Meyer Turku Reports 2024 Financial Turnaround

Finland's Meyer Turku Group's financial result for 2024 has been published, with the company reporting a turnover of…

NYK Orders Dual-fuel Methanol VLCC

On April 4, NYK concluded a contract for the construction and charter of a very large crude oil carrier (VLCC)…

New Zealand Ups Defense Spending to 2% of GDP

New Zealand said on Monday it would boost defense spending by NZ$9 billion ($5 billion) over the next four years, and…

42% Surge in Passenger Traffic at Border Terminals during Nowruz 1404

The Director General for the Department of Transit and International Transport at the Road Maintenance and…

DEME to Buy Havfram in $985M Deal

Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind…

Dry Bulk to Suffer Under China Tariffs

On Friday, China announced a tariff increase of 34% on all US imports, in retaliation to the new tariffs announced by…

Panama Canal to Seek Bids for Pipeline Development

The Panama Canal Board of Directors has authorized the opening of a bidding process for the development of a new…

Well-to-Wake: Scrubbers Beat HFO on Environmental Performance

Researchers from MIT and Georgia Tech have concluded that burning heavy fuel oil with scrubbers in the open ocean can…

Steel Cut for USACE Eco Dredger

Eastern Shipbuilding Group (ESG) has officially begun construction on the U.S. Army Corps of Engineers' (USACE) new…

Public Transport Accidents Drop by 40% during Nowruz 1404

The Director General for the Department of Traffic and Safety and of the Road Maintenance and Transport Organization…