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Latest news

New Caterpillar thrusters are hybrid compatible

R&D
Caterpillar Marine has announced a new generation of azimuth thrusters, the MTA v3.

Maersk leases oil storage in Singapore ahead of 2020 regulations

Safety & Regulations
Maersk Oil Trading has leased oil storage space in Singapore, indicating a push into the Asian bunkering hub, especially as we get near to the 2020 sulphur cap.

BHP to use drones to improve its freight operations

Digitalization
International resources company BHP, announced that it will be using drones in its freight operations.

South Korea to Fund LNG-Fueled Ship Construction

NewBuilds
South Korea's state-run Korea Ocean Business Corp. (KOBC) has announced $122 million in guarantees for local shipping companies to build LNG-fueled ships and to purchase other vessels.

Chevron Becomes First Major to Exit Norway’s Offshore Sector

Oil & Gas
American oil major Chevron has decided to leave the Norwegian continental shelf in favor of new prospects in other regions.

USCG Conducts First Rescues of Hurricane Michael Response

Safety & Regulations
On Wednesday, as Hurricane Michael neared shore in the Florida Panhandle, Coast Guard servicemembers near Fort Myers Beach, Florida rescued two sailors from a 50-foot sailing yacht after she ran into trouble with weather.

Asia Leads in Container Shipping Connectivity

Merchant Navy
China remained the trading nation best connected to others by sea in 2018, according to UNCTAD’s latest Liner Shipping Connectivity Index (LSCI), released alongside the Review of Maritime Transport 2018. 

US Navy ships rescue fishermen in South China Sea, Indian Ocean

Navy
The US Navy ships recently rescued distressed crews of two fishing boats in the Indian Ocean and South China Sea.

Chinese launch offshore installer

Wind Energy
Chinese company Ouyang Offshore has launched a new wind turbine installation vessel at Dayang Offshore Equipment's shipyard in Jiangsu, China.

MarTID 2019: Autonomous Operations and the Future Mariner

Autonomous Shipping
The second annual global Maritime Training Insights Database survey examines the impact of the autonomy trend in maritime operations on the training of future “seafarers”

Star Bulk secures $70m in green loan financing for scrubber retrofits

Business
New York-listed dry bulk shipowner Star Bulk Carriers has secured $70m in green loan financing for its scrubber retrofits as part of a $310m loan agreement.

Subsea 7 wins ‘sizeable’ Tullow EPCI contract offshore Ghana

Subsea Technology
Tullow Ghana has awarded Subsea 7 an engineering, procurement, construction and installation (EPCI) contract in the Jubilee field offshore Ghana.
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