Energy and shipping costs kept rising after the Jones Act waiver took effect, as disruption in the Strait of Hormuz continued to lift oil prices, freight rates and insurance costs.
Japan is backing a shipbuilding recovery plan through funding, automation and consolidation, targeting annual output of 18 million gross tons by 2035.
Petrobras has reported a new hydrocarbon discovery in block C-M-477 in Brazil’s pre-salt Campos Basin, with laboratory analysis set to assess reservoir conditions and fluid characteristics.
ABL Group companies in Egypt have signed an MoU with PetroSafe to support safety and operational performance across offshore and onshore energy assets, including marine assurance, ports consultancy, and decarbonization-related services.
Floatel International has confirmed a firm three-month contract for Floatel Victory at Equinor’s Bacalhau field in Brazil. The award begins in mid-2026 and adds to the unit’s existing work programme in the country.
