Menon Economics, an Oslo consultancy, has forecast that floating offshore wind could create more than 50,000 new jobs and win a 5-14% share of the global floating market by the middle of the century.
A stand-off has developed over the weekend between Greece and Iran over the seizure of oil tankers in the waters of Greece and the Persian Gulf.
Affected by the covid-pandemic domestically, the major shipbuilding indexes of Chinese shipyards showed clear decline during January-April 2022.
Saudi shipyard International Marine Industries (IMI) has inked an agreement with Keppel LeTourneau Middle East (KLET) for the design and construction of offshore rigs.
End buyers are holding off finalising deals as steel plate prices fall and recycling currencies slip sharply against the dollar, according to the latest update from GMS, the world’s largest cash buyer of end-of-life ships.
Singapore has appointed 18 maritime youth ambassadors to champion the industry among students looking to make career choices.
The members of the North and Standard P&I clubs have agreed to the merger of the two to create NorthStandard.