As container shipping demand continues to fall into the New Year, Xeneta Chief Analyst Peter Sand weigh in with his insights on the pace and direction of spot and contract rates; the likelihood of ship lay-ups and scrapping in 2023; plus the…

The Malaysian FPSO leasing company Yinson has completed the 16-year contract for FPSO Adoon in Nigeria as the client Addax decided to buy the FPSO.The contract for the FPSO which has been operating at Block OML 123 offshore Nigeria, had an original term of 8 years until 2014…

Two crews not maintaining proper lookouts led to the collision between a yacht and a tank vessel near Nassau, Bahamas, the National Transportation Safety Board said Wednesday. The collision resulted in the sinking of the tank vessel and nearly…

U.S. based fuel cell and hydrogen technology company Advent Technologies Holdings, Inc. announced it will collaborate with Alfa Laval, a global provider of heat transfer, separation, and fluid handling products, on a project to explore applications…