Kongsberg Maritime, KOTUG Pen Extended Tug Thruster Deal

Kongsberg Maritime has signed an extended thruster coverage agreement with KOTUG International to provide long-term propulsion service support for five newbuild azimuth stern drive tugs being deployed for offshore terminal operations in

Marco Polo, Siemens Gamesa Ink Two-CSOV Framework Agreement

Singapore-listed marine logistics company Marco Polo Marine's offshore wind division, PKR Offshore, has signed a framework agreement with Siemens Gamesa for the deployment and charter of two commissioning service operation vessels (CSOVs)

LNG Tankers Resume Hormuz Crossings Amid Tensions

More liquefied natural gas tankers have resumed transiting the Strait of Hormuz in recent days, ship-tracking data showed, and 22 Japan-linked vessels have left the Gulf since Tuesday, Tokyo said, despite renewed

Turkey, Iraq Extend Oil Pipeline Agreement

Turkey and Iraq are set to sign, within days, a one-year agreement to keep open the crude oil pipeline between the two countries, Turkish Energy Minister Alparslan Bayraktar said on Thursday.Their decades-old

Maersk Resumes Suez Canal Route From Middle East to US

Maersk, one of the world's biggest container shipping groups, said on Thursday it would resume its Middle East-to-U.S. East Coast service through the Suez Canal, as the Danish group takes another step toward restoring routes through the

Oil Prices Lower Ahead of Possible US-Iran Peace

Oil prices eased on Thursday after earlier gains as markets assessed the escalating conflict between the U.S. and Iran and its implications for efforts to end the war and fully reopen the

US Natural Gas Prices Drop to Six Week Low

U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to

Steerprop Receives Propulsor Order for Third Med Marine Tugboat

Finnish marine propulsion company Steerprop remains as a supplier for a series of tugboats being built by Turkish shipyard group Med Marine, securing a repeat order for two Steerprop SP 175 T

Stolt-Nielsen Limited Shares Q2, H1 2026 Results

Stolt-Nielsen Limited reported unaudited results for the second quarter ending May 31, 2026. The company reported a second-quarter net profit of $51.7 million with revenue of $750.3 million, compared with a net