New York City headquartered tanker operator International Seaways, Inc. [NYSE: INSW] reported first quarter results that were down on the equivalent quarter of last year, but that president and CEO Lois K.
The four 96-meter construction and commissioning service offshore vessels (C-CSOVs) on order in China for operation by Deutsche Offshore Schifffahrt (DO) [see earlier story] will each feature three MAN 8L21/31 MK2 gensets.
For the first quarter of 2025 A.P. Moller – Maersk A/S (Maersk) reports revenue growth of 7.8% to $13.3 billion with EBIT increasing to $1.3 billion from $177 million a year ago.
Wallenius Wilhelmsen reports that it has entered into a three-year shipping contract with one of the world’s leading construction and mining equipment manufacturers. The contract is estimated to have a value of
With the reintroduction of the SHIPS for America Act and a Trump executive order calling for restoration of America’s maritime dominance, the mood in American maritime is more optimistic than it has
The two dual-fuel methanol escort tugs on order for Kotug Canada at Sanmar Shipyards in Turkey will be fitted with Schottel rudderpropellers featuring the Sydrive-M mechanical hybrid solution. Based on the Robert
In a much-anticipated move, Wärtsilä is now making its onboard carbon capture solution (CCS) commercially available to the world maritime industry — and It says that, according its tests, the solution is
London-headquartered KPI Ocean Connect, one of the world’s largest bunker trading companies, has named Dorthe Bendtsen as its CEO, after she assumed the role on an interim basis in December 2024. With
Bollinger Shipyards and Edison Chouest Offshore (ECO) have formed a strategic partnership called United Shipbuilding Alliance (USA). Together, Bollinger and ECO have 33 operational shipyard and fabrication facilities and the partnership is
New York Attorney General Letitia James led a coalition of 17 other attorneys general in filing a lawsuit to end the Trump administration’s arbitrary and indefinite halt on new offshore wind energy