The first seasonal Russian liquefied natural gas (LNG) shipment of the 2026 sailing season via the Northern Sea Route (NSR) arrived at the Kamchatka Peninsula on Thursday, 11 June 2026.The…
AlessandroJune 11, 2026
The Union of Greek Shipowners (UGS) has strongly rejected any possibility of paying transit fees to navigate the Strait of Hormuz, stating there are no circumstances under which commercial shipping…
AlessandroJune 7, 2026
Eni final investment decision (FID) for Baleine Phase 3 marks a massive $4 billion expansion that will triple Côte d’Ivoire’s oil production capacity and position the nation as a premier…
AlessandroJune 6, 2026
US Secretary of State Marco Rubio stated before the Senate Foreign Relations Committee that the United States intends to restate full sanctions against Russian oil and end current exemptions "as…
AlessandroJune 3, 2026
BP is actively considering a complete exit from the UK North Sea following tax increases and regulatory shifts. The energy major recently held advanced talks with Ithaca Energy to sell…
AlessandroJune 3, 2026
The G7 and European Union price cap mechanism targets Russia's maritime fossil fuel revenues. It operates through maritime services rather than outright trade bans.The Core Mechanism: Western shipping companies, maritime…
AlessandroJune 2, 2026
The ongoing Middle East crisis will not cause the global shipping industry to completely run out of bunkers. However, ship owners and charterers will have to adjust to prolonged periods…
AlessandroJune 1, 2026
Vitol, a major trader and shipowner, is aggressively securing Very Large Crude Carriers (VLCCs) on 12-month time charters at high rates as of May 2026.This strategy acts as a hedge…
AlessandroMay 21, 2026
South Korea is actively pursuing a resumption of Venezuelan crude oil imports for the first time in over two decades to diversify its energy supply. This move is a direct…
AlessandroMay 19, 2026