Big Bank CEO pay surged by $45 million in 2025

SeaBird Exploration Nets Contract Extension for Seismic Survey Vessel

Norwegian marine seismic survey services firm SeaBird Exploration, part of SED Energy Holdings, has secured a contract extension for its Fulmar Explorer seismic survey vessel.SeaBird Exploration has signed a three-month contract extension

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Seatrium Targets $40M Cost Savings in Continued Divestment Drive

Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine

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Tidewater to Acquire Wilson Sons Ultratug Offshore in $500M

All-Cash Deal, Expanding Brazil FootprintTidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash

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Call for Australian Government to Take Up Sustainable Seafarer Welfare

On the 20th anniversary of the Maritime Labour Convention, the NGO Human Rights at Sea has called on Catherine King, Australia’s Minister for Transport, to take action on the consistent provision of

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Passengers Evacuated from World Legacy

All 271 passengers from the Liberia-registered passenger vessel World Legacy have been safely evacuated.The fire occurred on February 20 while the vessel was en route to Singapore and resulted in the death

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Xeneta: Weekly Ocean Container Shipping Market Update

“Average spot rates are down this week across all main fronthaul trades out of the Far East. From Far East to US West Coast and US East Coast, it is a textbook

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Croatia to Allow Russian Oil to Hungary, Slovakia

Croatian pipeline operator JANAF must allow transit of Russian seaborne oil to Hungary and Slovakia, refiner MOL Group said on Friday, noting both countries have exemptions to EU sanctions on such imports.Hungary

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AKOFS Offshore Inks New Vessel Deal with Petrobras

Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras for its Aker Wayfarer vessel.AKOFS Offshore, majority owned by Akastor, said the 2010-built vessel will

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Orange Marine Orders Two More Cable Laying and Repair Vessels from Vard

Norwegian ship designer and builder VARD has secured on order from France’s Orange Marine for two additional cable laying and repair vessels of the VARD 9 03 design, to be built at