Eidesvik Offshore Reports Higher Q2 Freight Revenue, Lower Earnings
Eidesvik Offshore reported freight revenue of NOK204.5 million ($19.43 million) for the second quarter of 2026, up from NOK198.5 million in the same period last year.
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Tit-for-tat Shipping Attacks Effectively Halt Black Sea Grain Exports
Attacks on shipping have shut down more than 97 per cent of Russia and Ukraine's grain export capacity in the Azov and Black Sea basin, cutting off a major source of low-cost supplies and helping to drive up global prices.
Somali Pirates Capture Iran-linked “Shadow Fleet” Tanker
An oil tanker under US sanctions for allegedly transporting Iranian petroleum products has become the latest victim of resurgent Somali piracy when it was boarded off the coast of Yemen and diverted toward Somalia.
ExxonMobil, Partners Award $1.1B in Contracts for Mozambique LNG Project
ExxonMobil Mozambique, acting on behalf of Area 4 co-venturers ENH, CNPC, Eni, KOGAS and XRG, has awarded approximately $1.1 billion in pre-investment contracts for long-lead upstream equipment for the Rovuma LNG Phase 1 development in Cabo Delgado.The awards precede a…
Video: Irish Cargo Ship Veers Into Canal Embarkment in the Netherlands
For the second time this month, a cargo vessel navigating on the busy Ghent-Terneuzen canal veered out of the navigation channel and struck the mud embankment.
First Chinese Cargo Ship Carrying Containers Reaches Murmansk
Murmansk marked a key milestone in its efforts to develop the port into a logistics hub, taking advantage of the growth on the Northern Sea Route. The first Chinese-operated cargo ship carrying containers arrived in the port on August 19.