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New Senate bill targets 'chameleon carriers' that reopen to escape penalties Werner Enterprises Posts Highest Revenue Per Truck Growth in One-Way Segment in a Decade CMA CGM and Stonepeak Launch United Ports LLC in $2.4 Billion Terminal Joint Venture UPS shift away from Amazon shows bigger payoff Lanesurf: 62% of Loads Get Vetted Carrier Offers Before Brokers Arrive India-China Border Trade Via Lipulekh Resumes Aug 1; China Permits 20 Traders Geopolitics Drives CMA CGM Q2 Profit Surge of 42% as Volumes and Rates Climb Benchmark Diesel Price Rises Third Week as Futures Plunge; Spread Hits Record Indian Government Limits Sugar Dealers to 400 Tonnes Stock Until November to Curb Hoarding Tenants signing longer leases for larger warehouses as 3PLs lock in capacity New Senate bill targets 'chameleon carriers' that reopen to escape penalties Werner Enterprises Posts Highest Revenue Per Truck Growth in One-Way Segment in a Decade CMA CGM and Stonepeak Launch United Ports LLC in $2.4 Billion Terminal Joint Venture UPS shift away from Amazon shows bigger payoff Lanesurf: 62% of Loads Get Vetted Carrier Offers Before Brokers Arrive India-China Border Trade Via Lipulekh Resumes Aug 1; China Permits 20 Traders Geopolitics Drives CMA CGM Q2 Profit Surge of 42% as Volumes and Rates Climb Benchmark Diesel Price Rises Third Week as Futures Plunge; Spread Hits Record Indian Government Limits Sugar Dealers to 400 Tonnes Stock Until November to Curb Hoarding Tenants signing longer leases for larger warehouses as 3PLs lock in capacity
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fpso

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Petronas Extends Indonesian FPSO Charter to 2036, Ensuring Long-Term Offshore Production Logistics
Shipping & Freight #petronas#fpso

Petronas Extends Indonesian FPSO Charter to 2036, Ensuring Long-Term Offshore Production

Petronas Carigali has negotiated a 10-year extension for the Ratu Nusantara FPSO on the Bukit Tua oilfield offshore Indonesia, keeping the vessel in operation until 2036. The floating production unit, owned by Sabah International Petroleum and PT M3 Ketapang Sejahtera, has a processing capacity of 25,000 bbl of oil and 60m cf of gas per day. The extension follows over 11 years of consistent performance and strengthens the partnership between Malaysia and Indonesia.

Jul 17, 2026 1 source
Saipem Wins $2 Billion FPSO Contract for Eni's Kutei North Hub in Indonesia Commodities
Energy & Petrochemicals #saipem#fpso

Saipem Wins $2 Billion FPSO Contract for Eni's Kutei North Hub in Indonesia

Italian energy contractor Saipem, in a joint venture with PT Tripatra Engineers and Constructors, has been awarded a $2 billion contract for the engineering, procurement, construction and installation of an FPSO for Eni's Kutei North Hub Field Development Project in Indonesia. The contract was awarded by Eni North Ganal, a company controlled by the Eni-Petronas joint venture Searah. The project includes subsea development, a new FPSO, and a gas export pipeline to the Bontang LNG Plant.

Jul 8, 2026 1 source
Wison New Energies Signs EPCIC Contract for Ivory Coast FPSO with Eni and Altera Commodities
Energy & Petrochemicals #wison new energies#fpso

Wison New Energies Signs EPCIC Contract for Ivory Coast FPSO with Eni and Altera

China's Wison New Energies has signed an EPCIC contract with Eni and Altera Infrastructure for the Baleine Phase 3 FPSO facility offshore Ivory Coast. The FPSO will process up to 90,000 barrels of oil per day and 160 million standard cubic feet of natural gas per day, with a design life of at least 20 years.

Jul 6, 2026 1 source
SBM Offshore Orders Seventh Fast4Ward FPSO Hull from Chinese Shipyard SWS Manufacturing
Industrial Machinery #sbm offshore#fpso

SBM Offshore Orders Seventh Fast4Ward FPSO Hull from Chinese Shipyard SWS

SBM Offshore has signed a contract with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading for the construction of its seventh Fast4Ward hull, designated MPF7. The multi-purpose floater will have a storage capacity of up to 2.3 million barrels of crude oil and accommodate up to 240 personnel.

Jun 30, 2026 1 source
CIMC Raffles Signs Contract for Azule Energy's Greater PAJ FPSO Project Offshore Angola Commodities
Energy & Petrochemicals #cimc raffles#fpso

CIMC Raffles Signs Contract for Azule Energy's Greater PAJ FPSO Project Offshore Angola

Chinese yard CIMC Raffles has signed an EPCIC contract for the Azule Energy-led Greater PAJ FPSO project offshore Angola. The FPSO will have a production capacity of 95,000 barrels of oil per day and a gas export capacity of 70 million cubic feet per day, with first oil expected in H1 2029. Saipem and TechnipFMC have also been awarded contracts for transportation and flexible flowlines respectively.

Jun 23, 2026 1 source