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Fri, Mar

Jan De Nul Selects Ulstein Design for New Trenching Vessel

Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the company’s offshore fleet.The vessel, scheduled for
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'Quality' Coal Rallies as LNG Spikes

The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in
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ABB inks Deal for Orange Marine Cable Repair Newbuilds

ABB has won a contract to deliver a fully integrated electrical power, propulsion and automation system for two hybrid-electric cable repair vessels being built for French shipowner Orange Marine at Colombo Dockyard
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Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Strait
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Trump Weighs Easing Russia Sanctions

U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at curbing spiking global oil prices amid the
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CBP Officers Seize 214 Pounds of Cocaine in Puerto Rico

U.S. Customs and Border Protection officers seized approximately 214 pounds (97 kilograms) of cocaine concealed from under a vessel arriving on Feb. 26. The estimated value of the seized cocaine is $1.7
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