The Port Journal

UK speciality insurer Beazley would recommend a sweetened £8 billion ($10.97 billion) takeover by Zurich Insurance once the Swiss firm makes a firm offer, it said on Wednesday after rejecting previous multiple bids. Under the improved proposal, Europe’s second-largest insurer, Zurich Insurance, would pay 1,310p per share in cash plus permitted dividends of up to […]

“The Yoyo-Yolanda project is central to Chevron’s strategy of supporting long-term liquefied natural gas supply and leveraging existing infrastructure at Alen and Punta Europa,” Jim Swartz, managing director for Chevron Nigeria and the mid-Africa region said in Tuesday’s statement. Swartz’s comments followed the signing of a legal contract between Cameroon and Equatorial Guinea on Tuesday […]

Maersk and Hapag-Lloyd announced that they will modify the route of one of their shared services under the Gemini Cooperation, resuming crossings through the Red Sea and the Suez Canal with naval escort. The decision marks a cautious move back to the region after months of restrictions caused by security risks. According to the companies, […]

A sightseeing vessel that ran aground and ended up partially capsized off New Zealand’s South Island late last week has leaked some of its diesel fuel into the sea. Black Cata 17-metre dolphin-watching vessel operated by local company Black Cat Cruises, became stranded just outside South Island’s Akaroa Heads on the morning (local time) of […]

Strong margins, higher gas sales drive OMV Petrom’s Q4 profit jump

Malaysia’s MISC and its Japanese partner have secured a 10-year time charter with Norway’s Northern Lights joint venture for a new liquefied carbon dioxide carrier, the Malaysian shipper said on Wednesday. The 12,000-cubic-metre carrier, which will be owned jointly by MISC and Japanese shipper Kawasaki Kisen (K Line), is expected to feature dual-fuel liquefied natural […]

Fifteen illegal migrants died in the Aegean Sea off Greece on Tuesday after their boat collided with a coast guard vessel off the island of Chios, the coast guard said. A coastguard official said they spotted a dingy transporting illegal migrants towards Chios, which lies a few miles off the coast of Turkey, and ordered […]

The global liquefied natural gas (LNG) market is expected to stay finely balanced this year as thin supply buffers, low European inventories and recovering Asian demand leave little room for unexpected weather shocks, an Eni executive said. “Europe has very low storages, and we need to refill it in the summer,” Cristian Signoretto, director for […]

QatarEnergy will supply Petronas two million metric tons a year (mtpa) of liquefied natural gas (LNG) in a 20-year deal, the Malaysian state-run firm said on Wednesday, helping address the country’s rising gas demand amid dwindling reserves. The deal, signed at the LNG2026 conference in Doha, is the first long-term supply arrangement between the two […]

Francesco Valente, the Chief Executive Officer of Vigor Marine Group, will continue to lead the company. The existing leadership team will remain in place to ensure continuity and the execution of the firm’s long-term strategy, Antin said. Valente stated that the partnership provides, “the added resources we need to take the next step in our […]