Fratelli Cosulich hails ‘second-best year ever’ despite profit plunge
Drop of 42% in net profit follow two seemingly unbeatable years
Top Braemar bosses see pay drop as key remuneration vote looms
James Gundy and Tris Simmonds took home less as bonuses fell for 2023/24, annual report shows
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…
China Coast Guard Seizes Taiwanese Fishing Vessel at Sea
On Tuesday, the China Coast Guard seized a Taiwanese fishing vessel at a site off the coast of Kinmen, an…