US DOI Implements New Guidelines on Gulf of Mexico Drilling With Hopes of Boosting Oil Output

The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf of Mexico, changes it

Baltic Index Rises to Over Two-Week High

The Baltic Exchange's dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments.* The main index .BADI, which monitors rates for

KERSHIP Launches Construction of OPV 60M for the Montenegrin Navy

KERSHIP launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard on April 24 in the presence of Mr. Dragan Krapovic,

INTERCARGO Welcomes ILO Recognition of Seafarers as Key Workers

The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the recent decision at the International Labour Organization (ILO) to officially recognize seafarers as key workers under the Maritime Labour Convention (MLC).This outcome…

In Maritime Propulsion, there is no 'one-size-fits-all' DPS for Vessels

If the dynamic positioning (DP) system went down on an offshore supply vessel, it could result in a collision. On a dive support vessel, it could result in injury or death for

By the Numbers: Inside Japan's Maritime Fleet

Japan is world’s third largest shipping nation as owners control 12% of the fleet“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third

KAUST Research Vessel Keel Laid at Freire Shipyard

The keel laying of the new research vessel, Thuwal II, for the King Abdullah University of Science and Technology (KAUST) at the Freire Shipyard marks the beginning of a new chapter in

Risk Intelligence Signs Up German Shipowner as New Client

Risk Intelligence has signed an agreement with Hamburg-based ship owner the Risk Intelligence System.The unnamed shipowner owns more than 40 bulk carriers, container ships, product tankers and car carriers operating globally, which

EU Requires Insurance Details from Passing Ships

The European Commission has adopted a new measure to enhance maritime safety and environmental protection around the EU’s coasts via an amendment to the Vessel Monitoring Directive (2022/59/EC).It now requires all vessels,