Oil Spill From Sanctioned Tanker Reaches Oman Coastline
A vast oil spill from a leaking tanker has started to hit Oman's coastline, its environment agency confirmed on Wednesday, in what threatens to become one of the world’s worst in years after spreadinglargely unchecked for weeks.The oil could end up impacting 40 km (25 miles) of coast near Ras Madraka as well as Masirah Island, the agency said.The slick now covers an area of more than 2,000 square km…
Leonhardt & Blumberg Installs Econowind VentoFoils on Cargo Newbuild
German shipowner Leonhardt & Blumberg has equipped HANSA DREJOE with Econowind VentoFoils. The vessel is the first of four general cargo newbuilds to receive wind propulsion technology. The first installation was completed on HANSA DREJOE at Royal Niestera Sander Shipyard in early August, with HANSA CHRISTIANSOE currently at the yard. Econowind calculated that the VentoFoils will deliver around 10 percent additional thrust, reducing fuel consumption and CO2 emissions accordingly.
MSC, Jotun Sign Hull Cleaning Agreement
Mediterranean Shipping Company (MSC) and Jotun have entered into an agreement for the installation and operation of Jotun's Hull Skating Solutions (HSS) onboard MSC Daniela.The agreement includes the full HSS package, combining Jotun's SeaQuantum Skate coating with robotic hull inspection and cleaning technology designed to maintain an always clean hull throughout vessel operations.The installation was completed during the vessel's drydocking in China in June 2026.
81m Acres Opened in Gulf of America Lease Sale
The Trump administration will offer more than 81 million acres (32.8 million hectares) in the Gulf of America to oil and gas drillers as part of an effort to boost domestic energy production with regular offshore lease sales.The sale is the second since the U.S.-Israeli war with Iran disrupted global crude flows and sent oil prices to four-year highs. It is the third of 30 mandated by U.S. President Donald Trump's tax cut and spending law passed in 2025.The Interior Department will offer 15…
Vietnam Mulls Second LNG Term Contract After Deal with Shell
State-controlled Petrovietnam Gas is sounding out suppliers for a possible tender to procure liquefied natural gas under a five-year contract, according to a document reviewed by Reuters.If agreed, it would be Vietnam's second term contract after a deal with Shell earlier this year, as the Southeast Asian manufacturing hub builds an LNG industry from scratch to help meet growing energy demand.The request…
He Dreiht Offshore Wind Farm: Final Turbine Installed
Cadeler completed the final turbine installation at the 960 MW He Dreiht Offshore Wind Farm in the German North Sea. The final turbines were installed by Wind Keeper, under its long-term contract with Vestas.Cadeler’s scope of the installation campaign was executed using two of Cadeler's offshore wind installation vessels. Wind Orca commenced the project in April 2025 before Wind Keeper took over the…
China Insights: Iron Ore Mining Cools, Steel Making Softens
"In the first half of 2026, Chinese iron ore mining fell by 7% y/y due to a 6% y/y increase in iron ore net imports and weaker steel production. The country is increasingly sourcing its iron ore from abroad because it is often of higher grade and competitively priced. Iron ore net imports now account for 57% of China’s iron ore supply compared to 50% in the first half of 2022,” says Filipe Gouveia…
This is the Last Article on the Jones Act you Ever Need to Read (Really)
I first heard about the Jones Act from my father in 1976. He had just become part of the US maritime community and one day came home and started to tell me about the differences between the US maritime community and the Dutch maritime community. Two things stood out; the heavy US union influence and the Jones Act. My father despised unions, as a lifelong non unionized shipping company employee (but a very benevolent one…
Shuttle Tankers: A Distinct Vessel Breed, a Niche Market
A wave of new investment in dedicated shuttle tankers has been spurred by the age profile of the existing fleet coupled with surging developments in the Brazilian offshore market.Constituting a specialized asset class, dynamic positioning (DP) shuttle tankers are a flexible and cost effective way of lifting and transporting oil from offshore fields, where subsea pipelines are not a practical or economically…
German Warship Builder TKMS Raises 2026 Outlook
Warship manufacturer TKMS on Wednesday raised its outlook for the second time in six months, expecting higher demand for surface vessels such as frigates as well as for its sensors and mine-sweeping technology.TKMS has been one of the main beneficiaries of Europe's push to build up its defenses in light of dwindling U.S. support, scoring several landmark deals in recent months, including one for Germany's…
Karoon Energy Approves U.S. Who Dat East Development
The Who Dat East Joint Venture, operated by LLOG, has sanctioned the development of the Who Dat East field. The field, located in lease MC 509-1, is in a water depth of approximately 1,300 metres.The Who Dat East project is a one-well development comprising the completion of the 2024 Who Dat East discovery well, the construction of a 29-kilometer pipeline to the Who Dat Floating Production System (FPS)…
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