Luka Koper posts strong first-half 2025

Oil Up 8% as Middle Eastern War Rages

Oil surged 9% on Monday after retaliatory Iranian attacks disrupted shipping in the crucial Strait of Hormuz following the weekend's bombing by Israel and the United States that killed Iranian Supreme Leader

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Commercial Vessel Risk Rises Sharply, Insurers Cancel War Risk Cover

Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to surge further after the widening Iran conflict left at least three tankers damaged, a seafarer killed

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Memorial Stone Placed at Grave of Antarctic Pioneer Captain John King Davis

A new memorial stone and plaque have been placed at the grave of Captain John King Davis, one of the mostly highly decorated navigators and mariners in the history of Antarctic exploration.Davis

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EU Approves German Recycling Yard

The European Commission adopted the 15th edition of the European List of Ship Recycling Facilities which includes the first shipyard approved in Germany, located in Emden.The list renews the inclusion of four EU

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Petrobras Awards Acteon Mooring Services Contract

Intermoor, Acteon’s Moorings and Anchors business been awarded a new contract by Petrobras for the provision of stack-up mooring system services in Brazil.This work will support light-workover interventions and abandonment operations on

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Everllence and Vale Sign Ethanol Cooperation Agreement

Everllence and Vale – one of the world’s leading producers of iron ore, copper and nickel, and one of the largest logistics operators in Brazil – have signed a cooperation agreement regarding

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Hong Kong Shipowners Welcome Budget Provisions

The Hong Kong Shipowners Association (HKSOA) has welcomed the many new initiatives in the 2026-27 budget promulgated by the Financial Secretary.Many of the association’s recommendations have been accepted by the government:• provision

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Watch: Salvors Refloat Grounded Barge in San Juan Harbor

The barge Defiant was refloated from the Castillo San Felipe del Morro shoreline in San Juan Harbor, Wednesday at approximately 2:22 a.m., just before high tide.Salvage crews and tugboat operators prepositioned three

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OceanTools Celebrates Recent Project Successes

OceanTools is celebrating two projects that highlight their engineering expertise and versatility. From designing subsea pressure housings for a well-known space technology company to creating solutions for the world’s deepest oceans, their…