Cadeler has signed a $345m contract with Cosco Shipping Heavy Industries for a construction of a jack-up foundation installation vessel. The new F-class vessel can be converted from installation of large foundations to installation of wind turbine generators within a...

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Bureau Veritas (BV), a world leader in testing, inspection, and certification, recently approved the second generation of the REXH2® developed by Energy Observer Developments (EODev), a turnkey power generator for the supply of low carbon electricity on board ships....

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Strengthening port security is the focus of a five-day workshop (9-13 May) in Antananarivo, Madagascar. IMO officials are assisting the maritime administration to develop the legal framework to give full and complete effect to the IMO instruments dealing with maritime...

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CMA CGM Group is implementing the shipping industry’s first early container return incentive program focusing on the Port of Los Angeles and key Midwestern return locations in the United States. According to the company, it is the latest in a series of steps it has...

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Crude Oil Price Movements Crude oil spot prices dropped in April after three-consecutive months of rises. The OPEC Reference Basket dropped by $7.84, or 6.9%, to settle at $105.64/b. Crude futures prices declined m-o-m in April, amid elevated market volatility,...

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