CIMAC Report Reminds on New fuel Safety Risks
CIMAC Working Group 17 (Gas Engines) has just released a new guideline that provides a comprehensive overview of how alternative fuels such as hydrogen, ammonia, methanol, and ethanol can be used in modern stationary and marine gas engines.Under the safety concepts chapter, it states: “New fuels need new skills, so personnel need to be trained to handle the new fuels.”The report includes a summary of potential risks to humans.Anhydrous ammonia is a hygroscopic compound…
Thordon Bearings Appoints Engineering Leads
Thordon Bearings has announced two significant appointments which reinforce its commitment to meet growing demand for high performance, pollution-free seawater-lubricated bearings and seals in commercial shipping.Anthony Hamilton has been appointed VP of Engineering and Product Development of Thomson-Gordon Group (TGG), the parent company of Thordon Bearings, with a mission to leverage group-wide capabilities in growing its merchant marine business.Based in Burlington…
Nippon Paint Marine Launches New Biocide-Free Hull Coating
Nippon Paint Marine has launched AQUATERRAS 1100, a new coating with a low-VOC formulation that reduces impact on the marine environment and complies with regulations in major shipbuilding markets, including China and Korea.AQUTERRAS features HydroPhix™, a micro-domain structure that combines hydrophilic and hydrophobic structures that reduce the ability of marine organisms to attach to hull surfaces without the use of biocides.The coating is the first to feature Advanced Fouling Control (AFC)…
UK Government Prioritizes Domestic Shipbuilding
Shipbuilding, steel, AI and energy infrastructure will be recognized as critical for national security, with new guidance prioritizing contracts for British business where necessary to protect national security.Recent events have shown the fragility of global supply chains, and the importance of ensuring domestic capacity in key sectors which are vital for national security.For the first time, the…
BIMCO: 130 Container Ships Stranded in Persian Gulf
BIMCO has released its Container Shipping Market Overview & Outlook March 2026 saying the Iran war amplifies outlook uncertainty."Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped, severing Persian Gulf ports from global container services. As a result, around 130 container ships, totalling about 1.5% of the global fleet’s capacity, are stranded in the gulf.
Hapag-Lloyd Earnings Down from Last Year
Hapag-Lloyd has published its annual report for the 2025 fiscal year, announcing that the group EBITDA stood at $3.6 billion (EUR 3.2 billion) and profits at $1.0 billion (EUR 0.9 billion).The result was at the upper end of the earnings forecast, but below the previous year, particularly owing to lower freight rates and higher operational costs.“2025 was a good year for Hapag-Lloyd with solid results. We have grown our volumes and outperformed the market.
Crosby Enterprises, LLC Announces Voluntary Chapter 11 Filings to Facilitate Financial Restructuring for Three Subsidiaries
Crosby Enterprises, LLC (the “Company”) announced that the Company filed chapter 11 cases for several of its subsidiary/affiliate units, Crosby Tugs, L.L.C., Crosby Dredging, L.L.C. and Crosby Marine Transportation, L.L.C., in the U.S. Bankruptcy Court for the Eastern District of Louisiana on March 23, 2026. The focus of the filings is to restructure the Company’s secured debt to improve the Company’s financial position…
UK Authorizes Military to Board Russian Shadow Tankers in British Waters
Prime Minister Keir Starmer said on Thursday he had authorised the military to board and detain Russian ships in British waters to disrupt a network of vessels that his government says enables Moscow to export oil despite Western sanctions.The decision comes as other European nations, including France, Belgium and Sweden, have stepped up efforts to detain Russia's so-called shadow fleet of tankers…
Houthis Stand Ready to Join Iran War, Additional Shipping Risk
Yemen's Iran-aligned Houthi movement, whose attacks on the Red Sea caused international shipping and trade chaos during the Gaza war, stands ready to strike the key waterway again in solidarity with Tehran, one Houthi leader told Reuters, a move that would deepen a global oil and economic crisis brought on by the Middle East war.If the Houthis open a new front in the conflict, one obvious target would be the Bab al-Mandab Strait off the coast of Yemen…
Asian Buyers Rush for Russian Oil Amid Supply Disruption
Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are lining up to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply, several sources including Russia said.Since the war in Ukraine prompted European customers - once the biggest buyers of Russian oil and gas - to shun Moscow, India and China have accounted for around 80% of Russian oil exports.
Maraen Approves $40M Port of Nigg Upgrade After Rebrand
Maraen has approved plans for more than $40 million (£30 million) investment for the upgrades at the Port of Nigg, following the integration of three energy businesses under a new brand.Maraen combines the capabilities of Port of Nigg, Global Energy (Group) and Global Energy Services, after their acquisition by Mitsui & Co. Europe and Mitsui O.S.K. Lines (MOL) in 2025.The company said a final investment…
Iran Grants Malaysian Vessels Safe Passage Through Strait of Hormuz
Malaysia's Prime Minister Anwar Ibrahim said on Thursday he had spoken to the leaders of Iran, Egypt, Turkey and other regional countries and said Malaysian vessels were now being allowed to pass through the Strait of Hormuz.Anwar in a televised address thanked Iran's president for allowing the passage of Malaysian ships."We are now in the process of releasing the Malaysian oil tankers and the workers involved so that they may continue their journey home," he said.Anwar said he talked with Iran
Cadeler Raises Over $200M to Fund Fleet Expansion Plans
Cadeler has raised approximately $203 million (€175 million) through a private placement to fund planned investments in new offshore wind installation vessels and potential asset acquisitions.The offshore wind contractor said the proceeds will support initial capital commitments for two proposed T-class wind foundation installation vessel newbuilds, as well as the potential acquisition and conversion of a scour protection vessel.According to Cadeler…
Delfin LNG Nears FID as Pipeline Restart Awaits Approval
A final investment decision is expected in the Delfin LNG project offshore Louisiana in the next few weeks, or at most months, according to Eduard Ruijs, head of investment for Vitol, a company that is investing in the project.The 13.2 million metric tons project would have received financial approval sooner had the pipeline to take gas to the proposed floating LNG plant not exploded, Ruijs told Reuters on Wednesday on the sidelines of the CERAWeek conference in Houston.The pipeline…
Iran War Energy Shock Pushes Europe to Rethink Climate Policies
The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in its fourth week, has rattled Europe, which is heavily dependent on imported oil and gas. Around 8% of its liquefied natural gas (LNG) comes from the Middle East through the all-important Strait of Hormuz…
Iran War Sends LNG Prices Soaring, Curbing Asia Demand
The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers.Before the war, analysts expected global liquefied natural gas supply to rise as much as 10% this year to between 460 million and 484 million metric tons as new capacity, mainly in the U.S.
Oil Rises as Ceasefire Optimism Fades
Oil rose about 2% on Thursday, clawing back losses from the previous session on concerns that protracted fighting in the Middle East will further disrupt energy flows.Brent futures LCOc1 rose $2.08, or 2.03%, to $104.30 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures CLc1 were up $1.93, or 2.14%, at $92.25 a barrel.Both benchmarks slumped more than 2% on Wednesday.Iran is still reviewing a U.S.
Turkish Tanker Hit by Drone in Black Sea after Departing Russia
A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul's Bosphorus strait on Thursday, Turkey's transportation minister said.The incident, one of several in recent months involving Western-sanctioned vessels heading to or from Russian ports, occurred in the early hours, minister Abdulkadir Uraloglu told broadcaster Kanal 24.All 27 crew were safe…
