The World Maritime University (WMU) has published a new report, In Search of a Sea-Life Balance in an Adverse Environment, shedding light on the realities of seafarers’ work, health and career intentions in today’s shipping industry. Commissioned by the Officers’ Union of International Seamen (OUIS), the study draws on responses from 4,372 seafarers representing 99 nationalities
Finnish engineering group Wärtsilä has agreed to divest its Gas Solutions business to German private equity investor Mutares SE & Co. KGaA, continuing its efforts to streamline operations and unlock value from its portfolio.Gas Solutions, which operates globally across the gas value chain, provides systems and lifecycle services for maritime gas handling, inert gas systems, gas-to-power solutions
Odfjell SE and Japan’s Nissen Kaiun Co., Ltd. have formed a new Bergen-based joint venture, Odfjell Hakata Maritime AS, marking a significant expansion of their long-standing partnership and adding substantial capacity to the global chemical tanker market.The JV will launch with a fleet of 10 stainless-steel chemical tankers, equally contributed by the two companies.
The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s most critical oil and gas chokepoint. But one thing is already clear: even if the guns fall silent, flows through the narrow waterway will take months – and possibly years – to recover to pre-war levels.
Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday, Aramco offered 2 million barrels of Arab Heavy crude to load at the Ain Sokhna port of Egypt.
NYK and NYK Ship management Pte. Ltd. (NYKSM) conducted a drill on October 17 that simulated a response to an accident off the coast of Okinawa Island.The exercise featured a scenario in which a fire broke out in the cargo hold of a car carrier owned and operated by NYK and managed by NYKSM. During firefighting operations, the vessel also collided with a small craft.
Emirates Shipping Line (ESL) enters the US market with the launch of the Sun Chief Express (SCX).The Sun Chief Express (SCX) will directly connect Seattle, WA with Ho Chi Minh, and Shekou, while also providing wider coverage of Southeast Asia via these ports. ESL will leverage its intermodal solutions within the US market
Wärtsilä Gas Solutions and Höegh Evi have successfully completed development of the world’s first floating ammonia-to-hydrogen cracker. This technology enables floating import terminals to produce hydrogen at industrial-scale volumes from transported ammonia, marking a step in the energy transition. The project was announced in April 2023 and is part of Norway’s green platform program.
Odfjell SE has reported preliminary full-year and fourth-quarter 2025 results, delivering what the company calls a resilient financial result that demonstrates a robust business model.“The fourth quarter concluded a year dominated by significant uncertainty and more challenging market conditions.
Odfjell SE has reported its results for the first quarter of 2025, showing a resilient financial result despite the increased market uncertainty due to the initial U.S. trade tariffs announcement.The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids.