One of Australia's biggest coal export ports will resume operations on Monday, the port operator said, after climate-change protesters disrupted shipping at the Port of Newcastle for a second day on Sunday.Climate activist group Rising Tide, which claimed responsibility for the latest protest, said hundreds of activists paddled kayaks into the shipping lane of Newcastle Harbour on Sunday morning
Britain targeted Russia's two largest oil companies, Lukoil and Rosneft, and 44 shadow fleet tankers on Wednesday in what it described as a new bid to tighten energy sanctions and choke off Kremlin revenues.Lukoil and Rosneft were designated under Britain's Russia sanctions laws for what London described as their role in supporting the Russian government.
The U.S. Coast Guard’s Facilities Design and Construction Center completed a contract modification with The Whiting-Turner Contracting Company Aug. 25 to remove up to 100 submerged concrete piles under the old Pier November at Base Charleston in North Charleston, South Carolina. The modification, with a potential value of approximately $14.
South Korea's HD Hyundai Heavy Industries, the world's biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding market.With the merger, the company said it aims to lead U.S.-Korea shipbuilding cooperation projects touted during a recent summit between the leaders of the countries that Seoul has dubbed
U.S. President Donald Trump's administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska's Cook Inlet over the next 15 years.The plan fulfills a directive in Trump's One Big Beautiful Bill Act, which passed last month
The military and Coast Guard budgets are established that will benefit the U.S. ship building and repair sector, but what will stimulate the commercial yards?This author has been scratching his head of late, after a thrilling dive into July’s U.S. Big Beautiful Bill Act, and has asked several colleagues where the funding for support commercial shipbuilding can be found? To answer that
The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past 9:40 a.m. shiptracking data appeared to show the massive vessel in Russia, in fields better known for barley and sugar beets.By 4:15 p.m., the ship's erratic signals indicated it was in southern Iran near the town of Bidkhun
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.Geopolitical risk has spiked following Israel's surprise bombardment of the Islamic Republic last Friday and Iran's retaliatory ballistic missile strikes, leading to a rally in global energy prices
Frontline, the owner of Front Eagle oil tanker which was involved in a collision with Adalynn, a tanker owned by India-based Global Shipping Holding, has confirmed the collision was a navigational incident and not related to the current regional conflict between Israel and Iran.The incident occurred approximately 15 nautical off Fujairah in the Gulf of Oman, off the United Arab Emirates (UAE)
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported.With Iran and Israel firing missiles at each other since Friday, interference has disrupted navigation systems near the vital sea route between Iran and Oman which handles about a
British maritime security firm Ambrey reported on Tuesday that the paramilitary Rapid Support Forces (RSF) had launched a drone attack on facilities at Port Sudan, targeting the container terminal and escalating a two-year-long conflict.Ambrey said it had obtained video footage showing damage to the terminal and civilian infrastructure, reportedly leaving the city without power.
The death toll from a powerful explosion at Iran's biggest port of Bandar Abbas has risen to at least 40, with more than 1,200 people injured, state media reported on Sunday, as firefighters worked to fully extinguish the fire.Saturday's blast took place in the Shahid Rajaee section of the port, Iran's biggest container hub, shattering windows for several kilometres around