Dearth of Finance Kills Shipyard Sale

Russia's second-largest lender VTB's deal to acquire the Zvezda shipbuilding yard from oil company Rosneft is now dead because the VTB-owned United Shipbuilding Corporation (USC) cannot finance the acquisition, VTB CEO Andrei

As Hostilities Resume, Red Sea Insurance Rates Hold FIrm

The cost of shipping goods through the Red Sea is expected to remain firm after the United States carried out further airstrikes on Yemen on Monday, adding to fears of new attacks

Alfa Laval Inks Deal for Ammonia Fuel Supply System

Alfa Laval has signed its first contract for the ammonia fuel supply system, FCM Ammonia.The FCM Ammonia will be installed on a CSSC Huangpu Wenchong shipyard in China for ship owner Tianjin

Iraq Seizes Suspected Fuel Smuggling Ship

Iraqi naval forces have seized an unidentified ship in Iraqi territorial waters in the Gulf suspected of smuggling fuel, the naval forces said in a statement.Fuel smuggling is common in Gulf waters,

Philippines Look to Include India, South Korea in Squad Group

The Philippines and its allies are trying to expand the Squad grouping of nations to include India and South Korea to counter China in the Indo-Pacific region, the Philippines' Armed Forces chief

Danelec Launches Emissions Compliance Module

Danelec launched an new vessel Emissions Compliance Module, offering shipowners and operators a way to meet stringent environmental regulations while reducing administrative burdens and improving fleet performance.Danelec’s Emissions Compliance…

Subsea7 to Keep Solstad’s Normand Subsea Vessel Busy for Years

Norwegian offshore vessel owner Solstad Offshore has secured a contact with Subsea7 for its subsea construction support vessel (CSV) Normand Subsea.The duration of the contract is two-year firm and three yearly options,

DP World and Maersk Agree to Expand Maritime Services in Brazil

Dubai-based ports and logistics firm DP World and shipping giant Maersk have signed a long-term agreement to boost container-handling capacity and increase weekly vessel calls to support Brazil’s growing trade demands.DP World

Russian Oil Discharged in China

A ship carrying Russian crude transferred from three smaller tankers that are under U.S. sanctions unloaded last week at a Chinese port, shiptracking data shows, ending an unusual month-long voyage highlighting the