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Kyrgyzstan receives first rail shipment of Chinese gasoline to boost energy security

Railway shipments of gasoline from China to Kyrgyzstan launched

Trump's Russian Diesel Is a Legal Hot Potato With a Five-Year Fuse

A Malta-flagged tanker called the Agioi Fanendes left the Russian port of Primorsk on Oct. 22 carrying nearly 40,000 metric tons of ultra-low-sulfur diesel, and ship-tracking data has it arriving at the Port of New York and New Jersey on Nov. 7, four days after the midterm elections. Nobody has publicly said who bough…

Greek Containership Sunk by Naval Drones Off Bulgaria as Black Sea Attacks Escalate

A Greek container ship has sunk after being hit by naval drones off Bulgaria on Wednesday, the Bulgarian government said, in the latest of a series of strikes in the western Black Sea this month that have raised concerns about the widening scope of Russia's war in Ukraine.

QatarEnergy Continues LNG Buying Spree to Hedge Future Hormuz Disruptions

QatarEnergy is buying long-term supplies of liquefied natural gas from the US and other producers as part of a trading strategy designed to generate revenue if exports through the Strait of Hormuz are disrupted in the future, CEO Saad Sherida Al-Kaabi told Reuters on Thursday.

U.S. Pushes Nuclear Energy Expansion in Central Asia and Caucasus

The United States is making a fresh push to promote the use of American nuclear energy technology in Central Asia and the Caucasus. Shawna J. Wilson, Deputy Assistant Secretary of State for Security Programs, traveled to both regions recently for meetings with Armenian and Kazakh officials that explored ways to advanc…

Maritime Unions Sound Alarm Over Jones Act Waiver Compliance, Foreign Crews and National Security

Nine maritime labor organizations say the Trump administration’s prolonged Jones Act waiver raises serious questions about compliance with federal law, including reporting requirements, immigration restrictions and the use of foreign...

The CCS Project That Passed Every Test Except the Investment Test

Heidelberg Materials’ proposed carbon capture project in Edmonton appeared to contain almost every ingredient policymakers say a successful CCS development needs. It targeted cement, a hard-to-abate industry where most emissions come from the chemistry of producing clinker rather than simply burning fuel. A pilot conf…

Shell and Total Post Highest Quarterly Profit Since 2022

Shell and TotalEnergies reported on Thursday sharply higher third-quarter profits and raised share buybacks, as war-driven energy prices and record refining margins helped both beat expectations.

U.S. Shipbuilding Delays Push Empire Wind’s First Power Into 2027

Delays involving U.S.-built support vessels have pushed back turbine installation at Equinor’s Empire Wind offshore wind project off New York, with first power now expected in the first half of...

COSCO Profit Jumps Most in Two Years as Turmoil Supports Rates

(Bloomberg) — Cosco Shipping Holdings Co. earnings jumped the most in two years as persistent geopolitical disruptions rerouted trade routes, tying up more of its vessels for longer while container...

Lawmakers Vow to Block Use of Training Ship Golden Bear for Deportations

Two California lawmakers are demanding that the Trump administration abandon reported plans to use ships for mass deportations, including the former Cal Poly Maritime Academy training vessel Golden Bear. Reps....

Cheniere LNG Shipments Surge as Iran War Reshapes Global Gas Trade

U.S. LNG giant raises full-year earnings outlook as Middle East supply disruptions boost demand for American exports Cheniere Energy, the largest U.S. exporter of liquefied natural gas (LNG), reported a...

SFL adds $365m newbuild trio with $333m in charter cover

John Fredriksen-backed SFL Corporation has agreed to acquire three newbuildings for around $365m, securing long-term employment that will add at least $333m to its charter backlog. The New York-listed shipowner said the latest investment covers two 8,800 teu containerships scheduled for delivery in 2027 and a 93,000 c…

Korean carrier Namsung returns to China for larger boxships

South Korea’s Namsung Shipping has been linked to another containership order in China, with brokers reporting a deal for two firm 7,100 teu vessels at Dalian Shipbuilding Industry Corporation (DSIC), plus options for another pair. Shipbroking sources said the CSSC-owned yard had secured the contract, with deliveries …

India greenlights $1bn drive to break China’s container manufacturing dominance

India has approved a INR100bn ($1.05bn) programme to massively expand domestic shipping container manufacturing, targeting a tenfold increase in annual capacity as New Delhi seeks to challenge China’s near-monopoly over the industry. The country’s cabinet approved the Container Manufacturing Promotion Scheme yesterday…

Boluda strikes deal to acquire Samskip

Spanish shipping group Boluda has agreed to acquire Netherlands-headquartered multimodal operator Samskip, bringing together two major European shortsea businesses in a deal spanning 32 vessels and 18 routes. Boluda Shipping said the acquisition would combine its container shipping network with Samskip’s northern Euro…

Maritime CEO Forum: Tanker owners see more upside

Tanker owners remain broadly bullish on the extraordinary freight market despite soaring asset prices, an ageing fleet and mounting geopolitical risks. Speaking at the Maritime CEO Forum at the Yacht Club de Monaco on Tuesday, leading tanker executives debated the warning signs that could signal an end to the boom, th…

Drone-hit boxship sinks off Bulgaria

The Greek-managed containership Contship Jet has sunk off Bulgaria after being struck by three sea drones yesterday, as Russia claims further attacks on merchant vessels heading towards Ukrainian ports. The Liberian-flagged vessel, operated by Contships Management, was sailing from Haifa to Constanta when it was attac…

How Trump’s Russian Diesel Could End Up in Cuba Instead

The tanker billed as the first to carry Russian diesel to the United States under Donald Trump’s deal with Vladimir Putin has dropped New York as its destination. The Malta-flagged Agioi Fanendes left Primorsk on October 22 with about 40,000 metric tons of ultra-low-sulfur diesel, due in New York on November 7. Lloyd’…

Los Angeles, Long Beach Ports Identify LNG and Methanol as Leading Alternative Marine Fuels

The ports of Los Angeles and Long Beach have identified liquefied natural gas (LNG) and methanol as the most viable alternative marine fuels for the near and medium term, with...

China Secures Massive Discount on Russian Gas as Moscow’s Leverage Weakens

Russia is giving China a huge discount on natural gas purchases, underscoring the Kremlin’s fiscal dependency on Beijing. The Moscow Times (MT), citing Russian Duma documentation, shows that China will pay an average of approximately $248 per thousand cubic meters of pipeline gas in 2026, compared with $562 for Gazpro…

U.S. Senator Demands Russian Diesel Tanker Turn Around as Legal Fight Escalates

U.S. Senator Richard Blumenthal (D-Conn.) is demanding that a tanker reportedly carrying Russian diesel to the United States reverse course, warning its owner that delivering the cargo would violate federal...

MARAD Approves $8.2 Billion Texas LNG Export Port in Record-Time Review

The Trump administration has approved an $8.2 billion offshore liquefied natural gas export project off the Texas coast, marking a major milestone for its effort to speed up deepwater port...

Russia Turns to Arctic WW2 Route to Export Grain

Russia, the world's largest wheat exporter, has turned to an Arctic World War II shipping route to export grain for the first time as the conflict in Ukraine stalls Black Sea trade and officials warn of risks in the NATO-controlled Baltic Sea.

US Tells Ships to Avoid Unnecessary Transits Through Hormuz

(Bloomberg) — The US military said vessels that have no need to move between ports in the Gulf of Oman and the Strait of Hormuz should stay away, as tensions...

Scorpio Tankers Reports $181,000-a-Day LR2 Rates as Middle East War Upends Oil Trade

Scorpio Tankers is reporting a sharp surge in tanker earnings as the war in the Middle East disrupts global oil flows, with its LR2 product tankers securing bookings averaging $181,000...

Russia To Begin Year-Round Arctic Northern Sea Route Shipping in Early 2027

Russia expects to begin regular year-round eastbound shipping along the Northern Sea Route in early 2027, as additional nuclear icebreaker capacity, newer ice-class LNG carriers and pressure to redirect energy exports toward Asia bring the long-delayed ambition closer to reality.

Drones Hit Container Ship off Bulgaria, Crew Safe and Ashore

Sea drones struck a container ship off Bulgaria's Black Sea coast on Wednesday, the ship's owner and the government said, the latest in a string of attacks that have raised concerns about the growing scope of Russia's war in Ukraine.

Iran Eyes $130 Oil While at Least 50 Tankers Sit Stuck in the Gulf

An oil price of $130 per barrel could be one of the scenarios of Iran’s economic planners preparing the budget for the next Iranian year starting March 2027, according to Iranian media. It is not clear yet what baseline Iranian economists will use in next year’s budget, but the Plan and Budget Organization may include…