Business

Laskaridis Shipping has joined forces with maritime software company Seafair to introduce an AI-powered compliance platform aimed at modernising some of the shipping industry’s most complex and time-consuming audit and safety management procedures.  The new AI Compliance Engine has been developed to automatically analyse company procedures and operational documentation against major industry frameworks, including DryBMS and DBCE, while also supporting broader standards such as the Code of...

Swedish tanker owner Terntank has entered into a commercial agreement with maritime performance specialist Oversea following a successful trial period involving the company’s Fleet Support Center services.  The partnership will initially cover nine vessels, including Terntank’s latest Hybrid-Plus tankers, while two additional newbuildings scheduled for delivery next year are also expected to join the programme.  Among the vessels included in the agreement, two are equipped with wind-assisted propulsion systems as part of Terntank’s broader strategy to reduce emissions and improve energy efficiency across its operations.  Under the...

The shipping crisis in the Strait of Hormuz is nearing its 100th day with no sign of resolution, as tensions...

CRP Subsea has secured a new offshore wind contract from Seaway 7 to supply cable protection systems for ScottishPower Renewables’...

DryDel Shipping has further expanded its Japanese newbuilding campaign by ordering three additional dry bulk vessels, strengthening its long-standing commitment...

 Baker Hughes has extended its agreement with Equinor through two further contract extensions for integrated drilling and well services, as...

 FedEx has announced an investment of €46 million to expand its road hub in Duiven, the Netherlands, to further develop the...

LATAM Airlines Group has been included once again in S&P Global’s Dow Jones Best-in-Class Chile and MILA 2026 sustainability indices,...

As a growing number of so-called “black swan” events continue to disrupt global trade flows, companies are increasingly moving away...

Fast-growing e-commerce logistics company Stord has raised $250 million in late-stage venture capital funding, valuing the business at $3 billion and accelerating...