$13 Billion Commonwealth LNG Project Gets Green Light in Louisiana
File Photo: Igor Grochev / Shutterstock
$13 Billion Commonwealth LNG Project Gets Green Light in Louisiana
Mike Schuler
Total Views: 1
May 15, 2026
Caturus announced Friday it has reached final investment decision (FID) on the long-delayed 9.5 million tonnes per annum (mtpa) Commonwealth LNG export terminal in Cameron Parish, Louisiana, backed by $9.75 billion in project financing and more than $21 billion in total capital commitments.
The roughly $13 billion project marks one of the largest
U.S. LNG export
developments approved this year and further cements America’s position as the world’s dominant LNG supplier.
The Commonwealth facility is expected to begin operations in 2030 and will have the capability to load LNG carriers up to 216,000 cubic meters. Long-term offtake agreements have already been secured with a roster of major global counterparties including EQT, Glencore, Mercuria, PETRONAS and Aramco Trading.
“This landmark occasion … is the culmination of years of strategic pla
Iran Seizes Chinese-Owned ‘Floating Armory’ Ship Near Hormuz
Photo: Ya Ray Yang/MarineTraffic
Iran Seizes Chinese-Owned ‘Floating Armory’ Ship Near Hormuz
Bloomberg
Total Views: 0
May 15, 2026
By Weilun Soon and Alex Longley (Bloomberg) — Iran seized a Chinese-owned ship that’s one of a handful of so-called floating armories that operate in the region, according to two maritime security consultants who asked not to be identified discussing sensitive information.
Hong Kong-based Sinoguards, a maritime security firm, said in a statement that Tehran’s forces took one of its ships, the
Hui Chuan
, into Iranian waters on Thursday. That followed an
alert
from a UK naval group that a commercial ship was apprehended by unauthorized personnel at the entrance of the Strait of Hormuz.
It’s unclear why Iran has taken the vessel after Tehran said in statements on Thursday that Chinese ships were allowed to cross Hormuz, suggesting cooperation between the two nations. China has long been the biggest buyer of Iranian oil.
Sinoguards said the vessel is undergoi
Greek-Operated Tanker Breaks Through Hormuz Gridlock
Photo: Shutterstock/Sven Hansche
Greek-Operated Tanker Breaks Through Hormuz Gridlock
Reuters
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May 15, 2026
By Jonathan Saul
LONDON, May 15 (Reuters) – A Greek-operated tanker sailed from the Gulf to India on Friday after crossing the Strait of Hormuz in one of the few crude sailings through the waterway this week, ship tracking data showed on Friday.
The
U.S.-Israeli war on Iran
has led to the effective closure of the strait, stranding hundreds of ships and leading to unprecedented disruption of energy supplies.
The Liberia-flagged suezmax tanker
Karolos
, which can carry a maximum of 1 million barrels of oil, was sailing towards the western India port of Sikka on Friday after crossing the Strait of Hormuz on May 14, according to analysis from Kpler.
The vessel was at maximum load after calling at Basra oil terminal on May 10, Kpler analysis showed.
Satellite analysis from data analytics specialists SynMax also found the vessel’s draft had increased on May 14, indicating
Middle East conflict redraws global gas trade map
Middle East conflict redraws global gas trade map
in
International Shipping News
05/05/2026
T
he fragile equilibrium of the global natural gas market – which had spent much of the early 2025/2026 heating season trending toward stability – has been shattered by the geopolitical eruption in the Middle East.
According to the International Energy Agency’s (IEA) Gas Market Report, Q2-2026, a series of unprecedented disruptions—top of which is the de facto closure of the Strait of Hormuz—has altered the trajectory of international energy trade. What was once anticipated as a year of easing fundamentals and “strong LNG supply growth” has instead devolved into a period of “unprecedented uncertainty” that threatens to delay the next global LNG wave by at least two years, the IEA said.
Decreased volumes are just part of the picture; it’s the total restructuring of supply routes and the re-emergence of extreme price volatility that brokers and charterers need to take note of.
The report states th
Dry Bulk Shipping: Argentinian Market Adding Cargoes
Dry Bulk Shipping: Argentinian Market Adding Cargoes
in
Hellenic Shipping News
05/05/2026
T
he dry bulk market is experiencing a redrawing of its global freight map lately. In its latest weekly report, shipbroker Intermodal said that “the corn market in 2026 is characterised by well-supplied conditions, due to strong harvests across the Americas and elevated U.S. While this pricing environment bolsters consumption, it compresses producer margins.
Explosion Hits Ship as Trump’s Hormuz Push Meets Reality
Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026. REUTERS/Amr Alfiky
Explosion Hits Ship as Trump’s Hormuz Push Meets Reality
Reuters
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May 4, 2026
By Parisa Hafezi, Ahmed Tolba and Idrees Ali
DUBAI/WASHINGTON, May 4 (Reuters) – A South Korean ship was hit by an explosion in the Strait of Hormuz on Monday and Iranian drones caused a fire at a UAE oil port, as Tehran demonstrated its grip on Middle East oil after U.S. President Donald Trump said his
Navy would open the strait
.
The U.S.
Maersk Ship Exits Hormuz Under U.S. Protection
Central Command (CENTCOM) forces began setting conditions for clearing mines in the Strait of Hormuz, April 11, as two U.S. Navy guided-missile destroyers conducted operations. Central Command Photo
Maersk Ship Exits Hormuz Under U.S.
Columbus Travel responds to rising travel complexity with launch of new service offering
Columbus Travel responds to rising travel complexity with launch of new service offering
in
International Shipping News
05/05/2026
As global travel becomes increasingly complex – impacting both the maritime sector and the wider leisure industry – and looming jet fuel shortages threatening disruption Columbus Travel has launched two new service offerings.
Designed to address evolving travel demands across both sectors, the new products, Travel Packages and the enhanced Executive Travel service, combine seamless logistics, cost efficiency and personalised service to support a wide range of needs, from crew mobility and corporate travel to individual and group leisure journeys.
Christis Marcoullis, Managing Director of Columbus Travel
The move reflects mounting pressure not only on shipowners and managers managing global crew logistics, but also on travel providers and consumers navigating ongoing disruption, tighter cost controls and increasing demand for flexibility and reliability acro
Iran Says It Turns Back US Warship From Strait of Hormuz, US Official Denies Missile Strike
Central Command (CENTCOM) forces began setting conditions for clearing mines in the Strait of Hormuz, April 11, as two U.S. Navy guided-missile destroyers conducted operations. Central Command Photo
Iran Says It Turns Back US Warship From Strait of Hormuz, US Official Denies Missile Strike
Reuters
Total Views: 1
May 4, 2026
By Tala Ramadan and Jacob Bogage
DUBAI/DORAL, Florida, May 4 (Reuters) – Iran said it had forced a U.S.
Qatar Extends Force Majeure on LNG Supply Through Mid-June
FILE PHOTO: 3D-printed oil pump jacks and the QatarEnergy logo appear in this illustration taken March 2, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
Qatar Extends Force Majeure on LNG Supply Through Mid-June
Bloomberg
Total Views: 0
May 4, 2026
By Ruth Liao, Stephen Stapczynski and Salma El Wardany
May 4, 2026 (Bloomberg) –State producer QatarEnergy extended force majeure on its liquefied natural gas supply through mid-June, according to people familiar with the matter, as the Strait of Hormuz remains almost entirely closed to tanker traffic.
QatarEnergy customers received the notice, said the people who asked not to be identified because they weren’t authorized to discuss the matter. QatarEnergy didn’t immediately respond to a request for comment.
Force majeure is declared when extraordinary situations prevent companies from performing on their commercial agreements.