Local news today
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Decarbonization
Nuclear Energy Poised to Transform Maritime Sector
At the Core Power Argo Conference in Athens, Greece, ABS Chairman and CEO Christopher J. Wiernicki emphasized the growing viability…
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Shipbuilding
Headline History: Former prime minister looked forward to Nanaimo’s cruise ship terminal
In the wake of the 2008 global financial crisis, Canada sought to revitalize its economy through strategic infrastructure investments. One…
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Bulk Carrier
Shipping Industry Faces Urgent Energy Transition
As climate change intensifies, vessel owners and operators are confronted with critical decisions in a complex maritime landscape. Shipping, responsible…
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Shipbuilding
Samsung Heavy completes transpacific trial of AI-powered navigation system
Samsung Heavy Industries has marked a significant milestone in maritime technology by successfully completing a transpacific voyage using its proprietary…
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Shipbuilding
Bahri Chemicals inks first COA with Luberef to boost Saudi base oil exports
In a significant move to enhance domestic supply chains, Bahri Chemicals has entered into its inaugural contract of affreightment (COA)…
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Shipbuilding
Noble drillship secures Ghana contract
Offshore drilling leader Noble Corporation has announced a significant contract win with Amni International Petroleum Development Company for its drillship,…
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Shipbuilding
SLB Secures Major Petrobras Contract for Deepwater Wells
Houston-based oilfield service leader SLB has secured a pivotal contract with Petrobras, aimed at providing services and technology for up…
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Shipbuilding
Box rates rates sink to lowest levels since Red Sea crisis
Container freight rates are experiencing a significant decline, with Drewry’s World Container Index (WCI) falling 8% this week to $1,761…
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Shipbuilding
Global Shipping Faces Fragile Growth Amid Rising Challenges
The global shipping industry is entering a precarious phase of growth, grappling with geopolitical tensions, rising compliance costs, and persistent…
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Shipbuilding
DOF Secures Major Contracts with Petrobras in Brazil
Norwegian offshore vessel operator DOF has successfully secured three substantial service contracts with Petrobras, along with several short-term vessel agreements.…
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