Business

The crewboat measures 27 metres long and features an optimised hull form for improved seakeeping, manoeuvrability, and operational performance in Taiwan’s offshore waters. The accommodation and bridge deck layout have been refined with feedback from vessel operators and customers. The cabin design has been optimised for improved comfort and workflow, with ample storage space, comfortable […]

Danish Defence reports that the study group working on the strategy for the construction of its new Arctic ships selected a distributed construction model, which will be the most cost-effective while creating jobs and speeding development of the ships. They called the agreement a milestone that will also set the framework for further work leading […]

Officials in Santa Marta, Colombia are attempting to refloat a small tanker that has gone aground next to a breakwater near the center of town. At about 2230 hours on Monday night, the small tanker Intergod VII grounded on Playa de Los Cocos, a beach about one mile south of the main commercial seaport. The […]

The Italian Coast Guard completed its inspection of the livestock carrier Blue Ocean A after overseeing the towing of the disabled ship into the port of Cagliari. While not saying it was a record, they are reporting the vessel racked up an astonishing 54 deficiencies during the inspection, and 30 of them led to a […]

The ports of Sines and Coatzacoalcos formalized a Cooperation Protocol for the development of a maritime corridor between Portugal and Mexico, reinforcing the transatlantic connection and the strategic role of Sines. This partnership, within the scope of the Memorandum of Understanding between the two countries, focuses on the growth of maritime traffic, with emphasis on […]

Oil prices climbed about three per cent on Wednesday on a report that the US would not agree to change the location and format of talks with Iran planned for Friday. Brent futures rose $2.06, or 3.06 per cent, to $69.39 a barrel at 13:09 EST (18:09 GMT), while US West Texas Intermediate crude rose […]

Mexico’s Pemex supplied crude oil and petroleum products to Cuba worth $496 million in 2025 through a commercial contract effective since 2023, the CEO of the state energy company, Victor Rodriguez, said on Wednesday. The shipments to Cuba have heightened friction between Mexico and the US, after US President Donald Trump threatened last week he […]

CK Hutchison fired back in its ongoing dispute over the concession to operate the port terminal at each terminus of the Panama Canal, saying it has commenced an international arbitration. The Hong Kong-based company asserts Panama has been conducting a “campaign” against its Panama Ports Company and said it would seek “extensive damages” after Panama’s […]

Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next Brazil. Companies are restocking their oil and gas assets given prospects for fossil fuel demand to stay higher for longer than predicted […]

The company highlighted that the hull architecture was designed to accommodate upcoming electric builds, with the hull shape and propulsion system allowing for modifications when required by the offshore wind industry. Chief Executive Officer and Managing Director at HICO Investment Group, Chris Hartnoll, said the company is investing in advanced drive systems to prepare for […]