Crude Under Pressure: Global Tensions Lift Prices, Demand Wavers
Oil prices rebound above $85/bbl amid rising geopolitical tensions, particularly in the Middle East and North Africa.
Demand outlook remains fragile, with uneven economic recovery in China and persistent global macroeconomic uncertainties.
Market...
Rhine River Levels Drop to Critical Lows, Forcing Vessels to Halve Cargo
A sustained heat wave across Western Europe has led to a significant drop in water levels on Germany's crucial Rhine River, severely disrupting shipping operations and driving up freight costs for cargo owners.
Impact on...
Jinglu Shipyard’s New Builds Feature Advanced Environmental and Efficiency Systems
On June 28, 2025, a significant event in the shipbuilding world took place at Penglai Zhongbai Jinglu Ship Industry Co., Ltd. (Jinglu Shipyard) with a naming ceremony for two new MR (Medium Range) chemical...
New Low-Pressure LCO₂ Carriers Promise Cost-Efficient Carbon Transport for Net-Zero Goal
Liquefied Natural Gas (LNG) is increasingly vital in the global energy landscape, serving a dual purpose: enhancing energy security and significantly contributing to emissions reduction programs.
Significant Advancement
US-listed Capital Clean Energy Carriers is pioneering a...
Xeneta: Carriers Tighten Capacity as Rates Surge Across Key Trades
The global ocean container shipping market continues to feel the heat as capacity tightening and surging demand fuel an upswing in spot freight rates. According to the latest market update, shippers are experiencing a...
Surging LNG Demand Drives HD KSOE’s Latest Contract for Specialized Carriers
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has announced a significant contract win, securing orders for four Liquefied Natural Gas (LNG) carriers from an Oceania-based shipping company. The deal, valued at approximately 1.396...
Friendship Pass Revolutionizes Cross-Border Trade with Unmanned, Smart Port Operations
The Youyiguan Port, also known as Friendship Pass, a critical land gateway connecting China and Vietnam, is on the cusp of a major transformation with its smart port project nearing completion. This ambitious initiative...
GCMD Demonstrates End-to-End Value Chain for Onboard CCS
The Global Centre for Maritime Decarbonisation (GCMD), in collaboration with ecosystem partners, has successfully demonstrated the full value chain for onboard captured CO2, including offloading, handling, transport, and utilisation.
The captured CO2 was...
Valenciaport Expands Green Footprint, Adds “Upcycling the Oceans”
The Port Authority of Valencia (APV), which manages the ports of Valencia, Sagunto, and Gandia, has officially approved its adhesion to the Upcycling the Oceans project. This significant move underscores APV's commitment to environmental...
Coastal Bend LNG Sets Sail with 22.5 Mtpa Terminal on Texas Shore
A privately held energy infrastructure development company plans to develop a liquefied natural gas (LNG) facility on the Texas Gulf Coast, reports Offshore Energy.
Texas takes off
The company, called Coastal Bend LNG, announced it has...