In the largest penalty the International Tribunal for the Law of the Sea (ITLOS) has ever levied, a Special Chamber ruled unanimously against Equatorial Guinea on May 27, 2026, ordering it to pay over €14 million in damages to the Republic of…
ITLOS Ruling: A Landmark Defense of Freedom of Navigation Read More »
Common sense prevails in dispute over whether payment deadline fell in European or US time zone
Arne Blystad learns when a day actually ends in row over cancelled tanker sale Read More »
China National Offshore Oil Corporation (CNOOC) has started operating a 16 MW floating wind platform in the South China Sea, with the unit now supplying electricity to the Lufeng oilfield grid, according to Chinese media.
The post 16 MW floating wind t…
16 MW floating wind turbine now powering Lufeng oilfield Read More »
Shipowner entered kamsarmax segment in July
Nova Marine Carriers orders two new bulkers in Japan after double S&P play Read More »
Chinese lessor has 11 MRs on order at GSI for charter to oil major
Minsheng Financial Leasing inks tanker newbuildings against Shell charters Read More »