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Maersk Goes Big Capacity with Innovative Next Boxship Order
Maersk confirmed its next shipbuilding order, reporting it will build a series of large vessels that will maintain efficiency while increasing flexibility. It said the latest order is part of its ongoing fleet renewal program. The order is with China’s New Times Shipbuilding Company and calls for eight large vessels for delivery in 2029 and […]
Bakkafrost Q4 operating income hits $47m despite regional challenges
In Scotland, there is continued progress from the ramp-up of Bakkafrost’s Applecross hatchery. Production volumes of large, high-quality smolt are increasing, and Jacobsen said the company remains firmly focused on a steady and controlled ramp-up, prioritising biological stability and predictable execution. “The improved operational performance is encouraging as we look towards 2026,” added Jacobsen. “Following […]
NUS Project to Advance Near-Zero-Emissions Ammonia Marine Engines
[By National University of Singapore (NUS)] Industry–academia collaboration to be based at the National University of Singapore’s College of Design and Engineering targets decarbonisation of the global shipping industry through new ammonia-fuelled engine concept A major new research project to be located on the College of Design and Engineering (CDE) campus at the National University of […]
EU eyes extending Russia sanctions to ports in Georgia and Indonesia
The European Union has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time the bloc would target ports in third countries, a proposal document showed on Monday. The proposal, reviewed by Reuterswould add Kulevi in Georgia and Karimun in Indonesia to the sanctions list, […]
Oil gains as US urges vessels to avoid Iran near Strait of Hormuz
About a fifth of the oil consumed globally passes through the Strait of Hormuz between Oman and Iran. “The Iranian risk premium cannot be fully defused as long as US warships are located where they are,” said SEB analyst Bjarne Schieldrop. Oil prices had dropped earlier in the session, extending last week’s losses, after the […]
NATO to launch Arctic mission to boost surveillance assets
The mission was, “part of the Alliance’s efforts to further enhance our deterrence and defence in the region, particularly in light of Russia’s military activity and China’s growing interest in the High North,” a NATO official told Reuters in an email. The mission was expected to be operational soon, the official said. NATO said last […]
Equinor’s fourth-quarter earnings lifted by record production
Equinor recorded an adjusted operating income of $6.2 billion for the fourth quarter of 2025 as the company reported record annual production. The firm delivered a net income of $1.31 billion during the period, according to its financial statement released on February 4. Total equity production reached 2,198 mboe (349,451 cubic metres) per day in […]
French Navy Seizes Large Cocaine Shipment from Fishing Vessel
The French Navy is reporting the seizure of a large shipment of cocaine in the Atlantic Ocean region. It was unusual because the smugglers were using a fishing vessel. According to the report, the seizure was made under the authority of the public prosecutor in Brest. The French Customs Intelligence and Investigations unit and the […]
Russian Military Cargo Ship Draws Attention Lingering for Days off Sardinia
A Russian-flagged cargo ship, well-known for its military support operations, was lingering off the coast of Sardinia for nearly a week. While the ship has not violated any regulations, its unusual pattern of behavior has drawn attention, including it appears from the Italian Navy. The Sparta IV (8,870 dwt) is one of a series of […]