Equinor has decided to end its offshore wind business activities in Japan, where it has been since 2018 but has failed to win any leases in successive auctions, and close its Tokyo office by the end of 2026.Orsted, the world's largest offshore wind developer, exited Japan in 2024 and Equinor has previously scaled back offshore wind development in markets including Vietnam, Spain
Brazil's state-controlled oil company Petrobras has signed a $427 million contract through its logistics subsidiary Petrobras Transporte (Transpetro) with the Rio Grande Shipyard for the construction of four medium range tankers as part of a broader program to renew and expand its shipping fleet.
A flourishing cruise market and European shipbuilders’ unerring contractual success in the sector has taken orderbooks into the middle of the next decade, ensuring production continuity and underpinning fresh capital expenditure and R&D commitments by the continent’s foremost players.
Pakistan said on Sunday it was preparing to host "meaningful talks" to end the conflict over Iran in coming days even though Tehran earlier accused Washington of preparing a land assault while seeking negotiations.Speaking after talks between regional foreign ministers, Pakistan's Foreign Minister Ishaq Dar said they had covered possible ways to bring an early and permanent end to the war in the
At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz.But beneath that surface symmetry lies a critical imbalance. The global gas supply chain has fewer rerouting options and less storage capacity than the oil market - making the fallout for gas consumers considerably more
Swan Defence and Heavy Industries Limited (SDHI) has announced it will complete five offshore support vessels (OSVs) for Kakinada-based San Maritime India, marking a further step in the revival of the Pipavav shipyard.San Maritime has begun docking the vessels at SDHI’s yard in Pipavav for completion under IR Class, after which the ships are expected to serve offshore industry demand.
A newly built very large gas carrier (VLGC) was named Lucent Pathfinder at a ceremony held at Kawasaki Heavy Industries’ Sakaide Works, marking the seventh dual-fuel LPG carrier using LPG ordered by NYK.The vessel, which will be chartered by United Arab Emirates-based LPG trader BGN INT DMCC
China's trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump's tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging.Shipments to the United States dropped by close to one-third from the same month a year before."The tariff cuts agreed under the U.S.
China's sanctions against five U.S.-linked affiliates of South Korean shipbuilder Hanwha Ocean are seen as a warning gesture without immediate impact, and Beijing is unlikely to gain much by expanding them, analysts said on Wednesday.The move, announced on Tuesday when the U.S. and China began charging additional port fees targeting each other's vessels
ElbFeeder, a joint venture of the Icelandic transportation company Eimskip and German listed ship-owner Ernst Russ, signed contracts for a pair of 2,280-TEU container vessels with the shipyard China Merchants Jin Ling Shipyard (Nanjing) Co. Ltd. The newbuildings will be an addition to the ElbFeeder joint venture and expand it to a total of nine vessels.
The US Coast Guard Investigative Service (CGIS) has arrested the captain of the 8,814-TEU container ship MSC Jubilee IX for suspicion of operating the vessel while intoxicated following a boarding at Terminal 5 in Seattle, August 20.Watchstanders at Coast Guard Sector Puget Sound were notified by a Puget Sound Pilot aboard the MSC Jubilee IX
Sinobunker, one of COSCO Shipping’s subsidiaries, has completed the world’s first green ammonia bunkering operation at COSCO Shipping Heavy Industry’s Dalian terminal.The ammonia was sourced from the world’s largest green hydrogen and ammonia plant established by Envision in Chifeng and powered entirely by the world’s largest independent renewable energy system.