US Container Imports Are Expected to Decline Monthly After an Early Peak
U.S. container import levels remain high, but according to the National Retail Federation, they have peaked early and are starting to decline steadily month-over-month.
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Med Marine’s Latest RAmparts 2500-W Tugboat Takes to the Water
[By: Med Marine] MED MARINE has launched a new RAmparts 2500-W tugboat from the slipways of EREGLI SHIPYARD, bringing another vessel built for its own fleet one step closer to service.
ConocoPhillips Shrugs Off Qatari LNG Delays as a Matter of Months
ConocoPhillips said on Thursday that any delay to its Qatar LNG project would likely be in months rather than a year or more and it does not expect any impact on free cash flow.
Out With Wind, in With Gas: RWE Strikes $1.22B US Energy Deal Cancelling Offshore Wind Leases
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…
US Sanctions and Insurance Rules Threaten to Sink Proposed Hormuz Pact
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…
Seafarer Killed as Russia Strikes Two More Black Sea Ships
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.