asset reliability and refinery yields,...
Lessons Learned: Safety Failures in Enclosed Space Operations
According to the Hong Kong Marine Department, a fatal accident occurred during fuel oil tank cleaning operations on board a multi-purpose dry cargo vessel anchored in Egyptian waters.
What Happened
A shore cleaning team was engaged...
Korean Register Grants AIP for Smart Ship Accommodation System
In a move toward "smart ships," the Korean Register (KR) has granted Approval in Principle (AIP) to HD Hyundai Mipo and HD Hyundai Samho for their new Internet of Things (IoT)-based Smart Accommodation System....
Geopolitical Tensions and Regulations Shape Greek Shipping’s Future
According to a recent Petrofin Research survey, Greek shipping remains a leading global force, though it is navigating a period of strategic change and restraint. The industry is consolidating, with a shift away from...
U.S. Issues Sanctions Warning Over Russian LNG Deliveries to China
The U.S. government has issued a stern warning that any entity doing business with Russia's Arctic LNG 2 project, including processing its transactions, faces a significant risk of sanctions. This warning comes after several...
Weather and Demand Drive Growth in China’s Bunker Fuel Market
In August, China's bunker fuel market experienced a notable increase in sales and supply, driven by a combination of recovering domestic demand, improved weather conditions, and a rebound in refinery output. The market saw...
Ukraine’s Iron Ore and Steel Exports Face Unprecedented Headwinds
Ukraine's dry bulk exports, primarily iron ore and steel, have faced significant challenges due to the ongoing war and domestic economic pressures. These issues have disrupted traditional shipping routes and trade relationships, leading to...
Preserving the Past: A New Home for Norway’s Viking Ships
The Viking ships in Norway are undergoing a delicate and high-stakes relocation to a new, state-of-the-art museum in Oslo to ensure their preservation. The move, which involves a painstaking journey for each vessel, is...