ABS and the Korea Research Institute of Ships and Ocean Engineering (KRISO) are working together to advance commercial small modular reactor (SMR)-powered ships and floating SMR power generation platforms, according to ABS’s release. ABS will provide an analysis...

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Turkey will send an exploration vessel off the coast of Somalia later this year to search for oil and gas as part of a hydrocarbon cooperation deal between two countries, Turkish energy ministry said on Thursday. “We will send our Oruc Reis vessel at the end of...

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The Global Centre for Maritime Decarbonisation (GCMD) has successfully completed its final supply chain trial for biofuel blended with Very Low Sulphur Fuel Oil (VLSFO). This marks the end of a series of trials initiated in July 2022 as part of a larger pilot to...

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The Egyptian Suez Canal’s annual revenue dropped by about 23.4 percent in the fiscal year 2023/2024 due to the Red Sea crisis, Mr. Osama Rabie, chairman of the Suez Canal Authority (SCA), said in a statement on July 18. “Revenues fell to US$7.2 billion (S$9.6 billion)...

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According to the Ports of Indiana’s release, representatives from the Ports of Indiana and Port of Antwerp-Bruges met in Antwerp to sign a Memorandum of Understanding (MOU) to advance key economic and environmental port initiatives. The agreement formalizes a...

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Four regional ports that are part of the HRADF portfolio secured 10-million-euro funds from the European Commission’s Connecting Europe Facility (CEF) program for the development of cold ironing infrastructure and the preparation of related studies, according to...

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