Shipping risks via Red Sea remain elevated despite Israel-Hamas ceasefire
LONDON : Most shipping companies and charterers will continue to route their tankers and cargoes via the longer Cape of Good Hope for the time being, despite the ceasefire agreement between Israel and Hamas,
Product Tanker deliveries seen jumping 256% to 16-year high : BIMCO
LONDON : “According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024.
KR Grants World’s First AIP to HD KSOE for Pioneering Large-Scale Liquid Hydrogen Tank Vacuum System…
BUSAN : KR (Korean Register) has awarded the world’s first Approval in Principle (AIP) to HD KSOE for its breakthrough vacuum-insulated large-scale liquid hydrogen tank system, marking a significant advancement in clean energy transportation
Successful salvage of MT SOUNION by Ambrey after Houthi attack
SANAA : Ambrey, a leader in maritime security and salvage operations, confirmed the successful recovery of the Greek-owned oil tanker MT SOUNION after a severe Houthi militant attack in the southern Red Sea on
Strategic Marine celebrates Signing and Delivery of First Surface Effect Ship (SES) to AES
SINGAPORE : Strategic Marine is proud to announce the signing and delivery of its first Surface Effect Ship (SES) to All Energies Services (AES), a groundbreaking moment in the company’s advancement within the offshore
Ulsan Port Authority Awards ‘2024 Best Tank Terminal’
ULSAN : Ulsan Port Authority (UPA) has announced the winners of its inaugural ‘Best Tank Terminal at Ulsan Port’ program, recognizing exceptional ESG (Environmental, Social, and Governance) practices among Ulsan’s tank terminals. The ‘Best
Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches
MOSCOW : Russian officials warned of severe environmental damage on Wednesday as thousands of people came out to clean up tons of fuel oil that spilled out of two storm-stricken tankers more than two
ONGC in talks with domestic shipyards for offshore drilling rigs
NEW DELHI : Oil and Natural Gas Corporation (ONGC) is in preliminary talks with domestic shipyards to construct two offshore jack-up drilling rigs, estimated to cost USD 500-550 million. The plan, recently approved by