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Oil prices edged up on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive results towards a resolution for the Iran war.Trump is…
https://www.marinelink.com/news/oil-edges-higher-markets-watch-uschina-539196
https://www.marinelink.com/news/oil-edges-higher-markets-watch-uschina-539196A Chinese supertanker carrying two million barrels of Iraqi crude sailed through the Strait of Hormuz on Wednesday after being stranded in the Gulf for more than two months due to the U.S.-Iran war, LSEG and Kpler ship-tracking data showed.The VLCC Yuan Hua Hu is now anchored off the Gulf of Oman…
https://www.marinelink.com/news/china-connected-vlcc-exits-strait-hormuz-539171
https://www.marinelink.com/news/china-connected-vlcc-exits-strait-hormuz-539171Techcross held a signing ceremony on May 13 with Siemens Industry Software at Techcross Busan factory together with Space Solution, a company specializing in PLM software development and consulting. Through this project, Techcross became the…
https://www.marinelink.com/news/techcross-introduces-siemens-nxplm-system-539172
https://www.marinelink.com/news/techcross-introduces-siemens-nxplm-system-539172Bezeq Israel Telecom has begun to deploy a fast-speed Internet subsea cable aimed at connecting Europe to Asia that its chairman says could ultimately reduce dependency on the Strait of Hormuz.Some 17% of global broadband goes through Hormuz…
https://www.marinelink.com/news/bezeq-telecom-deploys-subsea-internet-539173
https://www.marinelink.com/news/bezeq-telecom-deploys-subsea-internet-539173Ambreen Fatima protested in Karachi with her children on Wednesday for the release of her husband, one of ten Pakistani crew aboard an oil tanker seized by Somali pirates 23 days ago, and who is now drinking dirty tank water to survive, she said.The MT Honour 25…
https://www.marinelink.com/news/families-pakistani-hostages-call-rescue-539175
https://www.marinelink.com/news/families-pakistani-hostages-call-rescue-539175Dealmaking in the U.S. upstream oil and gas sector jumped to $38 billion in the first quarter of this year, marking the highest quarterly total in two years, analytics firm Enverus said on Wednesday.Shale producer Devon and smaller rival Coterra…
https://www.marinelink.com/news/upstream-oil-gas-dealmaking-us-hits-539179
https://www.marinelink.com/news/upstream-oil-gas-dealmaking-us-hits-539179The war in Iran and subsequent constriction of energy commodity flows appear to have been supportive of coal demand, as flows in April rise y/y for only the second time in 2026 so far. Global seaborne coal flows increased by 6% y/y in April 2026. Coal flows to China and India decreased by over 13% ...
https://www.hellenicshippingnews.com/coal-demand-in-april-rises-in-line-with-our-expectations/
https://www.hellenicshippingnews.com/coal-demand-in-april-rises-in-line-with-our-expectations/Malaysia’s Petronas has signed a 20-year time charter agreement with compatriot MISC for five newbuild 174,000 cbm LNG carriers. This follows the conclusion of shipbuilding contracts between MISC and Hudong-Zhonghua Shipbuilding in January and February 2026. These vessels will be constructed in Shanghai with charter commencement expected between 2029 and 2030. MISC will provide project …
https://splash247.com/petronas-charters-five-newbuild-lng-carriers-from-misc/
https://splash247.com/petronas-charters-five-newbuild-lng-carriers-from-misc/Danish owner and operator Norden has expanded its fleet by acquiring four handysize bulkers. The four acquired vessels were built in 2024 and are scheduled for delivery during the second quarter of 2026. Financial details or the seller were not disclosed. The company claims that the open-hatch and box-hold capabilities make them well-suited for specialised …
https://splash247.com/norden-expands-owned-fleet-with-handysize-quartet/
https://splash247.com/norden-expands-owned-fleet-with-handysize-quartet/Greek owner Cape Shipping is returning to the dry bulk newbuilding market for the first time in more than 15 years after placing an order for two newcastlemax bulk carriers at China’s Dajin Heavy Industry. Shipbuilding sources say the Adrianopoulos family-controlled company has contracted the yard for a pair of 211,000 dwt vessels, with deliveries …
https://splash247.com/cape-shipping-swings-back-to-bulkers-with-newcastlemax-order/
https://splash247.com/cape-shipping-swings-back-to-bulkers-with-newcastlemax-order/