Police in southern India on Tuesday ramped up security around the $900 million transhipment port being built by billionaire Gautam Adani's conglomerate after scores of people were injured in clashes with protesters from a Christian fishing community.Co...
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Chevron Can Resume Key Role in Venezuela’s Oil Output, Exports
Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States.The decision grants broader rights for the last bi...
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CMA CGM Sees Profits Ebbing as Shipping Boom Fades
CMA CGM said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending, and this will reduce its profitability following an earnings surge in the past year.French-based CMA CG...
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Ship Recycling: Duties Reduced, Prices Down
After the announcement by the Indian government that they would reduce export duties on iron ore and steel products, the Alang market surged by Rs. 4,000 (about USD 49) in a single day, only to come crashing down in subsequent days to the tune…
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LNG Backlog at Spanish Ports Has Eased
Spanish gas grid operator Enagas said on Friday a backlog at its terminals that had forced it to warn it could reject deliveries of liquefied natural gas (LNG) had eased.On October 17, Enagas had issued a special situation notice due to unexpectedly fu...
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Rotterdam Port to House Battolyser Plant for Green Hydrogen Production
The Port of Rotterdam on Monday said it will help develop a 14,000 square metre factory for Battolyser Systems, a company that designs combined battery and green hydrogen production machines.Financial terms were not disclosed.The port, which…
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Stena Line Expands Its Ireland-France Ferry Service
Stena Line announced it is increasing capacity Ireland-France route with the addition of an extra vessel starting in June 2023.“Ahead of what is expected to be a busy summer in 2023, we will be doubling our sailing frequency and tripling our…
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Video: Overboard Cruise Passenger Recovered in the Gulf of Mexico
A passenger who fell overboard from a cruise ship in the Gulf of Mexico was rescued Thursday after a day of treading water, the U.S. Coast Guard said.Watchstanders at Coast Guard Sector New Orleans received a call from the Carnival Valor at approximate...
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DOF Charters Havila Phoenix CSV. Wins Contracts in Atlantic Region
Offshore vessel operator DOF Group is pleased to announce multiple new contracts in the Atlantic region and the long-term charter of the construction support vessel Havila Phoenix.In the Atlantic region, DOF said it had secured an Integrated…
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Russia Oil Turmoil Seen Driving Tanker Market Higher
Tough new sanctions on Russian oil shipments taking effect from December are likely to boost already high tanker rates as buyers race to replace cargoes and are forced to use longer routes, a leading ship manager said.In the latest action against…
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