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UAE to Protect Energy Infrastructure, Invest in New Export Routes to Prepare for Iran War, Minister Says
The UAE will protect its energy infrastructure and invest in new export routes, storage capacity abroad and shipping fleets to be better prepared for the US-Israeli war on Iran, its energy minister said on Monday.
Şanlıurfa light rail construction contract awarded
TURKEY: Şanlıurfa municipality has let a contract to construct the first phase of the city’s future light rail system to a consortium of Sigma İnşaat, Emreray Enerji and Vestan İnşaat. The consortium submitted a winning bid of TL3.39bn, the lowest of seven bids received. Phase 1 involves construction of a 14 km north-…
OMV Petrom chief to exit as Neptun Deep nears first gas
Romanian oil and gas producer OMV Petrom is preparing for a leadership change as chief executive Christina Verchere has announced she will not seek another term, with her departure set to occur around the planned startup of the company’s flagship Neptun Deep gas development in the Black Sea. Verchere, who has led the …
Wallenius Wilhelmsen adds $700m Asian carmaker deal to contract haul
Norwegian car carrier giant Wallenius Wilhelmsen has secured a three-year shipping contract worth around $700m with a major Asian automaker, taking its newly announced contract wins to more than $1.7bn in the space of five days. The Oslo-listed group did not identify the customer but said the agreement builds on an ex…
AI models smarter than brightest scientists: OpenAI's Altman
Advanced artificial intelligence models have developed to become smarter than the brightest scientists, while being capable of performing significant portions of white-collar work,...
MSC adds three more megamaxes at Waigaoqiao
Mediterranean Shipping Co (MSC) has been linked to another three LNG dual-fuel megamax containerships at China’s Shanghai Waigaoqiao Shipbuilding (SWS), expanding its series at the CSSC-owned yard to 13 vessels. Shipbroking sources place the latest 21,700 teu newbuildings at around $210m apiece, valuing the additional…
New seafarers’ federation launched in India
A new federation bringing together Indian seafarer unions, welfare organisations and maritime charities has been established in Chennai with plans to coordinate action on crew abandonment, unpaid wages and seafarer safety. The International Transport Employees Federation (ITEF) was formed on October 31 following a mee…
World eroded its energy supply buffers since Iran war: ADNOC CEO
The world has eroded its supply buffers by depleting nearly 1 billion barrels of oil from global inventories since the U.S.-Israeli war on Iran disrupted shipping through the Stra...
Pakistan LNG Cargo Attacked Near Hormuz Had Iranian Approval
By Stephen Stapczynski Nov 1, 2026 (Bloomberg) –Pakistan negotiated with Iran to secure safe passage for liquefied natural gas carrier Al Mayeda before the ship was attacked near the Strait of...
Venture Global Begins Supplying Plaquemines Customers Under Long-Term LNG Contracts
By Curtis Williams HOUSTON, Nov 1 (Reuters) – Energy major Shell SHEL.L was the first customer to receive LNG under a long-term sales contract from Venture Global’s VG.N Plaquemines export plant in Louisiana, after it completed Phase 1 commissioning...
Shipping Strikes In Hormuz Leave Both Sides With Economic Pain
By Gerry Doyle Oct 31, 2026 (Bloomberg) –As US President Donald Trump threatens renewed attacks against Iran, Tehran’s intermittent strikes on commercial vessels have left the two sides locked in a painful...
Taiwan Says China Harassing Shipping With East Coast Patrol
TAIPEI, Nov 1 (Reuters) – China’s Coast Guard is harassing shipping with its latest patrol off Taiwan’s east coast and trying to exert a fictional jurisdiction, the Taiwanese Coast Guard said, adding it had sent its own ships to keep...
Russia Extends Ban On Most Diesel Exports Through January
By Bloomberg News Oct 31, 2026 (Bloomberg) –Russia’s government has extended a general ban on diesel exports by producers until the end of January while still allowing some volumes to flow...
Iran’s IRGC Navy Says Four Tankers Catch Fire In Strait Of Hormuz
DUBAI, Oct 30 (Reuters) – Iran’s Revolutionary Guards Navy said on Friday that four oil tankers had caught fire and exploded in the Strait of Hormuz, while attempting to use what it described as unauthorised routes,...
Strike Threat at Los Angeles, Long Beach Ports Delayed as Union and Employers Extend Talks
A potential strike threatening operations at some of the busiest container terminals in the United States has been pushed back after the Pacific Maritime Association (PMA) and the International Longshore...
How MARAD Cut Years Off Deepwater Port Reviews Without Changing Environmental Standards
As gCaptain reported earlier this week, the Maritime Administration (MARAD) announced its approval of the $8.2 billion Texas ST LNG export port application, a major development for U.S. energy production. But the announcement also highlighted another significant milestone: the fastest deepwater port license review in …
Grimaldi Warns U.S. Port Fees Could Force Ships Out of American Trades
Italian shipping giant Grimaldi Group is warning that reinstating U.S. port fees on foreign-built vehicle carriers could force it to redeploy vessels away from American trades, potentially disrupting shipping services...
Anti-War Protests Spread Across Global Ports as Dockworkers Target Arms Trade
Dockworkers across 113 ports in 22 countries staged coordinated strikes and protests Friday, disrupting cargo operations and ferry services as part of a global campaign opposing arms shipments to Israel...
Tanker Hit by Limpet Mines in Strait of Hormuz as New Threat to Shipping Emerges
A tanker transiting the Strait of Hormuz was attacked by a small boat that attached two explosive devices to its hull, triggering an engine room fire and temporarily disabling the...
Tanker in Strait of Hormuz Hit by Limpet Mines, Security Sources Say
A small boat attached two limpet mines to the hull of a tanker in the Strait of Hormuz causing a fire in its engine room and temporarily disabling the vessel, in the first successful use of such explosives in the waterway since the US war with Iran began in February, maritime sources said on Friday.
Oil majors count the cost of runaway tanker rates
Soaring tanker freight rates are taking an increasingly heavy toll on the world’s oil majors, with the latest quarterly results revealing billions of dollars in additional shipping-related liabilities, squeezed refining margins and losses on trading positions. Shell has disclosed a $5.4bn non-cash increase in its ship…