Venezuela's state oil company PDVSA has canceled several authorizations it had granted U.S.-based producer Chevron to load and export Venezuelan crude in April, three sources with knowledge of the decision said on Thursday.The cancellations follow U.S.
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Subsea7 Secures Contract Extension for Seven Viking Subsea Vessel
Eidesvik Seven Chartering, a joint venture company between Subsea7 and Eidesvik Offshore, has entered into an agreement with Subsea7 to extend the contract for the subsea vessel Seven Viking.Subsea7 declared the remaining option for 2026 and…
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ClassNK Greenlights Mitsubishi’s CCS System Onboard Ships
ClassNK has issued an approval in principle (AiP) for an Onboard Carbon Capture and Storage system (OCCS) developed by Mitsubishi Shipbuilding.The certification confirms its feasibility from regulatory and safety perspectives.Interest in CO2…
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Fincantieri, Accenture Launch JV for Cruise, Defense and Ports Digitalization
Fincantieri and Accenture have signed an agreement to establish Fincantieri Ingenium, a new joint venture created to accelerate digital transformation across the cruise, defense, and port infrastructure sectors. The company will be owned 70%…
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EU Puts Countermeasures on Hold Following Trump’s Tariffs Frieze
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Commission chief Ursula von der Leyen said on…
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Trump Signs Executive Order to Revitalize US Maritime Industry
U.S. President Donald Trump has signed an executive order aimed at ‘restoring American maritime dominance’ through the revival of domestic shipbuilding industry and weakening China’s grasp on the global shipping market.The Order directs the creation of...
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Master of Grounded Passenger Vessel was Asleep at Helm
New Zealand’s Transport Accident Investigation Commission has released its report into the grounding of the passenger vessel Fiordland Navigator – attributing the accident to the fatigued master who fell asleep at the helm.The accident occurred on Janu...
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BIMCO Approves Revisions to War Risk Clauses
The Documentary Committee of BIMCO has approved revisions to its War Risk Clauses to reflect changes in the geopolitical challenges facing the shipping industry.The Documentary Committee reviewed the existing BIMCO War Risk Clauses and agreed on the up...
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“Bank Effect” Caused Tanker to Strike Pier
A tank vessel struck a pier at Joint Base Charleston’s Naval Weapons Station in South Carolina after a pilot allowed the vessel to get too close to a riverbank, the National Transportation Safety Board (NTSB) said Wednesday.The 604-foot-long…
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Spark Gas Conversion Reduces Methane Slip on LNG Carriers
Wärtsilä has introduced a new methane slip reduction solution for its Wärtsilä 50DF dual-fuel engine. The new technology, which converts Wärtsilä 50DF dual-fuel (DF) engines to spark gas operation, enables a more optimized combustion process…
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