For months, as Iran-backed groups attacked U.S. forces and allies in the Middle East, the Biden administration hailed its efforts to restrict Iran’s oil revenue — and the country’s ability to fund proxy militias. The […]
In an effort to pave the way for year-round transport of liquefied natural gas (LNG) on the Northern Sea Route, the Russian government eased the requirements for icebreaker escorts. The rule change applies to double-acting […]
Johnnie / MarineTraffic Tor Olav Trøim’s private investment vehicle Magni Partners has doubled its VLCCs order from China-based New Times Shipbuilding with two new 320,000 dwt vessels. Trøim told delegates at the Marine Money’s New […]
Israel is using whatever level of force it wants without accountability, Nabil Fahmi told RT The Red Sea region is “on fire,” Egyptian diplomat Nabil Fahmi has told RT in an exclusive interview. Fahmi, Egypt’s […]
Wolfgang Lehmacher, Richard Watson, Mikael Lind, Jillian Carson-Jackson and Sukhjit Singh release details of a new maritime expert study. Stakeholders often have diverse backgrounds with different interests, which can lead to divergent and conflicting points […]
GasMiddle East Nakilat Qatari gas shipping giant Nakilat has been selected by QatarEnergy to own and operate up to 25 vessels as part of the Middle Eastern country’s second phase of a massive LNG shipbuilding […]
Dry CargoEurope Costamare New York-listed Greek owner Costamare has reaffirmed its dry bulk fleet renewal and focus on larger tonnage in the sector. The Konstantinos Konstantakopoulos-led company has revealed the sale of nine ships ranging […]
Spot charter rates for the global liquefied natural gas (LNG) carrier fleet rose for the first time since mid-November 2023, while European prices decreased this week compared to the week before. Last week, the Atlantic […]
Japan’s power firm and LNG trader, Jera, has signed a memorandum of understanding with a unit of Indonesia’s state power company PLN to collaborate on liquefied natural gas procurement. Besides LNG procurement and optimization, the […]
US supermajor ExxonMobil has reserved up to four slots for shuttle tanker newbuilds in South Korea. Shipbuilding sources report Samsung Heavy Industries winning a tender for a pair of 150,000 dwt units with delivery in […]
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