Subsea 7 scores Equinor contract
Oslo-listed Subsea 7 has won a contract from energy major Equinor for a front-end engineering and design (FEED) study for the Fram Sør development project, offshore Norway. The study will finalise the technical definition of the proposed subsea development before Equinor and its partners make the final investment decision, the company said in a filing. […]
Trump emphasizes potential use of military force, if necessary, to reassert control over Panama Canal
President-elect Donald Trump has not dismissed the possibility of using military force to regain control of the Panama Canal, while leveling accusations of Chinese influence over the strategic waterway. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you […]
Gemini Cooperation to partner with DP World in Canada operations
DP World and Gemini Cooperation, the new alliance between Maersk and Hapag-Lloyd, will launch a new partnership to enhance cargo operations throughout Canada. Beginning in February 2025, DP World will introduce several new container services at its terminals at the Port of Vancouver, Port of Prince Rupert and Port Saint John. The agreement with the new […]
Governments and Shipping Industry Push for GHG Pricing Mechanism
To achieve net-zero greenhouse gas (GHG) emissions from international shipping by 2050, the International Chamber of Shipping (ICS), along with 47 governments, has submitted a joint proposal for the final round of negotiations at the United Nations’ International Maritime Organization (IMO). The proposal calls for the adoption of a GHG emissions pricing mechanism for international […]
Shanghai container freight futures point to declining rates in 2025
Launched in August 2023, the Shanghai INE EC container freight futures contract, based on the SCFI’s China – North Europe sub-index, managed to find its footing in 2024, gaining increasing acceptance as a hedging tool among Chinese as well as some first European forwarders and shippers. Shanghai container freight futures started 2024 at around 1,850 […]
Carpenter dies after bulker accident in Kaohsiung
A 26-year-old carpenter working on a cargo hold in a ship anchored in Taiwan’s Kaohsiung port died on 8 January, after a cable broke loose and struck his head. Taiwan International Ports Corporation (TIPC), which oversees all ports on the island, said that the incident took place around 1.40 pm on 8 January on the […]
European Efforts Intensify as Shadow Fleet Evasion Poses Growing Challenges
The Joint Expeditionary Force (JEF) has recently launched a sophisticated UK-led initiative called Nordic Warden to surveil undersea infrastructure and keep tabs on the Russian shadow fleet, in response to damage to a critical undersea cable in the Baltic Sea. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember […]
Kongsberg Discovery acquires Naxys Technologies
Kongsberg Discovery has announced an agreement to acquire Naxys Technologies AS, a Bergen-based underwater environmental monitoring technology firm, specializing in detecting oil and gas leaks through sound recognition. Kongsberg CEO Geir Håøy mentioned: “As a technology company and ocean space expert, we have developed world-leading solutions to map, monitor and understand the oceans, which actually […]
What a difference a year makes
Red Sea diversions were in their infancy in January last year and followed a series of major industry challenges, including the pandemic, the Ever Given crisis, the US/China trade dispute, the Panama Canal drought and, last but not least, the Ukrainian war. This content is locked Select a CN Premium Subscription Package To Unlock The […]
Prosafe pens $110m flotel extension with Petrobras
Offshore accommodation vessel specialist Prosafe has signed a contract extension with Brazilian oil giant Petrobras for one of its semisubs. The vessel in question is the 2015-built Safe Zephyrus which will be used for safety and maintenance support offshore Brazil. The original 650-day firm period was due to be completed in February 2025. The contract […]