Economy
Wallenius Wilhelmsen Signs $700 Million Maritime Contract with Asian Automaker
Wallenius Wilhelmsen has signed a three-year maritime transport contract worth $700 million with a major Asian automaker...
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Oil and Petrochemicals
Explosion at Hindustan Petroleum Oil Refinery in Visakhapatnam
A massive explosion at the Hindustan Petroleum oil refinery in Visakhapatnam, India, has led to widespread fire and seri...
Oil and Petrochemicals
JP Morgan Purchases Two New VLCC Tankers from Hanwha
JP Morgan has increased its total orders to 12 vessels by purchasing two new VLCC tankers from Hanwha Ocean. This contra...
Economy
Pezeshkian Emphasized the Removal of Subsidies for High-Income Individuals and Energy Price Reform
The President emphasized the necessity of removing subsidies for high-income individuals and reforming energy prices in...
Technology
The UK government has granted approval for the 2-gigawatt Sea Link submarine cable project
The UK government has issued a permit for the development of the 2-gigawatt Sea Link submarine cable between Kent and Su...
Oil and Petrochemicals
Yangzijiang Maritime Signs Contract to Purchase Four New Tankers
Yangzijiang Maritime Development has signed a contract to purchase four 50,000 deadweight ton tankers in China. This con...
Oil and Petrochemicals
Subsea 7 Signs $300 Million Development Contract with Aker BP for Lyra Field
Subsea 7 has signed a contract worth between $150 million and $300 million with Aker BP for the development of the Lyra...
Economy
Asia Break Bulk Secures Four New Tankers for Heavy Cargo Transport
Asia Break Bulk has enhanced its capabilities in heavy cargo transport by securing four new tankers. These tankers are s...
World
Céline Mortier Elected as New President of WISTA International
Céline Mortier, CEO of the Belgian maritime navigation services company, has been appointed as the President of WISTA In...
Oil and Petrochemicals
Serica Energy Signs Multi-Well Drilling Contract with Odfjell Drilling
Serica Energy, a UK-based oil and gas company, has signed a drilling contract with Odfjell Drilling for a multi-well cam...
Oil and Petrochemicals
Union Maritime Orders Two New Tankers in Dalian, China
Union Maritime has increased its construction program to six ships by ordering two new tankers in Dalian. These two new...
Oil and Petrochemicals
Incident Involving Tanker Near Oman
A tanker was targeted by an unidentified projectile near the shores of Oman. The UK Maritime Trade Organization has anno...