Oil prices slipped after touching a five-month high during a choppy session on Tuesday as traders weighed Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf.Yemen's Iran-aligned Houthis said on Monday they launched several attacks on Saudi energy, airport and military targets, such as an Aramco site in Yanbu, the Shaybah oilfield
The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on."If you want to know how seriously to take the threat of an energy crisis
The Port of Albany-Rensselaer, NY hosted a half-day Maritime Summit that featured internationally renowned port, economics, infrastructure, and transportation leaders who addressed the issues, opportunities, and trends facing the transportation/maritime industry here in the Capital Region, across New York State, and around the United States.
New Wave Offshore Energy has been selected by Shell to provide marine warranty survey services for the Orca project in Brazil’s pre-salt Santos Basin.The contract covers marine warranty and assurance services for the offshore development, which is estimated to contain recoverable resources of about 370 million barrels.
Global stocks wavered on Tuesday, while oil prices were perched above $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.Markets have been rattled since the U.S.-Israel war on Iran broke out at the end of February, with Tehran effectively closing the Strait of Hormuz
Advanced Navigation, a leader in navigation and autonomous systems, announced it has successfully raised $110 million in a Series C funding round. The raise marks a shift in the global autonomy race as national demand for alternative Positioning, Navigation, Timing (PNT) technologies reaches an all-time high.
From inland towboats and tank barges, to oceangoing tankers and government fleets, Bergan Marine is literally everywhere you look on the waterfront. Kyle Durden, President & CEO, Bergan Marine Systems, discusses the rich history of this company; born in 1975 in Norway but operating from Florida since 1980, Bergan Marine Systems offers a full family of product and services that are connected