KOREA’S HJ SHIPYARD TO BUY YARD FROM HD HYUNDAI TO TARGET US NAVY WORK
South Korea’s HJ Heavy Industries is set to increase its capacities dramatically with the acquisition of a large yard from HD Hyundai Heavy Industries. According to reports in the Korean media, one of the...
MIDDLE EAST CONFLICT AFFECTS AROUND 15% OF TOTALENERGIES’ TOTAL OUTPUT
France-headquartered energy giant TotalEnergies has provided insight into the impact the ongoing conflict between the U.S.-Israel alliance and Iran is having on its activities, highlighting its expectations of being able to offset the loss...
WORLD’S LARGEST SAIL YACHT CRUISE SHIP SETS NEW MARK ON TRIALS
The sail-powered cruise ship Orient Express Corinthian recently completed its propulsion tests, and builder Chantiers de l’Atlantique reports the ship achieved a speed first for a sailing ship of its size. The ship is...
‘LARGEST AND HEAVIEST’ PART OF $5.1B LNG DEVELOPMENT REACHES CANADIAN SHORES
Woodfibre Management, a privately held Canadian company based in Vancouver, has welcomed the arrival of a giant liquefaction module for its operated liquefied natural gas (LNG) export project under development in British Columbia (B.C.),...
U.S. ISSUES 30-DAY LICENSE FOR DELIVERY AND SALE OF RUSSIAN OIL AT SEA
The U.S. Treasury Department late on Thursday, March 12, announced it was issuing a general license authorizing the delivery and sale of Russian crude oil and petroleum products already loaded on tankers and at...
ONE NEW AND ONE CONVERTED TRENCHING SUPPORT VESSEL TO ENRICH JAN DE NUL’S FLEET
Jan De Nul is expanding its fleet with the addition of two trenching support vessels, with the first being a newbuild and the other to be converted from a water injection dredger.
The new trenching...
IEA APPROVES RECORD OIL RESERVE RELEASE, KEEPING A LID ON PRICES
On Wednesday, IEA members approved a record-setting coordinated release of 400 million barrels from global reserves, helping to keep an expected increase in Brent crude prices to just five percent. Brent closed at $92...
PIECES OF $5.1 BILLION LNG PROJECT IN CANADA KEEP FALLING INTO PLACE
Woodfibre Management, a privately held Canadian company based in Vancouver, is making inroads in the construction of its operated multibillion-dollar liquefied natural gas (LNG) export project under development in British Columbia, Canada.
The marine work...
THE IRAN WAR AND GLOBAL TRADE: WILL THE CAPE ROUTE BECOME THE NEW NORMAL?
Events in the Middle East during February and March 2026 again disrupted the flows of shipping trade to the eastern and western spheres of the international system.
Given that the global economy is maritime based...
GERMANY’S SEFE NAILS DOWN 8-YEAR LNG OFFTAKE WITH SOUTH AMERICAN FIRM
Germany’s Securing Energy for Europe (SEFE) has finalized a multi-year liquefied natural gas (LNG) supply agreement with Argentina’s Southern Energy (SESA) against the backdrop of rising energy security concerns that are looming over Europe...