Damen Shipyards Group has signed a contract with Polidano for the delivery of two Combi Freighters (CF) 3850. The Malta-based company will use the vessels primarily for the transport of aggregates for its construction business. The new vessels…
Japan’s Mitsui O.S.K. Lines, Hitachi and Hitachi Systems have signed a memorandum of understanding to develop floating data centers by converting second-hand vessels, aiming to meet growing demand driven by artificial intelligence.Under the agreement…
The U.K. government has committed up to $85 million (£64 million) to support the development of a floating offshore wind port at Port Talbot in Wales, as part of efforts to expand clean energy capacity.The funding will support Associated British…
Russia's Baltic Ust-Luga port, one of its largest petroleum export hubs, was damaged again on Sunday by a Ukrainian drone attack which sparked a blaze later brought under control, Russian officials said.It followed several Ukrainian drone strikes…
Russian oil producers have warned buyers they could declare force majeure on supplies from major Baltic Sea ports as Ukraine presses ahead with attacks on Russian energy infrastructure, two industry sources said on Friday.Ukrainian President…
BIMCO has released its Container Shipping Market Overview & Outlook March 2026 saying the Iran war amplifies outlook uncertainty.'Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped…
Hapag-Lloyd has published its annual report for the 2025 fiscal year, announcing that the group EBITDA stood at $3.6 billion (EUR 3.2 billion) and profits at $1.0 billion (EUR 0.9 billion).The result was at the upper end of the earnings forecast…
Russia's oil pipeline monopoly Transneft will try to redirect oil exports from the Baltic Sea ports, damaged by drone attacks, Interfax news agency reported on Thursday, citing the head of the company.According to Reuters calculations based on market data…
German shipping company Hapag-Lloyd is incurring additional costs of $40 million to $50 million per week due to the ongoing conflict in the Middle East, a burden described as 'not sustainable for a long time' by Chief Executive Rolf Habben Jansen on Thursday…
Maraen has approved plans for more than $40 million (£30 million) investment for the upgrades at the Port of Nigg, following the integration of three energy businesses under a new brand.Maraen combines the capabilities of Port of Nigg, Global Energy (Group) and Global Energy Services…
Following the deaths of hundreds on cattle on the livestock carrier Spiridon II last year, Animal Welfare Foundation reports that Turkish importers are taking legal action against the livestock dealer.The Spiridon II was stranded off the Turkish…
Supply disruptions linked to the U.S.-Israeli war on Iran could delay construction of liquefied natural gas projects slated for development in the U.S., Freeport LNG CEO Michael Smith said on Wednesday at the CERAWeek energy conference in Houston…
Russia's Baltic ports of Primorsk and Ust-Luga, major export terminals, suspended crude oil and oil products loadings on Wednesday, two sources told Reuters, after massive Ukrainian drone attacks sparked blazes, with smoke visible from Finland…
Jordan's state grain buyer has purchased about 50,000 metric tons of animal feed barley in an international tender on Wednesday, European traders said.The barley was said to have been bought from trading house CHS at an estimated $259.00 a ton…
A fire broke out at Russia's Baltic Sea port of Ust-Luga, a major oil export hub, after a major Ukrainian drone attack, Russian officials said on Wednesday.Ukraine has stepped up drone attacks on Russian oil refineries and export routes over recent weeks in an attempt to weaken Russia's war economy…