UAE Oil Exports Rise Since Leaving OPEC
Six months after leaving OPEC, the United Arab Emirates on Monday began hosting ADIPEC, one of the world's largest energy conferences, where it told an audience of industry executives it had increased oil exports in spite of the Iran war.The UAE was for 59 years a pivotal member of the Organization of the Petroleum Exporting Countries. It said in April it would leave the group, weeks into the US-Israeli war with Iran.
Oil Prices Drop 7% as Iran, Qatar Open to Peace Talks
Oil prices fell more than 7% on Monday as talks between Iranian and Qatari officials lifted hopes for an end to the US-Israeli war with Iran and stabilization of Middle East crude supply.Iran's president said the supreme leader had granted the government "certain authorities" regarding peace talks. The country's negotiators held days of talks with Qatari mediators aimed at ending the war. A draft proposal is being circulated with a follow-up meeting possible…
Seven Migrants Die Offshore Canary Islands
At least seven migrants died off Spain's Canary Islands while more than 380 people were rescued on Monday, the country's maritime rescue services said.Two deceased people were found aboard a migrant boat when the coast guard rescued 132 people on Monday, 150 km (94 miles) off Lanzarote. During the same journey, five other migrants had died and been thrown into the sea, authorities added.Another 250…
Ports of Indiana Makes November 1 Leadership Transition
Jody Peacock concluded his service as Chief Executive Officer of Ports of Indiana effective November 1. On that date, Ports of Indiana Chief Operating Officer Dave Parrott and Chief Financial Officer Erica Jackson began serving as the organization’s interim leadership team. Commission Chairman Steven Stemler is taking an active role working with them to lead Ports of Indiana during the interim period.“On behalf of the Commission…
WMU Celebrates 2026 Graduates
On October 31, the World Maritime University (WMU) celebrated the graduation of the Class of 2026. Representing a global community of maritime and oceans professionals, the graduates are equipped to apply their knowledge and expertise to the challenges facing the sector and contribute to a safer, more sustainable maritime and oceans future. This year’s ceremony brings WMU’s global alumni network to nearly 7…
SCHOTTEL Unveils New Thruster for Submarines and Underwater Vehicles
German propulsion specialist SCHOTTEL has introduced a new submersible auxiliary thruster designed to improve maneuverability and positioning accuracy for crewed and uncrewed underwater vehicles, including submarines.The SCHOTTEL PumpJet Submersible SPJ-S provides continuously adjustable thrust through 360 degrees and is designed for civil and military underwater operations, including deepwater missions…
Nakilat Names Nine New Gas Carriers in South Korea
Qatar Gas Transport Company (Nakilat) has named nine new gas carriers at three South Korean shipyards, marking progress in its fleet expansion programs aimed at increasing LNG transportation capacity and diversifying into LPG/ammonia shipping.The naming ceremonies, announced on November 2, took place at HD Hyundai Heavy Industries, Hanwha Ocean and HD Hyundai Samho, covering seven LNG carriers and…
Hybrid Connectivity: Building Resiliency, Reducing Risk
The evolution of maritime communications and connectivity at sea is keeping a torrid pace, in step with evolutions of related technology. But even as connectivity reliability increases, and we edge ever closer to connectivity speed and reliability found on land, the need for a hybrid connectivity solution evolves and grows too. Ships at sea sail with a full slate of redundant equipment and systems, as commercial ships cannot risk a single point of failure.
PortXchange Expands Emissions Platform with Forecasting, AI Tools
Dutch maritime technology company PortXchange is expanding its EmissionInsider platform with emissions forecasting, scenario modelling and AI-assisted decarbonization planning tools to help ports assess the environmental impact of their operations and future investments.The planned upgrade will also introduce multimodal emissions monitoring, bringing together emissions data from vessels, trucks, rail movements and cargo-handling equipment…
DNV’s Insight: 53 New Orders for Alternative-Fueled Vessels in October
October maintained the strong pace of contracting for alternative-fueled vessels observed since the summer, with 53 new orders recorded during the month, according to DNV’s Alternative Fuels Insight (AFI) platform.LNG accounted for 30 of October’s orders. Container ships remained at the forefront of these, with 18 vessels ordered, while car carriers contributed a further 12.The month also saw 19 orders for LPG carriers…
Fairbanks Morse Defense Unveils Autonomous Vessel Recovery System
Fairbanks Morse Defense (FMD) has unveiled AutoHook, an autonomous vessel recovery interface developed by its Norway-based business Vestdavit, designed to recover uncrewed surface vessels (USVs) and other craft without manual connections.Introduced at EURONAVAL 2026 in Paris on November 2, the system is designed to automate the active recovery phase of launch and recovery operations, with FMD reporting…
MacGregor Reports Record Profitability as Q3 Orders Surge 126%
MacGregor reported record profitability in the third quarter of 2026 as new orders more than doubled to $340 million (€305.4 million), driven by strong demand across all its divisions.Orders increased 126% from $150 million (€135 million) in the same quarter last year, lifting the company's order book to $1.49 billion (€1.34 billion) at the end of September, compared with $1.11 billion (€998.6 million) a year earlier.Quarterly revenue rose 1% to $218.7 million (€196.5 million)…
Asia Break Bulk Expands Fleet with Four Heavy-Lift Vessel Newbuilds
Singapore-based Asia Break Bulk (ABB), part of Hamburg-based COLI Group, has signed long-term agreements with Schoeller Holdings for four new multipurpose heavy-lift vessels, with the first scheduled for delivery in October 2028.The four 12,600-DWT Octopus-type vessels, designed by CSSC-SDARI, will each feature two 250-tonne cranes capable of tandem lifts of up to 500 tonnes, expanding ABB's project…
NAVTOR Upgrades NavFleet with Live AIS Vessel Monitoring
Maritime technology company NAVTOR has introduced real-time AIS streaming to its NavFleet platform, allowing fleet managers to monitor vessel positions, movements and surrounding traffic with minimal latency.The new capability, included in NavFleet version 2.7.1, uses NAVTOR's existing digital infrastructure to capture and transmit live vessel AIS data, providing ship operators with more immediate access to information on vessel speed…
Oil Prices Tumble Nearly 4% as US-Iran Peace Hopes Grow
Oil fell nearly 4% on Monday as talks between Iranian and Qatari officials on a deal to end the US-Israeli war on Iran raised hopes that Middle East supply disruptions could ease.Iranian negotiators left Doha talks on Sunday, but not due to difficulties in negotiations, an official briefed on the meeting told Reuters on Monday."The new month brought with it renewed hopes of a breakthrough in the Iranian stalemate…
Iran Reports Four Tankers Exploding in Strait of Hormuz
Iran's Revolutionary Guards Navy said on Friday that four oil tankers had caught fire and exploded in the Strait of Hormuz, while attempting to use what it described as unauthorised routes, Iranian state media reported.In its latest statement, the IRGC Navy said a fourth vessel, a tanker carrying more than 2 million barrels of crude oil, had hit a mine, suffered a powerful explosion and was burning.An IRGC Navy statement had said earlier that one of the tankers…
MARAD Awards $40M in Port Infrastructure Grants to Corn Belt Ports
On October 27, 2026, the U.S. Maritime Administration (MARAD) Awarded $41,414,928 in Port Infrastructure Development Program (PIDP) Grants to Corn Belt Ports. MARAD continues to invest in the four modern, sustainable, rural, regional, multimodal, inland, partnership ports in the Heart of the Corn Belt. Since 2003, a total of $143 million has been invested by MARAD in eleven rural port infrastructure…
Big Oil Pockets Near-Record Profits but Spending Restraint Signals Long-Term Doubts
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook.BP, Chevron, Exxon Mobil, Shell and TotalEnergies reported combined net profits of $56 billion in the third quarter, driven by surging oil and gas prices, record-high refining margins and strong trading results.BP posted its highest quarterly profit ever…
Borr Drilling Confirms Fourth Death in Gabon Rig Sinking, One Missing
Borr Drilling has confirmed the recovery of a fourth body following the sinking of its Prospector 5 jack-up rig offshore Gabon, with search operations continuing for one person still missing.The company said on November 2 that the body of a fourth individual had been located during ongoing search and rescue operations, bringing the number of confirmed fatalities to four.All four bodies have been recovered and are being transported to Port Gentil…
Shifting to Neutral: A Different Way to Test a Maritime Case
The maritime industry, like every industry, is litigious. While oftentimes unavoidable, litigation can often be a major drain on company resources, namely time and money. JAMS is one of the premier providers of alternative dispute resolution (ADR) services worldwide, and Maritime Matters: The MarineLink Podcast recently visited with Judge Judith Ramseyer, a retired judge who had a long and distinguished career as a litigator and on the bench…
