PaxOcean–ABB electric tug reaches major milestone

MOL Gets ClassNK Approval for Jointing and Burial Vessels Design

Mitsui O.S.K. Lines (MOL) has secured an approval in principle (AiP) from ClassNK for the basic design of specialized vessels to joint and bury subsea power cables.MOL is working with Sumitomo Electric

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Eidesvik Offshore Secures Work for Viking Princess PSV

Norwegian offshore vessel owner Eidesvik Offshore has secured a contract for its Viking Princess platform supply vessel (PSV).The contract has been signed with operators DNO Norge, Sval Energi, which is another DNO

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BP Sells Majority Stake in Castrol to Stonepeak for $6B

BP has agreed to sell a 65% stake in its Castrol lubricants business to infrastructure investor Stonepeak at an enterprise value of about $10 billion, as the energy major presses ahead with

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Venezuela Turns to Floating Oil Storage as Onshore Tanks Fill

Venezuela's state-run oil company PDVSA has started filling tankers with crude and fuel oil and keeping them in Venezuelan waters, as inventories have mounted due to the U.S. seizing Venezuela-linked ships at sea, according to company documents and shipping data.This month,

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Venezuela Passes Law Against Piracy, Blockades Amidst US Tanker Seizures

Venezuela's ruling-party controlled National Assembly unanimously approved a law on Tuesday that allows prison sentences of up to 20 years for anyone who promotes or finances what it describes as piracy or

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CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions

Two vessels from CMA CGM, the world's third-largest container shipping line, have travelled through the Suez Canal, the authority that runs the waterway said on Tuesday, in a sign the disruptions linked to the

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North Sea Boulevard on Maasvlakte Reopens After TenneT Offshore Wind Cable Installation

The North Sea Boulevard and Maasvlakte Boulevard are reopened to traffic as TenneT's cables for connecting two offshore wind farms are now buried in the seabed along the road. The high-voltage cables

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Svitzer Reshuffles Leadership in Americas and Europe

Towage services provider Svitzer has announced leadership changes across its Americas and European operations, starting from 2026, as part of a planned management transition.Arjen Van Dijk, who has served as managing director

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CMA CGM, DHL Step Up Ocean Freight Decarbonization with Biofuel Deal

DHL Global Forwarding and shipping group CMA CGM have agreed to jointly use 8,990 metric tons of second-generation biofuel to reduce emissions from ocean freight.The initiative is expected to cut around 25,000