3+ day, 9+ hour ago   (208+ words) A court in the city of Madeira in Portugal has ordered that a cruise ship currently in long-term lay-up be put up for sale via sealed-bid auction. The object of the auction is the locally-registered Funchal, which has been owned…...

3+ day, 11+ hour ago   (161+ words) Kawasaki Kisen Kaisha (K Line) formally named a new LNG carrier during a ceremony in South Korea on Wednesday, September 9. Toho Emerald is owned by T.K. LNG Shipping, a joint venture formed by K Line and Toho Gas' wholly owned subsidiary…...

3+ day, 23+ hour ago   (368+ words) A squeeze in marine fuel supply at major shipping hubs has eased despite the Iran war curtailing exports out of the Strait of Hormuz, with the market working around earlier supply shocks, industry sources told the APPEC industry meet on…...

3+ day, 15+ hour ago   (498+ words) Oil prices jumped six per cent on Thursday, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight…...

3+ day, 16+ hour ago   (155+ words) Italian engineering contractor Saipem and consortium partner Jan De Nul have signed a letter of intent with ExxonMobil Mozambique for the Rovuma LNG Phase 1 development in Mozambique. The agreement, signed on behalf of Mozambique Rovuma Venture, covers preliminary engineering, procurement…...

3+ day, 23+ hour ago   (813+ words) Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption…...

3+ day, 23+ hour ago   (173+ words) The indigenous Nisg̱a’a and Tahltan Nations, together with Arrow Transportation Systems, have opened the Portland Canal Marine Terminal in Stewart, British Columbia. The deep-sea terminal provides an export route for minerals produced in the Golden Triangle region to international…...

4+ day, 1+ min ago   (181+ words) Vessel transits at the Strait of Hormuz fell slightly on Wednesday to seven, compared with the previous day's 12, preliminary shiptracking data showed on Thursday, with levels also lower than the 10-day average of 14. Out of these seven, four vessels exited…...

3+ day, 23+ hour ago   (153+ words) Thailand's SCG Chemicals has diversified its naphtha sourcing to cope with delivery disruption from the Strait of Hormuz, its CEO said on Thursday. SCG is buying mostly from India, Australia and Nigeria, CEO Sakchai Patiparnpreechavud said on the sidelines of…...

4+ day, 10+ min ago   (330+ words) The Port of Los Angeles set a new three-month volume record during June, July and August after retailers rushed in goods to avoid new tariffs and higher fuel costs, the executive director of the nation's busiest ocean container port said…...