Vitol shells out $47m to take over Oslo-listed technology operation
Denmark’s WPU is ready to roll out its equipment worldwide
Utkilen converts chemical tanker to run on LNG
Norwegian owner also carrying out efficiency retrofits on another vessel
"Refining Loophole" Let Billions Worth of Russian Fuel Into EU in 2024
Russian oil is banned from the European Union because of the ongoing invasion of Ukraine, but European traders have continued…
China Merchants lines up $100m long-term lease deal for two bulk carrier newbuildings
The duo will be delivered in 2026, and will start their five-year leases then
Star Bulk rejigs dividend policy and beefs up share buyback plan
Changes are making the company ‘more flexible’ amid low share prices, CEO Petros Pappas says
German Navy Tests Out Sub-Tracking Drone Submersible in the Baltic Sea
Germany is testing out a unique unmanned drone sub designed for antisubmarine warfare, one of the first platforms of its…
South Korean Shipbuilding Slips to Smallest Market Share in Nearly a Decade
South Korea is sounding the alarm after new data shows the shipbuilding industry falling to its lowest market share since…
Wärtsilä to Divest its Automation, Navigation and Control System Business
Technology group Wärtsilä has agreed to divest its Automation, Navigation and Control System (ANCS) business to the Swedish investment company…