The LNG spot market softened this week, with the familiar seasonal pattern of rate declines emerging as the market moved further into Q1 fixing. After the strong finish to last year, the tonnage list seems to be lengthening, putting downward pressure on rates, particularly in the Atlantic. On the BLNG1 Australia–Japan route, 174k cbm rates …
Platts, part of S&P Global Commodity Insights, has changed the basis port of the CIF Mediterranean Marine Fuel 0.5% Cargo assessment (MFCMM00) from Genoa to Algeciras, effective Jan. 2, 2026. This follows a proposal published on Aug. 22, 2025, available here: Platts proposes to change CIF Mediterranean Marine Fuel 0.5% Cargo basis port to Algeciras, …
Platts changes CIF Mediterranean Marine Fuel 0.5% Cargo basis port to Algeciras, Jan 2 Read More »
Saudi Arabia has scored remarkable achievement in the maritime transport sector during the year 2025, with its fleet recording a 32 percent growth rate compared to 2024. By this, the Kingdom secured second place globally in terms of the highest growth rates among the G20 countries. This rapid growth is attributed to the continuous development …
Saudi Arabia ranks second among G20 with 32% growth in maritime transport Read More »
ITOCHU Corporation announced that it has signed a memorandum of strategic partnership with Mitsui O.S.K. Lines, Ltd. (headquartered in Minato-ku, Tokyo; Takeshi Hashimoto, Representative Director, President and CEO; hereinafter “MOL”) to advance the use of environmental attribute certificates*1 for decarbonization in the transportation sector. With the conclusion of this memorandum, both companies will collaborate in …
Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, is planning to start oil production from an oil field off the coast of Benin by the end of January 2026. The post African offshore oil field set to come online by month-end appeared first on …
African offshore oil field set to come online by month-end Read More »
Vard, the Norwegian shipbuilding subsidiary of Italy’s Fincantieri Group, has been hired to build four new multi-purpose robotic vessels (MPVs) for Ocean Infinity, a Houston-based marine robotics company. The post Ocean Infinity puts Vard on multi-purpose robotic vessel quartet construction duty appeared first on Offshore Energy.
Administrativo\a de Transporte Marítimo – Palma Ubicación: Palma (España) Tipo de Contrato: Fijo Discontinuo Sector: Logística, transporte y comercio Vacantes: 1 Disciplina: Otros Modalidad de trabajo: Presencial Inscríbete a Administrativo\a de Transporte Marítimo | Talent Clue La entrada Administrativo\a de Transporte Marítimo – Palma se publicó primero en Actualidad Marítima y Portuaria.
French provider of tubular solutions Vallourec has secured a new deal with the UK-headquartered energy giant Shell for the supply of oil country tubular goods (OCTG) products and services for offshore operations related to the development of a giant deepwater project off the coast of Brazil. The post Shell hands out more work to Vallourec for subsea …
Shell hands out more work to Vallourec for subsea oil & gas project Read More »
The transaction marks Enviros’ first European acquisition and strengthens offshore survey and AUV operations […] The post Enviros Group strengthens Mediterranean presence with Lighthouse S.p.A acquisition appeared first on Offshore Energy.
OceanMight, a subsidiary of Sarawak-headquartered KKB Engineering, has been tasked with handling a segment of the construction of a fixed offshore structure and host tie-in at a greenfield development (GFD) project off the coast of Malaysia. The post Asian firm gets construction job for Malaysian offshore project appeared first on Offshore Energy.
