The Shell-led LNG Canada facility has produced its first LNG for export in Kitimat, British Columbia, a spokesperson for the project confirmed on Sunday.The milestone comes in advance of the facility loading its first LNG export cargo, which LNG Canada said it remains on track to do by the middle of this year.The facility is the first large-scale Canadian LNG project to begin production and also the first major LNG facility in North America with direct access to the Pacific coast…
Shipping costs for the Gulf have fallen in the past two days after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions increase, shipping and insurance industry sources said on Thursday.The conflict had raised concerns that Iran could close Hormuz…
The U.S. sent letters to Enterprise Products and Energy Transfer on Wednesday informing the companies they could load ethane on vessels destined for China but could not unload the ethane in China without authorization, according to a person familiar with the matter and copy of one letter…
Crowley, a leader in logistics, marine and energy solutions, is expanding ocean shipping services with its first-ever route between the U.S. Northeast and Central America.Utilizing Crowley's new Avance Class vessels, powered by liquefied natural gas (LNG)…
The General Directorate of Merchant Marine (DGMM) of the Panama Maritime Authority (PMA) has issued a series of warnings to Panamanian-flagged vessels due to rising tensions in the Middle East, through Maritime Notice MMN-04/2025.The DGMM highlighted…
Iran is maintaining crude oil supply by loading tankers one at a time and moving floating oil storage much closer to China, two vessel tracking firms told Reuters, as the country seeks to keep a key source of revenue while under attack from Israel…
Iran and Israel accused each other of endangering commercial activity in sea lanes around the Gulf and the Red Sea at the UN's shipping agency on Wednesday, as their military conflict escalated.Iran's delegation told a session of the International…
Commercial ships are sailing close to Oman and are being advised by maritime agencies to avoid Iran's waters around the Strait of Hormuz, with the risk of the conflict between Israel and Iran escalating, shipping sources said on Wednesday.Iran…
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.Geopolitical risk has spiked following Israel's surprise bombardment…
Japan's second-largest shipping company, Mitsui O.S.K. Lines (MOL), is operating as usual in the Gulf while closely monitoring the situation in the region, CEO Takeshi Hashimoto said on Tuesday.'We are operating so many containers, car carriers and chemical tankers so that it is very…
Marine fuel sales at the United Arab Emirates' Fujairah port hit a three-month low in May, data showed, while market sources said they are monitoring the situation in June as conflict flares between Israel and Iran, heightening regional tensions…
Peter Sand, Xeneta Chief Analyst, shared insights following the escalation of the Israel-Iran conflict.“Geo-politics is once again threatening the safety and stability of global supply chains so we must hope for de-escalation in the conflict between Israel and Iran…
“In a possible sign that the unwinding of OPEC+ production cuts could increase seaborne volumes, the combined crude tanker loadings of OPEC countries has jumped 24% week-on-week to 2.281 million barrels per day (mbpd) in week 23, the bloc’s highest weekly loadings since April 2023…
Over half a dozen U.S.-loaded ethane vessels, originally bound for China, have stalled around the U.S. Gulf Coast after Washington requested U.S. exporters seek licenses to ship the shale gas to the top buyer, according to trade sources and ship tracking data on Friday…
A Florida-based federal emergency response team that reopens U.S. ports after storms and accidents is unstaffed this hurricane season largely due to widespread federal workforce reductions driven by the Trump administration, according to two sources familiar with the matter…
