With the development of the global ship finance industry in recent years, leasing models from the Asia-Pacific (“APAC”) region, notably China and Japan, are increasingly competing with those traditionally offered by European and American bank financing. This provides...

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performing shipboard maintenance: Insufficient manning, time constraint and operational demand Vessels often operate with minimal crew and are expected to operate with quicker turnaround, restricting the time available for proper maintenance work. This can lead to...

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ENOC Group, a leading integrated global energy player, today announced that it has been honored with five prestigious industry awards, demonstrating its market leadership and continued commitment to operational excellence, innovation, and customer engagement across...

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U.S. President Donald Trump’s administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet over the next 15 years. WHY IT’S IMPORTANT The plan fulfills a directive in...

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Russia has restored crude oil flows to Hungary after repairing drone damage to its Druzhba pipeline connection, Hungary’s foreign minister Peter Szijjarto said late on Aug. 19. “Oil deliveries to Hungary via the Druzhba pipeline have been restored after the Ukrainian...

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Japan’s exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday, as the impact of U.S. tariffs intensified, raising concerns about the outlook for the export-reliant economy. Total exports from the world’s...

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