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.
Seatrium delivered FREDERICK PAUP to Manson Construction Co. Built at Seatrium’s Brownsville Texas yard, the Jones Act-compliant vessel is the largest self-propelled hopper dredger in US history.Key highlights:Largest in the U.S. – 420’ length x 81’ beam, with a 15,000+ cubic yard hopper capacityPowerful and Agile – Self-propelled with 25,000 horsepower, triple azimuthing stern drives
Vessels owned or operated by U.S. firms and individuals - or those built in the United States or that fly the U.S. flag - will be charged additional port fees per voyage starting on October 14, China's transport ministry said.The fees are a counter-measure against upcoming U.S. port fees on Chinese ships, the ministry said on Friday.
Rates for shipping cargo containers from China to the U.S. have dropped by more than half since earlier this month, as imports rebounded less than expected after the slump that followed President Donald Trump slapping 145% tariffs on China.Trump quickly reversed course by lowering the rate to 30%. That cost increase on goods from the nation's No.
Technip Energies has received a substantial authorization to continue work on the Commonwealth LNG project in Louisiana, as the development moves toward a final investment decision.The authorization, awarded by Commonwealth LNG, allows the company to proceed with key engineering, procurement and construction activities under an existing EPC contract.
As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.The conflagration sparked by Saturday's Israeli-U.S. air strikes against Tehran has paralyzed traffic through the Strait of Hormuz, a major shipping chokepoint.
India began rationing natural gas on Tuesday while countries around Asia looked to the spot market to replace supplies, activated emergency plans and prepared to step up production, as the conflict in the Middle East curtailed shipping and halted Qatari output.Government officials and company executives in Japan, Taiwan
Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters.The world's largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas player, especially in the United States
The Coast Guard announced the deployment of additional forces to the Rio Grande River in eastern Texas, starting on October 9, 2025, to ensure operational control of the border where the President has declared a national emergency. This surge operation – known as Operation River Wall – will bolster ongoing Coast Guard efforts to control
Watson Farley & Williams (WFW) advised a consortium of lenders on an ECA-backed JOLCO financing for Ocean Network Express Pte. Ltd. (ONE) to finance four newbuild container vessels. The consortium comprised BNP PARIBAS (acting through its Tokyo Branch and as ECA Coordinator), The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch and Citibank, N.A.
The Government of Panama rejects the claims made by Mark D. Wallace, CEO of United Against Nuclear Iran (UANI) in recent publications circulated through the media and electronic mail worldwide. Panama, through its Panama Maritime Authority (referred to by its Spanish acronym AMP), the entity in charge of the Panama Ship Registry, as the governing body of the Panamanian maritime sector
Gibraltar-based ship repair and conversion yard Gibdock has completed the repair and renewal of TechnipFMC's Deep Blue, a deepwaer pipelay and subsea construction vessel.TechnipFMC relocated Deep Blue from the U.S. Gulf for the works, also redeploying the asset outside Europe following completion of works.