Top Braemar bosses see pay drop as shareholders mount bigger rebellion against executive reward policy
James Gundy and Tris Simmonds took home less as bonuses fell for 2023/2024, annual report shows
‘Beginning of an upcycle’: DOF signs $1.1bn deal for Maersk Supply after nine months of talks
Combined company will sell vessels opportunistically
Atlantic Shores is the Next U.S. Offshore Wind Project to Get Approval
The U.S. Department of the Interior announced that it has approved New Jersey’s Atlantic Shores South, making it the latest…
DOF Buys Maersk Supply Service for $1.1B and Maersk Spins-Off Wind Business
Norway’s DOF Group will pay approximately $1.1 billion to acquire Maersk Supply Service further consolidating the offshore service sector focusing…
FMC Lists HMM as a State-Controlled Shipping Line
South Korean national-champion container line HMM has been added to the U.S. Federal Maritime Commission’s list of “controlled carriers,” which…
Japanese Project Reaches Milestone in Design of Hydrogen-Fueled Tanker
A design project launched in Japan in 2023 reports it has reached a milestone in the development of a hydrogen-fueled…
Dredge Linked to WWII Wreck Desecration Has Been Arrested Again
The Chinese grab dredge that allegedly desecrated the wrecks of two famous WWII warships off Malaysia has run into trouble…
Charleston Takes Steps to Clear Backlog by Pausing Construction
After reports of persistent backlogs and congestion at the Port of Charleston, port officials highlight they are taking steps to…
Nigeria Seizes Massive Cache of Weapons Smuggled in Container from Turkey
Customs officials in Nigeria seized a large cache of sophisticated illicit weapons hidden in a shipping container that originated from…
Study: Blue Hydrogen’s Emissions Could be Doubled By Upstream Gas Leaks
A new study from climate consultancy Carbon Tracker suggests that the CO2 emissions from natural gas-based “blue” hydrogen could be…