U.S. natural gas futures rose to a near four-week high on Wednesday, supported by forecasts for hotter weather and firm oil prices, while investors awaited a federal storage report due this week. Front-month gas futures for September delivery on the New York Mercantile Exchange rose 9.6 cents, or 3.5%, to $2.87 per million British thermal units, their highest level since July 24.
U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and after the release of a federal report showing last week's storage build was much bigger than expected.
Finnish marine propulsion company Steerprop remains as a supplier for a series of tugboats being built by Turkish shipyard group Med Marine, securing a repeat order for two Steerprop SP 175 T propulsors for the third vessel in the series.The contract follows a similar scope of delivery for the first two vessels
BOURBON announced the appointment of Olivier Blaringhem as Chief Executive Officer, effective September 14, 2026. He is succeeding Gaël Bodénès, who has held this position since 2017.Olivier Blaringhem has more than 25 years of international experience in maritime services, engineering, and major offshore projects.
Wilson Sons operates in the port and shipping logistics industry throughout Brazil, boasting more than 188 years of experience. They offer solutions to over 5,000 clients, including shipowners, importers and exporters, the offshore energy industry, renewable energy projects, the agribusiness sector, as well as other players across various economic segments.
GONDAN Shipbuilders placed an order with Steerprop for hybrid-capable azimuth units to be installed on a new high-performance tugboat, the first tug design from naval architect Skipsteknisk, for Norwegian shipowner Østensjø Rederi. Steerprop will supply dual-end versions of its SP 50 W D propulsors — the most powerful ducted units it has ever delivered — providing the vessel with the flexibility
In 2010, the Monterey Bay Aquarium Research Institute (MBARI) began the process of replacing its research vessel, R/V Western Flyer. With Glosten at their side as vessel designer, MBARI considered three types of ships for their new project. The Western Flyer was a small waterplane area twin hull (SWATH), but the parties agreed on a monohull design for the new vessel.
Hardik Gajjar, ENV SP, has joined HDR as maritime planning lead for the firm’s growing ports and maritime practice. Based in New Jersey, Gajjar will leverage his experience in maritime and intermodal planning to support port owners and operators around the globe as they pursue more efficient operations and smart infrastructure development.
Sea Machines Robotics Inc. is launching six new products to better serve customers calling for highly-adaptive marine autonomy. Included is a modernization and expansion of the SM300 hardware lines, two high-level software APIs, a real-time cloud-based fleet data platform, and an all-new, high performance 8-meter unmanned surface vessel (USV), the STORMRUNNER.
First High-Tech Exploration of Argentina’s Mar del Plata Canyon, Schmidt Ocean Institute’s Remotely Operated Vehicle SuBastian shines light on an offshore canyon in Argentine waters nearly twice as deep as the Grand Canyon — capturing images and video of 40 suspected new species, coral fields, and a seastar that resembled a famous cartoon character.
The Federal Maritime Commission (FMC) has issued a statement saying it is closely monitoring the impact the current conflict in the Middle East is having on shipping conditions through the Strait of Hormuz.Under its statutory authority, the Commission ensures that rates, charges, and rules that common carriers have implemented as a result of the threats to commercial shipping in the Strait and
On January 20, Brazil President Luiz Inácio Lula da Silva will sign contracts for the construction of vessels for the Mar Aberto Program, an initiative aimed at renewing and expanding the Petrobras fleet.Petrobras and Transpetro are contracting five gas carrier ships, in addition to 18 barges and 18 pushboats, in a total investment of R$ 2.