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Second tanker with Qatari LNG struck in Hormuz within a month as force majeure widens

The GasLog Shanghai was struck while leaving the Strait of Hormuz, weeks after the Al Rekayyat was hit in the same area. Italian utility Edison said QatarEnergy had extended force majeure on a further three cargoes, bringing the total affected to 24 shipments through...
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Venezuela oil exports fall 25% in July on lower India demand

Venezuela’s crude oil exports dropped to 856,000 barrels per day in July, marking a five-month low and a 25% decline from June levels, according to shipping reports and data from Kpler Ltd. The decline came as shipments to India fell by half following a pause in the...
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Korea partners with US to train shipbuilding workforce amid shortage

Korea partners with US to train shipbuilding workforce amid shortage
With the opening of the Korea-U.S. Shipbuilding Partnership Center (KUSPC) to back the Korea-U.S. shipbuilding cooperation project MASGA, Korean shipbuilders and universities have moved in earnest to train shipbuilding workers in the United States. The U.S. lacks both...
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OneLink Performance calls on maritime industry to turn data into profit

OneLink Performance calls on maritime industry to turn data into profit
Leading digital platform OneLink Performance is urging shipowners, operators and technical managers to rethink the role of maritime dashboards, arguing that reporting should guide decisions and prove business impact, not simply visualise data. Maritime organisations...
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Saudi Aramco profits jump 33% in second quarter as Iran war squeezes oil supply

Saudi Aramco profits jump 33% in second quarter as Iran war squeezes oil supply
Saudi Aramco reported a jump in second-quarter profit, following a period of severe disruption through the Strait of Hormuz amid the sprawling Middle East conflict. The world’s largest oil company posted adjusted net income of 125.2 billion Saudi riyal ($33.4 billion)...
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