Maersk updates emergency contingency surcharge for shipments to Middle East

India Buys First Iraian LPG Since US Removes Sanctions

India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on Tehran's oil and refined fuels, LSG trade flows and three industry sources

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Compact Plant Cultivation Rack Installed on Coal Carrier

NYK has installed a compact plant cultivation rack aboard the coal carrier Pirika Moshiri Maru, which is operated for Hokkaido Electric Power Co., Inc.The system, called the “PUTRACK” and developed by Plants

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Baker Hughes to Supply Tech for Offshore LNG Project in Texas

Baker Hughes has secured a contract to supply gas compression and power generation technology for ST LNG’s proposed 8.4 million tonnes per annum liquefied natural gas export terminal offshore Matagorda in Texas.Under

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Fincantieri Profit Surge Underpins Outlook, Strategy Shift

Italian shipbuilder Fincantieri reported a more than fourfold jump in its annual profit to 117 million euros ($136 million) on Wednesday, boosted by the underwater business line that saw 88% revenue growth.Shares

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Thai Tanker Transits Hormuz after Iran Talks

A Thai oil tanker has safely passed through the Strait of Hormuz following diplomatic coordination between Thailand and Iran, and was not required to pay to escape the blockade, a Thai official

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CK Hutchison Says Panama Arbitration Claim Now Tops $2 Billion

A unit of Hong Kong conglomerate CK Hutchison said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2

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IMCA Welcomes DEME Offshore Energy MD as New President

The International Marine Contractors Association (IMCA) has welcomed DEME Offshore Energy Managing Director Hugo Bouvy as its new President.He succeeded Saipem’s Luca Gentili at the end of his two-year term at a

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Ports of Indiana Handles First Aluminum Shipment

Ports of Indiana has opened a new federally approved bonded storage facility at its Mount Vernon port, marking a major expansion of capabilities and enabling the port to handle its first barge

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Christian Ortego, Christie Miller Named as Vice Presidents at HII’s Newport News Shipbuilding

HII announced the selection of two vice presidents at its Newport News Shipbuilding (NNS) division. Christie Miller has been promoted to the role of vice president of communications and Christian Ortego will