Northern Lights Expands CO2 Fleet
Northern Lights JV has awarded a charter agreement to a consortium of “K” Line and MISC Berhad initially for one new liquid CO₂ transport vessel. A second vessel will be awarded to the same consortium in April 2026. Further, two charter agreements have been awarded to Mitsui O.S.K. Lines for two new CO₂ transport vessels.The three first vessels awarded will each have a 12,000 m3 cargo capacity.The…
Trump declares that India will purchase oil from Venezuela and not Iran
U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world's third-biggest oil importer buys. "We've already made that deal, the concept of the deal," Trump told reporters aboard Air Force One as he traveled to his vacation home in Florida from Washington.Reuters reported on Friday that the United States has told Delhi it could soon resume purchases of Venezuelan oil to help replace imports of Russian oil…
Malaysia Seizes Crude Oil from Suspect Tankers
Two tankers suspected of illegal ship-to-ship oil transfers were detained and more than 512 million ringgit ($129.9 million) worth of crude oil seized 24 nautical miles west of Muka Head, Penang last week, the Malaysian Maritime Enforcement Agency said on Saturday.The agency did not specify the origin of the oil being transferred.The waters off Malaysia are known as a regular site for illegal ship-to-ship transfers, where oil is shifted between tankers at sea to obscure its origin.
