ABS-Led Group Plans Floating Nuclear Energy for Ports
ABS, CORE POWER, and Athlos Energy have announced a new consortium to assess the feasibility of deploying floating nuclear power plants (FNPPs) to serve islands, ports, and coastal communities in the Mediterranean Sea.
The initiative...
Two Crew Members Charged In Fatal Maritime Collision Near Pedra Branca
Two men are facing charges under the Merchant Shipping Act following a deadly maritime collision off the coast of Singapore that resulted in one death and serious injuries. The incident occurred 55km north-east of...
T. Parker Host Acquires Transmarine for U.S. Expansion
HOST Expands Nationwide with Transmarine Acquisition.
HOST Enters West Coast and Hawaii, Forms Coast-to-Coast Maritime Network.
T. Parker Host Strengthens U.S. Maritime Leadership with Transmarine Deal.
T. Parker Host (HOST), a top player in...
Crude Oil Prices Stabilize as Inventories Offset Geopolitical Tensions
Crude Price Spike Softened by Rising Global Inventories.
Ceasefire and Stockpiles Limit Oil Market Impact of Conflict.
China Leads Stockpiling as Oil Prices React to Middle East Unrest.
Over the last month, crude oil...
Drewry WCI Declines as US Demand Weakens and Rate Volatility Looms
Container Rates Drop for Third Week as Imports Slow.
Transpacific Freight Rates Decline Sharply, Says Drewry.
Shanghai to US Spot Rates Fall Despite Recent Gains.
Drewry’s World Container Index (WCI) took a hit this...
HMM to Expand Algeciras Terminal with €150 Million Investment
HMM Launches Major Expansion of Spanish Terminal TTIA.
HMM and CMA CGM Back €150 Million Algeciras Terminal Upgrade.
TTIA Expansion to Boost Capacity to 2.8 Million TEU by 2028.
HMM announced on July 2...
Germany and Sweden Target Shadow Fleet with New Baltic Rule
New Tanker Insurance Rule Hits Russian Shadow Fleet in the Baltic.
Baltic Crackdown Begins as Germany and Sweden Demand Tanker Insurance Proof.
Fehmarn Belt Rule Targets Uninsured Tankers Amid Shadow Fleet Concerns.
German authorities...
Oil Drilling Vessel Incident in Gulf of Suez Prompts Rescue Response and Investigation
An oil-drilling ship capsized near Ras Ghareb in the Gulf of Suez, resulting in at least four confirmed deaths and four crew members still missing.
A total of 30 workers were on board;...
Lessons Learned: Crew Injury During Mooring Due to Vessel Movement and Rope Slippage
The UK Marine Accident Investigation Branch (MAIB), through Safety Digest 1/2025, shared insights from recent marine incidents. The International Marine Contractors Association (IMCA) has highlighted a case involving crew injury during mooring operations for...
Global Bunker Fuel Market to Hit $280 Billion as Low Sulfur Fuel Oil (LSFO)...
The global marine bunker oil market is projected to grow from $151.0 billion in 2023 to $280.7 billion by 2033, driven by the shift to low-sulfur fuels.
IMO 2020 regulations have accelerated LSFO...