The bp Board has appointed Meg O’Neill as bp’s next CEO effective April 1, 2026.Murray Auchincloss is stepping down from his position as CEO and director of the Board, effective December 18. Carol Howle, current executive vice president, supply, trading & shipping of bp, will serve as interim CEO.
The International Maritime Organization will meet this week to formally decide whether to impose a carbon emissions price on global shipping, a move supported by an EU-led bloc including Britain, China and Japan but strongly opposed by the U.S.The IMO struck a preliminary deal to charge the global shipping industry for emissions in April after the U.S.
Israeli forces stopped 14 boats carrying foreign activists and aid bound for Gaza, flotilla organisers said on Thursday, but 23 boats are continuing to sail towards the war-ravaged Palestinian enclave, according to the flotilla's tracking system.A video from the Israeli foreign ministry verified by Reuters showed the most prominent of the flotilla's passengers
TKMS, the defence business that German conglomerate Thyssenkrupp aims to spin off this autumn, plans to raise its profit margin to more than 7% to close a gap with rivals, banking on soaring military demand amid fears of Russian aggression.TKMS, which makes submarines, frigates as well as sensor and mine-hunting technology, has more than tripled its order backlog in five years.
Yemen's Houthis said on Monday they launched a missile towards the Israeli-owned tanker Scarlet Ray near Saudi Arabia's Red Sea port city of Yanbu in a rare attack off the Saudi coast.The Liberia-flagged vessel's Singapore-based manager, Eastern Pacific Shipping, owned by Israeli magnate Idan Ofer, said the chemical tanker was undamaged and under the command of its captain.
Australia conditionally approved on Wednesday a request by Woodside Energy to extend until 2070 the life of its North West Shelf gas plant, following a six-year review dogged by delays, appeals and backlash from green groups.The facility on the Burrup peninsula in Western Australia is the country's oldest and largest liquefied natural gas plant and a key supplier to Asian markets
U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry.Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas and diminishing U.S. naval readiness.The order directs the U.S.
Fears of an environmental disaster eased on Wednesday, two days after a container ship ploughed into a stationary U.S. fuel tanker off northeast England, as the vessel's owner said the detained captain was a Russian national.The Portuguese-flagged Solong had crashed with no obvious explanation into the larger Stena Immaculate, a tanker carrying jet fuel for the U.S. military.
Stena Immaculate and the Portuguese-flagged container ship Solong Tanker, cargo ship collide off UK coast causing blaze and casualties.A chemical tanker and container ship collided off the northeastern coast of England on Monday causing a huge fire on at least one of the vessels and leading to numerous casualties.
An oil tanker and a cargo ship a collided off the northeastern coast of England on Monday causing a huge fire, with authorities mounting an emergency response involving aircraft and lifeboats.Shipping industry sources told Reuters the two vessels involved were the chemical tanker Stena Immaculate and container ship Solong.
The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught fire on Tuesday, two maritime sources said, adding the cause of the incident was not immediately clear.The crew were rescued by another vessel and are safe, the sources said, adding that the incident took place in the open sea off Yemen.
The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.S. economy.The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) employer group