Press Releases
Europe is on track to end the winter with a record volume of gas in storage, which has pushed futures prices back to pre-crisis levels once inflation is taken into account. The supply picture […]
CNOOC The government of the UK has decided to extend the windfall tax on oil and gas firms by an additional year putting 42,000 jobs in jeopardy. The 35% surcharge on profits due to high […]
ShipyardsTankers In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m dwt, a 490% leap year-on-year, due to a rise in orders for VLCCs, according to data from shipping organisation […]
Top officials from across the shipping industry have expressed their feelings about the first loss of lives from the five-month old Red Sea shipping crisis. The Houthis fired a missile yesterday at the True Confidence, […]
OffshoreRenewables Australian Department of Climate Change, Energy, the Environment and Water The federal government of Australia has declared an area in the Southern Ocean off Victoria as the country’s third offshore wind zone albeit with […]
American sportswear giant Nike has contracted French liner CMA CGM to use sustainable biofuel for a part of its maritime transport for a trial 11-month period. Nike will use sustainable biofuel for the transportation of […]
US Central Command Emboldened by their first ship sinking the Houthis are now insisting any ships entering their territorial waters need to obtain a permit. Ships will have to obtain a permit from Yemen’s Houthi-controlled […]
The Polish government is negotiating with Commission President Ursula von der Leyen for the country to be exempted from some provisions of the European Green Deal, a minister has confirmed to the media. The […]
The Presidential Office of Ukraine Insurance broker Marsh McLennan and Lloyd’s of London underwriters have expanded the Ukraine-backed marine war insurance programme from just grain shipments to all non-military cargo. The initial programme to cut […]
US Central Command The Red Sea shipping crisis has entered a new chapter with the sinking of the Rubymar bulk carrier early on Saturday morning. The insurance situation regarding the Lebanese-owned, Greek-managed, Belize-registered ship remains […]
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