Kongsberg Discovery has reached agreement to acquire Naxys Technologies AS. The Bergen-based company is a world leader in technology for underwater environmental monitoring, with a specialism in recognizing the sound of oil and gas leaks. The oceans are crucial for...

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Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea was found to have serious deficiencies and will not be allowed to operate until repairs have been made. Baltic Sea nations are on high alert...

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The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline changes reshuffled trade routes. Global crude flows have been roiled for a second year by...

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“At the end of 2024, the container ship order book was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in early 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. As 4.4m TEU were contracted during 2024, the second highest ever, the order...

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Conflict is intensifying in the Korean shipbuilding industry following the government’s recent decision to maintain an expanded quota for migrant laborers at shipyards. As the government considers extending the temporary two-year policy that allows migrant laborers to...

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