Danaos expands footprint in LNG with Glenfarne Alaska project

OEUK Warns of Major Job Losses Without Urgent Windfall Tax Reform

Thousands of U.K. jobs and billions in future tax revenue are at risk unless the government reforms the Energy Profits Levy (EPL), industry group Offshore Energies UK (OEUK) said ahead of the

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US Navy Cancels Four Constellation Frigates, Keeps First Two Under New Deal

Fincantieri and the U.S. Navy have reached an agreement to redefine the future of the Constellation-class frigate program, ensuring work continues on the first two ships while cancelling four later units as

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EU Soft Wheat Exports for 2025/26 Down 5%

European Union soft wheat exports so far in 2025/26 are down 5% from the same week last year, though this season's volume lacked two days of figures for the latest week, the

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Oil Prices Fall as Ukraine Signals Support for Peace Deal

Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia's war against it could be yielding fruit.An end to the war

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OrbitMI Launches Vessel Reporting Analysis to Strengthen Data Quality, Help Shipowners Meet Industry Standards

OrbitMI, a leading provider of maritime SaaS software, announced the launch of its Vessel Reporting Analysis, a structured assessment designed to help shipowners and operators understand how closely their vessel reports align

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Performance Shipping Reports Strong Fleet Utilization, Fleet Expansion

Performance Shipping reported its third-quarter financial results for 2025, highlighting solid fleet performance amidst softer market conditions.For the three months ending September 30, 2025, the company posted net income of $3.9 million,

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Østensjø Rederi Orders its Most Powerful Offshore Tugboat

GONDAN signed a contract with Norwegian shipowner Østensjø Rederi to build a state-of-the-art offshore tugboat, which will be the most powerful in its tugboat fleet. Delivery of the vessel, whose operation will be

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Coal Shipments Plummet to 23 Year Low

“We estimate that coal shipments to advanced economies will fall 2% y/y in 2025, reaching a 23-year low. This will be the third consecutive annual drop although the pace of decline has

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MacGregor to Equip Atlantic Navigation’s CSV with AHC Crane

MacGregor has secured a contract to deliver a newly developed high-performance lightweight 165-tonne active heave compensated (AHC) crane to Hong Hua Yard in China for the vessel owner Atlantic Navigation.Equipment delivery is