MarineCraft News Desk 
Italian engineering contractor Saipem and consortium partner Jan De Nul have signed a letter of intent with ExxonMobil Mozambique for the Rovuma LNG Phase 1 development in Mozambique.The agreement, signed on behalf of Mozambique Rovuma Venture, covers preliminary engineering, procurement…
A large fire broke out on a dry bulk carrier undergoing repairs in a Chinese shipyard, resulting in the death of 25 workers and injuring five others who were taken to a hospital.
Reports are coming in of a new vessel hijacking that happened earlier today, September 10, south of Yemen. The monitoring authorities issued alerts about a bulker that was approached and appeared to have been boarded while assets assigned to the…
How much oil is flowing through the Strait of Hormuz? Traders, energy executives and government officials are all trying to figure it out – but are reaching wildly different conclusions.
Kuwait Petroleum Corporation is offering the option of ship-to-ship transfers of its crude oil and petroleum products outside the Strait of Hormuz to its buyers for safe transportation to final destinations, a company official said on Wednesday."We are offering the…
The IRGC Navy says it will target tankers in Bahraini and Kuwaiti ports after US strikers on Iranian tankers
