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The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than…
https://www.marinelink.com/news/quality-coal-rallies-lng-spikes-536766
https://www.marinelink.com/news/quality-coal-rallies-lng-spikes-536766Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the company’s offshore fleet.The vessel, scheduled for delivery in 2028, will be based on a proven subsea…
https://www.marinelink.com/news/jan-de-nul-selects-ulstein-design-new-536778
https://www.marinelink.com/news/jan-de-nul-selects-ulstein-design-new-536778Abu Dhabi state oil giant ADNOC has shut its Ruwais refinery, a source said on Tuesday, after a fire broke out at a facility within the complex following a drone strike, the latest disruption to energy infrastructure due to the U.S.-Israeli…
https://www.marinelink.com/news/drone-strike-sparks-fire-adnocs-ruwais-536780
https://www.marinelink.com/news/drone-strike-sparks-fire-adnocs-ruwais-536780The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, snapped a three-day losing streak, rising about 2.8% to 2,066 points, underpinned by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, rebounded by 7.8% to 2,835 points. Meanwhile, the panamax index, which ...
https://www.hellenicshippingnews.com/baltic-dry-index-halts-3-day-slump/
https://www.hellenicshippingnews.com/baltic-dry-index-halts-3-day-slump/Norwegian offshore service provider Archer has been awarded a three-year contract extension under a long-term frame agreement with an unnamed client for wireline services. The company said in an Oslo Bors filing that, based on 2025 activity levels, the annual revenue from this contract is estimated to represent between 7 and 9% of total well …
https://splash247.com/archer-locks-in-three-more-years-of-wireline-work-in-norway/
https://splash247.com/archer-locks-in-three-more-years-of-wireline-work-in-norway/The US Bureau of Ocean Energy Management (BOEM) has revealed that estimate the Outer Continental Shelf still holds a century-worth of undiscovered but recoverable oil and natural gas resources. This was published in the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural …
https://splash247.com/us-offshore-could-support-another-century-of-oil-and-gas-production/
https://splash247.com/us-offshore-could-support-another-century-of-oil-and-gas-production/The latest installment from Maritime CEO’s guide to shipping in the Year of the Horse. Following last October’s dramatic failure to get the Net-Zero Framework (NZF) over the line, and the current US administration’s disdain for many branches of the United Nations, the International Maritime Organization (IMO) finds itself under red-hot pressure heading into the …
https://splash247.com/how-can-the-imo-reassert-its-role-as-shippings-global-regulator/
https://splash247.com/how-can-the-imo-reassert-its-role-as-shippings-global-regulator/Capesize bulkers are back on top in this week’s broker reports as prices continue to firm, with Chinese and Greek buyers dominating acquisitions in early March. While momentum in recent weeks has been concentrated in the kamsarmax and supramax segments — particularly early-2010s-built tonnage — attention is now shifting back to the capesize sector, with …
https://splash247.com/navitas-compania-maritima-emerges-with-a-capesize-bulker-bargain/
https://splash247.com/navitas-compania-maritima-emerges-with-a-capesize-bulker-bargain/Friederike Hesse, co-founder and managing director of carbon emissions optimising platform ZERO44, is looking forward to her first Geneva Dry next month. She does have one bold request however for the hundreds of owners and charterers who will be heading to the President Hotel Wilson on April 28 and 29 for the world’s premier commodities …
https://splash247.com/geneva-dry-dialogues-zero44/
https://splash247.com/geneva-dry-dialogues-zero44/U.S. Customs and Border Protection officers seized approximately 214 pounds (97 kilograms) of cocaine concealed from under a vessel arriving on Feb. 26. The estimated value of the seized cocaine is $1.7 million.CBP officers discovered the narcotics…
https://www.marinelink.com/news/cbp-officers-seize-pounds-cocaine-puerto-536738
https://www.marinelink.com/news/cbp-officers-seize-pounds-cocaine-puerto-536738