German Maritime Industry Calls for Political Action Plan
Germanyâs maritime sector is poised for significant growth, but industry leaders warn that clearer political priorities and stronger policy support are needed to fully capitalize on the opportunity.That was the message delivered jointly by the German Shipbuilding and Ocean Industries Association (VSM) and IG Metall Küste during a press conference in Hamburg on March 16, where both groups called forâŠ
Pilots Association Sounds Alarm on DHS Funding Stalemate
The American Pilotsâ Association (APA) is concerned that the ongoing Department of Homeland Security (DHS) funding lapse is negatively impacting the ability of the U.S. Coast Guard (USCG) to carry out critical navigation safety and mariner credentialing services. âAPA and our member pilot associations value the important navigation safety and credentialing services the USCG provides.â said APA President Captain Jorge Viso.
Denmark Pushes for EU-Wide Response on Strait of Hormuz
Europe should keep an open mind on helping to ensure freedom of navigation for ship traffic in the Strait of Hormuz even if the continent did not support the U.S.-Israeli decision to go to war with Iran, Denmark's foreign minister said on Monday.President Donald Trump said on Sunday his administration was talking to several countries about protecting ships in the waterway that Tehran has mostly blocked to oil tanker traffic."We must face the world as it isâŠ
Reopening Energy Markets is in Iran's Hands, for now
When Saudi Aramco told its oil buyers in a letter this week that it had no clear idea which port it would use for April exports, it laid bare a new reality: Iran, not the United States, holds the key to reopening the global energy market.The letter, sent to Saudi oil buyers around the world, said they might receive oil from the Red Sea, but they might still get it from the Gulf."I might as well call Iran to find out when this war ends so I can get my oilâŠ
Orlen Takes Delivery of Two LNG Carriers
The Orlen Group is expanding its capacity to transport LNG with the naming ceremony for two 174,000 cubic meter LNG carriers from Hanwha Ocean shipyard. The vessels will enhance the stability and flexibility of gas deliveries to Poland and strengthen the regionâs energy security. Each new ship can deliver enough gas in a single voyage to supply as many as two million households.âOrlen is investing continuously in the energy security and independence of both Poland and the wider region.
Heavy Lift Ship Delivers Heaviest Woodfibre LNG Facility Module
Woodfibre LNG has welcomed one of the most important modules of its facility to site as the liquefaction module arrived aboard the specialized heavy cargo vessel Red Zed 1. The liquefaction module is the 15th module to arrive at site as the project moves closer to construction completion.Weighing 10,847 metric tonnes, it is the heaviest module to become part of the future Woodfibre LNG facility. Occupying a footprint roughly the size of a football fieldâŠ
Kent Awarded FEED Contract for Prinos Carbon Storage Project
Kent has been selected by EnEarth, to perform the front end engineering design (FEED) for the Prinos COâ Storage Project in Northern Greece.Kent will develop the FEED design for the new COâ handling and storage facility, which will receive, store, transport, and inject COâ into the Prinos aquifer underlying the existing reservoir.The Prinos CO2 Storage Project is the first of its kind that has been awarded an environmental permit and a storage permit in the MediterraneanâŠ
Singapore Bunker Sales Eased in February
Marine fuel sales in Singapore softened in February after two months of strong seasonal volumes, according to the latest data from the Maritime and Port Authority of Singapore (MPA), while trade sources said demand has strengthened in the first half of March. Volumes in Singapore, the world's largest refuelling hub, totalled 4.67 million metric tons in February, down 10.6% from prior month, but climbedâŠ
Trump Demands Other Countries Help Secure Strait of Hormuz
President Donald Trump said on Sunday his administration is talking to seven countries about helping to secure the Strait of Hormuz amid the U.S.-Israeli war on Iran, calling on them to help protect ships in the vital waterway that Tehran has mostly blocked to oil tanker traffic.With the conflict creating turmoil across the Middle East and shaking up global energy markets in its third week, Trump insistedâŠ
Additional LNG Exports from Plaquemines LNG Approved
U.S. Secretary of Energy Chris Wright has authorized an immediate 13% increase in exports at Venture Globalâs Plaquemines LNG Terminal in Louisiana.The authorization allows additional exports of up to 0.45 billion cubic feet per day (Bcf/d) of U.S. natural gas as LNG to non-free trade agreement (FTA) countries from the Plaquemines LNG Terminal.Plaquemines LNG is now authorized to immediately exportâŠ
BP Wins US Approval for Kaskida Project
British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late on Friday.The $5 billion investment would unlock 10 billion barrels of resources that BP has discovered in the Paleogene fields of the U.S. Gulf, the spokesperson said.The U.S. Department of the Interior's approval of Kaskida follows a year-long review of the company's development planâŠ
EU to Discuss Bolstering Middle East Naval Mission
European Union foreign ministers will discuss on Monday bolstering a small naval mission in the Middle East but are not expected to decide on extending its role to the choked-off Strait of Hormuz, diplomats and officials say.The EUâs Aspides mission was established in 2024 to protect ships from attacks by Yemenâs Houthi rebel group in the Red Sea. It currently has an Italian and a Greek ship underâŠ
Revolution Wind Now Delivering Power to New England
Revolution Wind, a 50/50 joint venture between Global Infrastructure Partnersâ Skyborn Renewables and Ørsted, started delivering power to New England's electric grid on March 14.Revolution Wind, a 704MW offshore wind energy project, is expected to supply enough electricity to power more than 350,000 homes and businesses. The project will deliver power under fixed-price, 20-year agreements with energy utilities in Rhode Island and Connecticut.At a time of rising electricity demandâŠ
EU Doesnât See Risks to Oil and Gas Supply Yet
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 EUâs gas and oil security of supply in view of the continued disruptions in the Middle East. During the exchange, EU countries confirmed that they do not observe any security of supply risks at the moment. Oil stocks remain at a high levelâŠ
InterManager Advises Extreme Caution for Ships Considering Hormuz Transit
InterManager has expressed serious concern about the worsening security situation affecting commercial shipping in the Middle East Gulf and the Strait of Hormuz.In light of the recent attacks on merchant vessels in the region, InterManager is urging ship managers, owners and operators to exercise extreme caution and carefully evaluate whether transit through the Strait of Hormuz is necessary at this time.
IMO Progresses Lifeboat Air Supply Requirements
The IMO Sub-Committee on the Ship Systems and Equipment (SSE) held its 12th session from March 9 to 13, 2026. ABS has issued guidance on the significant issues progressed at the session including the proposed amendments to the LSA Code.The amendments introduce a new paragraph in Chapter IV requiring that partially enclosed lifeboats installed on or after 1 January 2032 be equipped with a means of supplying sufficient air to maintain COâ concentrations below 5âŠ
US Officials Predict Quick End to Iran War
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 saidâŠ
Breaking the Ice: How a Space-Based Initiative is Solving a Maritime Challenge
This winter, ice on the Great Lakes is expected to impact a maritime economy valued at $35 billion. The wealth of data provided by space-based assets offers a potential lifeline for navigating these frozen waters. However, data alone is not a solution. Without the means to translate raw satellite feeds into actionable intelligence, it remains an untapped resource, a digital haystack without a needle.In response, and in partnership with the U.S.
Offshore Service Vessels: A Measured Market Recovery
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a âGoldilocks momentâ â not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand. For nowâŠ
The Impact of U.S.-Venezuela Relations on Ocean Shipping
U.S.âVenezuela relations have entered a consequential phase for ocean transportation, energy markets, and trade compliance. Sanctions targeting Venezuelaâs oil sector and maritime networks now combine escalated enforcement, including tanker seizures, vessel interdictions, and intensified scrutiny of shipping structures, with narrowly-tailored licenses permitting specific oil exports, diluent shipments, and related maritime services.
