Sumitomo Corporation to acquire stake in Norwegian CSOV operator
Norway’s Integrated Wind Solutions and Japanese integrated trading company Sumitomo Corporation have entered into a strategic partnership agreement through IWS’…
AD Ports Group to identify maritime development opportunities in Madagascar
UAE port operator the AD Ports Group and the Economic Development Board of Madagascar have entered into a memorandum of…
Houthi missiles damage bulker in latest attack on Red Sea shipping
US Central Command (CENTCOM) and UK Maritime Trade Operations (UKMTO) have both reported an incident wherein a commercial vessel suffered…
Woodside awarded US$1 billion loan for Scarborough energy project
Woodside Energy has entered into a US$1 billion loan agreement with the Japan Bank for International Cooperation (JBIC) to fund…
GEAR | Seawork to launch initiative focusing on innovative marine industry projects
Seawork will launch a new initiative to promote innovations that will benefit the broader commercial marine industry. Under the Future…
OPINION | Hanwha Ocean buying Austal would probably suit the United States
It looks like the United States has changed Australia’s mind. In April, the Australians doubted private shipbuilder Austal could be…
VESSEL REVIEW | Djildjit Kaartadjiny – Compact, long-endurance boat for marine research in Western Australia’s waters
The Western Australia Department of Primary Industries and Regional Development (DPIRD) recently took delivery of a new vessel to be…
Iron ore falls to two-week low after China reiterates steel output control
Iron ore futures slipped to a two-week low on Thursday, undermined by fears of falling demand in top consumer China…
Baltic index hits one-week high on strong capesize rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, inched upwards on Wednesday,…
Panama Canal eases draught restrictions early as water levels rise
Transits to rise to 32 per day as impacts of El Nino weather system fades