When Saudi Aramco told its oil buyers in a letter this week that it had no clear idea which port it would use for April exports, it laid bare a new reality: Iran, not the United States, holds the key to reopening the global energy market.The letter, sent to Saudi oil buyers around the world, said they might receive oil from the Red Sea, but they might still get it from the Gulf.
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
Oil prices fell more than 1% on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures LCOc1 fell $1.09, or 1.4%, to $76.81 a barrel and U.S. West Texas Intermediate CLc1 declined to $72.99 a barrel, down 87 cents, or 1.2%, as of 0607 GMT.
Spot premiums for crude and some refined products in Asia, Europe and Africa have fallen back following a U.S.-Iran deal to end the Middle East conflict, though caution about how soon normal shipping can resume is providing a floor for oil markets.Prices tumbled across the board on Monday after U.S. President Donald Trump said a preliminary agreement had been signed.
Ship technology pioneer EcoNavis Solutions has appointed Neil Logan as Executive Chair, formalizing a more hands-on leadership role as the company prepares to scale up operations and expand across global maritime markets.Logan has been involved with EcoNavis since the company’s formal University spinout in August 2025.
Norwegian Cruise Line Holdings forecast annual profit below Wall Street expectations, as demand for its higher‑priced voyages softened amid economic uncertainty and rising geopolitical tensions.Shares of Norwegian fell about 7% in premarket trading, mirroring a broader market selloff sparked by escalating conflict between the U.S. and Israel, and Iran.
U.S. diesel exports to Europe hit an all‑time high in January after the continent strengthened its ban on imports of Russian-derived fuel, and as discounted Russian diesel displaced U.S. fuel in Brazil, data showed and analysts said.The developments show how Western sanctions, aimed at punishing Russia over its invasion of Ukraine, are reshaping markets, allowing U.S.
VPS appointed Neil Chapman as the company’s Managing Director of the Americas.Chapman has a wealth of experience in Testing and Inspection, having worked for most of the major TIC companies during his 40 year career. More recently he has held senior commercial leadership roles and he has developed a deep understanding of how to deliver tangible value to clients and operating as a true partner
Responding to the UK Government’s announcement on the results of the Contracts for Difference Allocation Round 7, Neil Gordon, chief executive of Global Underwater Hub (GUH), said:“The award of a record 8.4GW of offshore wind capacity through AR7 is a positive step for the UK. It will play a critical role in delivering the country’s net-zero and clean energy ambitions
A consortium led by UK unmanned vessel developer ACUA Ocean has secured government support to develop a new 145-foot uncrewed offshore support vessel, aiming to scale up autonomous operations for offshore energy, logistics and surveillance.The Project MROS consortium, which includes Houlder, Ad Hoc Marine Designs, Trident Marine and the University of Southampton
The “Maritime Cyprus 2025” Conference featured a panel discussion, titled “Safeguarding Shipowners in a Rapidly Changing Environment”, organized by the Cyprus Shipping Chamber.Speakers included:Mark O’Neil (Columbia Group)Sebastian von Hardenberg (Bernhard Schulte Shipmanagement)Dieter Rohdenburg (InterMaritime Shipmanagement) and Jan Meyering (Marlow Navigation) Topics included decarbonization
Norwegian Cruise Line Holdings said on Thursday it appointed John Chidsey as its chief executive officer, effective immediately, replacing Harry Sommer, who is stepping down.The company said Chidsey, 63, who had served at the helm of Subway Restaurants for five years until December 2024 and Burger King Holdings, was appointed to Norwegian's board in 2025