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HomePress

Press

Press Releases

Crude Oil News

Shadow tanker accused of being Europe’s drone mothership

October 4, 2025 Stu Turley

EuropeTankers MarineTraffic / Gianluca Balloni (Boracay under previous name) The Boracay, an 18-year-old Russian-linked tanker seized by French commandos off Brest this week, has been placed at the scene of up to nine drone incidents […]

Coal

Coal trade faces rare back-to-back decline

September 26, 2025 Stu Turley

AsiaDry CargoGreater China Global coal trade is forecast to shrink in 2025, the first drop since the covid-19 shock of 2020, with another fall expected in 2026. If confirmed, this would be the first consecutive […]

Finance

Seatrium offloads US shipyard to Karpowership

September 24, 2025 Stu Turley

Seatrium Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would […]

VLCC rates
Crude Oil News

Surging VLCC rates propel ClarkSea Index to two-year high

September 23, 2025 Stu Turley

– Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, reach a two-year high of $29,888 per day as […]

Comoros
Crude Oil News

Comoros takes action on dark fleet

September 23, 2025 Stu Turley

Israeli maritime analytics firm Windward is reporting that the government of Comoros has begun a clean-out of its international registry, a flag which has been central to sanctions-circumventing dark fleet tankers shipping Russian, Iranian and […]

London
Financial Crisis

Splash Wrap: Net zero dogfight erupts in London

September 20, 2025 Stu Turley

The hundreds of events across the British capital that made up London International Shipping Week have served as a sounding board over the past few days for backers and opponents of the International Maritime Organization’s […]

HD Hyundai
Press

HD Hyundai eyes US yard in bid to cash in on Trump’s shipbuilding revival

September 20, 2025 Mariel Alumit

South Korea’s HD Hyundai Heavy Industries has confirmed it is in talks with multiple firms to buy a US shipyard, a move aimed at tapping into Washington’s resurgent naval build-up under president Donald Trump. A […]

shipping
Electric Vehicles

UK to debut an electric shipping route

September 19, 2025 Stu Turley

NatPower Marine and Peel Ports Group are set to commence installation of shore power at Heysham port this month, with the first plug live in the initial phase and expansion to four across all berths, […]

Subsea7
Exploration and Production

Subsea7 scores Aramco contract worth up to $1.25bn

September 15, 2025 Mariel Alumit

Subsea7 has landed a major engineering, procurement, construction, and installation (EPCI) contract from Aramco, covering offshore facilities in Saudi Arabia. The award falls under Subsea7’s long-term agreement (LTA) with the state-owned operator, the Oslo-listed company […]

Anglo Teck
Critical Minerals

Anglo Teck merger creates top five global copper producer

September 10, 2025 Mariel Alumit

Global mining group Anglo American and Canadian miner Teck Resources have agreed to merge in a deal that will create one of the world’s largest copper producers with a combined market value of over $53bn. […]

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