The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping is scaling back operations and cutting jobs as the influential non-profit adapts to what it describes as the next stage of shipping’s energy transition.  The Copenhagen-based organisation confirmed the restructuring in a letter issued by chief executive Bo Cerup-Simonsen alongside the release of its latest assessment on global maritime climate regulation.  Although the...

China’s overwhelming dominance in global container manufacturing is once again at the centre of international attention after US authorities launched a major antitrust case targeting some of the industry’s biggest players.  The United States Department of Justice has...

Indonesia is preparing a major overhaul of its commodity export system after announcing plans to centralise shipments of coal, palm...

The Strait of Hormuz may be showing its first signs of operational stabilisation after nearly three months of heightened tensions, following the coordinated outbound transit of three VLCCs through the strategic waterway on Wednesday.  According to maritime intelligence firm Windward, the movements represent the clearest indication so far that some form of organised passage system could be re-emerging across the critical oil corridor.  Two Chinese-controlled VLCCs reportedly crossed the strait together in a tightly coordinated formation, maintaining a distance of roughly 5 to 10 kilometres while openly transmitting AIS signals throughout the transit. The vessels were carrying Iraqi and...

Pakistan is reopening its offshore energy sector after almost two decades of inactivity, launching a major deepwater exploration program designed...

Wood has secured a new offshore engineering contract linked to QatarEnergy’s Bul Hanine EPIC project offshore Qatar.  The contract was awarded by China Offshore Oil Engineering Company (COOEC), with Wood set to deliver a detailed design scope focused on optimising the field’s complex offshore pipeline infrastructure.  As part of the project,...

DeepOcean has won a new offshore decommissioning contract in the UK North Sea, strengthening its position in the growing market for ageing offshore asset retirement projects.  The company will support the decommissioning and removal of a floating production, storage and offloading vessel (FPSO) currently operating on the UK continental...

Saipem is strengthening its position in Brazil’s fast emerging offshore decommissioning market after signing a new cooperation agreement with Petrobras...

Zodiac Maritime is continuing its aggressive tanker expansion strategy with a fresh order for four suezmax newbuildings at Chinese shipyard...

IAG Cargo, the cargo arm of International Airlines Group, has unveiled a new online initiative aimed at helping young people discover career opportunities in the fast-moving world of air cargo and global logistics. ...