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Euronav Continues Expansion Despite Shareholders’ Deadlock, Orders New VLCC

Logistics, News /

Days after resolving a deadlock conflict between its two significant shareholders, global tanker giant Euronav embarks on a mission to uphold its long-standing business routine, reassuring the market with its consistent focus on long-term objectives. Today, the company announced a move indicating its steadfast shift toward expansion, taking up the construction clause for an additional […]

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Unleashing Europe’s Green Hydrogen Future: The Trafigura Move

Energy, News /

Trafigura Group’s Strategy for Europe: Taking Over H2 Energy Renowned commodities titan, Trafigura Group, has recently executed the strategic purchase of H2 Energy Europe. Their decisive action signals the intent to escalate green hydrogen operations throughout key points on the European map. Among the marked locations, a port in Denmark prominently figures, poised to become

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Unleashing Japan’s Maritime Potential: A Vision for 2023 

News, Technology /

Japanese firms have set their sights on unveiling an advanced programmer by the end of 2023. The proposed training center is an initiative from MOL DP, ardent about creating opportunities not only for its seafarers but also for interested applicants globally.  Bridging the Gap in Nautical Training  In Japan, training opportunities for Dynamic Positioning (DP)

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Emergence of a New Ship-to-Ship Oil Transfer Zone

Economy, News /

A new focal point is surfacing for Russian oil’s ship-to-ship (STS) transfers. The ratio of rendezvous in this area throughout 2022 was barely one per month. However, according to data obtained from Windward, there has been a drastic escalation of 400% in the current year.  Deception through Navigation System Manipulation Simultaneously, Windward’s tracking systems picked

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The UK’s Controversial Bid to Lodge Asylum Seekers Afloat

News, Policy /

Reviving the Barge Housing Scheme Amid Legal Scrutiny  The UK held steadfast on Tuesday in its decision to relocate asylum seekers to a barge located off its southern shoreline, despite naysayers arguing in court about the legality of such accommodation. The barge, named the Bibby Stockholm, became a political hotspot for the Conservative government’s immigration

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The Raging Drought’s Impact on Amazon’s Shipping Lanes and Crop Exports

Logistics, News /

Unprecedented Drought Impairs Amazon Shipping Strident drought is beleaguering the major waterways within the Amazon rainforest, sparking a blend of challenges for the region’s shipping traffic and hiking the cost for northern shipping routes dramatically. This stress on logistics predictably spells trouble for the export of corn in the immediate future, particularly for the region

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Harnessing Renewables: Spring Marine’s Grand Solution to Slashing Emissions

Energy, News /

Leading the Drive Towards Clean Maritime Operations Leading Greek shipping conglomerate, Spring Marine, has embarked on a path-breaking move to cut down on fuel consumption and lessen emissions across its entire fleet. Such a landmark step was made possible through a partnership with Sulnox, a market leader in the formulation and production of oil additive

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Revamping Excellence: Argeo’s Vessel Upgrade To Propel Subsea Operations Into The Future

News, Technology /

Breathing New Life into Argeo Searcher Recognized offshore service firm listed in Oslo, Argeo made headlines this Friday by announcing its plans to revamp its subsea vessel, the Argeo Searcher. The move is aimed at bolstering services in sectors including marine minerals and seabed exploration, coupled with oil and gas subsea operations. The improvement project

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A Leaky Predicament: Suspected Breach Forces Baltic Subsea Gas Pipeline Shutdown

News, Policy /

Defining the Dilemma The tranquil pre-dawn hours of Sunday were disrupted when Elering, the Estonian gas grid operator, announced an unexpected involuntary shutdown of a subsea gas pipeline beneath the Baltic Sea. The sudden decision arrived on the heels of distressing signs hinting towards a possible leak. Jointly overseen by Elering and its Finnish equivalent,

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Deciphering China’s Future Oil Appetite: An Essential Gauge for Global Tanker Trades

Economy, News /

The Chinese Thirst for Crude Oil China’s oil consumption in the upcoming year, pivotal to the prosperity of global tanker trades, is subjected to intense debate. The People’s Republic, unquestionably the world’s leading crude oil importer, has witnessed a steady revival in its oil demand throughout 2023 post-COVID. According to forecasts from the International Energy

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