Dubai-based GMS has won US Government approval to scrap two sanctions-hit oil tankers it acquired, months after securing agreements to recycle four sanctions-hit container ships, the ship recycler told Reuters.The use of so-called shadow fleet tankers has surged in recent…
Cadeler, which already says it has the industry’s largest fleet of jack-up offshore wind installation vessels, reported that it has placed a new construction order for two more vessels.
Romanian army divers destroyed two Gerbera-type drones drifting in the country's Black Sea exclusive economic zone near the offshore gas project Neptun Deep, Defence Minister Radu Miruta said on Tuesday.
Japanese shipping company NYK Line reported revenues of JPY727.7 billion ($4.55 billion) for the three months ended June 30, representing a 21.1 per cent increase from the same period a year earlier.
Some producers in the Middle East are likely to struggle to restore oil output to pre-conflict levels by the end of 2027, even if trade patterns return to normal by early next year, the US Energy Information Administration said on…
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…
