Brazil's Federal Audit Court (TCU) on Monday voted six to three to recommend that operators of existing container terminals at the Santos port be barred from participating in the first phase of bidding for a planned mega terminal, citing concerns over market concentration.The decision deals a blow to companies such as Danish shipping group Maersk
Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.Shares of Chevron were up 3.6% in premarket trading, with Hess gaining nearly 7.4%. Exxon shares were up 0.3%.CNBC first reported the arbitration outcome.
Japan is likely to sweeten terms for developers to build a massive offshore wind farm sector, industry insiders say, as it looks to put its energy ambitions back on track against a worldwide slump of projects hit by soaring costs and delays.The government aims to have 45 gigawatts of offshore wind capacity by 2040
CALL FOR STUDENT RESEARCH POSTERS!The 16th Annual Maritime Risk Symposium invites undergraduate and graduate students from colleges and universities worldwide to participate in the 2026 Maritime Risk Symposium Student Research Poster Contest. The poster competition, sponsored by the CCICADA Center based at Rutgers University
Canadian EV shipbuilder Voltari Marine Electric Inc. is expanding its North American manufacturing footprint with the establishment of a new U.S. facility in Bay County, Florida. As part of a strategic growth initiative formerly known as “Project Kilowatt,” Voltari will acquire and transform the Queen Craft Shipyard, operating since 1974, to support increased production capacity for U.S.
Poland allocated 3.4 gigawatts (GW) of capacity in its first competitive offshore wind auction, the country's energy regulator URE said on Thursday, a boost for the renewable energy sector after setbacks in neighbouring markets.The auction was seen as a test of investor confidence in offshore wind, coming after U.S. President Donald Trump's opposition to renewables effectively froze the U.S.
KNUD E. HANSEN, a naval architecture and marine engineering consultancy, has announced a milestone in its ongoing collaboration with Ferry Holdings Limited. Following the successful signing of the shipbuilding contract with Guangzhou Shipyard International (GSI), two new RoPAX vessels will be built.
CALL FOR STUDENT RESEARCH POSTERS!The 16th Annual Maritime Risk Symposium invites undergraduate and graduate students from colleges and universities worldwide to participate in the 2026 Maritime Risk Symposium Student Research Poster Contest. The poster competition, sponsored by the CCICADA Center based at Rutgers University
On November 3, the Dutch national awards for maritime innovations were presented. The winners were honored for their innovative contributions to the sector.Out of 15 nominees, a professional jury selected five winners over the past few weeks, who received their awards in front of hundreds of people, including political and media representatives.
Türkiye’s Sanmar Shipyards has delivered Denmark’s first fully electric tug to long-standing client Svitzer, which has been named SVITZER INGRID by Her Majesty Queen Mary at a ceremony in Copenhagen.The tug is based on the ElectRA 2500SX design from Canadian naval architects Robert Allan, developed exclusively for Sanmar.Measuring 25.4 meters in length with a 12.86-meter beam and 5.
Denmark’s, and Svitzer’s, first electric tugboat was named by Her Majesty Queen Mary at a ceremony in Copenhagen.The new tugboat will carry the name Svitzer Ingrid, as announced by Her Majesty during the naming ceremony, which was attended by more than 100 executives from the Danish maritime industry.
Maritime Tactical Systems, Inc. (MARTAC), a leader in unmanned surface vehicle (USV) technology, has announced its selection as one of ten winners of the U.S. Joint Staff J7 Warfighting Lab Incentive Fund (WLIF) for Fiscal Year 2026. Out of more than 150 submissions, MARTAC was chosen for its forward-thinking capabilities and significant contributions to future warfighting concepts.