Seaway7 completes inter-array cable installation at East Anglia Three offshore wind farm
Seaway7 has completed the final inter-array cable lay at the 1.4 GW East Anglia Three offshore wind farm in the UK. Seaway7’s teams installed 95…
Baltic Dry Index Breaks 3-Day Decline
The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, halted its three-day losing streak on Wednesday, rising about 1.9% to 2,652 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, surged roughly 5% to a two-week high of 3,886 points, reversing three consecutive …
BofA tracks shipping data showing Red Sea transit recovery
Bank of America released its latest shipping and supply chain data tracking report, showing container shipping through the Red Sea has recovered to 65% of normal levels in the past two weeks. The recovery marks an increase from 50% in September as container liners continue returning to the Red Sea route. Additional service returns are …
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Water levels on Rhine rise, but relief forecast to be short-lived
Water levels on the Rhine, a critical European inland waterway for freight, rose above 50 centimeters Oct. 26 and are forecast to hover around 70 cm in the next few days, but the rebound in flows is expected to provide only short-term relief to fuel supply chains across the region, according to market participants. Water …
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Bahri: Nine-Months 2026 Results With Net Profit Of SAR 9.98 Billion
The National Shipping Company of Saudi Arabia (Bahri), the Kingdom’s leading shipping and logistics company, announced its financial results for the third quarter and first nine months of 2026, reporting net profit of SAR 5.09 billion for Q3 2026, up 891% year-on-year, while net profit for the first nine months reached SAR 9.98 billion, an …
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Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2026 and An Increase to its Quarterly Dividend
Scorpio Tankers Inc. reported its results for the three and nine months ended September 30, 2026. The Company also announced that its board of directors (the “Board of Directors”) has declared a quarterly cash dividend on its common shares of $0.75 per share. Results for the three months ended September 30, 2026 and 2025 For …
‘Industry’s first’ energy construction vessel launches one year after construction start
VARD has launched the energy construction vessel (ECV) it is building for Norway’s Wind Energy Construction, a company partly owned by the…
QatarEnergy locks in more US LNG through 20-year deal with Woodside
Woodside has struck a two-decade-long supply agreement with QatarEnergy for LNG from its project in Louisiana, United States (U.S.).
CETO wave energy unit to hit the water in November
Carnegie Clean Energy has completed the fabrication of the buoyant actuator, the prime mover of the CETO wave energy system, and is now preparing…
North Sea gas discovery twice as big after appraisal success with tie-back on the table
Appraisal activities have doubled a North Sea gas discovery’s estimate, with a potential tie-back to existing infrastructure being contemplated.