The Port Journal

Survivors of a shipwreck that killed 15 Afghan illegal migrants off Greece last week said that the dinghy they were in did not change course or ram a coastguard vessel, contradicting the official account by authorities. Fifteen people died in the shipwreck off the island of Chios on February 3. Two dozen others, including 11 […]

US container imports totalled 2,318,722 20-foot equivalent units (TEU) in January, exceeding the historical average for the month. This likely points to a more normalised trade environment shaped by steady demand rather than frontloading activity, Descartes said. Imports from China totalled 771,093 TEU last month. This was down 22.7 per cent from January 2025. China […]

Danish shipping company Maersk said on Monday it had signed an order for eight large container vessels to be built by China’s New Times Shipbuilding, for delivery in 2029 and 2030. The 18,600 TEU vessels will be equipped with dual-fuel engines able to operate on conventional bunker fuel or liquid gas, Maersk said in a […]

HD Korea Shipbuilding and Offshore Engineering reported a full-year operating profit of KRW3.9045 trillion ($2.8922 billion) for the 2025 fiscal year. This figure represents a 172.3 per cent increase compared to the previous year, according to a company earnings report released on February 9, 2026. The shipbuilding group achieved annual revenue of KRW29.9332 trillion, marking […]

New Zealand has shortlisted contractors to build a liquefied natural gas (LNG) import facility to boost energy security, provide a reliable backup power source and support economic growth, Energy Minister Simon Watts said on Monday. The government aims to sign a contract by the middle of this year for an import facility in Taranaki, on […]

India’s state refiners Indian Oil Corporation and Hindustan Petroleum Corporation have together bought two million barrels of Merey crude from Venezuela for delivery in the second half of April, two trade sources aware of the deal said. The crude will be carried on a single very large crude carrier with IOC taking about 1.5 million […]

But, again, the market does not know. This opacity has become a major blind spot for the oil market and has altered the way rising storage levels are interpreted. Historically, oil prices have closely tracked inventory changes in Organisation for Economic Co-operation and Development countries, particularly the US and Europe, which long dominated global demand. […]

Bhagwan said Riverside is forecasting FY26 revenue of AU$63 million (US$44 million) and gross operating profit of AU$26 million (US$18 million). Among other things, the acquisition will ensure further diversification across services including third-party vessel operations, harbour tugs, sand dredging and commercial ferries; give Bhagwan an established presence in North Queensland, with additional operations in […]

Austal Philippines has begun construction of a new high-speed, hydrogen-ready ferry ordered by Swedish transport company Gotlandsbolaget. Upon completion, Horizon X will measure 130 metres long and will be able to carry up to 1,500 passengers plus 400 vehicles and other cargo. The ferry will operate on multiple fuel types in addition to hydrogen. The […]

Other oil executives allegedly paid for flights on private jets for Ms Alison-Madueke to destinations, which prosecutors claim included Vienna, Hamburg and Doha, with each flight costing tens of thousands of dollars, allegedly. The court also heard allegations that Ms Alison-Madueke’s brother Doye Agama, the churchman, was part of a conspiracy to conceal bribes disguised […]