South Korea to Boost Canadian Oil and LNG Imports Amid Geopolitical Shifts
South Korea will triple Canadian crude oil imports and boost LNG supplies through new investments in Canadian projects
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South Korea will triple Canadian crude oil imports and boost LNG supplies through new investments in Canadian projects

A sanctioned Russian LNG carrier completed a rare early-season eastbound transit of the Northern Sea Route with icebreaker escort
New data shows continued investment in methane decarbonization for shipping, despite geopolitical and regulatory challenges.

GTT will design cryogenic tanks for a new 174,000 cubic meter LNG carrier ordered by a European shipowner.
BP expects a 4.7% rise in Tangguh LNG deliveries to Indonesia's domestic market, totaling 89 cargoes by 2026
LPG/ethane carriers comprised the majority of 36 alternative-fuelled vessel orders placed in May
K Line has ordered four LNG dual-fuel car carriers to boost its European short-sea automotive logistics network
Supertanker owner DHT Holdings has ordered another VLCC from Hanwha Ocean, with delivery expected in August 2028.

Delfin Midstream's $5 billion floating LNG export project off Louisiana is approved, set to be the first US FLNG facility.
BW LPG Limited reported a Q1 2026 profit of US$164 million, boosted by strong shipping and trading results
European commodity markets face supply pressures with declining LNG imports and aluminum shipments at decade lows
Iraq plans to raise crude oil pipeline exports to 770,000 bpd, diversifying routes and reducing Gulf shipping dependence.
Venergy Maritime is expanding its crude tanker fleet with new suezmax orders from Hengli Shipbuilding in China
COSCO Shipping Energy is expanding its LNG fleet with four new 175,000 cbm carriers from Jiangnan Shipyard for $953 million.

Cook Inlet LNG is pursuing regulatory approvals for an offshore LNG import project in Alaska using an FSRU.

Russian President Putin has approved TotalEnergies' sale of its 10% stake in the Arctic LNG 2 project
EU LNG imports fell 8% in May, the second monthly drop, due to Middle East war disruptions affecting global energy trade.

Saipem reports a major milestone in an offshore gas project in Libya, a joint venture of National Oil Corporation and Eni North Africa

Two oil product tankers transited the Strait of Hormuz, and an LNG carrier loaded cargo in the UAE, showing limited shipping activity

A strike at Australia's Ichthys LNG plant has delayed the loading of a tanker bound for Taiwan, disrupting operations.

JGC Fluor JV secures approval for initial work on the LNG Canada export terminal expansion in Kitimat, British Columbia
A record number of Greek shipowners now control fleets exceeding one million deadweight tonnes, marking a 24% increase.
The LNG spot market held steady with some tightening in the Pacific, while LPG freight rates are reaching peak levels.
China delivered its first LNG carrier with a cargo containment system fully fitted with domestically made ultra-low-temperature valves.

Fayard shipyard in Denmark continues to service Russia's Yamal LNG fleet, an exception amid tightening EU sanctions.

Dynacom Tankers has moved its fleet near the Strait of Hormuz in response to increasing security risks affecting Gulf shipping.

Tankers linked to Iran are increasingly disabling tracking systems, signaling a rise in covert LNG shipping due to geopolitical tensions.

Diesel-electric LNG carriers face compliance hurdles under EU ETS due to unaddressed methane slip, increasing operational costs

The CMA CGM Notre Dame, the largest French-flagged containership, made its maiden call at Singapore en route to Europe.
EGPN Bulk Carrier has ordered two MR product tankers from Chengxi Shipyard, expanding its presence in the tanker sector
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