Oceaneering bags several North Sea contracts
The UK arm of Houston-based Oceaneering International has secured multiple contracts for decommissioning, inspection, subsea preparation, and installation support services in the UK sector of the North Sea. The contracts were awarded by multiple operators in the region and, when combined, total an estimated 65 days with options to extend the contract durations. These contracts […]
Ocean Installer scores subsea tie-back project to Anasuria FPSO
Marine construction contractor Ocean Installer, part of Moreld, has been awarded a sizeable project from a UK subsidiary of Hibiscus Petroleum for work on the Teal West development. The contract was awarded by Anasuria Hibiscus UK as part of a new frame agreement for offshore construction. The Teal West development in the Central North Sea […]
IRS-classed tanker MT Elgon ready for Lake Victoria operations
The Indian Register of Shipping (IRS), a premier international classification society, announces the successful delivery of the Double Hull Oil Tanker ‘MT ELGON’ on 16 August 2024. Constructed by Mahathi Shipyard Uganda and adhering to IRS’s rigorous classification standards, this vessel is set to operate on Lake Victoria, catering to Uganda, Kenya, Rwanda, and Tanzania. […]
ONE introduces new services linking East Asia and Middle East
Ocean Network Express (ONE) announced the launch of its new weekly services—“Gulf Asia Liner Express (GLX),” “Central China Middle East Express (CMX),” and “South China Middle East Express (SMX)”—which will connect East Asia with the Middle East. These new services will enhance coverage, boost connectivity, and increase frequency to Asia for this expanding trade route, […]
Maersk’s methanol ship docks at LA’s green APM Terminals Pier 400
Decarbonizing supply chains gains momentum as land and sea integrate, with “Green Corridors” enhancing global connections. The arrival of Maersk’s revolutionary methanol-powered vessel at Los Angeles’ APM Terminals Pier 400 highlights the alignment of future-forward ships with cutting-edge terminals. In addition, APM Terminals, participating in a pioneering electrification pilot across eight locations, is advancing towards […]
Navigating air cargo’s peak season
To avoid peak season meltdown, logistics providers and air cargo carriers must meet the challenges this time of year brings. Attacks on cargo ships in the Red Sea have caused maritime transport delays, diversions and sharply rising costs this year, and that’s having an impact on air cargo too, heightening demand. E-commerce retailers with international […]
Diana Shipping locks ultramax bulker into charter with Cargill
New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Cargill for one of its vessels. Aquavita chartered the 2015-built, 60,508 dwt ultramax bulker DSI Pegasus for a gross charter rate of $15,250, minus a 5% commission paid to third parties, for a period until a minimum of June 1, […]
Global bunker indices trending up
During Week 35, global bunker indices from MABUX experienced a moderate upward trend. The 380 HSFO index climbed by US$5.83 to US$529.18/MT. The VLSFO index saw a rise of US$16.99 to US$635.76/MT. The MGO index also gained US$6.07, reaching US$793.17/MT. “At the time of writing, there was no clear trend in the global bunker market,” […]
Asia’s container exports to Europe surge 8% in June
In June, container exports from Asia to Europe reached 1.59 million TEUs, marking an 8% increase compared to the previous year, according to data compiled by the Japan Maritime Center (JMC) and provided by the U.K.’s Container Trades Statistics (CTS). This rise in shipments, driven mainly by increased exports from China, has continued to climb […]
AD Ports Group enters global top-20 after Noatum acquisition
According to a recent industry survey by Drewry, AD Ports Group has made its debut in the global top 20 rankings of world port operators. Ranked 19th globally, this achievement highlights the expanding influence of AD Ports Group’s ports business, which has grown significantly following new operating concessions and the 2023 acquisition of Noatum, a […]