Iran Grants Malaysian Vessels Safe Passage Through Strait of Hormuz
Malaysia's Prime Minister Anwar Ibrahim said on Thursday he had spoken to the leaders of Iran, Egypt, Turkey and other regional countries and said Malaysian vessels were now being allowed to pass through the Strait of Hormuz.Anwar in a televised address thanked Iran's president for allowing the passage of Malaysian ships."We are now in the process of releasing the Malaysian oil tankers and the workers involved so that they may continue their journey home," he said.Anwar said he talked with Iran
Cadeler Raises Over $200M to Fund Fleet Expansion Plans
Cadeler has raised approximately $203 million (€175 million) through a private placement to fund planned investments in new offshore wind installation vessels and potential asset acquisitions.The offshore wind contractor said the proceeds will support initial capital commitments for two proposed T-class wind foundation installation vessel newbuilds, as well as the potential acquisition and conversion of a scour protection vessel.According to Cadeler…
Delfin LNG Nears FID as Pipeline Restart Awaits Approval
A final investment decision is expected in the Delfin LNG project offshore Louisiana in the next few weeks, or at most months, according to Eduard Ruijs, head of investment for Vitol, a company that is investing in the project.The 13.2 million metric tons project would have received financial approval sooner had the pipeline to take gas to the proposed floating LNG plant not exploded, Ruijs told Reuters on Wednesday on the sidelines of the CERAWeek conference in Houston.The pipeline…
Iran War Energy Shock Pushes Europe to Rethink Climate Policies
The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in its fourth week, has rattled Europe, which is heavily dependent on imported oil and gas. Around 8% of its liquefied natural gas (LNG) comes from the Middle East through the all-important Strait of Hormuz…
Iran War Sends LNG Prices Soaring, Curbing Asia Demand
The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers.Before the war, analysts expected global liquefied natural gas supply to rise as much as 10% this year to between 460 million and 484 million metric tons as new capacity, mainly in the U.S.
Oil Rises as Ceasefire Optimism Fades
Oil rose about 2% on Thursday, clawing back losses from the previous session on concerns that protracted fighting in the Middle East will further disrupt energy flows.Brent futures LCOc1 rose $2.08, or 2.03%, to $104.30 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures CLc1 were up $1.93, or 2.14%, at $92.25 a barrel.Both benchmarks slumped more than 2% on Wednesday.Iran is still reviewing a U.S.
Turkish Tanker Hit by Drone in Black Sea after Departing Russia
A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul's Bosphorus strait on Thursday, Turkey's transportation minister said.The incident, one of several in recent months involving Western-sanctioned vessels heading to or from Russian ports, occurred in the early hours, minister Abdulkadir Uraloglu told broadcaster Kanal 24.All 27 crew were safe…
Legal Action Taken Following Spiridon II Livestock Deaths
Following the deaths of hundreds on cattle on the livestock carrier Spiridon II last year, Animal Welfare Foundation reports that Turkish importers are taking legal action against the livestock dealer.The Spiridon II was stranded off the Turkish coast for several weeks after a month-long voyage from Uruguay when the consignment of around 2,900 dairy cattle was rejected by local authorities. Court transcripts translated by Animal Welfare Foundation indicate that 58 cows died in transit to Turkey…
CMA CGM Partners with Neoline
CMA CGM is making Neoline's wind-powered vessel Neoliner Origin directly accessible to its customers.The company says this low-carbon solution will strengthen its service offering between France and North America.Customers will now be able to use direct round-trip connections from Montoir (France) to Baltimore (US) and Halifax (Canada).The Neoliner Origin’s innovative propulsion system offers an environmentally friendly solution…
OpenTug Expands BargeOS with Invoice Reconciliation Capabilities
OpenTug has expanded capabilities within its Invoice Intelligence module, introducing cost reconciliation functionality that automatically compares invoiced expenses against costs estimated by BargeOS, based on live operational data.The release further advances the solution as an end-to-end voyage management platform, connecting contracts, operational execution, and financial validation within a single…
Two Ships Entangled on Mississippi River
The US Coast Guard is responding after two vessels, the general cargo ship Pac Dubhe and the bulk carrier African Buzzard, collided and subsequently grounded near mile marker 124.5 on the Mississippi River on Monday.The African Buzzard is currently aground. The two vessels are entangled, with the African Buzzard’s anchor lodged in the front of the Pac Dubhe.Both vessel operators are conducting comprehensive…
Freeport CEO Says Iran War Could Delay New US LNG Projects
Supply disruptions linked to the U.S.-Israeli war on Iran could delay construction of liquefied natural gas projects slated for development in the U.S., Freeport LNG CEO Michael Smith said on Wednesday at the CERAWeek energy conference in Houston.The U.S. is the world’s largest LNG exporter and has more new capacity under construction than any other country.Smith said the conflict’s impact could extend beyond oil and gas supply chains…
UK Authorises Military to Board Russian Shadow Fleet Tankers
British Prime Minister Keir Starmer said on Wednesday he has given the military permission to board and detain Russian ships his government alleges are part of a network of vessels that enables Moscow to export oil despite Western sanctions.The decision comes as other European nations have stepped up efforts to disrupt Russia's so-called shadow fleet of tankers used by Moscow to fund its four-year…
Asia Pacific Maritime 2026: Product Launches & Collaborations
Asia Pacific Maritime (APM) 2026 kicked off today to a record-breaking turnout, with its largest-ever edition occupying 6 exhibition halls across 2 levels at the Sands Expo & Convention Centre, Marina Bay Sands Singapore. Bringing together 819 exhibitors, including 20 international pavilions, the 19th edition sets the stage for three days of industry dialogue, innovation & tech breakthroughs in maritime collaboration…
India Buys First Iraian LPG Since US Removes Sanctions
India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on Tehran's oil and refined fuels, LSG trade flows and three industry sources said.India had shunned energy purchases from Iran in 2019 under pressure from Western sanctions. The tanker was initially bound for China, according to LSEG data.Sanctioned tanker Aurora carrying Iranian LPG is expected to shortly reach the west coast port of Mangalore…
Italian Looks to Receive LNG from Algeria, Strengthen Energy Cooperation
Italy hopes to receive more gas from Algeria after agreeing to strengthen energy cooperation with the north African nation, Italian Prime Minister Giorgia Meloni said on a visit to Algiers.Meloni met President Abdelmadjid Tebboune as Rome faces prolonged disruptions in liquefied natural gas (LNG) supplies from Qatar, which previously covered around 10% of Italy's annual gas consumption."We have decided…
Oil Prices Fall 4% as US Proposes Iran Peace Plan
Oil prices slid about 4% on Wednesday on reports that the U.S. had sent Iran a 15-point proposal aimed at ending the war, prompting talk of progress toward a ceasefire.Brent futures fell 3.96, or 3.8%, to $100.53 a barrel at 10:41 a.m. EDT (1441 GMT), while U.S. West Texas Intermediate (WTI) crude fell $3.57, or 3.9%, to $88.78.Pakistan has delivered a U.S. proposal to Iran, and either Pakistan or Turkey could be a venue for discussions to de-escalate the war…
Libyan Coast Guard Tows Drifting Russian LNG Tanker Away From its Shore
Libya’s coast guard has begun towing away a damaged liquefied natural gas tanker that several Mediterranean countries warned posed an environmental risk after drifting unmanned for weeks, the Tripoli‑based Government of National Unity (GNU) said.The Russian-flagged Arctic Metagaz, carrying LNG from the Arctic port of Murmansk, has been adrift since early March, when Russia's Transport Ministry said it was hit by Ukrainian naval drones.With no crew aboard…
Windcat Amsterdam Debuts as First Elevation CSOV in Europe
Shipbuilder Damen and Windcat, part of maritime group CMB.TECH, have launched the Windcat Amsterdam, marking the arrival of the first Elevation series commissioning service operation vessel (CSOV) in European waters.The vessel was developed jointly by the two companies and constructed at Damen’s Ha Long Shipyard in Vietnam. It is designed to support construction, commissioning and maintenance activities…
Baker Hughes to Supply Tech for Offshore LNG Project in Texas
Baker Hughes has secured a contract to supply gas compression and power generation technology for ST LNG’s proposed 8.4 million tonnes per annum liquefied natural gas export terminal offshore Matagorda in Texas.Under the agreement, Baker Hughes will provide two LM6000PF gas turbine-driven centrifugal compressor trains and three NovaLT16 gas turbine generator packages for the first phase of the project…
