News Flash

The conflict in Ukraine has prompted the European Union and other bodies to impose a number of sanctions on Russia....

Responding to international calls for action, the UN’s International Maritime Organization announced that it will convene an extraordinary council session...

Equinor and BP are investing up to $250m to transform New York’s South Brooklyn Marine Terminal (SBMT) into an offshore...

Qatari oil and gas giant QatarEnergy has signed a cooperation agreement with Namibia’s NAMCOR Exploration and Production on the heels...

War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed...

Energy consumption will increase in the United States over the next 30 years across a variety of economic scenarios as...

Nippon Yusen Kabushiki Kaisha (hereinafter, NYK), MTI Co., Ltd. (hereinafter, MTI), and Elomatic Oy, a Finnish maritime consulting and engineering...

When most large ocean carriers suspended normal service to Russia this week, shipping options for the nation's trade with the...

More than two years after the pandemic began, the International Chamber of Shipping says that too often countries and governments...

Nantong CIMC Sinopacific Offshore & Engineering, subsidiary of CIMC Enric has signed contracts with Seaspan ULC of Canada for two...

Japanese research and observation company Kaiyo Engineering has acquired Cougar, an underwater robotic vehicle, from Saab Seaeye for cable burial...

The 31 Member Countries of the Governing Board of the International Energy Agency agreed to release 60 million barrels of...

U.S. energy major Chevron will acquire the outstanding shares of renewable fuels firm Renewable Energy Group for $3.15 billion in...

The Felicity Ace car carrier has sunk in the Atlantic Ocean. The ship’s manager, MOL Ship Management (Singapore), confirmed that...

Braemar announced it has completed the disposal of Cory Brothers to Dutch maritime services company Vertom. The value of the...

MSC Mediterranean Shipping Company is introducing as of 1 March, with immediate effect, a temporary stoppage on all cargo bookings...

The first shipment of LNG completed loading and departed the Calcasieu Pass LNG export facility in Cameron, Louisiana. The introduction...

US President Joe Biden’s State of the Union Address singled-out shipping lines as anti-competitive in raising freight rates by over...

A Norwegian project emerging from a competition to develop the world’s first zero-emission bulk carrier is proceeding toward its goal...

The California Air Resources Board has reached a settlement agreement with Wan Hai Lines (USA), part of Taiwanese shipping company...