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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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‘Last chance’: Bessent says Hormuz deal is in sight after Trump’s warning on Iran talks

‘Last chance’: Bessent says Hormuz deal is in sight after Trump’s warning on Iran talks
Treasury Secretary Scott Bessent has told CNBC a deal to reopen the Strait of Hormuz is in sight, after President Donald Trump warned that the latest round of negotiations with Iran is the “last chance” to bring an end to the five-month conflict. “We are in talks with...
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LNG Bunker Snapshot: LNG bunker prices retreat as Middle East tensions ease

Weekly changes in LNG bunker prices: • Rotterdam down by $29/mt to $1,122/mt • Singapore down by $23/mt at $1,371/mt • Baltics down by $30/mt to $1,226/mt Rotterdam Rotterdam’s LNG bunker price has fallen by $29/mt week-on-week to $1,122/mt, despite LNG bunker...
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ABP, Brett and Tarmac form coordinated logistics partnership to support Sizewell C

ABP, Brett and Tarmac form coordinated logistics partnership to support Sizewell C
Associated British Ports (ABP), Brett and Tarmac have formed a coordinated logistics partnership – scaling up operations in Ipswich – to support Sizewell C. The partnership will offer Sizewell C a single, integrated tri modal supply chain for construction materials...
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OneLearn Global and Singapore Shipping Association sign Memorandum of Understanding to develop AI-driven Transformational Learning Hub

OneLearn Global and Singapore Shipping Association sign Memorandum of Understanding to develop AI-driven Transformational Learning Hub
OneLearn Global (OLG) has signed a Memorandum of Understanding (MoU) with the Singapore Shipping Association (SSA) to develop an AI-powered Transformational Learning Hub (T-Learning Hub) for SSA’s training department. The agreement, signed during Singapore Maritime...
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Rolling five-year review of seafarer syllabus to ensure training fit for the future

Rolling five-year review of seafarer syllabus to ensure training fit for the future
A new rolling review of the UK maritime syllabus has been launched, led by the Maritime and Coastguard Agency (MCA) in partnership with industry, to ensure high-quality training that is fit for the future. Backing has been secured for five-yearly revisions of the UK...
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Recent News

  • Congress passes sanctions, tariff bill targeting buyers of Russian energy.
  • Iran, Oman close to agreement on shipping corridor in Strait of Hormuz.
  • Baltic Dry Index Up for 2nd Day.
  • International Chamber of Shipping addresses UN Security Council on maritime security and freedom of navigation.
  • The Week in Alt Fuels: From promises to timelines.
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