U.S. Secretary of Energy Chris Wright signed an export authorization yesterday for a 12% expansion at Cheniere Energy’s Corpus Christi liquefied natural gas terminal, underscoring… Weiterlesen »Corpus Christi Expansion Cements U.S. Position as Global LNG Export Leader

Container freight spot rates on the major trades saw limited movement this week as supply chains in China slowly began to restart following the new… Weiterlesen »Freight Rates Stall After Lunar New Year as Carriers Eye Blank Sailings

Sweden shot down an unidentified drone near France’s Charles de Gaulle aircraft carrier docked in Malmo. French Foreign Minister calls it a “ridiculous provocation” if… Weiterlesen »France Says ‘Ridiculous Provocation’ if Russia Behind Drone Near Charles de Gaulle Carrier

The tanker Sea Horse carrying 200,000 barrels of Russian gas oil diverted from Cuba and is now drifting in the North Atlantic. The move worsens… Weiterlesen »Russian Oil Tanker Diverts From Cuba as Trump Naval Blockade Deters Shipments

Less than a month after restarting limited Red Sea transits, Maersk is once again rerouting select services around the Cape of Good Hope, underscoring how fragile the… Weiterlesen »Red Sea Comeback Falters as Maersk Diverts Ships Back Around Cape

The U.S. Department of Justice has filed a civil forfeiture complaint seeking to permanently seize the motor tanker Skipper and its roughly 1.8 million-barrel cargo of Venezuelan… Weiterlesen »U.S. Moves to Permanently Seize Sanctioned Tanker ‘Skipper’ and $150M Oil Cargo

A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oil next month.

Panamanian authorities searched a ports unit of Hong Kong conglomerate CK Hutchison 0001.HK in Panama on Thursday, according to a person familiar with the operation, escalating a… Weiterlesen »Panama Officials Search CK Hutchison’s Subsidiary Office, Source Says

A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oil… Weiterlesen »Sinokor’s VLCC Blitz Sends U.S. Gulf Rates to Pandemic-Era Highs

Panamanian authorities searched a ports unit of Hong Kong conglomerate CK Hutchison in Panama on Thursday, according to a source familiar with the operation, escalating a rift… Weiterlesen »Panama Officials Search CK Hutchison’s Local Office, Source Says