Fitch Ratings has maintained its deteriorating outlook for the global shipping sector, reflecting geopolitical and policy risks, according to an Outlook report released today. The sector will also be affected by the lower GDP growth we expect across most major economies in 2026 compared to 2025, with downside risk from any correction in financial markets. …
Fitch Ratings: Global Shipping Outlook Is Deteriorating in 2026 Read More »
ABS Chairman and Chief Executive Christopher J. Wiernicki was named International Personality of the Year at the Lloyds List Greek Shipping Awards, the second time he has received the honor. The accolade followed ABS being named Number One Classification Society by Gross Tonnage in the annual Lloyds List ranking of the Top 10 Class Organizations. …
Lloyd’s Register (LR) and Latsco have successfully completed a proof-of-concept for a new standard in digital class assurance with data-driven surveys. This collaboration aims to demonstrate how verified operational vessel data can fully meet class survey requirements, without compromising safety, integrity, or technical rigour. The proof-of-concept was conducted on the vessel HELLAS MARGARITA during an …
LR and Latsco chart a new digital course for ship classification Read More »
The number of laden LNG tanker transits through the Panama Canal in November fell from October, as Europe was attracting most of the cargoes due to closed arbitrage opportunities to Asia, data from S&P Global Energy CERA and S&P Global Commodities at Sea(opens in a new tab) showed Dec. 8. Three laden LNG carriers transited …
Panama Canal LNG transits dip in November as Europe lures US cargoes Read More »
The European Investment Bank (EIB) has approved a €300 million financing package for Prysmian […] The post Prysmian’s R&D activities get €300 million EIB boost appeared first on Offshore Energy.
French energy giant TotalEnergies has shaken hands with Portuguese oil and gas company Galp on a deal that will enable it to enter the PEL 83 license, encompassing an oil discovery off the coast of Namibia, by taking over the operator baton. Galp is getting a minor stake in the French player’s giant black gold discovery as …
TotalEnergies augments its oil portfolio offshore Namibia through deal with Galp Read More »
A consortium of six companies has launched a project aimed at addressing the competitiveness […] The post €30 million EU project launches to push UK wave energy appeared first on Offshore Energy.
While construction activities for its terminal electrification project are underway in Azerbaijan, the UK-headquartered energy giant BP has drilled and put into production mode three remaining wells in its seven-well drilling campaign off the coast of Trinidad and Tobago. The post BP fires up more gas wells off Trinidad as terminal electrification works continue …
Taiwan-based Dong Fang Offshore (DFO) has signed a shipbuilding contract with Norwegian shipyard Westcon […] The post Dong Fang Offshore orders cable laying vessel to meet needs in Taiwan appeared first on Offshore Energy.
La República de Seychelles ha reforzado su gobernanza en materia de Protección marítima mediante un taller de apoyo al establecimiento de un Registro Nacional de Riesgos para la Protección Marítima (NMSRR). Celebrado en Victoria (17-20 de noviembre), el taller reunió a 25 funcionarios de Seychelles para este ejercicio esencial. Los NMSRR ayudan a las administraciones …
