Stay informed with real-time maritime industry updates
Offshore Energy
According to Offshore Energy, Seadrill has extended its contract with Equinor Brasil Energia for a drillship operating off the coast of Brazil. This extension secures the drillship's presence in the region for an additional year.
Seatrade Maritime
According to Seatrade Maritime, high rates in the dry bulk market could persist into 2026, led by capesize vessels, unless shipping activities return to the Red Sea. Bimco predicts a softer market in 2027.
Seatrade Maritime
According to Seatrade Maritime, Denmark and China have renewed their bilateral agreement to collaborate on green maritime technology and shipbuilding. This extension aims to enhance cooperation in sustainable maritime practices between the two nations.
Offshore Energy
According to Offshore Energy, Japan’s MODEC, Norway’s Eld Energy, and Delta Electronics have partnered to promote hydrogen use in the maritime sector by deploying solid oxide fuel cell (SOFC) technology on a floating production, storage and offloading (FPSO) vessel. This initiative marks the first application of SOFC technology in this context, supporting the energy transition.
Splash247
According to Splash247, President Donald Trump has appointed Laura DiBella as the new chairman of the Federal Maritime Commission. DiBella, previously the Florida secretary of commerce, was designated as chairman on January 28, filling a leadership gap at the US maritime regulator.
Splash247
According to Splash247, Rex International's unit, Masirah Oil, has secured the Energy Emerger jackup drilling rig for offshore development at the Yumna field in Oman. The rig, operated by Northern Offshore, will support Rex Oman's drilling activities.
Splash247
According to Splash247, Panama's Supreme Court has declared CK Hutchison's contract to operate terminals at both ends of the Panama Canal unconstitutional, nullifying the 25-year extension granted to Panama Ports Company in 2021. This decision follows an audit by Panama's authorities.
Splash247
According to Splash247, global aluminium production has nearly tripled since 2000, significantly impacting the dry bulk market with seaborne bauxite trade reaching a new record last year. Analysis by Ursa Shipbrokers, using data from the International Aluminium Institute, highlights this growth in primary aluminium output.
gCaptain
According to gCaptain, a ferry sinking in Basilan, Philippines, has resulted in 29 fatalities, prompting the government to suspend the entire passenger fleet of the operator due to a pattern of safety failures.
gCaptain
According to gCaptain, the Arctic is becoming a strategic hub for energy, shipping, and critical minerals as sea ice melts. The U.S. and Europe are falling behind in controlling this region, highlighted by recent tensions over Greenland.
