US Sanctions on Iranian Oil Target Sinopec
The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting a terminal through which the state major handles one-fifth of its crude oil imports, industry executives and analysts said.The sanctions announced on Thursday further complicate U.S.-China relations, coming ahead of planned talks between Presidents Donald Trump and Xi Jinping later this…
China Counters With Additional Port Fees for US Ships
Vessels owned or operated by U.S. firms and individuals, or those built in the United States or that fly the U.S. flag, will be charged additional port fees per voyage starting on Tuesday, China's transport ministry said.The fees are a countermeasure against upcoming U.S. port fees on Chinese ships, the ministry said on Friday.Also starting on October 14, ships built in China - or operated or owned by Chinese entities - will need to pay a fee at their first port of call in the United States.
Allianz Commercial Appoints Peter Toole as New Head of Marine in Canada
Global insurer Allianz Commercial announced that Peter Toole has been appointed Head of Marine for Canada effective September 29, 2025. Based in Toronto, Toole will report to Keith Scranton, Regional Head of Inland Marine, North America.With a 19-year career in the insurance industry, Toole has held senior underwriting and brokerage roles, specializing in construction insurance. Most recently, he served as Vice President of Construction at FCA Insurance Brokers…
HGK Shipping Names Third Tanker for Inland Shipping
HGK Shipping celebrated the naming ceremony for the gas tanker, “GAS 96”, in Rotterdam on October 9, 2025. This is the third gas tanker that combines optimization for operations in shallow waters with a diesel-electric “future-fuel-ready” drive system for Europe’s largest inland waterway shipping company.The “GAS 96” will operate on the Rhine routes between Rotterdam, Antwerp and Cologne with immediate effect and transport gases that have been liquefied under pressure for the chemicals group…
Sanmar Celebrates Delivery of First Tug to Ultratug
Sanmar Shipyards celebrated the delivery of the RAmparts 2400SX-MKII design tug UT PATZCUARO to Americas operator Ultratug at a ceremony held at its Altinova Shipyard on October 6, 2025, following the completion of closing in Tuzla earlier the same day. The delivery marks the first tugboat built by Sanmar for Ultratug.The ceremony was attended by Cem Seven, Chairman, Ali Gürün, Vice Chairman & CEO, with members of Sanmar’s management and employees.
China Strikes Back: Additional Port Fees for US Ships from Mid-October
Vessels owned or operated by U.S. firms and individuals - or those built in the United States or that fly the U.S. flag - will be charged additional port fees per voyage starting on October 14, China's transport ministry said.The fees are a counter-measure against upcoming U.S. port fees on Chinese ships, the ministry said on Friday.Also starting on October 14, ships built in China - or operated or…
Tanker Delivers Arctic LNG 2 Cargo to Chinese Port
A tanker carrying liquefied natural gas from Russia's Arctic LNG 2 project has discharged it at a Chinese port, according to data from analytics firms Kpler and Vortexa, continuing supplies despite Western sanctions against the project.The La Perouse tanker berthed at the Beihai LNG Terminal in China's southwestern region of Guangxi on October 9, after picking up a cargo from Arctic LNG 2 in late August.It left Beihai terminal on October 10.
United Oil & Gas Signs Up TDI-Brooks for Survey Offshore Jamaica
United Oil & Gas has signed a non-binding memorandum of understanding (MoU) with TDI-Brooks to secure a specialist survey vessel for a campaign offshore Jamaica.The work is related to the planned piston coring and surface geochemical program on the company’s Walton Morant Licence.The campaign forms a key part of United's forward work program under its extended license to January 2028. The survey will involve the collection of 40-60 seabed core samples across the Walton and Morant Basins…
BP Wins $1B Arbitration Case Against Venture Global Over LNG Shipments
BP has won its arbitration case against Venture Global over the U.S. supplier's failure to deliver liquefied natural gas under a long-term contract that was due to start in late 2022, Venture Global said on Thursday.The International Chamber of Commerce International Court of Arbitration found that Venture Global breached its obligations to declare commercial operations had begun at the Calcasieu Pass plant in a timely manner and act as a "reasonable and prudent operator…
Energy Storage and New Fuels Work Together as One on Vessels
There’s an obvious fuel saving advantage, but partnering energy storage systems with new fuels brings other advantages too.There’s a new generation of vessels emerging which is exemplified by Grimaldi’s PCTC Grande Shanghai, claimed to reduce fuel consumption by 50% compared to previous-generation car carriers, and the NCL Vestland, a container feeder vessel similarly claimed to reduce energy consumption…
Maersk Offshore Wind Terminates $475M WTIV Order with Seatrium
Singapore-based offshore contractor Seatrium has received a termination of the $475 million contract for the construction of a Wind Turbine Installation Vessel (WTIV) that was set for deployment at Equinor's Empire Wind 1 offshore wind farm in the United States.The contract - secured by Sembcorp Marine Rigs & Floaters in 2022, which is now known as Seatrium Energy (International) - was for the construction…
Trump Seals Icebreaker Deal
U.S. President Donald Trump and Finnish counterpart Alexander Stubb sealed an agreement on Thursday for the U.S. Coast Guard to acquire up to 11 icebreaker ships to bolster U.S. national security in the Arctic.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played a round of golf.The two…
ExxonMobil to Deliver LNG Bunkering Services
ExxonMobil is entering the LNG marine bunkering market, initially with two LNG bunker vessels, marking an important step in its efforts to help reduce greenhouse gas (GHG) emissions from the maritime sector.The first vessel, chartered from Avenir LNG, is scheduled for delivery in the first quarter of 2027, followed by a second vessel from Evalend Shipping in the fourth quarter of 2027.ExxonMobil is…
GTT Receives Tank Order from Hanwha Ocean
GTT has received an order from its partner the shipyard Hanwha Ocean for the tank design of a new LNG1 Carrier, on behalf of a North America-based ship-owner.The vessel will be equipped with cryogenic tanks designed by GTT for the transport of LNG, offering a total capacity of 174,000 m³. These tanks will incorporate the NO96 L03+ membrane containment system, a technology developed by GTT.Delivery of the vessel is scheduled for the second quarter of 2028.
Corvus Energy Secures Growth Capital
Energy storage system (ESS) supplier Corvus Energy has secured a $60 million growth capital injection from a group of blue-chip international investors. Morgan Stanley Investment Management led an investor consortium that includes Just Climate and J. Lauritzen.Founded in 2009, Corvus Energy has pioneered maritime ESS and today supplies more than half of the world’s zero-emission vessels. The company has delivered over 1,300 hybrid or all-electric ESS installations worldwide.
A Step Forward for Direct Air Capture
Like new fuels and onboard carbon capture, direct air capture (DAC) needs to be scaled up to become an effective decarbonization pathway.This week, German shipowner NSB Group demonstrated its willingness to step forward by entering into a partnership with Phlair, a German direct air capture company.The CO2 removal credits will be produced by capturing CO2 from the atmosphere at Phlair’s direct air capture facility “Dawn” and permanently storing it underground.
US Imposes Sanctions on Oil Refineries and Purchases
The U.S. imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran's oil and petrochemicals trade, the administration of President Donald Trump said on Thursday.The Treasury Department sanctioned the Shandong Jincheng Petrochemical Group, which it said is an independent teapot refinery in Shandong Province that has purchased…
USA, Finland to Reach Icebreaker Deal
U.S. President Donald Trump and Finnish counterpart Alexander Stubb will meet on Thursday at the White House tosign a pact for the U.S. Coast Guard to buy up to four icebreaker ships from Finnish shipyards, the White House and Stubb said.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played…
Book Release: New Edition of Advanced Electrotechnology for Marine Engineers
Christopher Ralph Lavers and Edmund G. R. Kraal have released a new edition of their volume 7 book, Advanced Electrotechnology for Marine Engineers - Reed's Marine Engineering and Technology Series. Copies can be purchased here.
Global Shipping Industry Reaffirms Support for the IMO Net Zero Framework
Leading international maritime associations and organisations have reiterated their strong support for the adoption of the “Net-Zero Framework” at the IMO Marine Environment Protection Committee next week (October 14-17) by the world’s governments at the UN International Maritime Organization (IMO). The global industry remains committed to working collaboratively with IMO Member States to successfully implement this regulatory package for achieving net zero GHG emissions by or close to 2050…
