Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.The agreement, signed during the official visit of Sultan Haitham bin Tarik to France, provides the framework for the development of a new $400 million multipurpose logistics terminal in Sohar…
The U.S. Department of Transportation's Maritime Administration (MARAD) has decided to move forward with issuing a deepwater port license to Delfin LNG after a federal appeals court denied review of a legal challenge by environmental groups…
Russia's second city of St Petersburg and the surrounding region came under a major Ukrainian drone attack overnight on Saturday, with a local port and oil infrastructure hit, Russian and Ukrainian authorities said, as Kyiv's drone strikes continue to deepen fuel shortages in Russia…
Boskalis and Van Oord have been awarded a dredging contract worth approximately $570 million (€500 million) for the expansion of the Port of Luleå in Sweden.The contract was awarded by the Swedish Maritime Administration and the Port of Luleå…
Nord Gas Solutions has secured a contract to supply an LNG regasification system for Belgium-based Exmar as part of the conversion of a floating storage regasification unit (FSRU) that will support the expansion of the EemsEnergyTerminal in Eemshaven…
A new engineering design and commercial advisory company focused on offshore wind, subsea transmission and marine infrastructure projects has launched in Ireland under the name of Insight Marine, targeting growing demand for specialist support across the global maritime sector…
SeaRenergy Offshore Holding GmbH, a service provider for the offshore wind industry, is restructuring its management team to align its leadership organization with the company’s next phase of growth.After 24 years of service to the Rickmers…
Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion.Brent crude futures LCOc1 fell 24 cents, or 0.25%, to $94.79 a barrel by 0704 GMT after settling down 2…
The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days…
Aqua superPower and Tidal Transit have formed a strategic partnership to support the deployment of electric crew transfer vessels (E-CTVs) for ports and harbors serving offshore infrastructure, including offshore wind projects.Under the agreement…
A consortium led by Stillstrom by Maersk has secured $5.8 million (€5 million) in funding from the European Union’s Horizon Europe program to develop and test offshore charging infrastructure for vessels at anchor in Denmark.The three-year SPARK…
EnergyPathways has signed a collaboration agreement with Associated British Ports (ABP) to evaluate the Port of Barrow in northwest England as a location for onshore facilities linked to its Marram Energy Storage Hub (MESH) project.The AIM-listed company said the MESH project…
UTC Overseas and Transoceanic Development have launched UTC Transoceanic (UTC Transo), a joint venture aimed at supporting the growing logistics needs of energy, power and industrial infrastructure projects along the U.S. Gulf Coast.Headquartered in New Orleans…
Descartes Systems Group has released its May Global Shipping Report which found that U.S. container imports decreased by 3.2% in April 2025, as trade uncertainty and geopolitical risks persist.In April 2026, U.S. container import volumes decreased by 3…
Coal shipments to Japan, South Korea and the European Union rose 27% year-on-year in April as tight gas supplies and disruption to LNG shipments prompted buyers to seek alternative fuel sources for electricity generation, shipping association BIMCO said…
