Tuesday, October 21, 2025

Oil

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Oil

Bahri renews 10-year contract of affreightment with S-Oil Corporation Transport Crude Oil Cargoes

Bahri, the Kingdom’s leading shipping and logistics provider, announced the renewal of its long-term Contract of Affreightment (COA) with S-Oil Corporation one of South...

Colombia’s Ecopetrol to launch bidding for Covenas regasification project

Colombian state-run oil company Ecopetrol, opens new tab is set to launch the bidding process later this month for a regasification project at its...

Oil barrels at sea soar to most since 2023 as supply glut looms

The amount of oil on tankers plowing the world’s oceans climbed to the highest in more than two years, the latest indication of swelling...

OPEC+ plans another oil output hike in November, sources say

OPEC+ will likely approve another oil production increase of at least 137,000 barrels per day at its meeting next Sunday, as rising oil prices...

US pressures European leaders over Russian oil purchases

U.S. President Donald Trump told European leaders on Thursday that Europe must stop buying Russian oil that he said is helping Moscow fund its...

Shell enters into an agreement for employment of MOL Group’s CTV off the Coast of Brazil

Mitsui O.S.K. Lines announced that a cargo transfer vessel owned by its wholly owned subsidiary SeaLoading Holding AS will be shared by TotalEnergies EP...

EU to buy $750 billion of US energy in trade agreement

The EU has agreed to buy $750 billion worth of energy from the US as part of the two sides’ trade agreement, which could...

Venezuela’s oil exports on the rise as more cargoes head to China

Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous month as the loss...

Panama tightens oversight on oil transfer operations

In a move aligned with the standards of the International Maritime Organization (IMO), Panama has strengthened its requirements for ship-to-ship (STS) oil transfer operations...

US sanctions on China refiners over Iran oil disrupt operations, sources say

Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under...

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CMB.TECH continues fleet rejuvenation strategy

CMB.TECH NV has provided a market update regarding its fleet rejuvenation efforts in Q3 and Q4 2025.

Castor Maritime announces $50.0 million Debt Financing and Full Redemption of the 8.75% Series E Cumulative Perpetual Convertible Preferred Shares

Castor Maritime, a diversified global shipping and energy company, announces the signing of a $50.0 million sustainability-linked senior term loan facility with a European...

Konstantakopoulos issued special stock by Costamare

Costamare announced that it has entered into a Stock Subscription Agreement with Konstantinos Konstantakopoulos, pursuant to which Mr. Konstantakopoulos will purchase 1,200 shares of...

C3is Inc. announces closing of $2 million registered direct offering

C3is Inc., a ship-owning company providing dry bulk and tanker seaborne transportation services, today announced the closing of its previously announced registered direct offering...

Panama Canal posts $5.7 bln in FY2025 revenue, transits jump 19%

The Panama Canal said revenues rose around 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, authorities said...

Seaspan strengthens fleet efficiency through comprehensive vessel retrofits and upgrades

Seaspan provides an update on its SAVER (Seaspan Action on Vessel Energy Reduction) program launched in...

Baltic Index steady on minimal gain across vessel segments

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

INTERTANKO to continue its focus on practical pathways in the absence of an agreement...

After an intense week ending in a vote, the International Maritime Organization’s Net Zero...

ABS to acquire MetaSHIP assets to expand immersive maritime training

American Bureau of Shipping has agreed to acquire the MetaSHIP intellectual property and vessel...

IMO net-zero shipping talks to resume in 2026

The International Maritime Organization (IMO) has agreed to adjourn the extraordinary session of the...

Global Ship Lease issues statement regarding China-Specific port fees and US ownership

Global Ship Lease, a containership owner and lessor, issued the following statement in response to the Implementation Measures on the Special Port Charges for...

Port of Los Angeles strategies continue to deliver clean air gains

The Port of Los Angeles is furthering its progress in reducing pollution from all sources that move cargo through its gateway. In 2024, when...

Pacific basing takes measures to comply with port fee regulations

Pacific Basin Shipping has issued a trading update for the third quarter of 2025.

Wallenius Wilhelmsen suspends 2025 Outlook on US port fees impact

On October 10, 2025, a proposed modification of Annex III in the USTR section 301 on port fee regulations was released. In the proposal,...

First “Special Port Fee” reportedly charged in China – report

According to information circulating within industry channels, the U.S.-flagged container ship MV MANUKAI, operated by Matson, has reportedly become the first vessel to be...