Seattle-based maritime data analytics company ioCurrents has signed a strategic agreement with engine supplier Bergen Engine, expanding the reach of its MarineInsight data analytics platform.The partnership will enable Bergen Engines to offer…
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ABL Expands Its FPSO Expertise with Latest Acquisition
ABL Group has entered into an agreement to acquire Brazil-based naval architecture and engineering consultancy Proper Marine, increasing its expertise in floating production storage and offloading (FPSO) sector.Proper Marine will be merged with…
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HII Intends to Acquire SC-based Metal Fabricator
HII announced today that it has entered into a definitive agreement to acquire substantially all of the assets of W International SC, LLC and Vivid Empire SC, LLC (collectively “W International”), a South Carolina-based complex metal fabricator…
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AKOFS Offshore Secures $300M for Well Intervention Vessel’s Work with Equinor
Equinor has exercised a three-year option for AKOFS Offshore’s well intervention vessel AKOFS Seafarer.The option period is estimated to start in late fourth quarter of 2025, after the vessel has completed its customary Special Periodic Survey…
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Nordic Shipping Roadmap Urges Govs to Close Fuel Transition Cost Gaps
The Nordic Roadmap project has unveiled the Fuel Transition Roadmap for Nordic Shipping, a comprehensive document outlining a decarbonization strategy for the region, which urges the Nordic ministers to close the cost gap associated with the…
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ONE Acquires Terminal in Southeast Asia
Japanese shipping company Ocean Network Express (ONE) has completed the acquisition of a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia.NPCT1 is an important terminal serving mature gateway markets in Southeast Asia.
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INSIGHTS: Sweden’s Alternative Fuel Development Faces Wider Market Hurdles
Despite becoming a major developer of alternative fuels for the maritime sector, Sweden is facing limited access to the wider European market. Nils Igelström, Managing Director of GAC Sweden, discusses the need for greater clarity to prevent…
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Pakistan Pushes Qatar LNG Contract with Qatar for a Year
Pakistan has deferred its liquefied natural gas (LNG) contract with Qatar for a year, Petroleum Minister Musadik Malik said, adding that the country will now get LNG cargoes from Qatar in 2026 instead of 2025.Annual power use in Pakistan, which gets ov...
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Philippines and China Dispute Over South China Sea Incident Escalates
China and the Philippines gave conflicting versions on Wednesday of a maritime confrontation around a contested shoal in the South China Sea, the latest row in a longstanding dispute between the neighbours.Chinese coast guard vessels fired water…
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Construction Starts on Second Finnish Patrol Vessel
The Baltic Sea has become a flashpoint for a multitude of maritime security issues, a driver for the Finnish Border Guard to renew its fleet.The completion of the two new patrol vessels ordered from Meyer Turku by the Finnish Border Guard is progressin...
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