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Acteon brings Upstream Engineering into its fold, upping offshore engineering ante

The UK-headquartered Acteon, a provider of data-driven, engineering-led solutions across the lifecycle of offshore energy infrastructure, has bolstered its offshore engineering capabilities with the acquisition of Houston-based Upstream Engineering, which offers engineering and project management services to the upstream and midstream oil and gas sectors.

Asia’s LSFO cash premium at record high as Middle East war triggers supply woes

Asia’s low sulfur fuel oil cash differentials surged to an all-time high as the US-Israel war with Iran cut Middle East supplies, prompted Asian refiners to trim production, and led countries to hold back near-term exports to safeguard their oil reserves. Platts assessed the cash differential for Singapore marine fuel 0.5%S cargo over the Mean …

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Enhancing transparency in Port State Control through an updated data-exchange agreement

A key step to enhance transparency and cooperation in Port State Control (PSC) took place at IMO Headquarters in London (26 February), with the signing of an updated data-exchange agreement between IMO and the Paris Memorandum of Understanding on Port State Control (Paris MoU). The agreement was formalized by IMO Secretary-General Arsenio Dominguez and Paris …

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Southeast Asia floating storage declines in Feb as Iranian barrels clear before Middle East war

Floating storage of crude and condensate in Southeast Asian waters has fallen sharply from the end-2025 record, led by a draw-down of Iranian barrels, according to S&P Global Commodities at Sea(opens in a new tab) data. As of end-February, volumes held on tankers stationary for more than seven days in Southeast Asia declined to 49.2 …

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CER and ESPO join forces to strengthen Europe’s port–rail interface

The Community of European Railway and Infrastructure Companies (CER) and the European Sea Ports Organisation (ESPO) today present a joint position paper outlining shared priorities to strengthen the connection between Europe’s railways and its ports and enhance the performance of hinterland logistics chains. Europe’s ports and railways are central pillars of the European transport system. …

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