New Oil Export Pact for Venezuela Could be in the Works - sources

The cancellation of a license for Chevron to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other than

Port of Tyne, Artemis Launch Fully Electric Foiling Pilot Boat

The Port of Tyne has purchased the UK’s first fully electric foiling pilot vessel, a significant milestone for the Port and the UK’s maritime sector. The vessel, scheduled to be delivered before the

STAX Engineering raises $70M, starts carbon capture trials

Long Beach, Calif.-headquartered maritime emissions capture specialist STAX Engineering reports that it has raised $70 million in funding and is launching carbon capture trials with onboard carbon capture technology innovator Seabound. STAX

Telesat, Intellian Collaborate

Telesat (NASDAQ and TSX: TSAT) and Intellian announced a contract award for Intellian to design and manufacture Ka-band flat panel User Terminals for the Telesat Lightspeed Low Earth Orbit (LEO) constellation.Under this agreement, fully

Putting an emphais on hydrodynamic efficiency, the world’s largest cruise company, Carnival Corporation & plc [NYSE/LSE: CCL; NYSE: CUK], says that it is advancing greater fuel efficiency for propulsion through innovative hull

By Ilari Leinonen, Product Owner, Elomatic The maritime industry is currently navigating a period of transformation, which is driven by increasingly stringent regulatory frameworks and an industry-wide push towards decarbonization. With these

Jan De Nul to Install XXL Monopiles at 1.1GW Scottish Offshore Wind Farm

Belgian offshore installation contractor Jan De Nul has secured a contract for the installation of monopiles for 72 offshore wind turbines that will make up the 1.1 GW Inch Cape offshore wind

Marine Masters Secures Wellhead Platforms Installation Job Off India

Dutch offshore contractor Marine Masters has secured work on an offshore installation project for the greenfield Bhasker A & B platforms, designed and constructed by Indian energy company SunPetro.The project, managed by

GEOS Scoops $21M in Vessel Contracts with ‘Tier 1 International Majors’

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has signed new vessel contracts and extended the previous ones, securing $21 million, as well as additional $21.7 million for the option

Misinterpretation of Aids to Navigation Contributed to Grounding

Following the grounding of one of its pilot transfer launches in Port Phillip Heads, Australia, a Port of Melbourne pilotage services provider has developed additional operational guidance on the use of launch

Is Nuclear Power Maritime’s Best Hope to hit ‘Net Zero’?

In the ever-evolving quest for cleaner, more efficient energy sources in maritime vessel operations, nuclear power has re-emerged as a topic of serious discussion, as shipowners eye the International Maritime Organization push to

U.S. Dockworkers Ratify New Six-year Contract

More than 45,000 U.S. dockworkers represented by the International Longshoremen's Association ratified a new six-year contract on Tuesday, formalizing a deal that offers bumper pay hikes and averts any potential disruption until