Konecranes posts steady Q1 performance despite lower sales

EU Proposes Extending Sanctions on Russian Oil to Georgian, Indonesian Ports

The EU has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time it would target ports in third countries, a proposal document showed on

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Russian Oil Tankers List Singapore as Destination, Export Flows Shift to China

Russian oil tankers are increasingly listing Singapore as their official destination, signalling a shift in export flows from India to China and growing concerns over Western sanctions, traders said and LSEG shipping data shows.LSEG

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Bureau Veritas Grants AiP to Greenroom Robotics’ Maritime Autonomy Software

Bureau Veritas Marine & Offshore (BV) has granted an Approval in Principle (AiP) to Greenroom Robotics for its maritime autonomy software, GAMA. This is the first time a maritime autonomy software, enabling

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U.S. Military Boards Suezmax Tanker Aquila II

U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade

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Transocean to Acquire Valaris for $5.8B

Oilfield services firm Transocean RIG.Nsaid on Monday it will acquire peer Valaris VAL.N in an all-stock deal valued at $5.8 billion, expanding its exposure across deepwater, harsh-environment and shallow-water basins worldwide.Transocean shares

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CMB.TECH to Record $98M Gain from Sale of Two Oil Tankers

Belgian oil tanker group CMB.TECH has agreed to sell two very large crude carriers (VLCCs) in a transaction expected to generate a capital gain of about $98.2 million.The vessels sold are 2012-built,

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Cadeler’s Nexra Lines Up O&M Campaign in Taiwan

Nexra, Cadeler’s dedicated service concept, has signed a firm contract for the execution of an offshore wind operations and maintenance (O&M) campaign in Taiwan.The contract, with an undisclosed client, has an expected

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New PaxOcean Shipyard Opened in Singapore

PaxOcean, a part of Kuok Maritime Group (KMG), has opened a new S$200 million shipyard at 5 Jalan Samulun (5JS).The shipyard, situated in the Jurong Industrial Estate, spans 17.26 hectares and features

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Mitsui Develops Overhang Permanent Magnet Shaft Generator

Mitsui E&S and Taiyo Electric have developed an Overhang Permanent Magnet Shaft Generating System for large marine engines.Unlike Taiyo Electric’s conventional shaft generators installed on intermediate shafts, this new system is mounted