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NICOSIA, July 7, 2025 — A joint venture comprising ExxonMobil and Qatar Energy International has uncovered a second significant natural gas deposit in Cyprus’s offshore Block 10, the Cypriot government announced today. Officials revealed that drilling at the Pegasus‑1 well, situated approximately 190 kilometers southwest of Cyprus in water depths of around 1,921 meters, has confirmed a gas-bearing reservoir […]

A Hong Kong-flagged product tanker, MV Fulda, experienced a powerful onboard explosion around 1:05 p.m. IST on July 6, 2025, just hours after discharging its methanol cargo at Deendayal Port (formerly Kandla), Gujarat. The blast caused the 26-year-old vessel to list 22° to starboard before shifting portward as the crew struggled to stabilize it Despite extensive

The Blue Marlin, owned by Germany’s HGK Shipping and equipped by Dutch solar innovator Wattlab, has been officially commissioned as the world’s first hybrid inland cargo vessel capable of using solar energy not just for onboard systems but also for propulsion. The naming ceremony took place in Hamburg on July 3, 2025. Unlike its predecessor,

The International Transport Workers’ Federation (ITF) has issued a serious warning about escalating risks to seafarers navigating through the Strait of Hormuz, Gulf of Oman, and Israeli ports. According to the ITF, these waters have become “one of the most unstable and militarised regions,” with an increasing number of naval deployments, drone strikes, vessel seizures,