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Panama Canal Celebrates Nine Years Since Expansion

Jun 26, 2025

The Panama Canal Authority celebrates the ninth anniversary of the canal’s expansion on June 26, reporting a rise in both transits and tonnage moved during the first eight months of fiscal year 2025 in comparison to the same period last year.Between October 2024 and May 2025, there was a 30% increase in the average daily number of transits and a 22% rise in tonnage, with 326 million CP/SUAB tons moved by May…

First Digital Fuel Certificate Issued for Ammonia Bunkering

Jun 24, 2025

In a milestone for the green fuel economy, Fortescue, in collaboration with Trovio and the Green Hydrogen Organisation (GH2), has completed the issuance of the world’s first digital fuel certificate for an ammonia-to-ship transfer. The transaction involved the Fortescue Green Pioneer…

Panama Warns of Middle East Security and Sanctions Risks

Jun 23, 2025

The General Directorate of Merchant Marine (DGMM) of the Panama Maritime Authority (PMA) has issued a series of warnings to Panamanian-flagged vessels due to rising tensions in the Middle East, through Maritime Notice MMN-04/2025.The DGMM highlighted…

Port of Aberdeen Connects First Vessel to Green Shore Power Demonstrator

Jun 19, 2025

Scotland’s largest maritime decarbonization project is now live at the Port of Aberdeen, providing green shore power for vessels at eight berths in the port’s North Harbour.The concept of shore power is simple: allowing vessels to plug directly into power from the port’s renewable energy tariff…

Cautious Optimism on US, China Tariff Truce

Jun 11, 2025

U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions…

Cerberus eyes Darwin Port

May 27, 2025

U.S. private equity firm Cerberus Capital Management has expressed interest in acquiring the lease to Australia’s strategically vital Darwin Port, according to a senior executive at Landbridge, the Chinese company currently operating the port…

Sovcomflot Plunges to $393m Loss in Q1 Amidst Sanctions

May 23, 2025

Russia's leading tanker group Sovcomflot plunged to a net loss of $393 million in the first quarter, blaming the slump on new Western sanctions that have led to operational problems, lower revenues and some vessels sitting idle.Sovcomflot's…

CK Hutchison Confirms Mediterranean Shipping Company As Main Investor in Ports Deal

May 22, 2025

CK Hutchison confirmed on Thursday that Italian billionaire Gianluigi Aponte's family-run MSC Mediterranean Shipping Company is the main investor in a group seeking to buy 43 ports from the Hong Kong conglomerate.Hutchison co-managing director…

Investcorp to Invest $550M in Oman’s Port of Duqm Expansion

May 19, 2025

Alternative investment firm Investcorp has signed a cooperation agreement to invest in a $550 million infrastructure project in Port of Duqm in Oman.Investcorp Aberdeen Infrastructure Partners (AIIP) – a joint venture with Aberdeen plc, will be the shareholder in the project…

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

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