Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over OPEC’s plans, with prices expected...
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Monday pressured by losses across...
ABS and Hanwha Ocean agreed to explore cutting-edge technology projects together with the signing of an Offshore Technology Collaboration Agreement at Gastech 2024.
The agreement...
HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said it has secured a 674.6 billion-won (US$511.3 million) order to build...
Macquarie Asset Management has entered into an agreement to purchase 100% ownership of ZITON.
Macquarie is the world’s largest investor in infrastructure like EV charging...
Petrofac announced that it has reached in-principle agreement with certain of its key stakeholders on the framework for a comprehensive financial restructure to...
Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported...
The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...
DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...
The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...
