Mitsui OSK targets higher profits and shareholder returns in new management plan
Mitsui OSK Group announced a new management plan on March 31 that targets a profit before tax of JPY420 billion…
Illegal migrant boat sinks off Turkey leaving at least 18 dead
At least 18 people were killed when an inflatable boat carrying illegal migrants sank off Turkey’s western province of Mugla…
Iranian missile hits oil tanker in Qatari waters, no injuries
An oil tanker leased to state-owned QatarEnergy was hit by an Iranian cruise missile on Wednesday in Qatari waters, the…
Russian pipeline gas exports to Europe jump as Strait of Hormuz remains blocked
Russian energy giant Gazprom’s average daily natural gas supplies to Europe via the TurkStream undersea pipeline rose 22 per cent…
Babcock agrees bridging contract for UK submarine support services
Babcock International Group has agreed a six-month bridging contract with the UK Ministry of Defence to maintain naval base and…
India hits pause on offshore mining auction restart
India does not plan to go ahead with auctioning deep-sea mining rights due to a lack of technological preparedness and…
European gas prices fall on hopes for end to Iran war
Benchmark Dutch and British wholesale gas prices fell on Wednesday morning on hopes that the conflict in the Middle East…
South Korea on track to receive 24m barrels of UAE oil
South Korea’s industry ministry said on Wednesday it is on track to receive delivery of the combined 24 million barrels…
Port of Virginia finishes $1.4b Norfolk harbor deepening project
Construction of the 55-foot (16.76-metre) deep shipping channel and harbor in Norfolk, Virginia reached completion in late February, making the…
Stocks rise and oil dips as Trump teases Middle East retreat
Two, maybe three weeks, says Trump, despite continued blockage of Strait of Hormuz