Tsakos Energy Navigation Posts Higher H1 Profit on Strong Tanker Market
Tsakos Energy Navigation reported a sharp rise in net income to $228.1 million for the first six months of 2026, up from $64.5 million in the equivalent period of 2025.
Industry News
Saipem, Jan De Nul Sign Letter of Intent for LNG Project in Mozambique
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…
China’s President Demands Action After Shipyard Fire Kills 25 Workers
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.
Pirates Hijack Bulker Off Yemen in the 25Th Recorded Incident of 2026
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…
Fatal Repair Work Fire Kills 25 Aboard Cargo Ship in Chinese Shipyard
Twenty-five people died in a fire aboard a foreign cargo vessel undergoing repairs at a state-owned shipyard in the eastern Chinese city of Qingdao on Thursday, state media reported.The fire broke out at about 11:15 (03:15 GMT) at the Qingdao…
Oil Breaches $100 Mark as Shipping Attacks Trigger Supply Shock Fears
Oil prices jumped six per cent on Thursday, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already…