Mermaid Maritime has published its financial results for the second quarter of 2026.PerformanceTotal revenue for Q2 2026 was US$61.8 million, representing a year-on-year decrease of US$50.6 million from US$112.4 million in Q2 2025 and a quarter-to-quarter decline of US$20.3 million…
President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between US ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic…
BP has agreed to sell a 20 per cent stake in the Venezuelan portion of the cross-border Cocuina-Manakin natural gas field to Trinidad and Tobago's state-owned National Gas Company (NGC), two sources with knowledge of the matter said on Monday.Trinidad…
Leaking crude oil from a tanker grounded off a nature reserve in Oman has created a slick covering almost 400 square kilometres, the country's government said on Monday.The Caroline Bezengi is loaded with close to one million barrels of Russian…
US autonomous vessel developer Saronic has established an operations site at the Port of Gulfport in Mississippi to conduct on-water testing and commissioning of its medium unmanned surface vessels (MUSV).The more than 30,000-square-foot facility includes port access, offices and warehouse…
China-based Yangzijiang Shipbuilding reported a 28.4 per cent increase in net profit to CNY5.4 billion ($0.80 billion) for the six months ended June 30, 2026. Revenue rose 36.2 per cent year-on-year to CNY17.5 billion, supported by the progressive recognition of…
