Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips COP.N on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period. Since Russia's invasion of Ukraine in February, competition for LNG has become intense
QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February, competition for LNG has become intense
North and South Korea exchanged warning shots off the west coast on Monday, accusing each other of breaching their maritime borders amid heightened military tension.The South's Joint Chiefs of Staff (JCS) said it broadcast warnings and fired warning shots to see off a North Korean merchant vessel that crossed the Northern Limit Line (NLL), the de facto sea boundary, at around 3:40 a.m.
The United States on Friday imposed new sanctions following North Korea's latest missile launches this week, targeting a fuel procurement network that Washington said supports Pyongyang's weapons programs and its military.Friday's action targeted two Singapore-registered companies and a Marshall Islands-registered firm, the U.S.
TotalEnergies said on Thursday it had observed "unauthorized drone activity" near one of its offshore oil and gas installations in the North Sea.Denmark, has like other countries in the region, raised its safety level for its power and gas sector after several countries said two Russian pipelines to Europe spewing gas into the Baltic Sea had been attacked.
A U.S. aircraft carrier arrived in South Korea on Friday for the first time in about four years, set to join other military vessels in a show of force intended to send a message to North Korea.USS Ronald Reagan and ships from its accompanying strike group docked at a naval base in the southern port city of Busan ahead of joint drills with South Korean forces.
Members of the North and Standard Clubs have voted to approve the merger between the two marine insurance firms, creating one of the largest providers of mutual cover in the maritime industries.The P&I clubs, which revealed plans to merge earlier this year, each held special general meetings on May 27 where members voted to greenlight the move to join forces as a single, larger mutual insurer.
Houston-based Industrial Service Solutions (ISS) announced Thursday it is seeking bids from U.S. shipyards to build up to four hulls for what will become North America's first fully-electric towboats.The zero-emissions vessels, which will be constructed for New York-based Zeeboat and available for charter from 2025, will run entirely on battery power
The Biden administration on Wednesday will hold a wind energy auction for two areas off the coast of North and South Carolina, its second such offering this year.The sale is part of the government's broad push to put wind turbines in federal waters along every U.S. coastline and comes on the heels of a record February wind auction off the coast of New York and New Jersey that drew $4.
A software problem that blocked all ship traffic in the main channel between the Baltic and the North Sea on Sunday was not a hacker attack and has been fixed, a spokesperson for Germany's Kiel Canal Waterways and Shipping Authority said on Monday.The incident was caused by the installation of a new vessel traffic management software system, the spokesperson said.
North P&I and Standard Club revealed they have entered formal discussions for a proposed merger to create a new global marine insurer and one of the largest providers of mutual cover in the maritime industries. The combined mutual insurer would provide cover for vessels equivalent to 400 million GT.
Tug boats have towed free one of the world's biggest container ships, the Mumbai Maersk, which had run aground off the German island of Wangerooge in the North Sea, Germany's Central Command for Maritime Emergencies said on Friday."The Mumbai Maersk was towed free during a second attempt," the Central Command said in a statement on its website.