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EU Lifts Sanctions on Heavy-Load Carriers ‘Audax’ and ‘Pugnax’ Involved in Russian Arctic LNG Construction

In a surprise move the EU has delisted two polar class heavy lift vessels, Audax and Pugnax. The vessels were purpose-built for the...

Carnival and Miami Heat Donate $1 Million for Jamaica Relief

Carnival Corporation, together with the Miami Heat and the Micky & Madeleine Arison Family Foundation, has donated $1 million to Direct Relief to support...

UK may lift windfall levy on oil and gas firms sooner than planned

Britain’s controversial finance minister, Rachel Reeves, could scrap a windfall tax on the country’s oil and gas industry a year earlier than planned, the...

OPINION | Diesel price spike from Russia sanctions may be short-lived

A new wave of Western sanctions on Russia’s oil industry has roiled the diesel market, sending refining margins soaring, but global supplies are unlikely...

USA – China: Port duties frozen for one year

The trade war between the world’s two largest economies appears to be heading into a recession, following the meeting between D. Trump and Xi...

China Leads World’s Underground Gas Storage Buildup

October 29, 2025 - China has increased its underground gas storage capacity by the most of any country since 2022, the International Gas Union...

The Daily View: Shipping’s green reset

THE colour green fell out of fashion for big business a while ago now. Trump’s re-election, higher interest rates and inflation, wars in Ukraine and...

P&I premiums have risen for eight consecutive years

The global shipping insurance market is facing persistent cost pressures. According to the latest forecast from Standard & Poor’s, starting from February 2026, global...

ESL Shipping published a 75th anniversary book

The book traces the origin of ESL Shipping back to the 1920s and the founding of the Fuel Cooperative. The Fuel Cooperative was established...

Global natural gas demand will continue to grow, FLNG is expected to usher in a highlight moment

Recently, U.S. liquefied natural gas (LNG) export infrastructure developer Delfin Midstream signed a Letter of Intent for Award with South Korea’s Samsung Heavy Industries,...
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