South Korea’s Hanwha Group has secured approval to lift its stake in Austal to 19.9%, becoming the Australian defence shipbuilder’s largest shareholder in a move expected to reshape naval-industry ...

US forces seized the VLCC Skipper off Venezuela as the battle between Washington and Caracas intensified with the Trump administration suggesting other vessels could be hijacked, too. China’s ...

Klaveness Combination Carriers has secured a new long-term contract of affreightment with Brazil’s Alunorte, extending the Norwegian owner’s presence in the alumina supply chain. The 32-month deal, ...

One of Russia’s two biggest oil producers Lukoil has stopped production on a platform on the Vladimir Filanovsky field after a strike by four Ukrainian aerial drones. According to media reports ...

Norway’s Mintra has strengthened its position in maritime e-learning with the acquisition of Greek digital training specialist SQLearn, marking another step in its push to support the sector’s ongoing ...

Viridien, formerly CGG, has announced a new multi-client seismic reimaging program over Angola’s highly prospective offshore block 22 to support the country’s upcoming licensing round. The 4,300 sq km ...

Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world’s largest insurance broker, ...

Egyptian offshore vessel player Maridive and Oil Services has clinched a long-term deal in Qatar, securing a 15-year contract to provide maintenance and production support services from the first ...

Australian OSV operator and services provider Bhagwan Marine has been awarded a five-year vessel contract with Jadestone Energy, valued at around A$15m ($10m) per year. The deal will see the ...

US forces have seized a tanker widely believed to be the VLCC Skipper, after satellite evidence showed the 310,000 dwt vessel covertly loaded 1.1m barrels of sanctioned Venezuelan Merey crude at the ...

Global trade is on track to hit an unprecedented $35trn this year, with East Asia, Africa and South-South corridors driving the gains even as geopolitical fragmentation reshapes supply chains, ...

Mitsui O.S.K. Lines (MOL), Sinopec, and Marubeni have signed a memorandum of understanding (MOU) for the establishment of a long-term supply system for marine biodiesel fuel. This memorandum aims to ...