Platts, part of S&P Global Energy, has updated the formulas to derive its netback and net forward assessments to reflect 2026 Worldscale rates. The changes to the formulas are effective Jan. 2 for the following assessments: High sulfur fuel oil The outright rate used to calculate FOB NWE HSFO cargoes (PUABB00) as a freight netback …
Platts updates European fuel oil, feedstocks 2026 netback formulas Read More »
Great Eastern Shipping Company is riding a strong pickup in tanker rates, but it is not rushing into big capital expansion plans. Instead, the focus is on making the most of the upcycle while keeping the balance sheet steady. That approach, G Shivkumar, Executive Director and Chief Financial Officer of GE Shipping, said, explains the …
GE Shipping sees strong tanker rates, stays cautious on expansion Read More »
The Ministry of Public Infrastructure and Industries (MPII) reaffirmed that the Palau Open Ship Registry continues to operate normally under the authority of the Government of the Republic of Palau, with all registry services being delivered without interruption through the Bureau of Marine Transportation. Since 15 December 2025, the Bureau of Marine Transportation has ensured …
At a moment when European shipping is under pressure to prove both its resilience and strategic relevance, the European Community Shipowners’ Association (ECSA) marked 60 years of institutional presence with a clear message that competitiveness, regulatory realism and a stronger collective voice will determine the sector’s future. Speaking in Brussels, European Commissioner for Sustainable Transport …
EU shipping leaders warn of ‘regulatory overload’ Read More »
The government has decided to transfer the state-run Pakistan National Shipping Corporation’s (PNSC) management to the military-run National Logistics Corporation (NLC), officials confirmed on Thursday, saying the move is expected to save $6 billion that Islamabad currently pays in foreign freight annually. A week earlier, Prime Minister Shehbaz Sharif’s government sold 75 percent of its …
Pakistan Army’s logistics firm to run national shipping corporation, confirm officials Read More »
AF Offshore Decom (AFOD), a subsidiary of AF Gruppen, has landed a new decommissioning project on the UK Continental Shelf (UKCS) with Ithaca Energy, a North Sea oil and gas operator and producer. The post Ithaca Energy books AF Offshore for North Sea decom gig appeared first on Offshore Energy.
Bermuda-headquartered crude oil tanker company DHT Holdings has taken delivery of the first of […] The post DHT Holdings takes delivery of first of four South Korea-made VLCCs appeared first on Offshore Energy.
China-based provider of clean energy services Wison New Energies (WNE) has held a hull launching ceremony at its Nantong Yard for a floating liquefied natural gas (FLNG) facility being built for Malaysia’s investment holding and management player Genting. The post With hull now done, Asian FLNG moves to next construction stage appeared first on Offshore Energy.
Brazilian state-owned oil and gas giant Petrobras has brought online the seventh segment of its giant oil field project off the coast of Brazil, with the start-up of another floating production, storage, and offloading (FPSO) vessel. The post First oil flows from Petrobras’ new FPSO at one of world’s largest deepwater fields appeared first on …
First oil flows from Petrobras’ new FPSO at one of world’s largest deepwater fields Read More »
Consolida su posición como principal exportador mundial, con Europa como principal destino
