Egypt successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen’s Houthi militants began attacking vessels in the Red Sea.The Suez Canal Authority said in a…
Suez Canal Expands as Revenues Plunge $7B Read More »
Finnish authorities are moving an impounded tanker closer to port after boarding the vessel carrying Russian oil earlier this week on suspicion it had damaged an undersea power line and four telecoms cables.Baltic Sea nations have been on high alert af…
Vessel Targeted for Subsea Cable Damage Moved Closer to Finnish Port Read More »
Recently, MarineNews sat down with Will Watson, Caterpillar Marine’s Product Manager, to discuss its rapidly emerging methanol engine development. Caterpillar Marine has already taken a considerable step forward in sustainability by planning to offer a…
With CAT’s Methanol Engines, Sustainable Shipping is Possible Read More »
Eni has kicked off production from the second stage of its oil and gas development off the coast of Côte d’Ivoire, which is said to be the largest discovery in this country and the first net-zero upstream project, in terms of Scope 1 and 2 emissions, o…
Africa’s ‘first net zero emission upstream project’ starts its next oil & gas chapter Read More »
The global ship recycling market remained subdued as the year ends, mirroring the trend set for the most part of 2024. In a recent weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, the ship recycling ma…
Global Ship Recycling Market Remains Subdued Read More »