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May 6, 2026
EDP Renewables will continue to invest in the United States, despite the recent decision by the company to withdraw from offshore wind. This was revealed on Wednesday by CEO Miguel Stilwell de Andrade. He said EDPR would maintain the 'planned…
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April 28, 2026
The Italian parliament voted on Tuesday to support a government proposal to donate an old?aircraft-carrier to Indonesia. This would strengthen relations with an ally and avoid the cost of dismantling an outdated asset. Garibaldi, a 54 million euro (63 million dollar) vessel…
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April 17, 2026
Four energy sources reported that 'Iraq resumed its southern oil exports Friday, after a halt of more than a month caused by disruptions in shipping through the Strait of Hormuz. One tanker has begun to load crude. Iraqi ports & energy sources…
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April 8, 2026
According to LSEG and a shipping source, Glencore, a commodities trading firm, has chartered a Supertanker 'to load Middle Eastern crude oil for Asia. This is likely the first 'oil tanker destined for this route since the ceasefire of the U.S.Iran war.
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February 24, 2026
Italian yacht manufacturer Ferretti announced a 6.7% increase in its core profit for the full year, as well as a 47% jump in orders of made-to measure?yachts. Last year, adjusted?earnings prior to interest, taxes and depreciation (EBITDA), a measure of earnings before interest…
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January 25, 2026
A crude tanker chartered Trafigura?departed from Venezuela's Jose Port?to Louisiana Offshore Oil Port?documents and LSEG data showed. This was the first cargo to go directly to the U.S. under a 50 million barrel supply agreement agreed between Caracas this month and Washington.
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February 6, 2026
The Vietnamese authorities have chosen a newly-created subsidiary of real estate conglomerate Vingroup for the development of the first phase of a major offshore wind project in the country. Morgan Stanley-backed German renewable company PNE…
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January 22, 2026
The French Navy?on Thursday intercepted in the Mediterranean a Russian oil tanker suspected of being part of 'the shadow fleet' that allows Russia to export its oil despite sanctions. This?operation was conducted... with support from several of our allies.
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December 28, 2025
'Spanish football clubs' reported that Fernando Martin, a Valencia CF coach, died along with?three of his family members after their boat capsized off the coast of Indonesia. Valencia expressed their "deep sadness" at the death of Fernando Martin…
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October 14, 2025
Radiant World, an Indian commodity trader, has hired Liam Brown and Louis McCauley to expand its industrial and precious-metals trading business. McCauley previously worked for Citi, Credit Agricole, and Goldman Sachs, and Brown traded industrial metals.
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September 8, 2025
Saad Rahim is the chief economist at Trafigura, a major trading company. He said that the shadow fleet of oil tanks has grown following Western sanctions against Russia for its war in Ukraine. The shadow fleet plays a crucial role in ensuring that Russian crude oil is available to buyers…
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June 11, 2025
A U.S. official revealed that the Trump administration is reviewing a defense agreement worth hundreds of millions of dollars signed by former president Joe Biden with Australia and Britain, which allowed Australia to purchase conventionally-armed nuclear submarines.
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May 30, 2025
The captain of the container ship which collided with a U.S. oil tanker near Britain's East Coast pleaded guilty to manslaughter through gross negligence in London on Friday. Vladimir Motin was a Russian citizen, aged 59. He was the captain…
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February 26, 2025
The CEO of Italy's Saipem group stated on Wednesday that the rationale behind a merger of Italy's Saipem with Norway's Subsea 7 was to combine fleets to better serve customers and reduce costs. On Sunday, the two companies announced their intention…
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January 1, 2025
Rio Tinto, a miner in Australia, said that a deckfitter aboard its bulk carrier traveling from China to Western Australia had been reported missing the previous week. The Philippine Coast Guard is leading a search-and-rescue operation. Rio Tinto…
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October 28, 2024
OMS Group, a KKR backed Malaysian digital subsea infrastructure company, announced on Monday that it had signed a contract for the construction of a number of cable-laying ships with Dutch maritime firm Royal IHC. OMS stated in a press release…
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October 14, 2024
According to sources in the shipping and trading industries, a large shipment of French wheat will be loaded for Thailand later this month. This is a rare shipment that will help boost French exports to Southeast Asia. Sources said that a ship…
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October 2, 2024
German task group commander, who led the German Navy ships through the Taiwan Strait in October, said that the Chinese vessels were very attentive and sent repeated radio messages to the German Navy ships, but they did not engage in any unsafe behavior.
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September 24, 2024
Kim Yo Jong - the powerful sister to North Korean leader Kim Jong Un - has criticised the presence in Busan of a U.S. submarine, according to state media KCNA. Kim said it was a sign of U.S. desire to "show off its nuclear strategic assets and increase threats", as reported by KCNA.
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August 23, 2024
A company spokesperson revealed that Norway's state controlled energy giant Equinor had cancelled plans to invest into Vietnam's offshore sector. This is a blow for Vietnam's green energy ambitions. According to the World Bank Group's report…
