Ferguson Marine: New CEO Graeme Thomson

Scottish shipbuilder Ferguson Marine (Port Glasgow) Ltd announced the appointment of its new Chief Executive Officer, Graeme Thomson. Graeme will officially take up the position on Thursday, May 1, 2025, following on

Study Shows LCOE is Higher in Developing Countries

A new study released by UMAS and UCL Energy Institute Shipping and Oceans Research Group shows that poor access to funding and higher costs of capital in developing countries could almost double

JAMSTEC Launches Japan’s First Arctic Research Vessel

The Japan Agency for Marine-Earth Science and Technology (JAMSTEC) has launched Japan’s first Arctic research vessel, named Mirai II.The construction of the Mirai II vessel began in 2021, at Japan Marine United

Weak Demand Drives China Coal Imports Down 15%

“We estimate that coal shipments to China will show a 15% fall y/y during the first quarter of 2025, reaching a three-year-low. Seaborne cargoes have slowed due to weaker domestic demand and

Norden Sells Five Vessels to Streamline Asset Portfolio

Danish shipping company Norden has sold five vessels since, retaining 20 owned vessels and 79 long-term leases with purchase options in its fleet.Out of the five sold vessels, three of them were

Six DOF Vessels Set to Sail to Africa for Multi-Million Dollar Subsea Job

Norwegian offshore supply vessel operator DOF Group has secured a ‘very large’ subsea umbilical, riser, and flowline (SURF) project for an undisclosed energy company offshore Africa.Under the contract, DOF will deliver its

Report: EU ETS Not Being Circumvented

The European Commission has adopted a report on the implementation of the EU Emissions Trading System (ETS) for shipping that indicates there is no evidence of major changes in the market that

Australian Green Hydrogen Project Receives Government Funding

The Australian Renewable Energy Agency (ARENA) has announced the first recipient from its Hydrogen Headstart Program, with $814 million in funding allocated under round 1 to Copenhagen Infrastructure Partners’ (CIP) 1,500 MW

Seaspan Boosts Investment in Automated Welding Technology

Seaspan Shipyards has announced a $5 million investment in Novarc Technologies Inc., a North Vancouver-based full-stack AI robotics company specializing in the design and manufacturing of automated welding solutions.The funding will fuel