Ukraine Sinks Russian-Flagged Containership in Black Sea
Ukraine struck a container vessel operated by Fesco, a division of Rosatom, while the vessel was transiting the Black Sea bound for Novorossiysk, Russia.
MarineCraft News Desk
Report: Houthi Strike Took Saudi Refinery Offline Through Mid-August
The effects of the Houthi attack on Saudi energy infrastructure will continue on well into the next month, according to state oil company Saudi Aramco.
Rhine Navigable Depth Inches Toward Unprecedented Low as Dry Spell Persists
Water levels on the Rhine river in Germany fell to near record lows on Friday as a heatwave and prolonged dry weather gripped the region, the country's navigation agency said, though cargo vessels continued to operate.Inland navigation agency WSV said…
Amid Quieter Traffic, Two VLCCs Slip Through the Strait of Hormuz
The two very large crude carriers (VLCC) carrying oil loaded from the Persian Gulf exited the Strait of Hormuz on Friday, with traffic through the waterway remaining thin, according to Kpler ship-tracking data.The Spain B vessel is carrying crude oil…
Shell Pivots to LNG Core With $720M Sale of Cyprus Unit to Hungary’s MOL
Shell said on Friday it had agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British oil major sharpens its focus on LNG operations.BG Cyprus' 35 per…
FEATURE | ExxonMobil Posts $14.7B Profit in Q1, but Falls Short of Estimates
ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, even as high oil prices and improved refining margins brought by the Iran war led to its biggest quarterly profit in four years.