U.S. officials responding to economic uncertainty over high oil prices predicted on Sunday that the U.S.-Israeli war on Iran would end within weeks and that a drop in energy costs would follow, despite Iran's assertion that it remains 'stable and strong' and ready to defend itself.U.S. President Donald Trump threatened more strikes on Iran's main oil export hub Kharg Island over the weekend and said…
Revealing both the positives and negatives of increased connectivity at sea and the growing reliance on peer support by the next generation of maritime, Sailors’ Society has published its latest Cadet Report, 'The first digital seafarer generation…
Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and NYK Bulkship (Asia) have entered into a memorandum of understanding (MoU) to jointly conduct a Front-End Engineering Design (FEED) study and explore the ownership of a newbuild ammonia bunkering vessel for application in Singapore…
In separate ad hoc meetings of the Gas Coordination Group and the Oil Coordination Group held on March 12, the Commission and EU countries assessed the situation concerning the EU’s gas and oil security of supply in view of the continued disruptions in the Middle East…
International Container Terminal Services Inc. (ICTSI) has officially launched the South Luzon Container Terminal (SLCT) as construction for the Philippines’ second largest terminal gears up.The $800 million terminal, located about 110 kilometers south of Manila…
The busiest U.S. container seaport in Los Angeles is mostly insulated from supply chain upheaval sparked by U.S.-Israel attacks on Iran that have spiraled into a regional conflict, its executive director Gene Seroka said on Thursday.The Iran war has snarled container shipping in the Middle East…
The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, according to sources familiar with the matter…
The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than…
North American Blue Energy, a company backed by U.S. energy magnate Harry Sargeant III, has moved to export nearly 1 million barrels of Venezuelan crude for delivery into China, Bloomberg News reported on Monday, citing a document.The cargo…
The transition towards digitalisation and automation is speeding up in the maritime industry, and a comprehensive strategy is emerging to turbo-charge efficiency, safety and sustainability. Yet key questions remain about the adoption of technologies and solutions to enhance operational performance…
Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday…
Mitsui O.S.K. Lines, Obayashi Corporation, Kawasaki Heavy Industries, and Chiyoda Corporation have established the Japan–New Zealand Hydrogen Corridor. The consortium will study the commercialization of green hydrogen production in New Zealand and export operations to Japan…
The NGO Robin des Bois is concerned about the thousands of seafarers currently stuck in the Middle East and about the approximately 70,000 animals on livestock carriers in the region.The livestock has been exported from South America, the European Union…
The U.S.-Israeli war on Iran has disrupted oil and natural gas exports from the Middle East and forced production stoppages from Qatar to Iraq, with Kuwait announcing cuts over the weekend.Analysts predict that the United Arab Emirates and Saudi…
QatarEnergy is offering 10 liquefied natural gas tankers for lease, two industry sources told Reuters, after the world's second-largest LNG exporter announced a production halt at its 77 million ton per annum (mtpa) facility and shipping rates soared…
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