German gas importer Securing Energy for Europe (SEFE) and GAil announced the settlement in separate statements. SEFE said the two firms reached an amicable settlement regarding the arbitration proceedings

At a Senate Commerce Committee hearing Wednesday, President-elect Donald Trump’s nominee to be U.S. Secretary of Transportation, Rep. Sean Duffy, earned praise from senators on both sides of the dais, citing his

The ever-worsening geopolitical situation is creating unprecedented challenges for the shipping sector and wider supply chain.An expanding shadow fleet, openly undertaking illegal Ship-To-Ship (STS) transfers of Russian oil and Liquified Natural Gas

Fincantieri Marinette Marine (FMM) will receive $3 million from the State of Wisconsin to improve marine infrastructure along the Menominee River where the company builds surface combatant ships for the U.S. Navy.Governor

According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024.

Novatek said in its preliminary report issued on Thursday that the company’s natural gas sales reached 77.76 bcm in 2024. This compares to 78.63 bcm in 2023, which makes