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Offshore Energy
Energean has resumed production from its floating production, storage, and offloading (FPSO) vessel located off the coast of Israel, as reported by Offshore Energy. The London-based oil and gas company is operating in the Eastern Mediterranean region.
Offshore Energy
Energean has restarted production from its FPSO vessel off the coast of Israel, as reported by Offshore Energy. The London-based company has brought the floating production, storage, and offloading unit back to operational status in the Eastern Mediterranean.
Splash247
Gianluigi Aponte, founder of the Mediterranean Shipping Company (MSC), has transferred ownership of his business empire to his children, Diego and Alexa, as reported by Splash247. This transition marks a new chapter for MSC, the world's largest containerline and a significant player in the cruise market.
Offshore Energy
Borr Drilling, based in Bermuda, is forecasting a rise in operational and contracting activities for its fleet, as reported by Offshore Energy. The company anticipates a boost in rig action, highlighting its strategic positioning in the offshore drilling market.
Seatrade Maritime
The Port of Everglades in Fort Lauderdale has successfully conducted its first LNG shore-to-ship bunkering operation, as reported by Seatrade Maritime. This development marks a significant expansion of fuel support capabilities at the South Florida port.
Seatrade Maritime
K Line has acquired the remaining stake in its offshore wind joint venture, aiming for more integrated business operations and streamlined decision-making, as reported by Seatrade Maritime. The acquisition is part of K Line's strategy to enhance its presence in the offshore wind sector.
Offshore Energy
Econowind, a Dutch developer of wind-assisted ship propulsion systems, is introducing a 30-meter steel suction wing system aimed at the deep-sea market, as reported by Offshore Energy. This innovation marks a significant step in enhancing the efficiency of oceangoing vessels.
Seatrade Maritime
Vale and Shandong Shipping have introduced the world's first ethanol-powered oceangoing vessels, which are expected to reduce greenhouse gas emissions by approximately 90%, as reported by Seatrade Maritime. These innovative ore carriers mark a significant step in sustainable maritime operations.
Splash247
Greek shipowner Harry Vafias has re-entered the VLCC segment after nearly 20 years, with Stealth Maritime contracting two 320,000 dwt newbuildings in South Korea, as reported by Splash247. The vessels are set for delivery in 2030 from Hanwha Ocean.
Splash247
Global oil markets saw prices rise above $100 per barrel as the U.S. implemented a naval blockade of Iranian ports, marking an escalation in the ongoing Hormuz crisis. The collapse of peace negotiations in Islamabad further diminished hopes for a diplomatic solution, as reported by Splash247.
