“Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecast…
Container Vessels: Return to Suez Canal Looms Large Read More »
VARD has recently signed an agreement (MoU) with the major Norwegian research institute NORCE, establishing a strategic partnership to cooperate on research and innovation.The agreement encompasses topics such as design, construction, on board…
VARD Forms Research and Innovation Partnership with NORCE Read More »
Danish offshore wind installation firm Cadeler has launched its Wind Ace wind turbine installation vessel (WTIV) newbuild at the COSCO Qidong yard in China.With the launching complete, Wind Ace has moved into the final construction phase, which entails…
Cadeler Launches 11th Offshore Wind Installation Vessel in China (Video) Read More »
Ukrainian drones hit a tanker in the southern Russian port of Rostov-on-Don, killing and injuring a number of people and sparking a fire, the city’s mayor was quoted as saying early on Thursday.”Emergency teams are extinguishing the fire on the tanker …
Ukrainian Drones Hit Tanker in Russia’s Rostov Port Read More »
The bp Board has appointed Meg O’Neill as bp’s next CEO effective April 1m 2026.Murray Auchincloss is stepping down from his position as CEO and director of the Board, effective December 18. Carol Howle, current executive vice president, supply…
Meg O’Neill to Serve as Next CEO of bp Read More »