Yemen’s Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized the vessel off the coast of Yemen, Al Arabiya reports the Houthi-controlled Al Masirah
Asyad Group Outlines Plans to Sell 20% of Shipping Business via IPO
Oman's state-owned logistics firm Asyad Group plans to sell shares in its shipping subsidiary through an initial public offering, it said on Wednesday, as part of the Gulf country's privatization drive.The group,
USCG Commandant Linda Fagan relieved of duties
The first woman to lead the U.S. Coast Guard, Admiral Linda L. Fagan, has been relieved of her duties as Commandant. Members of the service learned of the change in the following
Venture Global LNG slashes IPO price range
Venture Global initially planned to offer 50 million of its Class A common stock priced between $40 and $46 each, seeking to raise up to $2.3 billion. Based on
Evergreen plans order for LNG-powered vessels
If finalized, this would be the first order for LNG dual-fuel vessels for Evergreen, which has mainly focused on ordering methanol-powered ships during the last few years, the sources said.
Oil Tanker Vessel Deliveries Plummet 74% in '24
“In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, with a capacity of 2.5m deadweight tonnes (DWT), joined the fleet. Compared to 2023, the capacity
USCG Adm. Lunday Orders Surge of Assets Toward Border Protection
The Coast Guard announced immediate action on executive orders issued by the White House Tuesday.“The U.S. Coast Guard is the world’s premiere maritime law enforcement agency, vital to protecting America’s maritime borders,
Summit urges Petrobangla to reconsider decision on Bangladesh’s third FSRU
Summit said in a statement on Wednesday that the termination was "not only invalid but that any delay to the project, for which Summit has already invested approximately $20 million ...
Wallenius Wilhelmsen Opens its Brunswick Terminal
Wallenius Wilhelmsen has marked the official opening of its South Atlantic hub - the Brunswick terminal, Equipment Processing Center (EPC) and Vehicle Processing Center (VPC). The grand opening marks another strategic investment
Celsius, Jera seal charter deal for newbuild LNG carrier
Celsius revealed the charter deal on Wednesday, but it did not provide further information regarding the contract. VesselsValue data suggests the charter deal is for 10 years.
U-Ming enters into LNG shipping with K Line deal
U-Ming said in a statement that the two firms have established a joint venture to own one LNG carrier jointly. The 174,000-cbm vessel is already under construction at South
Woodside’s Scarborough project 78 percent complete
The Perth-based LNG player said in its fourth-quarter report that the Scarborough project remains on track for first LNG cargo in 2026. The project was 73 percent complete at the end
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