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Liberia, the Republic of the Marshall Islands, and the Republic of Panama Continue to Move Forward with the International Flag-State Association

The International Flag-State Association (IFA), an association of the world’s three largest registries, Liberia, the Republic of the Marshall Islands, and the Republic of Panama, has been meeting since 2021. IFA is the first alliance of its kind and was designed to allow its members to have a platform to more formally engage with respect …

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Global trade shifts gears

The global trading system is poised for a significant slowdown, with UNCTAD projecting global economic growth to ease to 2.6% through 2026, a deceleration from the pace set earlier this year. While international trade is set to reach a record-breaking $35 trillion in 2025 – growth of 7% year-on-year and largely driven by a strong …

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US senator presses tanker giants over cartel-linked fuel smuggling at sea

U.S. Senator Ron Wyden has contacted seven maritime shipping companies as part of an inquiry into cartel-linked fuel smuggling between the United States and Mexico, asking the firms to explain their vetting procedures for ensuring their tankers aren’t used to transport illicit hydrocarbons, according to copies of the letters seen by Reuters. The letters from …

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Clean tech producers call on EU to boost support for green shipping fuels in Europe

According to the recently published Sustainable Transport Investment Plan (STIP), decarbonising the shipping industry is estimated to require between €35 and €47 billion in annual investments by 2035. While the majority will come from the private sector, public funding is essential to de-risk first-of-a-kind projects and steer the market toward fuels that align with Europe’s …

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Oil & gas operator keeping Saipem’s 2012-built rig busy into 2028

Italy’s engineering, drilling, and construction services giant Saipem has landed a third contract extension for its 13-year-old semi-submersible drilling rig with Aker BP, a Norwegian oil and gas player, for operations off the coast of Norway. The post Oil & gas operator keeping Saipem’s 2012-built rig busy into 2028 appeared first on Offshore Energy.

Damen starts construction of new multi-purpose vessel for Herman Senior

Damen Shipyards Group, a Dutch shipbuilding giant, has held a keel-laying ceremony for Herman Senior’s new multi-purpose vessel (MPV) at the Albwardy Damen shipyard in Sharjah, United Arab Emirates (UAE). The post Damen starts construction of new multi-purpose vessel for Herman Senior appeared first on Offshore Energy.

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