U.S. proved reserves fell in 2023 from 2022 record
U.S. proved reserves of crude oil and lease condensate totaled 46 billion barrels at year-end 2023, a 4% decline from the previous year’s record, according…
WinGD’s first ammonia-fueled engine installed on EXMAR vessels
Swiss marine power company WinGD has become the first engine designer to bring an ammonia-fueled two-stroke marine engine to market following the delivery and installation…
KBR awarded FEED contract for KEPPT’s fertilizer facility in Iraq
KBR announced that it has been awarded a front-end engineering design (FEED) contract for the development of an ammonia and urea production plant by KAR…
DAT: Truckload volumes retreated in June amid weak seasonal demand
Spot truckload volumes retreated in June, reflecting subdued demand for trucking services during what is typically a summer peak, said DAT Freight & Analytics, which…
OPEC+ faces challenges from weak demand and Russian uncertainty - Rystad Energy’s Oil Market Update
After trading between $66 and $69, Brent futures have surpassed $70 per barrel, supported by stronger demand indicators amid ongoing uncertainty regarding Russia.
Dolphin Sea Air Services Corp. completes OOG project cargo delivery for new industrial plant in Binh Duong, Vietnam
In June 2025, Dolphin Sea Air Services Corp. – Ho Chi Minh City Branch, a member of the AerOceaNetwork (AON), successfully completed the end-to-end transport…
Alterra IOS secures $343 million loan commitment from Truist, Bank of Montreal
Transaction brings total financing commitments across Alterra’s fully discretionary IOS funds to over $1.5 billion
Decarbonization Déjà Vu: Columbia Group warns ship owners risk paying twice to go green
The global shipping industry faces the prospect of "decarbonization déjà vu" as it braces for overlapping climate regulations that could leave shipowners footing the bill…
Trelleborg transforms port operations through data-driven decision making
Trelleborg Marine and Infrastructure introduces Smart Docking Aid System (SmartDAS), an advanced berthing monitoring technology that enables smarter operational and strategic decision-making while enhancing safety,…
INTERCARGO-member fleets outperform on safety and compliance
Dry bulk carriers entered with INTERCARGO continue to demonstrate stronger performance than the global fleet average on safety and compliance, according to the Association’s latest…
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