Big Bank CEO pay surged by $45 million in 2025

Brim Explorer Orders Two Battery-Powered Trimarans

Tourism and technology company Brim Explorer has signed contracts for the construction of two efficient, battery-powered passenger vessels. The high-speed trimarans are scheduled for delivery in spring 2027.The two new trimarans have

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Jotun-Coated Vessels See 11.8m Tons of Avoided CO₂ Emissions

Jotun, a leading manufacturer of marine coatings, reported an estimated 11.8 million tons of avoided CO₂ emissions for vessels coated with its products in 2025, an increase from 11.1 million tons from

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First Venezuela Oil Cargoes Chartered Since US Supply Deal

Trading houses and buyers of Venezuelan oil have chartered the first very large crude carriers (VLCCs) to export from the South American country since a Caracas-Washington supply deal began, which is set

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Transneft Cuts Crude Oil Intake After Ukrainian Drone Attack

Russia's oil pipeline monopoly Transneft has cut crude intake into its system by some 250,000 barrels per day after a Ukrainian drone attack on its Kaleykino pumping station on Monday, two sources

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Hoyer VMS Group Strengthens Chinese Presence with Headquarters Expansion

Hoyer VMS Group, a global partner for power and motion solutions at sea, is expanding its Asian headquarters in Ningbo, China. The 3,800 square meters warehouse and workshop expansion enhances Hoyer VMS

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Freire Signs Deal with Sweden’s FMV for Four Naval Support Vessels

Spanish shipbuilder C.N.P. Freire has signed a contract with the Swedish Defence Materiel Administration (FMV) to construct four naval support vessels.The 47-meter vessels will be designed for naval support missions and built

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Silk Searoad Appoints V. for Bulk, Tanker Fleet Management

V., the global ship manager and marine services provider, has announced a new partnership with Greek shipowner Silk Searoad Maritime S.A for the technical management of their bulk and tanker fleet of

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NorthStandard Partners Signol to Support Crew-Led Decarbonization

Marine insurer NorthStandard has entered a two-year partnership with behavior change specialist Signol to offer members discounted access to a crew-focused decarbonization service aimed at reducing fuel consumption and emissions.Under the agreement…

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Kongsberg Discovery Expands Multibeam Echosounder Portfolio

Kongsberg Discovery has launched two new variants of its EM2042 multibeam echosounder, extending high-resolution seabed mapping capabilities to deep-rated subsea vehicles and naval operations.The new EM2042 DR600 and EM2042 BNS build on