Following Big Loss in 2025, Oil Steadies
Oil prices steadied on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks including the war in Ukraine and Venezuela exports.Brent crude futures LCOc1 dropped 4 cents on Friday to $60.81 a barrel by 1029 GMT while U.S. West Texas Intermediate crude CLc1 was down 3 cents at $57.39.Russia and Ukraine traded allegations of attacks on civilians on New Year's Day despite talks overseen by U.S.
See You in Court: Orsted Challenges Halt on $5B Offshore Wind Project
On Friday, January 2, 2026, Orsted said it was challenging the U.S. government's suspension of the lease for its Revolution Wind joint venture and would seek a court injunction against the decision to halt its $5 billion offshore wind project.The Trump administration suspended leases on December 22 for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns…
Shipbuilding: DHT Accepts New VLCC
DHT Holdings, Inc. has taken delivery of a VLCC newbuilding from Hanwha Ocean Co., Ltd. The vessel is named DHT Antelope and is entering the spot market. It is the first of a series of four VLCC newbuildings to be delivered to the company during the first half of 2026. The newbuildings are fully funded and will increase the Company’s customer offerings and earnings power. The next newbuilding is scheduled to deliver early March 2026.
Silja Symphony Passenger Vessel in for Service
The Tallink Silja Line passenger ship Silja Symphony will undergo regular technical maintenance from January 7 to 28, 2026.Silja Symphony will visit the BLRT shipyard in Klaipėda, Lithuania for a scheduled dry-docking. The ship's integrated automation system and navigation systems will be upgraded, and regular maintenance will be performed on her underwater parts.“At Tallink, we prioritize innovations…
As Chinese Vessels Pull Back, Taiwan Remains on High Alert
Taiwan remained on high alert on Wednesday after China staged massive military drills around the island the previous day, keeping its emergency maritime response centre running as it monitored Chinese naval manoeuvres, the coast guard said.The exercises named "Justice Mission 2025" saw China fire dozens of rockets towards Taiwan and deploy a large number of warships and aircraft near the island, in…
