The Port Journal

Most of its cargoes were bound for Southeast Asia, according to trade sources and shipping data. Meanwhile, exports from Singapore onshore tanks fell 25.8 per cent week-on-week to about 352,000 tonnes. China remained the top destination for Singapore’s fuel oil outflows, as in prior weeks. The spot market for high-sulphur fuel oil retained strong premiums […]

Full-year adjusted EBITDA for 2025 was $126 million, down from $132 million in 2024. The company initially provided guidance of $120 million to $150 million before updating the figure to approximately $115 million in October 2025. Regarding financial guidance for 2026, Solstad Offshore indicated that the operational adjusted EBITDA is expected to reach between $50 […]

The UK Marine Accident Investigation Branch (MAIB) has published its report following the investigation into the collision between the cargo ships Polesie and Verity in the North Sea off Germany on October 24, 2023. On the morning (local time) of the said date, the Isle of Man-registered general cargo carrier Verity collided with the Bahamas-registered […]

In July last year, President Trump signed an executive order aiming to, “ensure that American AI technologies, standards, and governance models are adopted worldwide.” The United States is also using APEC to promote American private-sector technologies designed to combat illegal, unreported and unregulated fishing, which Washington says threatens food security and maritime sovereignty in parts […]

Norwegian oil and gas investments are expected to decline this year and next as many field developments are completed while fewer new projects begin, a quarterly survey of the industry showed on Thursday. Norway produces about two per cent of global oil and meets about 30 per cent of Europe’s gas needs, after becoming its […]

Saudi Arabia’s crude oil exports to China are set to touch a multi-year high in March after the kingdom cut its official selling prices to Asia for a fourth month and attracted more demand, several trade sources said. State oil company Saudi Aramco will ship at least 53 million barrels to China in March, or […]

US marine environmental consulting firm CSA Ocean Sciences has joined UK-based APEM Group, a provider of independent environmental and scientific advice to a wide range of industries. CSA has brought in 115 new personnel to expand APEM’s marine science capabilities while adding new marine operations services to a global client offering. In establishing a new […]

French shipbuilder Pech’Alu International has delivered a new sailing passenger boat to Brittany-based operator Le Passeur des Îles. Designed by L20 Naval, Pass’avel is a monohull commuter and tourist vessel capable of accommodating up to 58 passengers. Boasting a lightweight aluminium hull and a wooden superstructure, she will be operated along with four other vessels […]

The propulsion arrangement on each ship includes one MAN 6S60MC-MK 10.5-GI-EcoEGR main engine with a rated output of 14,950 kW (20,000 hp) driving a propeller, a 2,000kW bow thruster, and three Himsen 8H22CDF 1,500kW generators. The LNG fuel is stored in two type C tanks with a combined capacity of 1,700 cubic metres (370,000 gallons). […]

In fulfilment of a decree issued by the Russian Government on March 6, 2024, changes will now be made to the boundaries of the Port of Petropavlovsk-Kamchatsky in Russia’s Far East. Port operator Rosmorport said the adjustments are related to the increase in the area of section 15 of the seaport water area, as well […]