Fire broke out on a Japanese warship sailing near the western part of the country, causing one crew member to be hospitalized due to smoke inhalation, while another was missing, Japan's navy said on Sunday.The Japan Maritime Self-Defence Force (JMSDF) said the minesweeper Ukushima was sailing off the coast north of Fukuoka in the island of Kyushu when the fire occurred at around 9:40 a.m.
At least one oil and gas platform in the U.S. Gulf of Mexico was shut on Monday and Florida ports imposed restrictions on vessel navigation as Hurricane Milton rapidly intensified.Most energy infrastructure on the U.S. Gulf Coast, including oil and gas production facilities, liquefied natural gas (LNG) plants and refineries, is expected to be out of the storm path
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.The strike ended sooner than investors had expected, weakening shipping stocks across Asia on Friday as freight rates were no longer expected to surge.
Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments from Europe, in a practice that raises doubts over whether reforms to the crude price marker have succeeded.Brent, the most significant benchmark across commodity markets, is used to price more than 60% of globally traded crude and underpins oil futures.
The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen's Houthis attacked a tanker that appears to be leaking oil, with environmental fears growing for trade route, industry sources said on Wednesday.Iran-aligned Houthi militants first launched aerial drone and missile strikes on the waterway in November in what they say is solidarity with Palestinians in Gaza.
Spanish authorities have detained a German-operated cargo ship for causing a spill during a refueling operation near the Spanish enclave of Ceuta, Spain's Merchant Fleet said on Monday.The Antigua & Barbuda-flagged Tony Stark ship cannot leave the port on Africa's north coast until the owners pay bail of 120,000 euros ($130,524), it added.
An expected stronger hurricane season than average raises the risk of weather-related production outages in the U.S. oil industry, the U.S. Energy Information Administration said on Tuesday.WHY IT MATTERSA large portion of U.S. oil production and the bulk of the country's refineries are in areas prone to hurricanes along the U.S. Gulf Coast.
The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG data showed on Friday, as part of Russia's efforts to raise global LNG market share despite U.S. sanctions.The tanker, named Alexey Kosygin after a Soviet statesman, was built at the Zvezda shipyard and is due to join the fleet of vessels for Russia's new Arctic LNG 2 plant
Sustainability claims by MSC Cruises, including that it targets "net zero by 2050" do not meet standards, the Dutch advertising board found on Wednesday in one of the first decisions against a cruise operator following a greenwashing complaint.MSC, a privately held Swiss-Italian firm that is among the world's largest cruise operators
Greece will start negotiations to buy a fourth Belharra frigate from France to strengthen its navy as it recovers from a decade-long debt crisis, the country's defence minister said on Thursday.Greece agreed in 2021 to get three new Belharra frigates for 3.0 billion euros ($3.34 billion), with an option for one more
Technology group Wärtsilä, in partnership with Chevron Shipping Company, plans to convert one engine on six of Chevron Transport Corporation LNG Carriers from dual-fuel (DF) to spark gas (SG) operation to reduce methane emissions.The conversions are intended to reduce greenhouse gas emissions by lowering methane slip in support of Chevron Shipping’s broader efforts to reduce the carbon intensity
Mitsui O.S.K. Lines (MOL) and Chevron Shipping Company, a subsidiary of oil and gas giant Chevron, have signed an agreement to install Wind Challenger to a newbuild LNG carrier, which will become world’s first LNG carrier equipped with wind-assisted propulsions system.The is under long term charter from MOL Encean to Chevron Asia Pacific Shipping