There are early signs that some Asian countries are stepping up their imports of U.S. liquefied natural gas (LNG) as part of trade deals with President Donald Trump.Asia's imports of the super-chilled fuel are on track to hit an eight-month high of 2.01 million metric tons in August, according to data compiled by commodity analysts Kpler.
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around
When tensions rise in the Middle East, it can be helpful to look at what is not happening as much as what is.In the crude oil market, this means focusing on the fact that so far not a single barrel of crude oil supply has been lost. It is in the interests of all involved parties that this remains the case.
Asia's crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the brakes on cargoes from the continent's top supplier Russia.Asia's imports for the first two months of the year are on track to be 26.17 million barrels per day (bpd), down 780,000 bpd from the 26.
The term gamechanger is often over used enough to be rendered meaningless, but the huge Simandou mine in the West African country of Guinea is going to be just that as its start up is set to rock the seaborne iron ore market.The first cargoes from the project may arrive by the end of this year and it's expected that it will ramp up to its full capacity of 120 million metric tons per annum fairly
ABB has secured a contract to supply power distribution and propulsion systems for seven all-electric double-ended ferries being built by Remontowa Shipbuilding in Poland for Caledonian Maritime Assets (CMAL).The 50-meter vessels, part of CMAL’s Small Vessel Replacement Program, are scheduled for delivery between late 2027 and early 2029.
Lloyd's Register (LR) has announced a milestone in its naval assurance services, having secured a 12-month in-service submarine support contract from the UK Ministry of Defence (MOD) through the Aurora Framework.Under the new contract, LR will provide experienced surveyors to His Majesty’s Naval Base Clyde, providing expert support to the Royal Navy’s submarines.
Iron ore prices have been a model of stability in recent months despite the increasing clouds over the outlook for the key steel raw material.The benchmark Singapore Exchange contract ended at $95.25 a metric ton on Monday, down from $95.89 at the previous close but up from the recent nine-month low of $93.35 on July 1.
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around
Caledonian Maritime Assets Limited (CMAL) said it intends to award a contract for seven new loch-class electric ferries to Poland's Remontowa Shipbuilding S.A in Gdansk, Poland.The Small Vessel Replacement Program (SVRP) will see seven fully electric vessels built in the first phase, with an additional three delivered in phase two of the project
The first sea trials for ferry MV Isle of Islay have been carried out successfully by Cemre Marin Endustri in Yalova, Turkey.The trials took place from Thursday 22nd May to Friday 30th May, in the Sea of Marmara, with staff from the Scottish government owned Caledonian Maritime Assets Limited (CMAL) in attendance.
AAC Clyde Space started the INFLECION project, something the company touts as a transformative initiative made possible by a contract with the European Space Agency (ESA). This marks the beginning of a project that will transform maritime domain awareness (MDA) through satellite technology.