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HomePress

Press

Press Releases

Finance

Venice Energy sells Australian LNG terminal to AGandP LNG

August 14, 2025 Mariel Alumit

  Australian energy infrastructure developer Venice Energy has agreed to sell its project to LNG terminals and downstream infrastructure firm AG&P LNG, a subsidiary of US-owned Nebula Energy. This follows an eight-month negotiation process after […]

HD Hyundai
Press

HD Hyundai’s new Philippine yard to open in January with capacity for 10 ships a year

August 14, 2025 Mariel Alumit

South Korea’s HD Hyundai is set to start shipbuilding in the Philippines from January next year, with a revamped Subic Bay yard capable of turning out up to 10 vessels annually. The shipbuilding giant has […]

Climate Crisis

US rejects IMO net-zero framework

August 14, 2025 Stu Turley

The United States has formally rejected the International Maritime Organization’s (IMO) proposed carbon levy, branding it a “global carbon tax on Americans” and vowing to rally opposition ahead of a key vote in October. In […]

Electrical Generation / Utilities

AC vc DC: who would win a modern Battle of the Currents?

August 12, 2025 Mariel Alumit

Recently, I was asked: what if Edison had won the Battle of the Currents? As power grids today are increasingly dominated by inverter-based generation, could a direct current (dc) grid be more effective than the […]

GPS spoofing
Crude Oil News

Shipowners warned GPS spoofing groundings may not be covered by insurance

August 9, 2025 Mariel Alumit

The Association of Average Adjusters (AAA) has issued a warning to the maritime sector, highlighting the growing legal ambiguity around insurance claims involving vessel groundings linked to GPS spoofing. In a new discussion paper, the […]

Panama
Crude Oil News

Panama cracks down on STS transfers in bid to clean up fleet

August 9, 2025 Mariel Alumit

The Panama Ship Registry has become the first flag in the world to implement stricter controls and mandatory traceability for offshore ship-to-ship (STS) transfers of hydrocarbons. Non-compliance—depending on its severity—may lead to the cancellation of […]

Norway
Crude Oil News

Norway to demand insurance disclosure from foreign tankers

August 8, 2025 Mariel Alumit

Norwegian authorities will require foreign-flagged tankers operating within the country’s economic zone to disclose their insurance arrangements starting August 11. The new rule, announced by Norway’s coastal administration, is part of a broader push to […]

Crude Oil News

Trump slaps India with new tariffs over Russian crude ties

August 8, 2025 Stu Turley

U.S. President Donald Trump has signed an order imposing an additional 25% tariff on goods from India, in response to the country’s continued imports of Russian energy, the White House said on Wednesday, a move […]

Crude Oil News

The Grey or Sadow fleet grows faster than enforcement can keep up

August 8, 2025 Stu Turley

Tankers The growth in the number of sanctioned ships has accelerated over the past year. Analysts at Kpler have been tracking the sanctioned fleet over the past five years. The count of vessels under sanction […]

Geopolitical

Shadow tanker fleet still growing by 30 ships a month despite increased sanctions

August 6, 2025 Stu Turley

RegulatoryTankers Despite a torrent of sanctions from the US, UK, and EU this year, the shadow tanker fleet continues to expand at pace, according to new figures from broker BRS. The so-called grey fleet (see […]

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