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Fri, Mar

1M Barrels of Venezuelan Crude Headed to China

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
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Greek Vessel Laden with Saudi Oil Sails through Hormuz

A Greek‑operated oil tanker has sailed through the Strait of Hormuz, ship tracking data showed on Monday, in a sign that some commercial vessels are still attempting to navigate the vital passage
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Towage Giant Delivers Record Results, Eyes Global Expansion

SAAM closed 2025 with record financial performance, underscoring the continued strength of its harbor towage business across the Americas while positioning the company for further international expansion. For a company that has
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Nuclear Power for Commercial Vessels Central to ABS, HD Hyundai JDP

ABS, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Samho Heavy Industries (HD HSHI) signed a joint development project (JDP) for the “Conceptual Design of a Nuclear-Powered Electric Propulsion
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Semco Maritime, Zamakona Form Las Palmas Shipyard Alliance

Semco Maritime and Zamakona Yards have formed a strategic alliance to establish Las Palmas Shipyard, a new hub for rig upgrades, vessel maintenance and offshore modification projects in the Canary Islands.The partnership
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Governments Move to Shield Economies as Oil Jumps 25%

Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran
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Bahrain’s Bapco Declares Force Majeure After Refinery Attack

Bapco Energies has declared force majeure on its group operations following the impact of the ongoing regional conflict in the Middle East and a recent attack on its refinery complex.The Bahrain-based integrated
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AYK Energy to Supply Polarstern Battery

AYK Energy has secured a contract to supply the largest battery ever installed on an ice class vessel for Germany’s next generation polar research ship Polarstern.The partnership for the new diesel-electric vessel
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Seatrium Wins FSRU Conversion Contract

Seatrium has been awarded a contract by Karpowership for the conversion of a new floating storage regasification unit (FSRU).Scheduled to commence in the third quarter of 2026, the LNG carrier Karadeniz will
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