German energy company RWE said on Thursday that it had reached a $1.22 billion agreement with the Trump administration to cancel three offshore wind leases in US waters and to direct the funds to LNG and natural gas power plant…
A proposed deal between Iran and Oman that would give Tehran control over ships entering the Persian Gulf through the Strait of Hormuz is not easily workable due to US sanctions and restrictive insurance clauses on any payments, four industry…
The nearly daily attacks on Ukraine’s seaports and commercial shipping are continuing, with reports that two more vessels were struck and at least one seafarer killed on August 6.
Oil prices edged lower on Wednesday on revived expectations of a de-escalation in Iran war hostilities that could restore shipping traffic in the Strait of Hormuz and oil flows in the Middle East.However, losses were capped by a maritime embargo…
A surge in attacks on ships, ports and export terminals in the Black Sea is disrupting global supplies of grain and oil, turning the region into the latest strategic trade chokepoint to be hit by escalating conflict.The Black Sea is…
China Merchants Energy Shipping has signed five shipbuilding contracts through its wholly owned subsidiary, Associated Maritime Company Hong Kong, for five Aframax tankers at Dalian Shipbuilding Industry.
