Solar and wind uptake to reach 5.4 TWac from 2024 to 2033

Global solar deployment to add 3.8 TWac of new project capacity by 2033…


Asia Fuel Oil-HSFO cash premium fall after crude dips

Spot premium for high sulphur fuel oil (HSFO) trended lower on Tuesday after…


RightShip welcomes Wilhelmsen to the Zero Harm Innovation Partners Program to enhance Mooring Practices

RightShip, a leading global Environmental, Social and Governance (ESG) focused…


WinGD completes type approval testing for new short-stroke engine size

Swiss marine power company WinGD has successfully completed type…


Gautam Adani to start shipbuilding at Mundra port amid global demand surge

Billionaire Gautam Adani plans to launch shipbuilding operations at the group’s…


KSAT establishes Tokyo office to expand presence in Japan

KSAT demonstrates its strong commitment to the growing Asian space industry…


Spire Global awarded CA $1.41 Million contract from Government of Canada for Ship Tracking Data

Spire, a global provider of space-based data, analytics and space services,…


VLCCs might play spoilsport in the LR market

Skyrocketing freight rates in the product tanker market, especially in the LR…


PETRONAS adds three new LNG vessels ahead of LNG Canada start-up

Malaysian state energy firm Petroliam Nasional Berhad (Petronas) on Monday said…


Bunker demand across Indian, Sri Lankan ports mixed in June amid seasonality

Limited impact of monsoon on bunkering ops in June Supply stable in west coast…


Freeport LNG shuts down as Hurricane Beryl hits Texas Gulf Coast

Export terminal 'proactively shutdown' July 7 Total US feedgas demand falls to…


Eni announces oil and gas discovery at Area 9 in the Gulf of Mexico

Eni discovers up to 400 million barrels of oil, gas in Yopaat-1 exploration…


DNV and project partners conclude no technical barriers to low pressure CO2 ship transport chain

The CO2 Efficient Transport via Ocean (CETO) joint industry project (JiP)…


Samsung Electronics wins cutting-edge AI chip order from Japan's Preferred Networks

Samsung Electronics, said on Tuesday it won an order from…


IEA makes more of its data and statistics freely available through upgraded countries and regions pages

In another major step towards making more IEA data freely available and…


The Marine Energy Council announces 13 new Lead Partners

The Marine Energy Council (MEC) is proud to announce 13 new companies have…


VLCC Supply Vs Baltic rates

This week's data highlights an increasing trend in VLCC available spot…


Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns

Oil prices settled lower on Friday as the rising possibility of a ceasefire…


Maersk awarded “3PL Company of the Year” for the second consecutive year

Once again, Maersk has received a prestigious “3PL Company of the Year”…


ClassNK releases Annual Report on Port State Control

ClassNK has released its annual report on Port State Control. The report is…


CSL highlights major ESG achievements in 2023 Sustainability Report

CSL unveiled its 2023 Corporate Sustainability Report, reflecting its…


FBX Index July 2024: Looking forward

With container market spot prices jumping on the back of a pre-tariff…


Understand the Mechanics: How Do LNG Ships Work

Discover the essential operations of LNG ships and their crucial role in global…


BAI Index July 2024: Market summary

Air freight rates stay firm – while markets fret about elections, Trump,…


Selective order taking pushes down Korean Shipbuilder's order share below 10% in June

The Korean shipbuilding industry's order share fell to a single digit in…


CHINA DATA: Independent refiners' Iranian feedstock imports hit 8-month high in June

Iranian crude imports up 4.3% from May Iranian crude accounts for 66% of…


Europe & Africa Market Update by ENGINE

Bunker benchmarks in European and African ports have increased with Brent, and…


Regional sulphur emission limits at a glance

Although the shipping sector is now heavily focused on reducing greenhouse…


Senegal turns oil exporter as maiden Sangomar crude cargo loads

$5.2 bil Woodside project pumping 100,000 b/d of medium sour oil Maran…


Arrival of Brazil ethanol cargos to boost ARA inventories on prompt

Vessels reported to have arrived from Brazil Import arbitrage to Europe……


Rosneft, Lukoil to cut oil exports from Black Sea's Novo, sources say

Russia's oil producers Rosneft, opens new tab and Lukoil, opens new tab will…


Technip Energies and SBM Offshore reach implementation of Ekwil, a company dedicated to Floating Offshore Wind

Technip Energies (PARIS: TE) and SBM Offshore (AMS: SBMO) announce the formal…


SCHOTTEL Nederland: Sebastian Sachs new Managing Director

Sebastian Sachs has been appointed as the new Managing Director of SCHOTTEL…


WINDEA CTV delivers inaugural fleet of new, U.S.-Built Crew Transfer Vessels

WINDEA CTV LLC, a joint venture comprised of MidOcean Wind LLC and Hornblower…


Naming Ceremony for 37# 50,000 DWT Product Oil/Chemical Tanker at New Times Shipbuilding

On June 20, 2024, NTS held naming ceremony for one 50,000 DWT Product…


Damen Yachting launches the latest Amels 60

Damen Yachting announced the launch of the latest Amels 60. This significant…


MAN Cryo supplies fuel system for World’s First Hydrogen-Powered Superyacht

Newbuilding features below-deck liquid-hydrogen tanks and vaporization system…


Cruise lines have changed their prices because of California's new 'Honest Pricing Law'

When you book your next Royal Caribbean cruise, prices may appear higher than…


Airbus awarded German Armed Forces prime contract for military communications satellite system

Germany’s armed forces, the Bundeswehr, has awarded Airbus the SATCOMBw 3…


Ovzon 3 ready for commercial service

Ovzon’s proprietary satellite Ovzon 3 has reached its orbital position in the…


Comtech Launches Artificial Intelligence-Enabled Public Safety Solution

New SmartAssist Solution to Enhance Emergency Response & Reduce Burden…


Hanwha Life Tops Big Data Analysis for Global Management Focus

In January, Hanwha Life President Kim Dong-won attended the Davos Forum,…


Russian Government’s oil revenue was up almost 50% in June

Russia’s government revenue from the oil industry was almost 50% higher in June…


MGCs retain their status as ‘true workhorses’ due to high yields and increased orders

Following the surge in VLAC ordering during 2023-24, the trend seems to be…


Japanese refiners consider cutting term crude purchases for spot as yen tumbles

Yen trades near 38-year low against dollar Spot US crude purchases surge in…


All of Sweden’s core ports retain status in revised TEN-T Regulation

Sweden’s core ports welcome the revised regulation on European Union…


East of Suez Market Update by ENGINE

VLSFO prices in East of Suez ports have been rangebound, and prompt…


VLCCs might play spoilsport in the LR market

Skyrocketing freight rates in the product tanker market, especially in the LR…


Pacific International Lines has launched the market’s first China Calcutta Service (CCS)

Pacific International Lines (PIL) is pleased to announce that we have launched…


Yang Ming’s YM Together Bunkers B30 HSFO Biofuel in South Korea

Starting this year, Yang Ming Marine Transport Corporation (Yang Ming) is…


Eastern Pacific Shipping expands community commitment with Ehime Football Club partnership

Eastern Pacific Shipping (EPS) announces partnership with prominent Japanese…


Baltic index set for first weekly fall in six

The Baltic Exchange’s main sea freight index, which tracks rates for ships…


Outcomes of IMO's 74th Technical Cooperation Committee meeting

The Technical Cooperation Committee held its 74th session at IMO Headquarters…


Ocean Yield announced the purchase infrastructure fund CVC DIF’s share in the French company Geogas LNG

Ocean Yield announce that it has agreed to purchase infrastructure fund CVC…


PortXchange Showcased on Flagship Founders' Global Maritime Tech Startup Map 2024

PortXchange, a leading innovator in port call optimization and maritime…


Wavepiston to announce collaboration with Ørsted

Wavepiston announce that has started a collaboration with Ørsted to investigate…


NKT boosts offshore installation capabilities with upgrades of cable-lay vessel NKT Victoria

NKT has accumulated unmatched operational experience and track record by…


SoCalGas and EVOLOH Research Project Helps Make Hydrogen and Electrolyzer Production More Affordable

Southern California Gas Co. (SoCalGas) and EVOLOH Inc., an anion exchange…


Samskip Joins ZESTAs Collaboration for Absolute Zero Emissions Ship Technologies

Samskip, a leading logistics company offering environmentally friendly…


ADNOC and JBIC sign $3 Billion Green Financing agreement

ADNOC’s first green funding will support its ongoing decarbonization and…


Smooth Launching of 2 X 159,000 DWT Crude Oil Tankers at New Times Shipbuilding

On June 26, 2024, the launching ceremony of two units of 159,000 DWT Crude…


Louis Dreyfus Armateurs contracts Strategic Marine for an additional pair of new CTVs, expanding their fleet

Strategic Marine announced today that Louis Dreyfus Armateurs has placed an…


Baglietto announces the sale of first motor yacht in the new FAST50 line

Only a few months after the new model was presented to the Press, Baglietto is…


“VIKING VESTA” floated out in Ancona by FINCANTIERI

“Viking Vesta”, the newest cruise ship which Fincantieri is building for the…


Benetti announces sale of custom 80M yacht

The sale of Project Iron Man showcases Benetti’s worldwide appeal as a…


Kinéis achieved a major milestone by successfully launching five nanosatellites

On June 20th at exactly 8:13 PM, Kinéis achieved a major milestone by…


Thales Alenia Space reveals results of ASCEND feasibility study on space data centers

Thales Alenia Space, the joint venture between Thales (67%) and Leonardo (33%),…


Es'hailSat propels Qatar's space presence to the next frontier with enhanced DataMiner solutions

In a significant move that underscores Qatar's growing prominence in the space…


Gilat to acquire Stellar Blu

Gilat to Acquire Stellar Blu, an IFC Market Leader with a First-to-Market…


Sailing through decades: Anne-Marie Neocleous' pioneering journey in Cyprus shipping

Interview between Adonis Violaris - CSN and Anne-Marie Neocleous, Executive…


Exuberant dry bulk market sees asset prices streak ahead of earnings

Dry bulk market players are putting earnings potential over asset values as…


Dry Bulk Market Monitor: Supply Dynamics Capesize C3 & C5 routes

This week’s chart illustrates the increase in monthly soybean export volumes…


WAF-UKC Suezmax rate dips below w100 for first time since May 15

The freight rate for the key West Africa-UK/Continent Suezmax run, exclusive…


Vitol invests in future of LNG bunkering by securing three LNG Bunkering Vessels

Vitol has secured three LNG Bunkering Vessels (“LNGBV”) through its shipping…


EU adopts 14th sanctions package against Russia

Circular issued by International Group clubs On 24 June 2024 the EU Council…


ProMarks and Trafigura sign MOU with the Angolan government

ProMarks, an international engineering company specialized in the energy sector…


Baltic index snaps 5-day winning streak on lower vessels rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships…


Europe & Africa Bunker Fuel Availability Outlook by ENGINE

Northwest Europe LSMGO demand has been muted in Rotterdam and in the wider ARA…


Fujairah Data: Oil product stocks drop to nine-month low

Stockpiles of oil products at the UAE’s Port of Fujairah dropped to a…


Increasing U.S. gasoline inventories are reducing gasoline prices

Weekly U.S. average gasoline prices have declined 19 cents per gallon (gal)…


Russian LNG exports up in H1 but set to fall due to maintenance

Russia’s liquefied natural gas (LNG) exports rose 2.7% in the first half of…


Asia Fuel Oil-HSFO range-bound; more July tenders underway

Asia’s high sulphur fuel oil benchmarks were range-bound on Wednesday, while…


SAIL Orders Fourth Hot-Blast Stove from Primetals Technologies for IISCO Steel Plant

New internal combustion chamber type stove will be added to blast furnace…


Terran Orbital and Hanwha Systems sign Memorandum Of Understanding

Terran Orbital Corporation, a global leader in satellite-based solutions…


KVH: Leading Maritime Connectivity and Digital Solutions in the Age of Satellite Innovation

Interview between Adonis Violaris of CSN and Chad Impey SVP, Global Sales and…


Product Tanker market to rebalance in response to contracting oil demand

The recent IEA report forecasting a decline in oil demand by the end of this…


Strategic partnership announcement between GMCG and ARCHE

GMCG, a Global leader in engineering and consultancy, and Arche Energy, a…


Turkey mediating Somalia-Ethiopia talks on port deal

Turkey has begun mediating talks between Somalia and Ethiopia over a port deal…


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