Api News

The American Petroleum Institute (API) and the National Ocean Industries Association (NOIA) released a new report, Unlocking the New South-Central Gulf of America for Energy Development: Potential Economic Impacts and Opportunities, highlighting the opportunity to strengthen U.S. energy security and economic growth through expanded energy development in the New South-Central region of the Gulf of America.The report, prepared by Energy and Industrial Advisory Partners (EIAP), finds that extending responsible oil and natural gas development in the region…

Oil prices jumped on Wednesday with Brent trading above $100 a barrel, erasing earlier losses following reports of gunfire attacks on at least three container ships in the Strait of Hormuz.Brent crude futures LCOc1 were up $1.59, or 1.6%, at $100.07 a barrel at 0842 GMT. West Texas Intermediate futures CLc1 rose $1.51, or 1.7%, to $91.18. Both benchmark contracts rose about 3% on Tuesday.At least three container ships were hit by gunfire in the Strait of Hormuz on Wednesday, maritime…

Singapore has launched OCEANS-X, a new data and application programming interface (API) eXchange platform developed by the Maritime and Port Authority of Singapore (MPA).It enables secure system-to-system connectivity across the maritime ecosystem, allowing maritime companies and government agencies to exchange trusted data directly. This in turn enables integrated digital services for better service delivery, more efficient port operations, smoother trade flows, and stronger…

Sofar Ocean, a leading ocean intelligence platform, launched Spotter Scout, a rugged, solar-powered uncrewed surface vehicle (USV) built by Online Oceans, a UK-based marine robotics company, that enables persistent ocean sensing in remote and deep water locations—no moorings, crew, or depth limits.Remote ocean monitoring is typically expensive and complex. Traditional mooring systems are hard to deploy, maintain, and relocate, and often cost more than the sensors they support. This makes them difficult to justify for shorter-term deployments.Spotter Scout removes these constraints.

C&C Marine & Repair has delivered CTOW 330, a new double-hull tank barge designed for bunker service and built to support modern fuel-handling requirements across lakes, bays, and sounds service routes to Colonial Towing.Measuring approximately 297'06" x 54'00" x 16'00", CTOW 330 has a nominal cargo capacity of about 28,000 U.S. barrels and features a flush deck extending the full length and breadth of the vessel. The barge is designed for U.S. Coast Guard authorization for Subchapter “D” cargoes…

The IMO Facilitation Committee (FAL) has approved a global strategy for maritime digitalization as well as cybersecurity measures for maritime single windows.Meeting in London for its 50th session (23 - 27 March), the Committee approved the IMO Strategy on Maritime Digitalization which emphasizes interoperability, system standardization, data-sharing and effective data governance across organizations and jurisdictions.The Strategy establishes maritime digitalization as an overarching IMO policy…

Oil prices slid about 2% on Thursday after U.S. President Donald Trump softened threats against Greenland and Iran, and as investors assessed the supply-demand outlook.Brent futures fell $1.01, or 1.6%, to $64.23 a barrel at 11:26 a.m. EDT (1626 GMT). U.S. West Texas Intermediate (WTI) crude fell 96 cents, or 1.6%, to $59.66 a barrel, headed for its lowest close since January 15.Trump said he had secured total and permanent U.S. access to Greenland in a deal with NATO, whose head…

SevenCs GmbH, a provider of maritime charting solutions, announced the release of Nautilus ChartServer, its chart rendering engine designed to meet the evolving demands of maritime, defense, and autonomous navigation applications.Building on the WMS ChartServer, Nautilus ChartServer introduces a modern, scalable architecture that is fully S-100-ready, supporting current standards such as S-57, S-101 ENC, IENC, AML, and future S-102 bathymetric surfaces, while paving the way for future S-100-based products.Benefits of the Nautilus ChartServer include:S-100 Ready: Supports S-57, S-101, IENC, AML

StormGeo, a provider of weather intelligence and maritime decision-support solutions, announced the launch of its Next Generation s-Insight Bunker Management platform, a step forward in digitalizing and optimizing bunker planning and procurement for the global shipping industry.Built to empower commercial operators to optimize every stage of the bunker value chain, the NextGen platform unifies planning, procurement, and compliance into a single workflow that enhances collaboration…

Maritime intelligence company Pole Star Global has launched three new products — Meridia, Meridia IQ, and Insights Data Products — forming a unified ecosystem that integrates maritime analytics, generative AI, and data delivery.Together, these solutions empower shipping companies, governments, and financial institutions to act on trusted intelligence in real time — improving safety, compliance, and operational performance across global maritime domains, says Pole Star Global.Meridia: A maritime analytics platform that consolidates port, zone, and vessel analytics into one environment.

ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navilands Group to provide a single integrated platform to help streamline compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.Navilands will implement the Carbon Diligence suite, part of the new ABS Wavesight Advantage platform, across a selection of bulkers and containerships, with further expansion planned by year-end.As of January 1, 2025…

ABS Wavesight, the ABS-affiliated software-as-a-service (SaaS) company, has been chosen by Navios Maritime Partners L.P. to provide a single integrated platform to support compliance with the FuelEU Maritime Regulation and EU Emissions Trading Scheme (ETS) requirements.As of January 1, 2025, companies with ships calling on EU ports must collect and report key fuel-related data in preparation for EU submission deadlines. The ABS Wavesight platform offers a seamless experience that…

In a milestone for the green fuel economy, Fortescue, in collaboration with Trovio and the Green Hydrogen Organisation (GH2), has completed the issuance of the world’s first digital fuel certificate for an ammonia-to-ship transfer. The transaction involved the Fortescue Green Pioneer, the first ocean-going dual-fueled ammonia powered vessel, during a recent fuel transfer operation at the Port of Rotterdam.While attention has been directed towards the engineering and safety protocols surrounding ammonia as a maritime fuel…

U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey's southeastern Diyarbakir Basin, the Turkish energy minister said.If confirmed, such reserves would place Turkey above some OPEC members such as Congo or Gabon, and other major producers such as the UK.Continental Resources and Turkish national oil company TPAO signed a joint venture agreement in March to develop shale fields in the basin."Turkey's current annual (crude) oil import amounts to 365 million barrels.

The Trump administration published a long-awaited environmental assessment on Tuesday that found that vessel strikes related to oil and gas drilling in the Gulf of Mexico are likely to jeopardize the existence of the endangered Rice's whale.The analysis, known as a biological opinion, governs how endangered and threatened marine species should be protected from oil and gas activities in the region, which President Donald Trump has renamed the Gulf of America.There are an estimated 51 Rice's whales in the Gulf…

U.S. energy groups are asking President Donald Trump's administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.The U.S. is the world's No. 1 LNG exporter at $34 billion annually and the Trump administration has been a supporter of the industry in his push for energy dominance.In a move that shocked the industry, the U.S.

The International Chamber of Shipping (ICS), Lloyd’s Register OneOcean (LROO) and the Maritime Industry Authority (MARINA) of the Republic of the Philippines Department of Transportation, have agreed to explore the integration of seafarer certification systems and to develop a mobile phone app.The aim is to test the feasibility of a digital system where all seafarer certificates can be securely stored and consolidated, allowing real-time access for all key stakeholders.This would reduce administrative burdens associated with paper-based seafarer endorsement and verification…

Oil rose almost 1% on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, and supported by an industry report showing a decline in U.S. crude inventories.Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, Reuters reported on Tuesday, citing two sources, as Beijing ramps up fiscal stimulus to revive a faltering economy.Brent crude futures rose 48 cents, or 0.7%, to $74.06 a barrel by 1445 GMT. U.S. West Texas Intermediate crude was at $70.72, up 0.9%, or 62 cents, from Tuesday's pre-Christmas settlement."I see two factors supporting oil prices.

Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained cautious ahead of a U.S. Federal Reserve decision on interest rates.Brent futures fell 90 cents, or 1.2%, to $73.01 a barrel by 1:36 p.m. EST (1836 GMT), while U.S. West Texas Intermediate crude slipped 86 cents, or 1.2%, to $69.85. That puts both crude benchmarks on track for their lowest closes since Dec. 10 and cut the premium of Brent over WTI to a 12-week low of $3.56 a barrel, based on the February contracts.Analysts have said when Brent's premium over WTI falls below $4 a barrel, it does not make economic sense for energy firms to send ships to pick up U.S. crude, which should result in lower U.S.

BlueBox Systems, developers of intelligent freight tracking solutions, has further developed its BlueBoxCargo tracking platform.The new features include the tracking of CO₂ emissions for sea freight, simplified shipment registration for smaller customers and extended analysis options that further optimize decision-making for customers. This includes, for example, a new routing function for air freight customers. The enhancements give customers access to even more precise and comprehensive…

U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers, industry and national security.Canada and Mexico are the top sources of U.S. crude oil imports, together accounting for around a quarter of the oil U.S. refiners process into fuels like gasoline and heating oil, according to the U.S. Department of Energy.The U.S.

Danish maritime digitalization scale-up Danelec and supplier of innovative e-navigation and vessel performance software NAVTOR have teamed up to advance maritime operations digitalization with the integration of high-frequency data collection and digital logbook solutions.The latest collaboration brings together Danelec's high-frequency data collection infrastructure, Danelec Collect, with NAVTOR's enhanced Digital Logbook solution, creating a seamless bridge between real-time…

INTERCARGO, the International Association of Dry Cargo Shipowners, has announced significant changes to its leadership following its annual general meeting. The new appointments will take effect from January 1, 2025.In recognition of their distinguished service, Dimitrios Fafalios has been appointed Honorary Chairman following six years as Chairman. Fafalios, President of Fafalios Shipping, has led INTERCARGO through significant developments in the shipping sector since 2019,…