Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has updated its timeline for bringing back online an oil field off the coast of Benin that ceased production due to low oil prices in the late 1990s. The post African field days away from flipping oil production …
Nuclear-powered DP vessels are a technically feasible solution and are achievable, the Nuclear Propulsion […] The post Nuclear-powered vessels are achievable, Norwegian-led study confirms appeared first on Offshore Energy.
Asia Pacific Maritime (APM), Asia’s premier exhibition and conference for Shipbuilding & Marine, Workboat, Offshore, and Electric & Hybrid Marine, will return for its 19th instalment, from 25-27 March 2026 at Marina Bay Sands, Singapore, with its largest edition to date. Anchored by the theme “Future of Vessels, Solutions for Tomorrow”, APM 2026 is set …
LNG The LNG spot market remained under pressure this week, with rates continuing to decline across all major routes. A lengthy tonnage list and limited fresh cargo activity continued to weigh on sentiment, particularly in the Atlantic, allowing charterers to push rates lower. On the BLNG1 Australia–Japan route, 174,000 cbm vessel earnings fell by $4,300 …
Storing oil is a growing industry as governments worldwide seek to safeguard energy supplies, and traders increasingly rely on physical inventories to support their market strategies, adjusting to changing economics and geopolitics, according to industry analysts. Commercial oil storage witnessed significant growth in 2025. According to Ursa Space Systems, global commercial oil storage reached 1.07 …
Oil storage expands globally as energy security, trading drive demand Read More »
Frontline plc is pleased to announce that it has entered into one-year time charter-out agreements for seven of its VLCCs. The charters will commence during the period from late-January to April 2026 at a rate of $76,900 per day per vessel. Lars H. Barstad, Chief Executive Officer of Frontline Management AS, commented: “We are in …
FRO – Time Charter-Out Contracts for Seven VLCCs Read More »
Stolt-Nielsen posts 4Q figures next week. Geopolitical uncertainties revolving around Greenland remain, despite President Trump refraining from imposing tariffs on several European nations. Nonetheless, the share price has gained over the month. Resilient business model and stable MR rates should limit the swing tonnage to chemical tanker markets. Thus, we reiterate Buy recommendation at a …
Stolt-Nielsen: Stable shipping rates limit volatility Read More »
Brazil’s state-owned bunker supplier Petrobras, together with its logistics subsidiary Transpetro, has awarded multiple shipbuilding contracts under a fleet expansion programme that includes new bunker barges. As part of the programme, Manaus-based Bertolini Construção Naval da Amazônia shipyard has been contracted to build 18 barges. The first vessel is scheduled for delivery three months after …
La marina sanroqueña consolida su papel como referente nacional e internacional a través de su participación en foros estratégicos, proyectos de colaboración, redes de destinos y certificaciones de sostenibilidad en la Feria Internacional de Turismo Puerto Deportivo Sotogrande ha desarrollado una intensa agenda institucional y profesional durante su participación en la 46ª Feria Internacional de …
Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, has made its first foray into the liquefied natural gas (LNG) market with a strategic deal with Argent LNG, a U.S.-based energy company dedicated to developing LNG export solutions, to participate as an integrated engineering service provider in the development of an LNG …
Italian firm dips its toes into LNG market by joining 25 mtpa project in Louisiana Read More »
