Monday, March 23, 2026
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Loading terminal at Ras Laffan (Matthew Smith / CC BY 2.0)

Iran's Strike on Ras Laffan Could Raise LNG Prices for Years

Published Mar 23, 2026 5:26 PM by The Conversation

[By Dr. Adi Imsirovic] On March 19, Ras Laffan, the largest liquified natural gas (LNG) terminal in the world, supplying one-fifth of the world’s super-chilled fuel, was hit by Iranian missiles and drones. The Qatari terminal suffered substantial damage in the strikes – fires were raging across the gas-to-liquids facility within the complex, which covers 295 square kilometres – the size of a large city. Investments worth tens if not hundreds of millions of dollars disappeared into thin air. Damage...

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LNG project

US to Repay TotalEneriges $1B for Wind Leases Redirected to LNG Investments

Published Mar 23, 2026 4:46 PM by The Maritime Executive

TotalEnergies confirmed it has entered into settlement agreements with the U.S. Department of the Interior, which will see the company redirect nearly $1 billion invested in leases for two offshore wind leases into investments in the LNG sector. The deal had first been reported last week as a new means by the Trump administration to stop future offshore wind development. Under the terms of the agreement, the company will recover the lease fees paid to the United States in 2022...

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Social media

Video: MSC Container Ship Hits New Pier at Mundra Port

Published Mar 23, 2026 3:24 PM by The Maritime Executive

Last week, the container ship MSC Alexandra broke away from her moorings and hit a newly-built pier at a port in India, according to local media and bystander videos. On Thursday, MSC Alexandra was moored at Mundra Port's CT3 terminal. During a sudden thunderstorm, winds picked up and the ship's mooring lines parted under the strain. The boxship drifted across the harbor and allided bow-first with a pier that was under construction. Workers ran from the waterfront ahead of the...

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Primorsk Russia

Ukraine Attacks Russia’s Baltic Oil Terminals and Starts Fire at Primorsk

Published Mar 23, 2026 12:55 PM by The Maritime Executive

Ukrainian and Russian officials are both acknowledging a large attack overnight from March 22 to March 23, focusing on Russia’s oil infrastructure on the Baltic. It comes after Ukraine protested the Trump administration’s waiver of Russian oil sanctions as Ukraine urged Europe to keep the pressure up on Russia. Operations at both the ports of Primorsky and Ust-Luga were reportedly suspended as the barrage unfolded. The governor for the Leningrad region, Alexander DroZdenko claimed that more than 70 aerial targets...

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Offshore

Loading terminal at Ras Laffan (Matthew Smith / CC BY 2.0)

Iran's Strike on Ras Laffan Could Raise LNG Prices for Years

[By Dr. Adi Imsirovic] On March 19, Ras Laffan, the largest liquified natural gas (LNG) terminal in the world, supplying one-fifth of the world’s super-chilled fuel, was hit by Iranian missiles and drones. The Qatari terminal suffered substantial damage in the strikes – fires were raging across the gas-to-liquids facility within the complex, which covers 295 square kilometres – the size of a large city. Investments worth tens if not hundreds of millions of dollars disappeared into thin air. Damage...

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Shipbuilding

humanoid welding robot

HD Hyundai Moving Forward with Humanoid Welding Robot for Shipyards

HD Hyundai has been working on several projects to develop technology that would support the use of humanoid robots to undertake precision tasks at its shipyard. The company announced on March 23 that it had completed a positive evaluation and is now moving to the next phase of the project. The parent company said HD Kore Shipbuilding & Offshore Engineering, the intermediary holding company for its shipyards, will be partnering with HD Hyundai Robotics and a U.S.-based industrial humanoid robotics...

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Environment

oil spill cleanup

Mexico Seeks ID of Tanker Responsible for Oil Discharge as Cleanup Proceeds

Mexican authorities reported over the weekend that cleanup efforts have intensified for an oil spill that it has been battling along the Gulf coast since nearly the beginning of the month. At the same time, they have said they suspect an unnamed tanker for the release and that they will continue the efforts to identify the vessel and take action under the environmental legislation. The President of Mexico, Claudia Sheinbaum, told reporters in her weekly press conference that they have...

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Business

Hai Phone Vietnam

Maersk’s APM Becomes Minority Shareholder in North Vietnam Terminal

Maersk’s APM Terminals is taking a 49 percent minority shareholder and operating partner position in the Hai Phong International Container Terminal in North Vietnam. The company notes the strategic location of the operation and its rapid growth while announcing it has also been chosen as part of the Gemini Cooperation’s East-West network. The terminal is located within the Lach Huyen port in Haiphong City, in the north of Vietnam. It is close to Hanoi and has strong access to the...

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