South Korea’s SK Oceanplant has landed its biggest merchant shipbuilding deal in years, signing a Greek owner for up to eight aframax tankers worth around KRW800bn ($583m). The firm contract is for six 115,000 dwt newbuilds, worth around $430m, and comes with options for another two ships. The...
TDI-Brooks recently completed a third-party geotechnical project offshore Alaska, supporting a short cable route survey for Woolpert utilizing their Gravity CPT Stinger (gCPT) system. The project consisted of a geophysical and geotechnical survey…
Subsea services and ROV technology provider Omega Subsea has entered into a long-term agreement to establish operations at Hilleren Navy Supply Park in Mathopen, adjacent to Haakonsvern in Western Norway.The company will become a strategic subsea partner and a key tenant at the site…
For most of its modern history, the ship recycling industry has been described by everyone except itself. Satellite imagery, NGO investigations, inspection findings, documentary crews — the story of what happens to a vessel at the end of its life has been told from the outside, usually...
Today, Tuesday, September 1 2026, the Baltic Dry Index decreased by 29 points, reaching 3157 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over...
Following receipt of the relevant regulatory clearances, NYK has completed the acquisition of a 50% stake in Avenir LNG Limited. The stake was acquired from Stolt-Nielsen Gas Ltd., a wholly owned...
From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran war by capturing market share lost by Middle Eastern exporters. The renewed focus on energy...
A weapon that can be fired towards enemy submarines from drones launched from aircraft carriers or other ships is being developed by the U.S Naval Air Systems Command.