Corpus Christi, TX, USA –Phillips 66 and Trafigura Group pte. Ltd announced today that they have formed a 50/50 joint venture, Bluewater Texas Terminal LLC (“Bluewater […]

Oil output estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years and could send […]

2020 will be a peak year for floating production, storage and offloading unit (FPSO) demand with up to 14 awards forecast in Wood Mackenzie’s base case […]

The swollen number of orders felt in 2019 for floating production, storage and offloading vessels (FPSO) was, it turns out, well above the average number of […]

The Maritime Union of Australia (MUA) is planning a new wave of industrial action across Australian terminals as tensions between the union workers and stevedoring company […]

Europe’s top bunkering port, the Port of Rotterdam, has seen an increase in LNG bunkering at the port. Based on the data from the port authority, […]

Japan’s Marubeni Corporation and Norwegian dry bulk operator Klaveness are merging Panamax Pool activities. A jointly owned pool management company, Maruklav Management Inc., will be led […]

Croatian DIV Group has agreed with Norwegian expedition cruise operator Hurtigruten to acquire Kleven Verft, a Ulsteinvik-based builder of ferries and offshore support vessels.  The agreement […]

Korean shipping giant Hyundai Merchant Marine (HMM) roughly anticipates a 25% improvement in its revenue for 2020, reaping the fruits from the impending deployment of its […]