Tuesday, August 11, 2026

Oil

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Oil

Viridien and Aker BP partner to advance multi-client OBN seismic and geoscience workflows for exploration on the Norwegian Continental Shelf

Viridien and Aker BP have entered into a strategic partnership agreement to strengthen collaboration across multi-client ocean bottom node (OBN) seismic data acquisition, imaging,...

More oil escapes Hormuz, keeping traders guessing

The trickle of tankers exiting the Strait of Hormuz has gathered pace in recent weeks, as traders adopt stealth measures to make the crossing....

Russia ships most oil since 2022 as drones strike refineries

Russia is exporting the most crude since its invasion of Ukraine back in 2022 as Kyiv’s record attacks on its neighbor’s oil refineries force...

Motor Oil: Net profits surge 293% in Q1 – Turnover up 25%

Motor Oil Group announced strong financial results in the first quarter of the year. Specifically, group revenues increased by 25% to 3.36 billion euros, EBITDA...

US imposes fresh sanctions on Iran’s military oil sales, Treasury says

The U.S. said on Thursday it has imposed new sanctions on Iran's ​military oil trade, even as Washington and Tehran reached a ‌tentative agreement...

Hormuz οil flows creep higher as more supertankers exit

The number of supertankers hauling unsanctioned oil through the Strait of Hormuz has shown signs of rising in recent days, offering limited relief to...

Trump Says Iran Ceasefire on ‘Life Support’ as Hormuz Crisis Deepens

President Donald Trump said on Monday that a ceasefire with Iran was “on life support” after he rejected Tehran’s response to a U.S. peace...

UAE quits OPEC in major blow to global oil producers’ group

The United Arab Emirates said on Tuesday it was quitting OPEC, dealing a heavy blow to the oil producers’ group as an unprecedented energy...

IEA head pitches Iraq-Turkey pipeline to bypass Hormuz

International Energy Agency Executive Director Fatih Birol proposed building a new oil pipeline linking Iraq’s Basra oil fields and Turkey’s Mediterranean oil terminal in...

OPEC: Annual oil demand growth unchanged; Q2 drop expected

OPEC keeps annual oil demand growth unchanged but sees drop during the second quarter. Crude Oil Price Movements In March, the OPEC Reference Basket (ORB) value...

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Seaspan Becomes First International Ship Owner & Operator to Access China’s Panda Bond Market

Seaspan, a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in...

DHT Holdings Announces Record Second Quarter 2026 Results

DHT Holdings announced its results for the quarter ended June 30, 2026.

Dorian LPG posts record profit

Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers...

Star Bulk Carriers Reports Strongest Quarterly Results Since Second Quarter Of 2022

Star Bulk Carriers announced its unaudited financial and operating results for the second quarter of 2026.

Genco Announces Q2 2026 Financial Results; Declares Dividend of $0.80 per Share for Q2 2026

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported...

Shipping Industry Sees Major Obstacles to Iran’s Hormuz Control Plan

A proposed deal between Iran and Oman that would give Tehran control over ships...

UK continues crackdown on Russia with tough new sanctions

Russian banks, shadow fleet ships and shady businesses have been slapped with UK sanctions...

Panama Canal Announces New Draft Adjustments for Neopanamax Locks

The Panama Canal Authority announced, through a notice to shipping companies, that effective August...

Iran Says Hormuz Shipping Route Announcement With Oman Nears

Iran and Oman have reached an understanding on the geographic coordinates for a shipping...

Yemen’s Houthis Deny Plans To Impose Fees On Ships Sailing Through Red Sea

Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...

DP World Accelerates Port Decarbonization in Chile

DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...

Piraeus container traffic remains resilient despite Red Sea shipping disruptions

Container traffic at the Port of Piraeus remained resilient in the first half of 2026 despite mounting disruption to global shipping caused by the...

Port of Long Beach, MARAD agree to test nuclear-powered vessels

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...