BP BP.L has won its arbitration case against Venture Global VG.N over the U.S. supplier’s failure to deliver liquefied natural gas under a long-term contract… Weiterlesen »BP Wins Arbitration Case Against Venture Global Over LNG Cargoes

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has intensified efforts against Iran’s petroleum and petrochemical exports, announcing sanctions against more… Weiterlesen »U.S. Targets Iran’s Shadow Fleet with Massive Sanctions Package

President Donald Trump has signed a Presidential Memorandum authorizing the construction of up to four Arctic Security Cutters (ASCs) in Finland, addressing urgent national security… Weiterlesen »U.S. Turns to Finnish Expertise to Jump-Start Icebreaker Production

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… Weiterlesen »Trump and Finland’s Stubb Approve Deal for Icebreaker Ships

La Niña conditions have emerged in the equatorial Pacific and are expected to persist through the Northern Hemisphere winter, with forecasters predicting a 55% chance… Weiterlesen »La Niña Conditions Return

A new Australian Transport Safety Bureau (ATSB) interim report details how coordinated action by pilots and tug crews prevented a potential disaster after a fully… Weiterlesen »Pilots, Tugs Prevent Grounding of Fully Laden Ore Carrier in Australia’s Port Hedland

Maersk shares fell on Thursday on expectations a Gaza ceasefire deal could eventually restore container shipping routes through the Red Sea and Suez Canal, easing a… Weiterlesen »Maersk Shares Hit Three-month Low on Prospect of Gaza Deal Reopening Red Sea Route

Freight rates are likely to see limited impact when the US starts charging Chinese vessels for calling at its ports next week, as shipping firms… Weiterlesen »Freight to Dodge Worst of US Port Fees Thanks to Workarounds

Governments at the UN’s International Maritime Organization (IMO) are expected to adopt the world’s first global carbon pricing scheme on any international polluter next week,… Weiterlesen »Global Shipping Industry Set to Adopt World’s First International Carbon Pricing Scheme

Nearly five weeks after running around in Canada’s Arctic Northwest Passage, Dutch cargo ship Thamesborg appears to have been successfully refloated. The vessel’s operator, Wagenborg,… Weiterlesen »Arctic Cargo Ship ‘Thamesborg’ Refloated AIS Data Show, Awaiting Company Confirmation