Oslo-listed accommodation rig owner Prosafe has firmed up a previously announced letter of intent with Ithaca Energy for work in the UK North Sea. The company said the contract has now been signed for ...

There was no sign of a shipping breakthrough in Hormuz this week. If anything, the strait became more dangerous and closed. Donald Trump has been discussing his war with Iran with Xi Jinping while on ...

Norwegian gas carrier owner Awilco LNG is looking to rebrand following the departure of long-serving chief executive Jon Skule Storheill. The Oslo-listed LNG shipping company said only several days ...

Turkish authorities have identified four offshore wind sites in the waters off Saros Bay, Gökçeada, Bozcaada, and Edremit for the upcoming Renewable Energy Resource Area (YEKA) tenders. Turkey’s ...

Malaysia’s Petronas has signed a 20-year time charter agreement with compatriot MISC for five newbuild 174,000 cbm LNG carriers. This follows the conclusion of shipbuilding contracts between MISC and ...

A new white paper argues that shipping’s current fragmented approach to climate risk management leaves it dangerously exposed. The white paper titled, Navigating climate transition risks in global ...

Every extra mile and every idle hour in port is a ‘carbon tax’ that a vessel pays with its annual rating. While the industry focuses on engine efficiency, the real battle for the CII rating is won or ...

Singapore-based Fast Offshore Supply (FOS) has selected Incat Crowther to design a fleet of 10 crew transport vessels (CTVs) set to work for Shell offshore Brunei. The new vessels, which will be ...

One of the best known names in container shipping is readying for a new adventure. Lars Jensen, who heads up consultancy Vespucci Maritime, will be packing his camper van shortly for an epic, 18-month ...

Danish product tanker owner Torm is expanding its fleet again after lining up eight additional vessels through a mix of resale and secondhand acquisitions. The Copenhagen- and New York-listed company ...

Abu Dhabi state investor Mubadala has announced a $325m investment in Ørsted’s Hornsea 3, which, once completed, will be the world’s single largest offshore wind farm. Mubadala is investing alongside ...

Willem Vermaat, shipping director at Heidelberg Materials Trading, on today’s technology glut that is holding shipping back. There’s a phrase I’ve been using lately that tends to get a reaction in a ...