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Supermajor BP and the Venezuelan government have signed agreements to advance offshore gas development, including awarding an exploration and production licence for a new phase of the Loran field in the Plataforma Deltana area. BP will operate the project, which covers resources estimated at around 4trn cubic feet of recoverable gas, in partnership with XRG, …
https://splash247.com/bp-strengthens-offshore-gas-push-in-venezuela/
https://splash247.com/bp-strengthens-offshore-gas-push-in-venezuela/China’s push to establish an Arctic container corridor to Europe has moved from experiment to scheduled service, with Sea Legend launching weekly sailings along Russia’s Northern Sea Route. The 1,740 teu Dubai Tower departed Ningbo-Zhoushan on Saturday evening, marking the start of Sea Legend’s first regular seasonal Arctic service following a successful trial voyage last …
https://splash247.com/chinas-arctic-container-experiment-turns-into-weekly-service/
https://splash247.com/chinas-arctic-container-experiment-turns-into-weekly-service/Abu Dhabi sovereign investor L’IMAD has launched a cash offer worth about AED7.8bn ($2.1bn) for the remaining 24.58% of AD Ports Group, seeking full ownership of one of the Gulf’s most acquisitive ports and logistics groups. The bid is being made through L’IMAD’s subsidiary ADQ, which already holds 75.42% of AD Ports. Minority shareholders are …
https://splash247.com/abu-dhabi-owner-moves-to-take-ad-ports-private/
https://splash247.com/abu-dhabi-owner-moves-to-take-ad-ports-private/Persistent port congestion is effectively removing around 1.7m teu of containership capacity from the global market, an amount approaching the size of Evergreen’s entire fleet, according to new analysis from Sea-Intelligence. The Copenhagen-based consultancy said its latest Global Liner Performance report shows little sign that liner schedule reliability is improving, with June 2026 performance continuing …
https://splash247.com/box-port-delays-knock-out-nearly-an-evergreen-sized-fleet/
https://splash247.com/box-port-delays-knock-out-nearly-an-evergreen-sized-fleet/Abu Dhabi’s ADNOC has suffered another vessel attack in the Strait of Hormuz even as increasingly sophisticated shuttle operations allow Gulf oil exports to keep moving through one of the world’s most dangerous waterways. The latest incident involved the 2012-built, Liberian-flagged bulker Al Watan, struck by an unknown projectile while transiting the Omani corridor on …
https://splash247.com/dark-transits-keep-hormuz-oil-flowing/
https://splash247.com/dark-transits-keep-hormuz-oil-flowing/Sanctioned ships are accounting for an extraordinary share of this year’s tanker recycling market, even as strong freight conditions keep overall demolition activity near historic lows. Clarksons Research reports that 26 sanctioned vessels totalling 2.1m dwt have been sold for recycling so far in 2026, including 22 tankers of 1.8m dwt. Those 22 ships represent …
https://splash247.com/sanctioned-ships-make-up-58-of-tanker-scrapping-deals-this-year/
https://splash247.com/sanctioned-ships-make-up-58-of-tanker-scrapping-deals-this-year/U.S. transportation has steadily become more efficient through advances in engine technology, infrastructure upgrades and increasingly sophisticated logistics networks.The next wave is different. Automation is turning transportation networks…
https://www.marinelink.com/news/automation-optimizing-us-logistics-542135
https://www.marinelink.com/news/automation-optimizing-us-logistics-542135The leader of U.S. Central Command, Admiral Brad Cooper, wrote on Sunday that his recent visit to the USS Abraham Lincoln was "awe-inspiring" and hailed the crew's "resilience" following reports of concerns about mental health and deteriorating…
https://www.marinelink.com/news/admiral-praises-uss-lincoln-crew-amid-542136
https://www.marinelink.com/news/admiral-praises-uss-lincoln-crew-amid-542136Yemen's Mocha port has suspended commercial and maritime operations after being hit by more than 25 missiles in Houthi attacks over recent days, the port's director said on Saturday.The attacks killed seven people and caused an estimated $16 million in losses…
https://www.marinelink.com/news/yemens-mocha-port-halts-operations-houthi-542137
https://www.marinelink.com/news/yemens-mocha-port-halts-operations-houthi-542137Iran called on the U.S. to accept defeat on Saturday, while President Donald Trump blasted Tehran as "very evil" and told Americans to prepare for continued high fuel prices as a result of the war.Progress towards peace talks and oil tanker…
https://www.marinelink.com/news/iran-tells-us-stop-indulging-fantasies-542138
https://www.marinelink.com/news/iran-tells-us-stop-indulging-fantasies-542138