The Port Journal

The company highlighted that the hull architecture was designed to accommodate upcoming electric builds, with the hull shape and propulsion system allowing for modifications when required by the offshore wind industry. Chief Executive Officer and Managing Director at HICO Investment Group, Chris Hartnoll, said the company is investing in advanced drive systems to prepare for […]

In 2013, a Russian company, Soyuzneftegaz, signed a deal to explore offshore Syria but the project was dropped two years later amid years of a raging civil war in the country. The majority of Syria’s oil production comes from onshore fields in the northeast, such as the Al-Omar field. UCC Holding is a unit of […]

The headline news that global coal demand reached a record high in 2025 masks some important underlying shifts in how the fuel is being produced, traded and used. The trend of coal production, shipping and demand shifting toward Asia has been in place for decades, but 2025 saw a shift insofar as less coal was […]

The sea-launched Tomahawk, a mainstay of the navy’s surface fleet, provides long-range precision strike capability against land targets from ships and submarines. The land-based Tomahawk variant, a newer addition to the arsenal, gives ground units similar long-range strike options. Production of AMRAAM air-to-air missiles will rise to at least 1,900, RTX said in a statement. […]

Fifteen of these sales resulted from the exercise of declared purchase options. The group also purchased one vessel and signed 24 new lease agreements with purchase options during the year. At the end of December, the net asset value was DKK379 ($57) per share. Chief Executive Officer Jan Rindbo said, “Despite geopolitical uncertainty and challenging […]

FACTBOX | Strait of Hormuz explained: chokepoint for the world’s oil trade

An area off Malaysia’s eastern Johore coastline has for several years seen a concentration of dark fleet tankers, many sanctioned, uninsured, flagless, and in poor seaworthy condition, engaged in the transfer of Iranian crude from tankers ex-Iran to tankers heading for China. This Ship-to-Ship (STS) “transfer box” lies wholly within Malaysia’s Exclusive Economic Zone (EEZ). […]

Flows to drop further in April If India stopped buying Russian oil, Moscow would have to try to re-route it to China at cheaper prices, which would take time, and cut production and exports, said Igor Yushkov, an analyst at Russia’s government-run Financial University. “Output and export cuts would lead to an oil shortage. Hence […]

Russian oil product exports from the Black Sea port of Tuapse are set to rise to 312,000 tonnes in February. This is up 4.7 per cent on a daily basis from 330,000 tonnes loaded in January, two traders said on Wednesday and Reuters estimates showed. February is three days shorter than January. Actual oil products […]

The US military on Tuesday shot down an Iranian drone that “aggressively” approached the Abraham Lincoln aircraft carrier in the Arabian Sea, the US military said, in an incident first reported by Reuters. Separately, in the Strait of Hormuz between the Persian Gulf and the Gulf of Oman, a group of Iranian gunboats approached a […]