MOL and ONGC formed two joint ventures in Gujarat IFSC and signed 15-year charters for two 100,000 m3 VLEC newbuildings, scheduled for delivery from late 2028 or later for U.S.–India ethane transport.
Pacific Carriers Limited (PCL), part of the Kuok Maritime Group, has named its next-generation 40,000 tonnes deadweight (DWT) multi-purpose vessel PAC LEO at PaxOcean Zhoushan Shipyard in Zhoushan, China. PAC
Gulf Marine Services has lifted its backlog to $700 million after securing a multi-year contract extension in the Middle East, reinforcing fleet utilisation and long-term earnings visibility.
ONGC and Reliance Industries have agreed to share deepwater resources off India’s east coast to reduce costs, accelerate projects and improve asset utilisation.
ONGC and Reliance Industries have agreed to share deepwater resources off India’s east coast to reduce costs, accelerate projects and improve asset utilisation.
Brazil plans nearly $900 million in oil and gas exploration investment, with offshore drilling accounting for the majority of spending.
German maritime authorities contained an engine-room fire on the car carrier Thames Highway shortly after it left Emden, disabling the vessel and triggering a major multi-agency towing and firefighting operation.
A new Norwegian timber carrier for Viken AT Market will be the first newbuild equipped with the Wärtsilä 25 Ammonia engine from 2027, cutting emissions on Norwegian coastal timber routes to Europe.
Roll Group adds Bigroll KMC Busan as its 10th commercially controlled vessel, strengthening wide-deck capacity for modularised and oversized project cargo worldwide.
