Additional LNG Exports from Plaquemines LNG Approved
U.S. Secretary of Energy Chris Wright has authorized an immediate 13% increase in exports at Venture Global’s Plaquemines LNG Terminal in Louisiana.The authorization allows additional exports of up to 0.45 billion cubic feet per day (Bcf/d) of U.S. natural gas as LNG to non-free trade agreement (FTA) countries from the Plaquemines LNG Terminal.Plaquemines LNG is now authorized to immediately export…
BP Wins US Approval for Kaskida Project
British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late on Friday.The $5 billion investment would unlock 10 billion barrels of resources that BP has discovered in the Paleogene fields of the U.S. Gulf, the spokesperson said.The U.S. Department of the Interior's approval of Kaskida follows a year-long review of the company's development plan…
EU to Discuss Bolstering Middle East Naval Mission
European Union foreign ministers will discuss on Monday bolstering a small naval mission in the Middle East but are not expected to decide on extending its role to the choked-off Strait of Hormuz, diplomats and officials say.The EU’s Aspides mission was established in 2024 to protect ships from attacks by Yemen’s Houthi rebel group in the Red Sea. It currently has an Italian and a Greek ship under…
Revolution Wind Now Delivering Power to New England
Revolution Wind, a 50/50 joint venture between Global Infrastructure Partners’ Skyborn Renewables and Ørsted, started delivering power to New England's electric grid on March 14.Revolution Wind, a 704MW offshore wind energy project, is expected to supply enough electricity to power more than 350,000 homes and businesses. The project will deliver power under fixed-price, 20-year agreements with energy utilities in Rhode Island and Connecticut.At a time of rising electricity demand…
EU Doesn’t See Risks to Oil and Gas Supply Yet
In separate ad hoc meetings of the Gas Coordination Group and the Oil Coordination Group held on March 12, the Commission and EU countries assessed the situation concerning the EU’s gas and oil security of supply in view of the continued disruptions in the Middle East. During the exchange, EU countries confirmed that they do not observe any security of supply risks at the moment. Oil stocks remain at a high level…
InterManager Advises Extreme Caution for Ships Considering Hormuz Transit
InterManager has expressed serious concern about the worsening security situation affecting commercial shipping in the Middle East Gulf and the Strait of Hormuz.In light of the recent attacks on merchant vessels in the region, InterManager is urging ship managers, owners and operators to exercise extreme caution and carefully evaluate whether transit through the Strait of Hormuz is necessary at this time.
IMO Progresses Lifeboat Air Supply Requirements
The IMO Sub-Committee on the Ship Systems and Equipment (SSE) held its 12th session from March 9 to 13, 2026. ABS has issued guidance on the significant issues progressed at the session including the proposed amendments to the LSA Code.The amendments introduce a new paragraph in Chapter IV requiring that partially enclosed lifeboats installed on or after 1 January 2032 be equipped with a means of supplying sufficient air to maintain CO₂ concentrations below 5…
US Officials Predict Quick End to Iran War
U.S. officials responding to economic uncertainty over high oil prices predicted on Sunday that the U.S.-Israeli war on Iran would end within weeks and that a drop in energy costs would follow, despite Iran's assertion that it remains "stable and strong" and ready to defend itself.U.S. President Donald Trump threatened more strikes on Iran's main oil export hub Kharg Island over the weekend and said…
Breaking the Ice: How a Space-Based Initiative is Solving a Maritime Challenge
This winter, ice on the Great Lakes is expected to impact a maritime economy valued at $35 billion. The wealth of data provided by space-based assets offers a potential lifeline for navigating these frozen waters. However, data alone is not a solution. Without the means to translate raw satellite feeds into actionable intelligence, it remains an untapped resource, a digital haystack without a needle.In response, and in partnership with the U.S.
Offshore Service Vessels: A Measured Market Recovery
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand. For now…
The Impact of U.S.-Venezuela Relations on Ocean Shipping
U.S.–Venezuela relations have entered a consequential phase for ocean transportation, energy markets, and trade compliance. Sanctions targeting Venezuela’s oil sector and maritime networks now combine escalated enforcement, including tanker seizures, vessel interdictions, and intensified scrutiny of shipping structures, with narrowly-tailored licenses permitting specific oil exports, diluent shipments, and related maritime services.
Built on the Rivers: Aimee Andres and the Expanding Role of America’s Inland Ports
For Aimee Andres, the nation’s inland rivers are not an abstract transportation network or a policy talking point. They are personal. Growing up, she spent her formative years around ports, terminals and railroads, watching firsthand how freight moved and how quietly essential inland infrastructure is to the country’s economic engine. That upbringing ultimately led her to a role she has now held for more than a decade: Executive Director of Inland Rivers, Ports & Terminals (IRPT).
Louis Dreyfus Company Appoints Landerretche CFO
Louis Dreyfus Company B.V. (LDC) appointed Sébastien Landerretche as the Group’s Chief Financial Officer (CFO), effective March 18 and based in Switzerland.Landerretche joined the Group in 2004, leading global ocean freight research, based in China. He subsequently held several key leadership roles based in Singapore, including Regional Head of Oilseeds and Regional Head of Freight for Asia, until his appointment as Global Head of Freight in 2015, based in Switzerland.
Maersk Offshore Names New WTIV Ahead of US Offshore Wind Deployment
Maersk Offshore Wind has officially christened its new Seatrium-built wind turbine installation vessel (WTIV) Maersk Viridis, marking the entry of the first vessel in the company’s new offshore wind installation fleet.The naming ceremony was held on board the vessel, where its godmother, Charlotte Nørkjær Larsen, formally named the ship by smashing a bottle of champagne against the main crane pedestal.Delivered by Seatrium…
Seadrill Appoints New CEO
Offshore drilling contractor Seadrill has appointed Samir Ali as its new chief executive officer (CEO).Effective immediately, Samir Ali will step up from its Executive Vice President, Chief Commercial Officer (CCO) position to its new role, succeeding Simon Johnson.Ali has served as Executive Vice President, Chief Commercial Officer of the company since August 2022. Prior to joining Seadrill, Ali was with Diamond Offshore…
Iran Allows Turkish-Owned Vessel to Pass Through Strait of Hormuz
A Turkish-owned ship that had been waiting near Iran was allowed to pass through the Strait of Hormuz after authorities received permission from Tehran, Turkish Transport and Infrastructure Minister Abdulkadir Uraloglu said.In comments to Turkish media on Thursday that were released on Friday, Uraloglu said Ankara had declared the highest-level security warning for the strait and continued contacts…
Iran Orders Vessel Coordination with Navy in Hormuz Strait Transit
Ships must coordinate with Iran's navy to pass through the Strait of Hormuz, the country's foreign ministry spokesperson said in comments carried by Mehr news agency on Thursday.Iran will fight on and keep the Strait of Hormuz shut as leverage against the United States and Israel, new Supreme Leader Mojtaba Khamenei said on Thursday in defiant first comments attributed to him since he succeeded his slain father."The security of the Strait of Hormuz is of vital importance to Iran…
Iranian Oil Exports Continue Through Hormuz Strait as Gulf Flows Stall
Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from other Gulf countries, a Reuters review of tanker tracking data showed.Iran has exported about 13.7 million barrels of crude oil since Israel and the U.S. launched attacks on the country on February 28, according to analysis from TankerTrackers.com…
Mitsubishi Shipbuilding Delivers Training Ship
Mitsubishi Shipbuilding has delivered the Wakashio Maru, a training ship for National Institute of Technology, Toyama College in Japan.This is the first replacement ship for the school since 1995 and the first ship Mitsubishi Shipbuilding has built for the school. The 56-meter vessel can accommodate 60 people.The ship will be utilized for navigation practice, operations, and ocean-related research…
NYK Group Acquires Saga Welco
NYK Group has reached an agreement with the Norwegian shipping company Westfal- Larsen Group to fully acquire Saga Welco.Saga Welco, a Norwegian shipping operator specializing in transporting cargo via open-hatch vessels, is currently jointly owned by NHE and the Westfal-Larsen Group, with each party holding a 50% stake. The transaction is expected to be finalized within 2026, subject to regulatory…
