Business
“Stena Imperative” approached by Iranian vessels in the Strait of Hormuz.
The oil tanker Stena Imperative, associated with the United States, was challenged by small armed vessels assigned to Iran while crossing the Strait of Hormuz, off Oman. According to maritime safety information, the boats contacted the ship by radio and ordered it to stop the engines to allow an approach. The ship did not obey: […]
TotalEnergies secures exploration rights near Namibia megadiscovery
French oil major TotalEnergies has acquired a 42.5 per cent operated interest in Namibia’s PEL104 exploration licence as the firm expands its holdings off the southern African country, where it hopes to be the first to produce oil by the end of the decade. The licence, acquired for an undisclosed sum from Maravilla Oil and […]
Keyfield International signs $18m contract for new AHTS
Keyfield International has entered into a shipbuilding contract through its subsidiary, Keyfield Resolute, for the construction of a new anchor handling tug supply vessel. The agreement with China’s Jiangsu Shunhong Marine Technology involves a contract price of $18 million, which is equivalent to MYR70.7 million. Jiangsu Shunhong has previously constructed offshore support vessels for the […]
Yang Ming with two new LNG container ships and debuts 15,500 TEU series.
Taiwanese shipowner Yang Ming marked in Ulsan, South Korea, the christening of two new dual-fuel LNG container ships, the YM Willpower and the YM Worthiness, which represent the first units of a new series with 15,500 TEU. The shipowner frames this investment within its commitment to sustainability, highlighting that the use of LNG will allow […]
Norway security service flags higher Russian espionage risk in Arctic
Russia is expected to step up spying in Norway this year, focusing increasingly on the country’s Arctic mainland and the Svalbard archipelago, the Norwegian domestic security service PST said on Friday, also warning of sabotage risks. Norway, an ally of Ukraine and Europe’s top supplier of pipeline gas, has been increasingly concerned that Russian intelligence […]
Victoria Container Terminal extends contract at Melbourne
ICTSI has made long-term investments in VICT since the original lease was agreed in 2014. The company is currently implementing a new investment program scheduled for completion in late 2027. Upgrades under this program include a new neo-Panamax ship-to-shore quay crane, four hybrid automated straddle carriers, and the extension of two container stacking blocks. The […]
Kongsberg beats profit forecasts as order backlog jumps in Q4
“We are experiencing high demand for our solutions in a world undergoing significant change, and we have established a robust foundation for the continued development,” Kongsberg CEO Geir Haoy said in a statement. Kongsberg Gruppen, maker of the joint strike missile air defence system, increased its order backlog to NOK157.4 billion at the end of […]
Vietnam picks Vingroup unit for offshore wind project
Vietnam’s authorities selected a newly created subsidiary of real estate conglomerate Vingroup to develop the first phase of one of the country’s largest offshore wind power projects, excluding Morgan Stanley-backed German renewable firm PNE which said the decision came as a surprise. It is the latest setback for foreign investors in Vietnam’s energy sector, after […]
Port of Figueira da Foz closes 2025 below 2M tons.
The port of Figueira da Foz ended 2025 with a global movement of around 1.9 million tons, once again falling short of the 2 million barrier and showing a decline compared to the previous year. According to data released by the Administration of the Port of Figueira da Foz (APFF), the volume recorded represents a […]