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Performance Shipping Reports Strong Fleet Utilization, Fleet Expansion

Performance Shipping reported its third-quarter financial results for 2025, highlighting solid fleet performance amidst softer market conditions.For the three months ending September 30, 2025, the company posted net income of $3.9 million,

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Coal Shipments Plummet to 23 Year Low

“We estimate that coal shipments to advanced economies will fall 2% y/y in 2025, reaching a 23-year low. This will be the third consecutive annual drop although the pace of decline has

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Østensjø Rederi Orders its Most Powerful Offshore Tugboat

GONDAN signed a contract with Norwegian shipowner Østensjø Rederi to build a state-of-the-art offshore tugboat, which will be the most powerful in its tugboat fleet. Delivery of the vessel, whose operation will be

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MacGregor to Equip Atlantic Navigation’s CSV with AHC Crane

MacGregor has secured a contract to deliver a newly developed high-performance lightweight 165-tonne active heave compensated (AHC) crane to Hong Hua Yard in China for the vessel owner Atlantic Navigation.Equipment delivery is

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STAPEM Ops for Sonardyne’s Precise Positioning System

France-based STAPEM Group has chosen Sonardyne’s Ranger 2 Ultra-Short BaseLine (USBL) technology as the permanent solution for one of its flagship offshore support vessels, the STAPEM Boreale.Operating in one of STAPEM Group’s

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Glamox to Deliver Exterior LED Lighting for Seatankers’ OCV Fleet

Lighting specialist Glamox has secured a contract to supply exterior marine LED lighting for four Offshore Construction Vessels (OCVs) commissioned by shipping company Seatankers.These highly versatile vessels can support all manner of

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Fugro Wraps Up Survey at Dogger Bank South Offshore Wind Farm

Fugro has completed the geotechnical site investigations at the eastern array of Dogger Bank South Wind Farm, off UK.Fugro’s five-vessel campaign gathered core samples and cone penetration tests (CPT) data up to

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Drydocks World Converts Tanker to FPSO Ahead of Deployment off Nigeria

Drydocks World has completed the full conversion and integration of the EMEM Floating production storage and offloading (FPSO) unit, delivering a key offshore asset to support production at Nigeria’s Okwok field.The FPSO,

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Spiridon II: Call for IMO Investigation

The livestock carrier Spiridon II has unloaded cattle in the Libyan city of Benghazi after being stranded off the Turkish coast for more than a month after a month-long voyage from Uruguay