After its first year of transatlantic service, NEOLINE's wind-powered cargo ship demonstrates the potential for substantial fuel savings, while technical issues highlight the challenges of bringing sail propulsion into mainstream commercial shipping.For all the discussion surrounding shipping's decarbonization, the commercial equation for alternative propulsion technologies remains relatively straightforward: How much does the technology cost, how much fuel can it save
Ukraine's renewed attacks on Russian oil refineries add to Moscow's difficulty in addressing domestic fuel shortages while it ships diesel to international markets under an export deal with US President Donald Trump.The Ryazan oil refinery, one of Russia's largest, appeared to have come under attack as part of a large drone strike overnight on industrial sites in the city, southeast of Moscow, according to a Reuters video analysis.
Turkey's Energy Minister Alparslan Bayraktar unveiled the country's 2040 national energy policy on Thursday, which requires $500 billion in energy investments by 2040, including more than $330 billion for electrification goals.Policy built on supply security, emissions reduction.Wind and solar power installed capacity target set at 175 GW by 2040.Plan projects installed power capacity will rise to 281 GW from current 123 GW, with renewables' share climbing to 77% from 63%.Offshore wind capacity target of 6 GW by 2040, with the first tender planned for April next year.
A French maritime patrol aircraft deployed to Romania to bolster surveillance after a series of deadly strikes on merchant ships in the Black Sea on the edge of NATO's eastern flank will extend its stay by several weeks, its commander said on Thursday.The attacks have shown how the escalating maritime war between Russia and Ukraine is expanding into a major challenge for NATO in the Black Sea that has left member states such as Romania and Bulgaria exposed.
Iran reported three more tankers had been damaged in the Strait of Hormuz on Thursday, making clear that shipping would remain in peril as long as the war in the Gulf is unresolved, now that US voters have punished President Donald Trump for waging it.The electoral rout that cost Trump's Republicans control of Congress has prompted a stark reassessment of the conflict's political cost in Washington, led by Vice President JD Vance, who said in a long social media post on Wednesday that the war was to blame for his party's defeat.
Often overshadowed by the towering jackup and ultra-deepwater floating rig fleets that dominate offshore headlines, tender-assist rigs are enjoying a resurgence in Southeast Asia. While they represent a relatively small niche of the global offshore drilling market, these versatile units have become indispensable to operators across Thailand, Malaysia and Brunei, where their efficiency and cost competitiveness continue to drive demand.Tender-assist rigs are designed for fast, efficient platform drilling.
The Maritime and Port Authority of Singapore (MPA), the Research Council of Norway (RCN) and the Singapore Maritime Institute (SMI) have launched a joint research grant call to develop solutions to support the decarbonization of international shipping.The joint grant call brings together the research, technology and industry capabilities of Singapore’s and Norway’s maritime innovation ecosystems to address shared technological and operational challenges and develop solutions applicable across international shipping.
StormGeo, a provider of weather intelligence and maritime technology and part of Alfa Laval’s Ocean Division, has joined forces with the China Classification Society (CCS) to help digitalize emissions data sharing and verification. The partnership is a step in StormGeo’s efforts to grow in China and better support local shipping customers.StormGeo currently supports approximately 700 vessels on GHG emissions and vessel performance in the Chinese market and has ambitions to expand its presence in the coming years.
Vard has started construction of the UPO Atlantic commissioning service operation vessel (CSOV) for U-Ming Purus Offshore (UPO), following a steel-cutting ceremony at its Vard Vung Tau shipyard in Vietnam.The ceremony, held on November 2, marked the first construction milestone for the vessel, designated NB 1004 and based on Vard's VARD 4 19 design.The UPO Atlantic is being developed to support offshore wind projects in Taiwan and across Asia, as part of UPO's expansion into the region's offshore wind market.
A South Korean robotics company is commercializing a lightweight wearable robot designed to reduce physical strain on workers performing repetitive lifting and other demanding tasks, with potential applications in shipbuilding, manufacturing, construction and logistics.SARTEXO, a spin-off of the Korea Institute of Machinery and Materials (KIMM), has introduced its Bionic Suit, a third-generation wearable robotic system that uses electrically activated artificial muscles embedded in fabric rather than conventional motors and rigid mechanical frames.
With plans to celebrate his family’s 100 years in shipping in 2027, Leif O. Høegh, Chair, Höegh Autoliners, takes a moment to reflect on the company’s bold, ‘first mover’ legacy.In 1927, a young Norwegian entrepreneur named Leif Høegh ordered his first vessel, a tanker named Varg. Backed by the legendary Danish shipowner A.P Møller, the fledgling company survived the Great Depression (and later, World War II) to operate a small fleet of oil tankers. But by the 1960s, the company began to diversify, entering new shipping segments.“Not all these investments paid off,” said Leif O. Høegh, Chair.
The Panama Canal expects to announce the pre-qualified bidders for a project to build and operate two new container terminals by the end of this year, Administrator Ilya Espino said on Wednesday, advancing a tender process linked to one of the world's most strategic trade corridors.Speaking at the Houston International Maritime Conference, Espino said the canal authority has evaluated initial proposals, and the shortlisted companies will next receive a request for proposals, moving the project into a more formal bidding stage.