Stay informed with real-time maritime industry updates
Offshore Energy
Japan’s MODEC and Norway's Eld Energy are collaborating to develop a 1.2 MW carbon capture power system for zero-emission floating production, storage, and offloading (FPSO) units, as reported by Offshore Energy. This initiative marks a significant step towards sustainable maritime operations.
Offshore Energy
Velesto Sumber, a subsidiary of Malaysia's Velesto Energy, has secured a new drilling contract for its 12-year-old premium jack-up rig off the coast of Thailand, as reported by Offshore Energy. This multi-well drilling campaign marks a significant assignment for the company in Southeast Asia.
Seatrade Maritime
Seatrade Maritime highlights the need for the EU to bolster its shipbuilding capabilities in light of global geopolitical tensions. The strategic importance of the industry has been underscored by recent events, prompting calls for decisive action.
Splash247 reports that Kawasaki Kisen Kaisha (K Line) has ordered four LNG dual-fuel car carriers to enhance its automotive logistics in Europe. The vessels, each with a capacity of approximately 1,380 vehicles, will be constructed by China Merchants Jinling Shipyard (Nanjing) for K Line's European operations.
Seatrade Maritime
Seafarers are often caught in complex legal situations due to the transient nature of shipping, as reported by Seatrade Maritime. The length of detentions can vary significantly, and multi-jurisdictional complications add to the challenges faced by crew members.
Bertrand Smith, director general of the Maritime Authority of Jamaica, emphasizes the critical role of the International Maritime Organization (IMO) in maintaining global shipping standards, as reported by Splash247. The IMO's regulations on safety, security, and pollution prevention are vital for enabling ships to operate internationally under a unified set of rules.
Seatrade Maritime
Seatrade Maritime reports that LEDGID, a seafarer digital identity start-up, has secured its first signatory for the BIMCO Seafarer Digital Certificate Charter. Additionally, The Mission to Seafarers has been named as the official welfare partner of the initiative.
DHT Holdings has secured a newbuilding slot at South Korea's Hanwha Ocean for a Very Large Crude Carrier (VLCC), set for delivery in August 2028, as reported by Splash247. This vessel will be a sistership to the two VLCCs ordered in 2024 and delivered earlier this year.
Seatrade Maritime
Iran's oil exports from the Gulf region have sharply declined, with only four tankers carrying petrochemicals in May, as reported by Seatrade Maritime. This significant drop reflects the impact of the US blockade on Iranian oil shipments.
gCaptain
Delfin Midstream has secured approval for a $5 billion floating LNG export project off the coast of Louisiana, marking the first of its kind in the U.S. and the world's largest FLNG development, as reported by gCaptain. The project is backed by BlackRock's GIP, MOL, and Vitol.
