$112M Offshore Vessel Acquisition Finalized
Next Geosolutions has finalized financing to support the acquisition of a new offshore vessel, strengthening its fleet and subsea service capabilities as demand grows in the offshore energy sector.The Italy-based marine geosciences and offshore construction support specialist said it has secured backing from Intesa Sanpaolo and Cassa Depositi e Prestiti (CDP) for the purchase of the vessel Siem Day, which will be renamed NG Supporter.
Offshore Vietnam: Energy Imports Rise as Domestic Production Falls
Vietnam's domestic crude oil production is expected to decline this decade, according to a government document released this week, increasing the country's reliance on imports as its offshore fields mature and geopolitical tensions threaten global supplies.The new forecasts for dwindling oil output come as Vietnam, a regional industrial hub hosting large manufacturing operations of electronics and garment multinationals, is bracing for oil shortages caused by the U.S.-Israeli war on Iran and sub
Bridging the Data Divide: How AI Will Rewire Maritime, Port Ops
With the rapid evolution of Artificial Intelligence, itâs fair to say there is more misunderstood than understood, particularly in conservative markets like maritime and ports. Adalberto âBertoâ Ponce, Co-Founder and CEO Of AI Strategic Solutions discusses with Maritime Reporter TV his organizationâs experiences in working with ports and port facilities to help make operations more efficient and diversify revenue.
Flex LNG Secures Long-Term Vessel Extensions, Contract Backlog
Flex LNG Ltd. has secured new long-term charter extensions for two LNG carriers while confirming the start of a major multi-year contract for another vessel, further strengthening its forward revenue visibility.The company said a supermajor charterer has exercised a second extension option for the Flex Resolute and Flex Courageous, adding 730 days to each contract and extending their employment through the first quarter of 2029.
Bauxite Shipments up 16% but Outlook Uncertain
"During the first 11 weeks of 2026, bauxite shipments have surged 16% y/y, driven by strong Chinese demand for Guinean cargoes. Guinean bauxite has remained highly competitive, accounting for 79% of shipments and pushing non-Guinean bauxite shipments down 3% y/y. Bauxite has been one of the fastest growing dry bulk commodities, growing 10% on average between 2021 and 2025,â says Filipe Gouveia, ShippingâŚ
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