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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 ... massive protests intensifying in Iran to the degree that some pundits think a regime change might soon happen, oil on Friday achieved  gains for a third straight week, the longest streak of ...
Former OW Bunker Executives to Pay $31 Million Compensation Over Firm's Collapse
Jan 9, 2026 ... pay DKK 200 million ($31.2 million) in compensation in a case relating to the bunker trading company's collapse more than a decade ago. Former CFO Morten Skou and Lars Møller, director of OW ...
Monjasa Appoints General Manager in Dubai
Jan 9, 2026 ... marine fuel supplier and trading firm Monjasa has appointed a new general manager of its UAE-based unit.  Casper Borgen has been appointed to the role of general manager of Monjasa DMCC ...
DNV Backs ABB's New Electric Ship Propulsion Concept
Jan 9, 2026 ... firm ABB. The approval in principle (AiP) confirms the design is technically feasible and can move closer to commercial use, ABB said in a statement on its website on Thursday. The ...
Moeve and Galp Explore Potential Downstream Portfolios Merger
Jan 9, 2026 ... energy firm Moeve and Portugal-based Galp are exploring a potential merger of parts of their downstream businesses. The discussions are centered on combining selected downstream assets ...
Major Container Lines Continue Venezuela Operations Under Close Watch
Jan 9, 2026 ... container shipping companies continue to operate in Venezuela while closely monitoring security and regulatory developments following a recent US military action. Maersk continues to ...
Bureau Veritas Approves Design of Chinese Ammonia-Fuelled Vessels
Jan 9, 2026 ... designs of two ammonia-fuelled vessels from Chinese firms. The approval in principle (AiP) was granted to concepts developed by CIMC Ocean Engineering Design & Research Institute and Zhoushan ...
Grimaldi Secures Financing to Acquire Three Ammonia-Ready Ships
Jan 9, 2026 ... shipping firm Grimaldi Group has secured EUR 162.3 million ($189.1 million) in green financing to support the acquisition of three vessels suitable for conversion to ammonia ...
Australian Ports Prepare for Possible Cyclone Impact
Jan 9, 2026 ... across North Queensland in Australia have moved into a heightened state of readiness amid the risk of tropical cyclone development over the coming days. Tropical low 12U, currently located ...
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The countries have agreed to increase production in May, but warned that restoring damaged capacity may take a long time.

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Burando Energies Appoints Global Head of Methanol

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Valerie Ahrens has joined the company as global head of methanol as of this month.

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Oil Ekes Out Minimal Gains As Deadline To Reopen The Hormuz Looms

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All eyes are on what Trump will do to Iran on Tuesday night if a deal isn't reached.

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