ARC Group Receives FEMA Award for Disaster-Relief Supply Deliveries
American Roll-On/Roll-Off Carrier Group Inc. (ARC Group) announced that it has been awarded an indefinite delivery/indefinite quantity contract by the Federal Emergency Management Agency (FEMA) to provide national “cross-dock” and incident base support during emergencies and disaster response operations. Under the contract (No. 70FB7026D00000002), ARC will provide logistics capabilities that help FEMA position and rapidly deliver critical…
HydroComp Releases PropCad 2026
HydroComp has released PropCad 2026 to improve the daily tools used by propeller designers, manufacturers, and researchers to develop, inspect, and document marine propeller geometry.This year's release focuses on a smoother CAD Import workflow, more direct 3D model interaction, and continued modernization of the data-entry tables used throughout PropCad.Interactive Pitch-Plane Control for CAD Import…
Strong Demand in India Flips Russian Urals to Premium
Russian Urals crude delivered to India has flipped to a premium against the dated Brent benchmark for the first time since May as stronger Asian demand coincides with tighter export availability, three trading sources said.Cargoes of Urals crude for October delivery were offered this week at premiums up to $1 a barrel to dated Brent, compared with discounts of $1 to $2 a barrel for September-arrival cargoes…
Oil Prices Set for Second Weekly Gain as US Threatens Iranian Sanctions
Oil prices were steady on Friday and were on track for a second straight weekly gain after the United States threatened to impose the toughest sanctions in history with no end in sight for disruptions to Middle East oil flows.Brent crude futures rose 20 cents, or 0.21%, to $93.98 a barrel by 1307 GMT. U.S. West Texas Intermediate crude was up 7 cents, or 0.08%, at $86.90.The Brent benchmark has gained more than 6.1% while WTI has risen 5.3% this week…
Iran-Linked Oil Tanker Attacked by Somalian Pirates
An oil tanker under U.S. sanctions for allegedly transporting Iranian petroleum products has become the latest victim of resurgent Somali piracy when it was boarded off the coast of Yemen and diverted toward Somalia.The Eritrea-flagged Sibu 1 was seized on Thursday by six armed individuals, according to the United Kingdom Maritime Trade Operations (UKMTO). The tanker was sanctioned last December by the U.S.
MacGregor to Supply Crane for Ulstein SX121 Vessel Order
MacGregor has secured a contract to supply a 165-ton active heave compensated (AHC) crane for a newbuild Ulstein SX121 vessel ordered by Jan De Nul and under construction at China Merchants Heavy Industry (CMHI) shipyard. The order is part of a 1+1 vessel program, with delivery scheduled for February 2028.The order is booked into MacGregor’s second quarter 2026 order intake.MacGregor’s local presence and production capabilities in China provide CMHI with direct access to design…
Decrepit Port Infrastructure has Vessels Stacked Off Venezuela
Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of ageing infrastructure, power outages and quality issues, according to shipping data, sources and documents.The delays are putting roadblocks on a U.S. plan to quickly boost Venezuela's oil exports following a flagship pact with global trading houses.
Ships Trickle Through Strait of Hormuz
Seven commodity ships sailed along the Strait of Hormuz on Thursday, just half the previous day's tally, showed data from shiptracker Kpler, amid concern over risk to Middle East shipping as U.S.-Iran peace talks remain in limbo.Of the total, four ships entered and three exited the waterway, which was used by nearly a fifth of global shipments of crude oil and liquefied natural gas before war began in February.The seven did not include any very large crude carriers or liquefied natural gas tanke
