News Flash

U.S. energy major Chevron has completed the acquisition of Iowa-based biodiesel production company Renewable Energy Group (REG) following approval by...

Tanker owner Euronav has sold its two oldest suezmaxes for a $12.4m profit. The company has sold the 2004-built, 159,048...

Cosco Shipping Specialized Carriers has inked financial leasing contracts with three major Chinese banks’ financial leasing units for 12 multi-purpose...

French energy giant TotalEnergies and its partners have made a final investment decision on an $850 million project offshore Angola...

Oil and gas major Shell plans to increase its share of the supply of oil and gas to the UK...

A consortium of companies backed by EU funding are set to take a holistic view of wind-propelled vessels to improve...

Andrew Mill, chairman of the European Marine Energy Centre (EMEC), a UK-based test facility for marine energy, has been recognised...

As the IMO MEPC78 draws to a close, we have seen good progress on several important topics, including on the...

Signal, the diversified shipping services group, reflected on recent milestones and offered a vision of a technology-driven future underpinning relationships...

The conflict in Eastern Europe and covid flareups in China are adding more stress to the already strained global supply...

1. A brief overview of the current situationThe maritime industry is embarking on a major transition from conventional to zero...

While a majority of national International Maritime Organization (IMO) delegates spoke up in favour of moving the sector closer to...

In our June 2022 Short-Term Energy Outlook (STEO), we forecast that U.S. refinery utilization will be relatively high this summer...

Mitsui O.S.K. Lines, Ltd. announced that its group company, MOL Drybulk Ltd. will start sea trials of Panamax bulk carrier...

“Carbon capture is going to be a key transformational technology for shipping to achieve net zero emissions by 2050. It...

Port congestion should ease next year as new container vessels are delivered and demand from shippers softens from pandemic highs,...

Chinese military officials in recent months have repeatedly asserted that the Taiwan Strait isn’t international waters during meetings with US counterparts, according...

Subsea 7 and Schlumberger have signed an agreement to renew the Subsea Integration Alliance for a further seven years and...

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed the conceptual design of a Very...

Global energy trading firm, Sing Fuels Pte. Ltd. has announced it is acquiring the assets of independent bunker-buying management service...