Wednesday, February 04, 2026
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Nayara

SBI: India's Refiners Could Make Money By Switching to Venezuelan Oil

Published Feb 4, 2026 5:53 PM by The Maritime Executive

India's refiners might make out well by taking a deal with the United States to buy lots of Venezuelan oil, according to the State Bank of India. Indian refineries became major consumers of gray-market Russian crude oil after the invasion of Ukraine in 2022, drawn by deep discounts and the prospect of profitable crack spreads for overseas sales of the resulting products. (Controversially, a substantial share of the refined-product exports from these refineries ended up for sale in Europe, where...

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offshore wind farm

Massachusetts Looks to Nova Scotia to Supply Offshore Wind Energy

Published Feb 4, 2026 5:40 PM by The Maritime Executive

Faced with the need for more electrical power and a desire to expand renewable energy, Massachusetts is looking toward the import of renewable energy from neighboring Nova Scotia. The first-of-its-kind agreement would present a novel solution to meeting the needs while also addressing the opposition of the Trump administration to the development of offshore wind energy generation. Massachusetts is a strong supporter of the offshore wind energy industry, with some of the first large projects in the United States. It...

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Danish naval base

Denmark Selects Distributed Construction Strategy for New Arctic Ships

Published Feb 4, 2026 4:48 PM by The Maritime Executive

Danish Defence reports that the study group working on the strategy for the construction of its new Arctic ships selected a distributed construction model, which will be the most cost-effective while creating jobs and speeding development of the ships. They called the agreement a milestone that will also set the framework for further work leading to the acquisition of ships for its navy. Under the agreed plan, several production sites across Denmark will build components and blocks for the new...

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Grounding

Small Tanker Grounds on Waterfront at Port of Santa Marta

Published Feb 4, 2026 3:48 PM by The Maritime Executive

Officials in Santa Marta, Colombia worked hard this week to refloat a small bunker tanker that went aground next to a breakwater near the center of town. At about 2230 hours on Monday night, the small tanker Intergod VII grounded on Playa de Los Cocos, a beach about one mile south of the main commercial seaport. The vessel's master reported the incident to the local port authority and VTS operator, and the Colombian Navy responded to the scene. The vessel...

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MORE STORIES BY CATEGORY

Offshore

offshore wind farm

Massachusetts Looks to Nova Scotia to Supply Offshore Wind Energy

Faced with the need for more electrical power and a desire to expand renewable energy, Massachusetts is looking toward the import of renewable energy from neighboring Nova Scotia. The first-of-its-kind agreement would present a novel solution to meeting the needs while also addressing the opposition of the Trump administration to the development of offshore wind energy generation. Massachusetts is a strong supporter of the offshore wind energy industry, with some of the first large projects in the United States. It...

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Shipbuilding

Turkey

Report: U.S. Navy is Feeling Out Ship Construction Options in Turkey

Momentum appears to be building within some corners of the Trump administration to offshore U.S. Navy warship production to yards in U.S. allied nations, where well-developed shipbuilding industries with available capacity can be found. It would require changing U.S. law and longstanding practice, but this has not deterred proponents: South Korea's "Big Three" have openly sought the administration's support for building American warships in Korea, and U.S. officials have recently met with Turkish counterparts to discuss component and frigate construction...

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Environment

LCO2 transport

Northern Lights has Deals With Shipping Lines to Double CO2 Transport Fleet

The Norwegian CO2 storage initiative, which became the first commercial operation for carbon capture and storage, announced a new deal that will double the company’s fleet by 2029. This comes just months after the company completed its first injection of liquid CO2 for permanent storage. Northern Lights, which is a joint venture between Equinor, TotalEnergies, and Shell, reports it has struck a new charter deal with major shipping companies, including existing partner Kawasaki Kisen Kaisha (“K” Line), while adding MISC...

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Business

Nayara

SBI: India's Refiners Could Make Money By Switching to Venezuelan Oil

India's refiners might make out well by taking a deal with the United States to buy lots of Venezuelan oil, according to the State Bank of India. Indian refineries became major consumers of gray-market Russian crude oil after the invasion of Ukraine in 2022, drawn by deep discounts and the prospect of profitable crack spreads for overseas sales of the resulting products. (Controversially, a substantial share of the refined-product exports from these refineries ended up for sale in Europe, where...

Continue Reading...