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Global energy markets face a lengthening period of tight supply and price volatility as the industry's ability to offset disruptions from the Middle East is dwindling, senior executives from Shell and Equinor said on Wednesday.Attacks on oil…
https://www.marinelink.com/news/shell-equinor-warn-energy-market-543006
https://www.marinelink.com/news/shell-equinor-warn-energy-market-543006Higher energy prices resulting from the Iran war could add nearly €7.4 billion ($8.5 billion) to Spanish manufacturers' costs through the end of 2026, an industry lobby group said on Wednesday.Of the extra costs stemming from current prices, gas would account for €4.2 billion and electricity for €3.
https://www.marinelink.com/news/spain-foresees-higher-energy-prices-due-543007
https://www.marinelink.com/news/spain-foresees-higher-energy-prices-due-543007Prices for Russia's flagship Urals crude at its western ports jumped above $110 per barrel on Tuesday, the highest level since April 2026, according to Reuters calculations based on data from two traders.Higher oil prices boost Russia's budget revenues…
https://www.marinelink.com/news/urals-prices-jump-above-barrel-543008
https://www.marinelink.com/news/urals-prices-jump-above-barrel-543008KNUD E. HANSEN is continuing its involvement in the development of Compagnie Maritime Nantaise’s new RoRo vessel that is dedicated to space logistics, following Compagnie Maritime Nantaise and Sogestran's of the signing of the shipbuilding contract…
https://www.marinelink.com/news/knud-e-hansen-design-compagnie-maritime-543009
https://www.marinelink.com/news/knud-e-hansen-design-compagnie-maritime-543009The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance and repair industry, announced the incoming chairs of its Industry Partners Committee, which represents SCA’s supplier and manufacturer members across the country.John Rhatigan…
https://www.marinelink.com/news/new-leadership-scas-industry-partners-543013
https://www.marinelink.com/news/new-leadership-scas-industry-partners-543013The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was down for a fifth straight session on Wednesday, falling about 1% to its lowest since September 1 at 3,327 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, declined by 1.3% to 5,612 ...
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-2-week-low/
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-2-week-low/Germany has relaxed one of the more restrictive crewing requirements among major European maritime nations, allowing non-EU nationals to serve as masters and senior officers aboard German-flagged ships. An amendment to the country’s Safe Manning Ordinance now gives owners the option to use masters and officers from outside the EU and European Economic Area, provided …
https://splash247.com/germany-opens-bridge-to-non-eu-captains/
https://splash247.com/germany-opens-bridge-to-non-eu-captains/Shipping’s alternative fuel debate has acquired a useful new reference point with an important fuel body completing lifecycle assessments of LNG, ammonia and now methanol — and the clearest conclusion is that the production pathway can matter as much as the molecule itself. The Society for Gas as a Marine Fuel’s (SGMF) newly released methanol …
https://splash247.com/sgmf-completes-three-fuel-lifecycle-picture/
https://splash247.com/sgmf-completes-three-fuel-lifecycle-picture/South Korea’s Wooyang Shipping has ordered four newcastlemax bulk carriers at China’s New Times Shipbuilding for long-term employment with Brazilian mining giant Vale. The 210,000 dwt ships are scheduled for delivery in 2029 and 2030 and will be capable of running on ethanol, methanol and conventional fuel oil. Industry estimates put the price at around …
https://splash247.com/wooyang-lines-up-430m-vale-backed-newcastlemax-quartet/
https://splash247.com/wooyang-lines-up-430m-vale-backed-newcastlemax-quartet/Houston-headquartered energy services giant Halliburton has won a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development off Cyprus. Under the contract, Halliburton will deliver integrated drilling, well construction, automation, and completions services for exploration and development wells. The bundled scope reduces operational interfaces, improves execution certainty, and supports efficient delivery …
https://splash247.com/eni-adds-halliburton-to-cronos-contractor-lineup/
https://splash247.com/eni-adds-halliburton-to-cronos-contractor-lineup/