Soybean Futures Fall to 2-Week Low
Soybean futures fell to $11. 7 per bushel, reaching a two-week low as a sharp decline in global energy prices weighed on biofuel-driven demand.
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Soybean futures fell to $11. 7 per bushel, reaching a two-week low as a sharp decline in global energy prices weighed on biofuel-driven demand.
Energy – Oil and gas plunge Oil and gas prices fell sharply on Wednesday as Iran considered a new US proposal to end the conflict, raising hopes that flows through the Strait of Hormuz could gradually resume. Brent dropped below $100/bbl to trade at $96 a barrel at one point, and European gas also slumped ...
Russia’s oil tax revenues reached a six-month peak last month as crude prices surged amid the war in Iran, with oil trading near $100 per barrel. Russian producers paid 707.
Indian refiners raised LPG production by more than 30% in March to offset import shortages caused by the Middle East conflict, a trend expected to continue in the coming months, according to government data and industry sources May 4. As cargo flow disruptions through the Strait of Hormuz persisted, India’s LPG
Southeast Asia is entering a critical second wave of deepwater gas development targeting 28 trillion cubic feet of resources across Indonesia, Malaysia and Brunei. However, delivering these projects won’t be easy.

Lessons learned: The suitability of a vessel for fumigation is a critical factor

BIMCO: Coal shipments to Japan, Korea and EU surge 27%

SPIE Global Services Energy has been awarded a contract by Seaway7 to deliver inter-array […] The post SPIE secures cable termination work on Poland’s Bałtyk 2 & 3 offshore wind farms appeared first on Offshore Energy .

Cargo vessel sinks off Greek island, all crew rescued

Norwegian state-owned energy giant Equinor has received authorization from the country’s authorities to embark on exploration drilling activities with one of COSL Drilling Europe’s semi-submersible rigs in the North Sea off the coast of Norway. The post Seal of approval for North Sea oil & gas exploration with COS

Lessons learned: Safe in-transit fumigation requires proper crew training

Windward: AIS visibility in Hormuz has deteriorated sharply

Having opened parts of its logistics network to third parties in recent years, Amazon has now bundled its full supply chain capabilities into a commercial offering, positioning itself as a 3PL. The jury is out who should be most worried about this step.

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved […] The post US program selects 34 marine energy projects for technical support in record $4.8M round appeared first on Offshore Energy .

IMO MSC 111: What’s on the agenda?

IMO MSC 111: What’s on the agenda?

A US Navy F/A-18 Super Hornet launched from USS Abraham Lincoln has disabled the Iranian-flagged VLCC Hasna in the Gulf of Oman after the vessel allegedly attempted to breach the American naval blockade of Iran’s ports. US Central Command said the aircraft fired its 20 mm…

IMO MSC 111: What’s on the agenda?

The Hormuz crisis has broken the tanker market’s age depreciation curve entirely, with five-year-old VLCCs now trading above the price of a brand new vessel ordered from a Korean shipyard. According to Signal Ocean’s latest Tanker Market Monitor, the inversion of normal asset pricing logic is now visible a

Houston-headquartered oil and gas company Murphy Oil has made progress across multiple onshore and offshore exploration and production projects, with two on track to achieve first oil this year in the Americas and Asia. The post Murphy Oil edging closer to bringing online projects in US Gulf and Vietnam appeared first

Getting to Zero Coalition: Modest but meaningful improvement towards net-zero

ECSA: European shipping represents 34.5% of the global fleet

The final session of Geneva Dry’s opening day tackled what many in the room consider the dry bulk industry’s most existential question: in a world of instant data, AI-powered analysis and algorithmic trading, what exactly is the broker for? The answer, delivered with…

The Iran war has already led to a loss of about 120 billion cubic metres of global liquefied natural gas supply over the 2026 to 2030 period, Gergely Molnar, an analyst from the International Energy Agency, said on Thursday.Speaking at the Budapest LNG Summit, Molnar said the…

The Cyprus Marine & Maritime Institute (CMMI) is an independent, international Centre of Excellence based in Larnaca, dedicated to advancing marine and maritime science, technology, and innovation. Through its multidisciplinary research ecosystem, CMMI delivers cutting-edge solutions that address real-world challe

Evangelos Efstathiou is not short of ambition. The CEO of Burmester & Vogel – a self-described geek who has spent the better part of two decades quietly building what he believes will become the data backbone of global shipping – sat down with Maritime CEO at…

Amplitude Energy (formerly Cooper Energy), an Australian gas production company focused on supplying the Southeast domestic gas market, has obtained a production license, which entails an undeveloped gas discovery in the Otway Basin off the coast of Victoria, Australia. The post Australian offshore production license

The diesel generator engine failure that sparked an engine room fire and total power […] The post Substitute engine parts cause of fire on board UK survey vessel, report says appeared first on Offshore Energy .

A key measure of bulk-shipping rates jumped to the highest level since December 2023, driven by rising demand for Capesize vessels along with tightening supply of ships that haul bulk commodities.

ZIM’s board of directors was forced yesterday to issue a public statement reaffirming that its merger agreement with Hapag-Lloyd and Israeli private equity fund FIMI is legally binding, after an unexpected rival bid from Israeli businessman Haim Sakal sent the shipping company’s share price surging 9. 5% on

The largest vessel in Solstad Offshore’s fleet has received a letter of intent (LoI) […] The post Solstad’s largest vessel set for two years around the world appeared first on Offshore Energy .

The Australian Maritime Safety Authority (AMSA) has issued a ban on the bulk carrier FPMC B Forever, the third such ban in just two months. Formosa Plastics Marine Corporation stands accused of underpaying its crew and breaching the Maritime Labour Convention (MLC).

ABS has appointed U.S. Coast Guard Rear Admiral (Retired) Ronald J. Rábago as Senior Vice President of Government Services, further strengthening its...

A competing bid is the latest twist in the saga of Hapag-Lloyd's planned takeover of Israeli shipping line Zim - even though Zim's shareholders have...

[By Nima Shokri and Martin J. Blunt]The Strait of Hormuz – the narrow waterway through which between 20% and 25% of the world’s seaborne oil normally...
Following the indefinite suspension of the U.S. security corridor for the Strait of Hormuz, France has dispatched its aircraft carrier through the Su...

U.S. forces operating in the Gulf of Oman enforced blockade measures by disabling an Iranian-flagged unladen oil tanker attempting to sail toward an Iranian port at 9 a.m. ET, May 6.U.S. Central Command (CENTCOM) forces observed M/T Hasna as…

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A local immigration advocacy group and other community groups are reporting that U. S.

Matson has marked two milestones in its fleet renewal program with the beginning of hull assembly on the second of three new LNG powered "Aloha Class" container ships and the start of construction on its third new vessel at Hanwha Philly Shipyard, Inc.

The Australian Maritime Safety Authority (AMSA) has issued a third ban in less than two months after another shipping company was found to have underpaid its crew, breaching the Maritime Labour Convention (MLC).On April 23, AMSA boarded the Liberia-flagged bulk carrier…

The Virginia Port Authority has named its next chief executive officer: Sarah J. McCoy, a longtime veteran of port operations at VPA who had been fil...

New Zealand has ordered inter-island RoRo ferry operator KiwiRail to pay a fine of NZ$400,000 ($234,671) after it was found culpable of endangering t...

Latest NewsGrowth in energy-linked project cargo exacerbates US rail car shortageMaersk passing $500 million monthly fuel bill to customers ‘in full’: CEOVPA veteran McCoy tapped as CEO of Port of VirginiaTacoma ILWU local attempting to block Husky technology effortUS onshore wind halt deals latest blow for project car
Despite assurances from the U.S. military that transits through Omani waters of the Strait of Hormuz could be protected from Iranian attacks, the box...

Lawyers for Orient Overseas Container Line filed suit in U. S.
A recently published London Maritime Arbitrators Association (LMAA) award (London Arbitration 8/26) provides helpful guidance on the interpretation of VOYWAR 1993 and the interaction between contractual war risks regimes and the doctrine of frustration. Although the case arose out of the Russia/Ukraine conflict and re
May 7, 2026. ABS and HD KSOE to Set New Industry Benchmarks for Digital Shipbuilding and Vessel Intelligence
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