A Russian Panama-flagged cargo ship carrying 3,000 tons of corn is sinking in the Sea of Azov after suffering a hull breach near the port of Azov in Russia’s Rostov region, according to local media.

European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting the so-called shadow fleet used to circumvent restrictions on oil and gas exports.

Under the Outer Continental Shelf Lands Act, enacted in 1953, the president has the authority to limit leasing activity. The groups argue that there is no provision in the act to allow a president ...

Cargill’s Ocean Transportation business and product tanker giant Hafnia have joined forces to launch Seascale Energy, a joint venture, combining Cargill’s existing bunker business Pure Marine ...

A spate of blasts recorded across the Mediterranean on tankers that have recently called at Russian ports has security analysts concerned about a new form of attack targeting merchant shipping.

Japan’s Sumitomo Corporation has bought a 50% stake in the 1GW Liivi wind farm being developed by Enefit Green off the coast of Estonia. Sumitomo bought into the wind farm through the ...

SK Shipping has a fleet of 62 ships according to shipping database Equasis, which lists the fleet as made up of 14 LNG carriers, 14 LPG carriers, 20 crude tankers, six product tankers and seven ...

The extension will begin in direct continuation of the rig’s current contract, extending the commitment until July 2026. The total added contract value is around $50m. Earlier this week, Shelf ...

Seatrium Offshore Technology, the offshore jackup designer for Singapore shipyard group Seatrium, has won an international tender from International Maritime Industries (IMI) to supply equipment ...

Under current and prospective policies from the International Maritime Organization, European Union, and the US, the business case for green shipping corridors could improve markedly – but not ...

Nasdaq-listed Star Bulk Carriers is offloading one of its 23 supramaxes. The Athens-based dry bulk giant revealed in its quarterly earnings report it had agreed to sell the 15-year-old Bittern.

Offshore accommodation vessel specialist Prosafe has struck a deal with an undisclosed buyer for its semisubmersible vessel Safe Concordia. The 2005-built unit will change hands between March and ...