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.
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas
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
Huisman has signed a contract with Zhenjiang Jiangsu Shipyard for the delivery of a 100 mt Pedestal Mounted Crane to Eastern Navigation, a provider of maritime support fleets in the Asian-Pacific offshore energy industry.This marks the fifth Pedestal Mounted Crane Huisman will supply for Eastern Navigation's fleet.
Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data.The diverted cargoes could help meet additional European demand as countries seek to replace piped Russian gas after the Ukraine transit deal expired on Jan.
ST Engineering has signed a shipbuilding contract for the design and construction of a Walk-to-Work (W2W) vessel for an unnamed oil and gas company.The contracts marks ST Engineering’s expansion into the market for specialized vessels supporting offshore operations.The W2W vessel will be 97 meters in length and able to accommodate 106 persons.