Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of ageing infrastructure, power outages and quality issues, according to shipping data, sources and documents.The delays are putting roadblocks on a U.S.
Canada's Prime Minister Mark Carney signed an agreement with Alberta's premier on Thursday that rolls back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast.Under the agreement, the federal government will scrap a planned emissions cap on the oil and gas sector and drop rules on clean electricity in exchange for
The giant ship propeller supplied by Mecklenburger Metallguss (MMG) will once again take its place in front of the Hamburg exhibition halls. On Thursday, August 27, the maritime heavyweight will return to the exhibition grounds, providing a visible signal that SMM 2026 is about to begin. Just a few days later, from September 1-4, the international maritime industry will gather in Hamburg.
Danish marine equipment supplier Svanehoj has secured its first contract to supply LNG tank gauging systems for the conversion of a liquefied natural gas (LNG) carrier into a floating storage unit (FSU).The company will deliver four LNG density and temperature (LTD) gauging systems to Drydocks World Dubai for the conversion of the LNG carrier LNG Bayelsa into the FSU Cap Lopez.
EcoNavis Solutions has been selected by a US Federal Government agency to lead a project aimed at demonstrating how integrated hydrodynamic optimization can reduce fuel consumption and underwater radiated noise in offshore vessels and workboats operating in the Gulf of Mexico. The award, valued at $500,000, will support a full-scale retrofit and validation program on a designated workboat
EcoNavis Solutions has completed retrofit installation of its Eco Boss Cap to a second vessel operated by Thailand-based Kaizen Ship Management. The successful installation marks the first repeat order for the energy-saving propeller technology since market introduction last year.The latest retrofit, carried out last week on the 32,491dwt bulk carrier YC Fortitude
EcoNavis has launched a new online savings calculator to help shipowners and operators make an initial assessment of the fuel-saving potential of an Eco Boss Cap retrofit.Available on the EcoNavis website (econavis.co.uk), the Eco Boss Cap Savings Estimator allows users to enter basic vessel information – ship type, dimensions
"During the first 11 weeks of 2026, bauxite shipments have surged 16% y/y, driven by strong Chinese demand for Guinean cargoes. Guinean bauxite has remained highly competitive, accounting for 79% of shipments and pushing non-Guinean bauxite shipments down 3% y/y. Bauxite has been one of the fastest growing dry bulk commodities, growing 10% on average between 2021 and 2025,” says Filipe Gouveia
Russian flagship Urals oil is selling at a premium to the Brent international benchmark at delivery in Indian ports for the first time ever, fuelled by rising demand due to the Iran war, traders said on Friday.The U.S.-Israeli war against Iran, which began a week ago, has choked the Strait of Hormuz, the main route for global oil.Russian oil had traded at a discount of several U.S.
World sugar prices headed higher on Monday on fears the U.S.-Israel war against Iran, which is disrupting global energy supplies, will prompt Brazilian cane mills to produce more ethanol and less sugar.Ethanol is a cane-based biofuel. If mills in top sugar grower Brazil use more cane to produce the fuel, they will have less of the raw material to produce sugar
The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow's key source of income for its war on Ukraine.Russia exports over a third of its oil in Western tankers - mostly from Greece, Cyprus and Malta - with the help of Western shipping services.
The U.S. Coast Guard recently conducted a marine casualty investigation into an uncontrolled release of isobutane from a 2-inch cargo tank pipe aboard a pressure barge certificated to carry flammable cargoes. The direct cause of the incident was traced to the failure of the studs of a ball valve installed on a cargo tank’s gauging pipe which sheared off and caused the ball valve to separate from