GTT has signed a technical assistance and license agreement with the Chinese shipyard Hengli Shipbuilding (Dalian), part of the Hengli Group, to build its membrane containment systems for various types of vessels.This agreement strengthens GTT's presen...
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Asyad Group Outlines Plans to Sell 20% of Shipping Business via IPO
Oman's state-owned logistics firm Asyad Group plans to sell shares in its shipping subsidiary through an initial public offering, it said on Wednesday, as part of the Gulf country's privatization drive.The group, owned by Oman's sovereign wealth fund…
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Oil Tanker Vessel Deliveries Plummet 74% in ’24
“In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight tonnes (DWT), joined the fleet. Compared to 2023, the capacity delivered dropped by 74%,” says Niels Rasmussen, Chief Shipping...
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USCG Adm. Lunday Orders Surge of Assets Toward Border Protection
The Coast Guard announced immediate action on executive orders issued by the White House Tuesday.“The U.S. Coast Guard is the world’s premiere maritime law enforcement agency, vital to protecting America’s maritime borders, territorial integrity and so...
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Cybersecurity Moving Up Priority Lists for Energy Firms, DNV Finds
The latest Energy Cyber Priority report from DNV Cyber has found that energy companies have started to boost investment in cybersecurity to manage the ‘greatest risk’ to the industry today as the importance of securing businesses from cyber…
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Wallenius Wilhelmsen Opens its Brunswick Terminal
Wallenius Wilhelmsen has marked the official opening of its South Atlantic hub - the Brunswick terminal, Equipment Processing Center (EPC) and Vehicle Processing Center (VPC). The grand opening marks another strategic investment for the Wallenius…
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Solstad Plans Oslo Stock Exchange Listing
Norwegian vessel owner and services provider Solstad Maritime Holding has outlined plans to apply for a listing of its shares on Euronext Oslo Børs during the second quarter of 2025.The listing is in line with the company’s previously expressed…
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NOAA Satellites Helped in Rescue of 411 People in 2024
The same NOAA satellites that followed the moon’s shadow along the path of the Total Solar Eclipse and tracked Hurricanes Helene and Milton in 2024, also helped rescue 411 people from life-threatening situations in the U.S. and its surrounding…
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Successful Onboard CCS Industry Needs Downstream Value Chain
The Maritime Technologies Forum (MTF) has released a new report offering industry guidance on the adoption of onboard carbon capture and storage (CCS) technology.It states: “A secured downstream value chain is the most important pre-requisite for onboa...
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Sanmar Starts 2025 with Order from Ultratug Mexico
Sanmar has signed its first contract of 2025, an order for one of its Boğaçay Series tugboats to Ultratug Mexico, which operates at Lazaro Cardenas Port on Mexico’s Pacific coast.Ultratug, headquartered in Santiago, Chile, is one of the leading operato...
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