Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.The agreement, signed during the official visit of Sultan Haitham bin Tarik to France
Two supertankers and one liquefied natural gas (LNG) tanker exited the Strait of Hormuz earlier this week with their transponders switched off, and are heading for India and China, shipping data from LSEG and Kpler showed.The vessels joined a number of tankers leaving the Gulf this month, although oil and LNG traffic overall has still been limited.
The U.S. Coast Guard commissioned its newest Fast Response Cutter, USCGC Vincent Danz (WPC 1162), for official entry into its service fleet during a ceremony held in New York City on Friday.The Vice Commandant of the Coast Guard, Vice Adm. Thomas Allan, presided over the ceremony. Members of the Danz family were also in attendance, including the cutter's sponsor, Angela Donohue
Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s.
Many claim to have ‘saltwater in their veins,’ but all you have to do is walk into the corner office of John McDonald, the new Chairman and CEO of the American Bureau of Shipping (ABS), to see that him saying “I was born into maritime” is not hyperbole. The first thing that greets you is a Dusan Kadlec nighttime painting of the Brooklyn Bridge
With a growing focus on mitigating climate change and progressing toward the International Maritime Organization’s (IMO) 2050 net-zero target, the marine sector is under intense pressure to decarbonize. Today, maritime transport emits nearly one billion tons of CO2 annually, representing roughly 2-3% of all energy-related carbon emissions worldwide .
Island Oil has acquired two oil tankers, Island Polaris and Island Horizon, expanding its owned fleet and marine logistics capacity.The acquisitions form part of the company's long-term investment strategy to strengthen logistics capabilities and support demand for marine fuel transportation across the Mediterranean and Black Sea.
ABS has launched Eagle CRoute, an online tool designed to help containership operators improve operational flexibility through route-based lashing reduction factor calculations.Changing port rotations, blank sailings, evolving stowage plans and shifting geopolitical conditions are increasing pressure on operators to make faster loading decisions.
Germany’s Lloyd Werft Bremerhaven has been selected as the shipyard partner for Beyond Horizons, a 155-meter superyacht that aims to introduce a new private members’ club concept to the luxury maritime market.The announcement marks a key milestone for the Maybach Ocean Club project, moving the vessel from concept into the construction phase.
A new European partnership is set to help shipping companies navigate one of the industry's biggest climate challenges: how to decarbonize the existing fleet quickly, safely, and cost-effectively.The new FIT-HORIZONS project is bringing together 19 leading maritime companies, researchers, universities, software developers
British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late on Friday.The $5 billion investment would unlock 10 billion barrels of resources that BP has discovered in the Paleogene fields of the U.S. Gulf, the spokesperson said.The U.S.
C&C Marine and Repair has delivered the M/V Al Sloss to Canal Barge Company, completing the first vessel in a four-boat newbuild series currently under construction for the New Orleans-based operator.The 2,600-horsepower, 87- x 34-ft. towboat was designed by C&C Marine and Repair’s in-house engineering team and constructed on an accelerated schedule