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Greece
Venergy Maritime Shifts up a Gear With China LR2 Move
Venergy Maritime, a Greek shipping company established in 2021, is preparing to enter the aframax/LR2 tanker segment for the first time, according to shipbuildi…
China
COSCO Sells Vintage VLCC for Steep Discount
COSCO Shipping has sold the 2006-built, scrubber-fitted VLCC Cosgrand Lake (299,000 dwt) for around $35 million to undisclosed buyers, shipbrokers report.The Ja…
South Korea
Greek Owner JHI Steamship Books Aframax Tankers in South Korea
Greek shipowner JHI Steamship has placed its first-ever newbuilding order in South Korea, marking a milestone in the company’s fleet expansion strategy. T…
Malaysia
MISC Heralds Ammonia-Fuelled Tanker Design Incorporating Fuel Cell Technology
Malaysian shipping leader MISC and Samsung Heavy Industries (SHI) have secured an approval in principle (AiP) from Bureau Veritas Marine & Offshore (BV) for the…
China
Chinese Shipyard Starts Building Stolt Tankers’ Future-Proof Stainless Steel Vessels
Wuhu Shipyard, a subsidiary of China State Shipbuilding Corporation (CSSC), initiated construction of a 38,000 dwt stainless steel tanker for Norwegian operator…
LNG
Canada's First LNG Export Cargo Shipped to Asia
On Monday, a spokesperson for LNG Canada, led by Shell, announced that the country’s first liquefied natural gas (LNG) cargo departed from Kitimat, Britis…
China
Shanghai Jinghan Signs for Chemical Tanker Newbuilds
Shanghai Jinghan Shipping, a company managing eight chemical tankers, has announced plans to expand its fleet by ordering up to two new chemical tankers from Zh…
Crude Oil
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
India plans to invest 850 billion rupees (approximately $10 billion) through 2040 to acquire 112 crude oil carriers, according to sources familiar with the matt…
Norway
Marrying Sails and Biofuel, Odfjell Tanker Demonstrates ‘First’ Near Carbon-Neutral Transatlantic Voyage
Norwegian shipping company Odfjell reported that its chemical tanker, Bow Olympus, is crossing the Atlantic using a combination of wind-assisted propulsion and …
LNG
Hanwha Seizes Chance to Build US LNG Tankers
Hanwha Shipping, a South Korean shipbuilder, has announced plans to construct the first US-built liquefied natural gas (LNG) tanker at Philly Shipyard, which it…
Crude Oil
Venezuela’s Oil Flows Again, After a Week of Panic
Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long pause at the country’s ports. This follows U.S. tariffs imposed by…
Offshore Wind Power
Iberdrola Wins Approval for 315MW Windanker
Iberdrola, a Spanish energy company, has secured planning approval for its 315MW Windanker offshore wind farm in Germany. The Federal Maritime and Hydrographic …
LNG
LNG Canada to Start Cooldown of Plant Next Week in Final Step Before First LNG
An LNG tanker is expected to arrive in Canada on April 1 to start cooling down LNG Canada's plant in Kitimat, British Columbia, considered the final step be…
Oil & Gas Trade
Finland to Release Oil Tanker Suspected of Power Cable Breach
Finland will release an oil tanker which investigators believe broke a Baltic Sea power cable and four internet lines late last year, and will escort the vessel…
Crude Oil
Oil Exports From Russia’s Busiest Port Unencumbered by Sanctions
A crude oil tanker.Crude-oil exports from Russia’s main Pacific terminal remain robust as shippers and traders — yet again — work around a fresh batch o…
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