Energy.
Lloyd’s Register and MARIC unveil tri-fuel-ready tanker concept designed to navigate fuel uncertainty
Approval in Principle advances LNG, methanol and ammonia-ready tanker design, giving owners the flexibility to leverage multiple fuel pathways. Lloyd's Register and the Marine Design and Research Institute of China have secured Approval in Principle for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia. Announced at SMM 2026,…
Okun Energia Oy optimises data center waste heat and bioenergy use in district heating through Valmet’s automation
Valmet is to deliver a district heating optimization solution to Okun Energia Oy’s Miilu heat plant area in Outokumpu, Finland. The solution provides cost-effective, operator-independent control of…
Strait of Hormuz closure risks greatest global energy supply shock in decades, Wood Mackenzie warns
A prolonged closure of the Strait of Hormuz poses the single greatest threat to global energy markets in decades, according to a new Horizons report from Wood Mackenzie, Strait Talking: Iran War…
Biofuel Bunker Snapshot: Conventional VLSFO prices weigh on B30 blend prices
Rotterdam and Europe Rotterdam’s B30-VLSFO (POMEME) price has decreased by around $59/mt in the last week. A drop in the port’s conventional VLSFO price has weighed on the blend’s price. Prima…
AKERBP celebrates completion of major Valhall module in Grimstad
The 1,000-tonne MEG module for the new platform at the Valhall field is now ready for transport from Nymo’s yard in Grimstad. Today, employees, apprentices, partners and authorities gathered to…
Seadrill announces West Polaris contract extension in Brazil
Seadrill announced the ultra-deepwater drillship, West Polaris, was awarded a 1,095-day contract extension with Petrobras for the Búzios field in the Santos Basin, offshore Brazil. The additional…
US supply chains intact but fuel costs rise amid Middle East tensions
Bunker fuel used by container vessels has doubled over the past three weeks, increasing costs across supply chains. There is a low probability that American consumers will be immediately impacted by…
Beyond oil: Strait of Hormuz power struggle threatens fertiliser and ammonia trade
The trade of global fertiliser and ammonia faces intense pressure due to the effective closure of the Strait of Hormuz as diplomatic talks between the US and Iran remain uncertain. Rystad Energy’s…
Anthony Veder and Gasum expand partnership to advance FuelEU Maritime compliance with bio-LNG
Two Anthony Veder vessels join Gasum’s compliance pool as surplus generators. Nordic energy company Gasum and gas shipping company Anthony Veder are expanding their partnership to meet FuelEU…
VLSFO cracks retain support but spot premium eases
Asia’s very low sulphur fuel oil (VLSFO) cracks retained support on Wednesday, though the market’s spot premium pared gains after a recent rebound. The product’s front-month crack traded higher to a…
New Fortress Energy reaches Milestone Agreement for long-term gas supply with Puerto Rican Government
New Fortress Energy announced that it has reached agreement on contract terms with the Third-Party Procurement Officeand the Puerto Rico Public-Private Partnerships Authorityfor the long-term…
Unlocking e-fuels for aviation and shipping and clean transport infrastructure
What is STIP and why is it key to accelerate the decarbonisation of transport in Europe? The European Sustainable Transport Investment Plan (STIP) is a proposal aimed at mobilising and coordinating…
TotalEnergies is awarded four offshore exploration permits in Liberia
TotalEnergies has signed four Production Sharing Contracts (PSC) for the LB-6, LB-11, LB-17 and LB-29 Exploration blocks offshore Liberia, which were awarded following the 2024 Direct Negotiation…
Japanese shipowner Nissen Kaiun takes stake in Dutch Wind-Assist pioneer Econowind
Japanese shipowner Nissen Kaiun has become a shareholder in Dutch Wind-Assisted Shipping Propulsion pioneer Econowind. This move highlights growing industry interest in fuel-neutral technologies. The…
The great LNG shipping reset: how geopolitics is rewriting maritime energy rules
What began as a predictable point-to-point trade has transformed into a complex web of geopolitical calculations, environmental compliance, and strategic fleet planning that will define energy…
Developer of civilian maritime nuclear, CORE POWER, welcomes US-UK agreement to accelerate deployment and UK investment in maritime decarbonisation
The U.S. and the UK announced a bilateral collaboration to accelerate reactor licensing from three or four years to two, and a commitment to work hand-in-hand to share the workload of new projects…
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