Daily News

After a prolonged period of high rates, container freight rates have shown signs of stabilizing. This temporary relief comes as a reaction to various market factors, including adjustments in supply …

On July 12, 2024, Saipem announced the signing of a significant framework agreement with BP to support offshore activities in Azerbaijan. The agreement will see Saipem leveraging their extensive expertise …

The American Bureau of Shipping (ABS) has granted an Approval in Principle (AiP) for a new gangway design developed by Pengrui Marine Equipment Ltd. and COSCO Shipping Heavy Industry. This …

The European Maritime Safety Agency (EMSA) recently took part in “Operation Breeze,” a joint maritime safety and security operation. This initiative was coordinated with several European Union member states and …

The Federal Maritime Commission (FMC) has initiated an investigation into the Gemini Alliance, a significant maritime consortium formed by several major shipping companies. The probe, which has resulted in delays …

Two Floating Production Storage and Offloading (FPSO) units, built by Singapore’s SeaTium Offshore, have received classification from the American Bureau of Shipping (ABS). These FPSOs are designed to operate off …

Japan’s NYK Line Expands with Eneos Ocean Subsidiary Acquisition Japan’s maritime giant, NYK Line, is set to further solidify its position in the energy shipping industry. In a strategic move, …

AMSA has recently published Marine Notice 03/2024 on the “Testing and Inspection of Oil Filtering Equipment Approved to Meet Resolution MEPC.107(49).” This notice aims to inform ship operators and recognized …

Panama’s Bold Move to Secure the Future of the Panama Canal In a groundbreaking development, Panama is set to “future-proof” the operation of the New Panama Canal against the lingering …

Navigating Towards a Greener Future: The Impact of FuelEU Maritime As the world grapples with the urgent need to combat climate change, the European Union (EU) is steering its maritime …