Wärtsilä has been selected to supply an integrated propulsion and dynamic positioning thruster solution. The vessel is the first of two next-generation WTIVs to be added to the OHT fleet. The compact design...

The U.S. Maritime Administration has awarded Crowley Maritime Corporation with a multi-year, $638 million Vessel Acquisitions Management contract. Crowley will assist MARAD in acquiring and managing vessels for the Ready Reserve Force (RRF),...

Archaeologists have discovered the 2,200-year-old wreck of an ancient Egyptian ship that sank after being struck with giant blocks. The so-called galley, along with a burial ground, were discovered beneath the Mediterranean Sea...

Middle distillates stocks fell 21% on week. Light distillates only category to rise on year. July LSFO sales saw steady up 10% on month. The oil product inventory at the UAE’s Port of Fujairah...

Port congestion and other network disruptions mean ocean carriers now need more ships to transport the same amount of cargo than they did pre-pandemic. However, despite the significant extra costs of the additional...

oil demand to resurge in winter, supporting freight aging fleet, scrapping uptick improves supply outlook For oil demand recovery supply outlook is favorable for clean tankers says an article on SP Global. Supply favorable for clean...

A nation’s merchant navy is a strategic asset, second in importance only to its ‘fighting navy’.  It needs to be protected from high taxes and discriminatory norms. A strong and diverse indigenous shipping fleet...

Hyundai heavy industries develop a floating foundation for 10 MW wind turbines HHI signed a Memorandum of Understanding (MOU) with KR and KRISO Hyundai Heavy Industries (HHI) develops a semi-submersible floating foundation for 10 MW-class wind turbines says an article...

  GCMD aims to collaborate with the industry to help the maritime sector reduce greenhouse gas (GHG) emissions. 31 expressions of interest received to partner the centre to advance maritime decarbonisation solutions. Key leadership...

British International Freight Association (BIFA) says that it foresees rates remaining at extraordinarily high levels, possibly increasing. The capacity remains extremely tight; ongoing service delays and container shortages, as well as punitive surcharges. Commenting...