Israeli Energy Ministry Plans to Boost Natural Gas Output

Israel's Energy Ministry said on Thursday it plans to expand natural gas production that would boost competition within Israel and increase exports.An inter-ministerial committee headed by the ministry issued final recommendations aimed

Shipping Technology Launches ST Sailing Pro, Introducing Automatic Propulsion Control

Shipping Technology has launched ST Sailing Pro, an extension of its ST Sailing track pilot that now not only controls a vessel's steering, but also its propulsion. This is the next step

Argentine Government Cracks Down on Falkland Islands Activities

Argentina's government has presented a bill to crack down on companies operating in the Falkland Islands, potentially escalating tensions with the United Kingdom over the territory that is controlled by Britain but

GLO Marine Eyes $57m in Revenue for Middle East Expansion, New Facility

GLO Marine is targeting revenues of more than USD$57.47 million (€50 million) by 2030 as it prepares to establish a permanent operation in the Middle East and bring its new USD$6.9 million

Saronic to Build Landing Craft Utility Vessels at Port Alpha Shipyard

Saronic announced that it has been awarded a contract by the U.S. Navy to construct Landing Craft Utility (LCU) vessels, executed as a firm fixed-price agreement under an Other Transaction Authority (OTA)

Strait of Hormuz Vessel Traffic Slows to a Trickle

Commodity vessel transits through the Strait of Hormuz dwindled to just three ships on Wednesday, down from 12 a day earlier and well below the 10-day average of about 17, preliminary ship-tracking

Panama Canal Stress: Is the Worst Dead Ahead?

The headline grabbing global attention is simple enough: a shipowner reportedly paid more than $5 million for a single Panama Canal transit slot. But that may only mark the start of an

LNG Prices Projected to Spike; European Stocks Dwindle

Global LNG prices could shoot higher this winter as Europe holds its lowest stocks in years and North Asian buyers face increased competition with the Strait of Hormuz still closed, executives said

El Niño's Sting: Bulk Vessel Panama Canal Transits drop 22%

"Since the start of July, Panama Canal bulker transits have fallen 22% y/y. Bulkers have faced increased competition for transit slots from other sectors, especially tankers, as the US has boosted energy