Maritime & Logistics Market

Minesto reports ‘record’ 48-hour service intervention on its tidal power plant

Minesto has performed a service intervention on its Dragon 4 tidal power plant in record time, carrying out the recovery, inspection, and redeployment offshore...

Ofgem to Launch Record Tender as UK Regulator Seeks Owner of Hornsea 3 Offshore Transmission Assets

The UK energy regulator Ofgem will launch a tender round covering the transmission infrastructure for Ørsted’s 2.9 GW Hornsea 3 offshore wind farm on...

UKMTO issues four Hormuz attack alerts, Iran claims ADNOC tanker strike

The UKMTO has reported four more attacks on commercial ships in the Strait of Hormuz on 11 October, while Iran claims to have hit...

Bimco moves to unlock energy-saving retrofit investment

A new Bimco contractual framework aims to remove a frequently-cited barrier to investment in energy-saving technologies by allowing shipowners and charterers to share the...

European box rates continue steep decline

reight rates out of Asia to Europe and the US began to climb after the US attacked Iran, but while Pacific charges have continued...

Offshore Substations for Gennaker Wind Farm En Route to Baltic Sea

The topsides and jackets for two offshore substations (OSS) that will connect the 927 MW Gennaker offshore wind farm to Germany’s onshore grid have...

XOCEAN enters strategic alliance in Japan to expand use of USVs

XOCEAN, an Ireland-headquartered provider of uncrewed surface vessel (USV) operations and ocean data, has teamed up with two Japanese companies to collaborate on expanding...

Zim sale in balance as full-year forecasts soar

Sustained demand on Zim’s key service offerings on the Pacific have bolstered the company’s income, prompting an increase in its full-year profit forecasts. Zim’s updated...

HD Hyundai group swoops on Goltens

Goltens, the Dubai-headquartered marine engineering and repair firm has announced that it has entered into an agreement with HD Hyundai Marine Solution (HMS) enabling...

$860M play for offshore oil assets powers Ithaca’s entry into Canadian energy game

Ithaca Energy is breaking into the Canadian market by buying Suncor's oil assets in shallow waters off the East Coast of Newfoundland and Labrador. UK-headquartered...

Product tanker attacked in Red Sea as hostilities escalate

The products tanker Chrystal Sky reported a series of explosions around the vessel late on Sunday afternoon. The 73,976 dwt Chrystal Sky reported the incidents...

122-meter subsea vessel continues charter with Reach Subsea through March 2028

Norway's Reach Subsea has exercised the one-year extension option under the charter agreement with compatriot Havila Subsea & Renewables, previously known as Volstad Maritime,...

Saudi resumes loadings in Yanbu, DHT fixes VLCC for $55m

Saudi Arabia has resumed tanker loadings at the Yanbu terminal on the Red Sea following an attack on the east – west pipeline which...

LNG-to-FSRU conversion widening Karpowership-backed Kinetics’ gas infrastructure fleet

Kinetics is expanding its fleet by converting a vessel into a floating storage and regasification unit (FSRU)As global demand for flexible energy solutions surges,...

22-year Cheniere-Petrobras LNG pact expands energy bridge between North and South America

Petrobras will buy around 0.8 million tonnes per annum (mtpa) of LNG from Cheniere for over two decades. As global energy markets continue to navigate...

When cargo owners buy the ships, who pays for the inefficiency?

There is an old truth in shipping that every generation seems to rediscover the hard way: whoever controls the ship controls the cargo's destiny....

Shipowners urge Dangote to support local fleet

Indigenous shipowners have called on major cargo owners, including the Dangote Group, among others, to support local fleet development by offering long-term Contracts of...

After Equinor, Njord Survey inks three-year agreement with RWE

RWE has awarded Swedish offshore survey company Njord Survey a three-year framework agreement for surveys using remotely operated vehicles (ROVs) across its offshore wind...

Vietnam-made cable layer enters into service in Taiwan

A new cable-laying vessel (CLV) built in Vietnam for ATE Energy International has entered into service in Taiwan, where it will be deployed for...

Denmark opens EU’s first full-scale CO2 storage site

King Frederik X of Denmark has opened the first full-scale CO2 storage site in the EU, led by INEOS Energy, with partners Harbour Energy...

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