North American Blue Energy, a company backed by U.S. energy magnate Harry Sargeant III, has moved to export nearly 1 million barrels of Venezuelan crude for delivery into China, Bloomberg News reported on Monday, citing a document.The cargo…
1M Barrels of Venezuelan Crude Headed to China Read More »
The global maritime industry has long been the arterial system of the world economy, responsible for over 90% of global trade. For centuries, the primary dangers to a vessel were physical: crushing storms, mechanical failure, or the threat of piracy.
Navigating the “Third Era” of Maritime Cyber Risk Read More »
2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian P…
OSV Market: Asia Pacific Downshifts for the Long Haul Read More »
Unlike larger jackup regions where scale provides greater flexibility, relatively minor changes in supply can have an outsized impact. The availability, reactivation, or retirement of a single rig can materially shift utilisation levels, dayrate negoti…
Caspian Sea Jackup Market: Locked-In Supply Shapes Utilization and Dayrates Read More »
Germany-based gearbox manufacturer REINTJES is expanding its global after-sales capabilities with the establishment of a dedicated spare parts warehouse at its headquarters in Hameln, Germany, a move aimed at strengthening service support for…
REINTJES Expands Global Service Strategy Read More »