July 5, 2022
Østensjø Vessels Go to Svalbard for Coal Mine Clean-up

Østensjø Vessels Go to Svalbard for Coal Mine Clean-up

Norwegian coal mining company Store Norske is taking in vessels from Østensjø Rederi for one of the most ambitious environmental projects in Norway: the clean-up of the closed down Svea Nord longwall mine in Svlabard."When Svea Nord was closed in March 2020…
July 5, 2022
Ship Recycling Market Prices continue Free Fall

Ship Recycling Market Prices continue Free Fall

The degraded performance across the ship recycling sector over the last few (and painful) months shows few signs of abating just yet, as it has been a veritable tale of misery, even though prices remain at some of the firmest levels we have seen over the last decade.
July 5, 2022
Norway’s OSM Maritime Buys New Zealand’s Kingston Offshore Services

Norway’s OSM Maritime Buys New Zealand’s Kingston Offshore Services

Norway's offshore and maritime services provider OSM Maritime (OSM) has bought New Zealand’s oil and gas and offshore marine service firm Kingston Offshore Services. "The acquisition was completed on June 30th and aims to further strengthen OSM’s current operations and services in Oceania…
July 5, 2022
Egypt’s Suez Canal Revenue Hits Record High of $7B

Egypt’s Suez Canal Revenue Hits Record High of $7B

Egypt's Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7% from the previous year, Canal Authority Chairman Osama Rabea said on Monday.A statement from the authority attributed the rise to an increase in vessel numbers and cargoes, with total cargoes reachi
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