Hanwha Ocean said on Wednesday that it has signed a contract to build one LNG carrier worth 346.6 billion won ($250 million) with its affiliate, Hanwha Philly Shipyard. The vessel is scheduled for delivery by […]
Despite the market headwind, MISC’s gas assets and solutions sub-segment “remained committed to improve operational efficiency and cost containment for existing steam vessels and strengthening its fleet rejuvenation strategy through the deployment of new, modern, […]
Suezmax spot rates are surging as Kazakhstan runs into mounting difficulties with its oil exports, tightening the tonnage list across the Mediterranean and beyond. Kazakhstan has suspended flows via the Baku–Tbilisi–Ceyhan (BTC) pipeline after chloride-contaminated […]
A Panama-flagged chemical/oil products tanker has reportedly been severely damaged in Russian drone strike at the port of Izmail, Ukraine. The 7,842 dwt Excellion was moored at the eastern pier of the Izmail Oil Transshipment […]
Samsung Heavy said on Monday that it will build the LNG carriers for unidentified owners in Oceania. Under the first order, Samsung Heavy will build four LNG carriers for 1.43 trillion won ($1.04 billion), or […]
This was a crazy week on the news desk. Check out the Energy News Beat Substack on the Alaskan Summit we put out this morning. Trump to Hold Off Hiking China Tariffs Over Russia Oil Purchases […]
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 […]
ENB Pub Note: This article is from Andrew Korybko’s Newsletter on Substack and is very interesting. This coincides with our points made that it is a mistake for the Trump adminstration to levy tariffs on […]
In a significant blow to India’s energy landscape, Nayara Energy—operator of the country’s second-largest refinery—has experienced a dramatic plunge in crude oil imports this August, hitting historic lows. This downturn is largely attributed to the […]
Oil prices experienced a modest decline on Tuesday, reflecting trader caution ahead of the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook report. Brent crude futures fell 20 cents, or 0.3%, to $66.43 a […]
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