Updated about 2 hours ago
Copper futures steadied around $5.95 per pound on Wednesday after falling for four consecutive sessions, as supportive long-term fundamentals helped offset near-term pressure stemming from the Iran conflict. Major technology firms continue to secure agreements that are driving rapid expansion in datacenter construction across key manufacturing hubs, underpinning copper demand given its critical role in ...
Energy – UAE set to leave OPEC The big development in oil markets yesterday was news that the UAE is set to leave OPEC from 1 May. This is a significant move and will be a big blow to OPEC. It’s the highest-profile exit from OPEC in recent years. Prior to the Iran war, the ...
Evergreen launches Asia–South Africa SAF service Port Technology
U.S.-headquartered offshore drilling contractor Noble Corporation has obtained new drilling assignments and extensions across multiple geographies for six floaters in its rig fleet, including jobs in Brazil, Australia, Guyana, the U.S. Gulf, Ghana, and Malaysia. The post Noble scores over half a billion dollars in drilling gigs for rig sextet appeared first on Offshore Energy.
Port of Tokyo posts modest TEU growth in January Port Technology

The United States Department of Transportation has announced a $774 million investment in port infrastructure, aimed at improving supply chain efficiency and supporting economic growth. The funding, delivered through the Maritime Administration (MARAD), will support 37 projects across coastal seaports, Great Lakes ports and inland river ports nationwide. The projects include rail tunnel expansions, upgraded […] The post US allocates $774 million to upgrade ports and strengthen supply chains appe
Norway-based cleantech service provider Soiltech has secured a contract extension with the compatriot state-owned energy giant Equinor for offshore waste management services. The post Equinor prolongs Norwegian firm’s offshore assignment appeared first on Offshore Energy.
The European Investment Bank (EIB) is supporting the development of the second electrical interconnector […] The post EIB continues its support for Malta-Italy interconnector with €100 million appeared first on Offshore Energy.
London-based through transport mutual insurer, TT Club, has extended its marine war risks buyback cover to include intermodal connections on land

The Port of Aarhus delivered one of the strongest financial results in its 180-year history in 2025, driven by record container volumes and strong market demand. Revenue reached DKK 406 million, up 8% year-on-year. EBIT surged to DKK 118 million, more than tripling compared to 2024. Container throughput hit a new national record. The port […] The post Port of Aarhus posts record results and container volumes in 2025 appeared first on Container News.
Norwegian shipbuilder Ulstein has held the naming ceremony for Nexans’ new 155-meter-long cable-laying vessel […] The post Naming ceremony held for Nexans Electra with three godmothers appeared first on Offshore Energy.
The contracts follow on from a letter of intent between the yard and shipowner in second half of 2025

Pacific International Lines (PIL) reported a net profit of $1.04 billion for the financial year 2025, delivering resilient performance despite softer freight rates and ongoing market volatility. The group recorded revenue of $4.27 billion, slightly below 2024 levels. Strong volume growth helped offset the impact of declining rates. Total volumes increased 17% year-on-year to 2.58 […] The post PIL reports $1.04bn profit for FY2025 amid volatile market appeared first on Container News.

Familiar patterns of procedural delay are emerging at this week’s critical UN shipping summit in London, with sources close to the negotiations warning that the most contentious decisions are being deliberately deferred to the final hours of the meeting – leaving little time for meaningful resolution. The 84th session of the Marine Environment Protection Committee …

The third edition of Geneva Dry, the world’s premier commodities shipping conference, has opened in style, with a packed first day of dealmaking, debate and networking that underlined the Swiss city’s status as a hub for the dry bulk and commodities shipping world. Delegates flooded the conference floor from the opening bell, with shipbrokers, owners, …

With 43 top-line vessels trapped, war-risk premiums at twenty times pre-conflict levels the industry is no longer waiting for the strait to reopen. The post How the Hormuz crisis is rewriting container shipping appeared first on Container News.
The suspicious approach to the tanker in the Indian Ocean comes as there are signs of a resurgence of Somali piracy

The maritime sector has spent years talking about digitalisation, but progress remains uneven. For Smart Ship Hub, the pitch is straightforward: bring everything into one place and make the data usable. Joy Basu, the company’s chief executive, frames it as a shift away from fragmented systems toward a single operational layer. “Smart Ship Hub (SSH), …