Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S.
PaxOcean Group and ABB have announced that Singapore’s first fully electric tug completed commissioning, marking a major milestone in the city-state’s harbor craft electrification program.The 50-tonne bollard pull tug, PXO-ACE-1, is expected to be deployed in April 2026 and is the first fully electric tug to be built and operated in Singapore.
Morocco will open a new deepwater Mediterranean port next year and another on the Atlantic in 2028, Equipment and Water minister Nizar Baraka said, as the North African country aims to replicate the success of Africa's largest port, Tanger Med.Nador West Med, under construction on the Mediterranean, is scheduled to be operational in the second half of 2026, Baraka told Reuters in an interview.
ST Engineering’s Marine business and Siemens Energy have been awarded a second contract by Transcontinental Capital Corporation (Bermuda), a subsidiary of Seaboard Corporation, to deliver Estrella del Mar IV, a barge-mounted power plant to Santo Domingo in Dominican Republic.The new power plant will be based on its predecessor, the Estrella del Mar III, which was commissioned in 2022.
The latest U.S. sanctions on a major Chinese crude oil terminal have forced refining group Sinopec to divert a supertanker and ask some plants to cut crude processing rates, according to ship tracking data and Chinese consultancies.A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S.
Maritime Developments (MDL) has secured a subsea installation project in the Asia-Pacific region, covering the lay of two cables and two umbilicals.The work will be done in water depths between 800 and 1,200 meters.For the 60-day campaign, scheduled to mobilize from Singapore in 2026, MDL will provide a complete flex-lay spread
Jack Tanner Towing Company added the newbuild1368-HP Super Tiger workboat, M/V Miss Hazel, to its fleet. Built by Serodino, Inc. in Chattanooga, Tennessee, the vessel is powered by twin Mitsubishi S6R engines, each delivering 684 horsepower at 1800 RPM. The Miss Hazel will operate primarily around Havana, Illinois, supporting the company’s regional towing operations.
Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects.Cederic Cremers, Shell's president for integrated gas, told Reuters that Indonesia, Malaysia
The Marine Environment Protection Committee (MEPC) met for its 83rd session in person at IMO Headquarters in London from April 7-11, 2025. The meeting was chaired by Dr. Harry Conway (Liberia), with Mr. Hanqiang Tan (Singapore) as Vice-Chair.Highlights included:Tackling climate changeThe Committee finalized and approved the draft legal text for the "IMO Net-Zero Framework
Freight rates for very large crude carriers (VLCCs) soared to their highest in more than two years, according to industry sources and LSEG data, as tanker supply tightens with a rise in Middle East exports and more arbitrage supplies to Asia.The key VLCC spot rate on the Middle East to China route, known as TD3C DFRT-ME-CN, jumped to W108 on the Worldscale industry measure
The Philippines has deployed a coast guard vessel and an aircraft to challenge and escort a Chinese research ship it said was conducting illegal marine scientific research activities within the country's exclusive economic zone.The Chinese Research Vessel (CRV) Tan Suo 3 was detected entering the country's EEZ on May 1, 2025, around 92 nautical miles off the Philippines' northern Ilocos coast
A ship carrying Russian crude transferred from three smaller tankers that are under U.S. sanctions unloaded last week at a Chinese port, shiptracking data shows, ending an unusual month-long voyage highlighting the efforts of producers and traders to keep Moscow's oil flowing despite tightened curbs.