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Malaysian Authorities Detain Two Tugboats for Alleged Anchoring Without Permission
Jan 12, 2026 ... foreign tugboats were detained by Malaysian authorities on 6 January for allegedly anchoring without permission in the waters off Johor. The two tugboats, accompanied by a barge, were ...
Bureau Veritas Approves Wind-Assisted LNG Carrier Concept
Jan 12, 2026 ... concept featuring a wind propulsion system. The concept developed by Dalian Shipbuilding Industry combines LNG dual-fuel propulsion with three foldable wing sails aimed at reducing bunker fuel ...
Piracy in the Strait of Malacca Surged to a 19-Year High in 2025
Jan 12, 2026 ... and armed robbery incidents in the Strait of Malacca reached their highest level since 2007 in 2025, resulting in a 23% year-on-year increase in cases across Asia to 132 incidents. Of the ...
Oil Achieves Weekly Gain As Trump Warns Iran Will "Pay Hell" If Protesters Are Killed
Jan 9, 2026 ... "Crude remains caught in a complex dance between heightened geopolitical risk and rising inventory," said Robert Rennie, the head of commodity research at Westpac Banking Corp. Although focus ...
Former OW Bunker Executives to Pay $31 Million Compensation Over Firm's Collapse
Jan 9, 2026 ... more than a decade ago. Former CFO Morten Skou and Lars Møller, director of OW Bunker subsidiary Dynamic Oil Trading, were sentenced to pay the compensation to the firm's bankruptcy estate by a ...
Moeve and Galp Explore Potential Downstream Portfolios Merger
Jan 9, 2026 ... continue. Any transaction would be subject to final agreements, corporate approvals and regulatory clearances, with a potential deal not expected before mid-2026. In the marine fuels market, ...
Major Container Lines Continue Venezuela Operations Under Close Watch
Jan 9, 2026 ... shipping companies continue to operate in Venezuela while closely monitoring security and regulatory developments following a recent US military action. Maersk continues to operate where ...
Bureau Veritas Approves Design of Chinese Ammonia-Fuelled Vessels
Jan 9, 2026 ... high energy efficiency for global liner routes. Both concepts aim to support the shipping industry's transition toward low- and zero-carbon marine ...
Grimaldi Secures Financing to Acquire Three Ammonia-Ready Ships
Jan 9, 2026 ... (PCTCs) - Grande Egitto, Grande Pacifico and Grande Oceania. The vessels are scheduled for delivery in 2026. The three ships are part of a wider programme covering 17 new PCTCs ordered by the ...
Australian Ports Prepare for Possible Cyclone Impact
Jan 9, 2026 ... warnings are forecast for the Cooktown, Cairns and Townsville coasts. At Townsville, the compulsory pilotage area was closed from 18:00 local time on Thursday due to deteriorating weather ...
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Tsuneishi Delivers World's First LNG Dual-Fuel Kamsarmax

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WTI Hits 6 Year High As Investors Now Doubt Trump's Vow to End Iran War Soon

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