Aquadrill, formerly known as Seadrill Partners, has entered into a memorandum of agreement with Brazil’s PetroRio to sell the semi-submersible drilling unit Capricorn for $40 million. As detailed by Aquadrill in its statement on Tuesday, Arctic Offshore Rig acted as...

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UK-based marine energy company Sustainable Marine has harnessed the enormous tidal currents in Canada’s Bay of Fundy, delivering the first floating in-stream tidal power to Nova Scotia’s grid. According to Sustainable Marine’s CEO Jason Hayman, this marks a...

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In Q1 2022, TORM achieved TCE rates of USD/day 16,743 (2021, same period: USD/day 13,493) and an EBITDA of USD 60.4m (2021, same period: USD 18.9m). The profit before tax amounted to USD 10.7m (2021, same period a loss of USD 21.1m), and profit per share (EPS) was USD...

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The world’s first autonomous commercial ship voyage in congested waters, powered by Orca AI, in partnership with the Designing the Future of Full Autonomous Ships (DFFAS) and The Nippon Foundation, has been successfully completed after 40 hours of navigation, with...

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MAN Energy Solutions has signed a cooperation agreement with STX Heavy Industries Co., Ltd., to deliver its three EEXI (Energy Efficiency eXisting ship Index) solutions to MAN B&W-branded low-speed engines manufactured by STX HI. The goal behind the agreement is...

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