U.S. forces on Monday conducted strikes in southern Iran against targets including boats attempting to lay mines and missile launch sites, in what it described as defensive actions.The strikes came as Iran's top negotiator and its foreign minister were in Doha for talks with Qatar's prime minister on a potential deal with the U.S.
Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz.The U.S.-Israeli war with Iran has slashed energy exports from a region that normally supplies 20% of the world's crude oil and LNG. The U.S.
Concerns grew on Monday that the ceasefire between the United States and Iran might not hold after the U.S. said it had seized an Iranian cargo ship that tried to run its blockade and Iran vowed to retaliate.Efforts to build a more lasting peace in the region likewise appeared to be on shaky ground, as Iran said it would not participate in a second round of negotiations that the U.S.
Two vessels loaded with liquefied natural gas (LNG) from Ras Laffan, Qatar, turned back after they moved eastward towards the Strait of Hormuz, ship-tracking data showed on Monday.Had the vessels successfully crossed the strait, it would have been the first transit of LNG cargoes through the waterway since the U.S.-Israel war with Iran began on February 28.
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.
Oman's civil defence is working on containing a fire in fuel tanks at the country's Salalah port, Oman's state news agency reported on Wednesday, after drones struck oil storage facilities at the port.The state news agency, citing Oman's civil defence, said that containing the fire "might take time", without providing further details.
The captain of an oil tanker intercepted by the French navy has been detained under investigations into whether it was operating under a false flag, the Marseille prosecutor’s office said on Sunday.The vessel named Grinch was seized in the Mediterranean on Thursday, then diverted to anchor off the French port city
The U.S. government has filed for court warrants to seize dozens more tankers linked to the Venezuelan oil trade, four sources familiar with the matter said, as Washington consolidates control of oil shipments in and out of the South American country.The U.S. military and Coast Guard have seized five vessels in recent weeks in international waters that were either carrying Venezuelan oil or have
The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit across the Atlantic and as a Russian submarine and warship were close by, two U.S. officials told Reuters on Wednesday.The seizure, which could stoke tensions with Russia, came after the tanker, originally known as the Bella-1, slipped through a U.S.
A landmark agreement to curb billions of dollars in subsidies contributing to overfishing came into force on Monday, the World Trade Organization said - a move activists hailed as a step towards helping global fish stocks recover.It was the first agreement to take effect at the WTO since 2017 after years of stalled debates and infighting on top of, more recently, a surge in U.S.
China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the container ship orderbook has shown a similar growth trajectory. The nation has ranked first in the world for new orders since 2012. Labor costs are about half of what they are in Korea and Japan, and China is the world’s cheapest steel manufacturer.
Van Oord's new offshore wind installation vessel Boreas was officially christened on June 18 in Rotterdam. The event marked a milestone in Van Oord’s commitment to enhancing the energy transition. In addition, Van Oord announced that it had become the first marine contractor to receive approval on science-based targets for its decarbonization approach. The Boreas was christened by Ms.