VLCC freight rates surged over $100,000pd, following the rise in OPEC+ output and a sharp rebound in tanker demand, which drove second-hand values to a new peak in October. This uptick is likely to continue in 4Q25 amid tight tonnage supply and the onset of seasonal winter demand. The vessel supply is so acute that …
A surge in shipping rates drives the second-hand prices of crude tankers Read More »
Ahead of the COP30 climate change negotiations, which open next week in Belém, Brazil, nearly 100 members of the global scientific community, including representatives from the Union of Concerned Scientists, have signed on to a letter calling on global leaders to limit a dangerous expansion of biofuels. The letter comes as Brazil seeks high-level support …
Scientists call on global leaders to limit crop biofuels ahead of COP30 Read More »
The maritime industry is experiencing a phase of rapid technological development. The shift from paper charts to continuous digital connectivity is resulting in a myriad of operational changes. With it, comes growing environmental concerns and ever-stricter safety standards. Yet, accidents still happen and people get hurt. This article examines the data and considers issues spanning …
Modernising maritime safety in a tide of technology Read More »
Orden PJC/1201/2025, de 27 de octubre, por la que se establecen las bases reguladoras de las ayudas a pescadores enrolados en buques pesqueros españoles afectados por la paralización temporal de la actividad pesquera en el periodo de programación 2021-2027 del Fondo Europeo Marítimo, de Pesca y Acuicultura. Disposición 21866 del BOE núm. 261 de 2025 …
El Clúster da función loxística de Galicia da un paso más en su fortalecimiento asociativo con la incorporación de Servicio Móvil, empresa gallega especializada en logística sanitaria y en gestión integral de información La entrada de Servicio Móvil al Clúster refuerza la capacidad técnica y el conocimiento sectorial disponible para los asociados. La colaboración busca …
The European Commission has adopted the Sustainable Transport Investment Plan (STIP) which sets out a common approach to boost investments in renewable and low-carbon fuels focusing on waterborne and aviation transport. The post EU moves to scale up production of sustainable maritime fuels as global race heats up appeared first on Offshore Energy.
Chinese state-owned maritime transport giant COSCO Shipping has tapped compatriot vessel construction player Dalian […] The post COSCO Shipping commissions DSIC for six LNG/methanol-ready tankers appeared first on Offshore Energy.
Norwegian energy data and intelligence company TGS and U.S.-headquartered energy giant Chevron have signed a […] The post TGS and Chevron ink long-term deal for deepwater seismic services appeared first on Offshore Energy.
Norwegian oil and gas operator DNO has signed a deal with compatriot Aker BP to swap multiple assets on the Norwegian Continental Shelf (NCS). The post DNO swaps non-core assets with Aker BP for bigger slice of Norwegian field nearing startup appeared first on Offshore Energy.
In a bid to strengthen its position in the Baltic Sea, Swedish ferry company Stena Line has acquired Wasaline. The post Stena Line takes over world’s northernmost shipping company appeared first on Offshore Energy.
