US Gulf Coast Tanker Availability Drops as Asia, Europe Seek to Replace Middle East Supply
Oil tanker availability along the U.S. Gulf Coast has dropped sharply in recent weeks, as Asian and European refiners cut off from Middle Eastern supply have been snapping up vessels to import oil and fuel from the United States, shipping analysts and traders said.The Iran war has stalled tanker movements through the Strait of Hormuz, curbing the flow of Middle Eastern oil to Asia and Europe, and prompting refiners there to buy replacement barrels from the United States…
Conrad Industries Shares 2025 Results, Backlog
Conrad Industries, Inc. announced its 2025 results and backlog.For the quarter ended December 31, 2025, Conrad had net income of $4.7 million and earnings per diluted share of $0.94 compared to net loss of $14,000 and earnings per diluted share of $0.00 during the fourth quarter of 2024. The Company reported net income of $19.9 million and income per diluted share of $3.96 for the twelve months ending December 31…
Polar Max Project Celebrates Start of Construction
The Polar Max project reached an important milestone as Davie and ALMACO officially marked the start of construction with a project kickoff ceremony at Davie’s shipyard in Lévis, Québec. The event signaled the formal transition from planning and design into full execution for one of Canada’s most significant shipbuilding programs under the National Shipbuilding Strategy.Polar Max is a next‑generation icebreaking vessel designed to strengthen Canada’s Arctic and maritime capabilities.
Thailand Seeks LNG Supplies from Malaysia Due to Middle East Conflict
Thailand is actively seeking additional LNG supplies from Malaysia following disruptions caused by the ongoing Middle East conflict, Thai energy government officials said on Wednesday.Thailand would need to diversify some of its LNG supply away from the Middle East, estimated at roughly 5% to 10%, said Watcharin Boonyarit, the Energy Ministry's deputy director general of its Energy Policy and Planning Office, on the sidelines of the Offshore Technology Conference in Kuala Lumpur."Roughly two to
Oil Tanker in Qatari Waters Hit by Iranian Missile
An oil tanker leased to state-owned QatarEnergy was hit by an Iranian cruise missile on Wednesday in Qatari waters, the defence ministry said.Qatar was targeted by three cruise missiles coming from Iran. Two were intercepted while the third hit the Aqua 1 fuel oil tanker, but caused no casualties.Iran's Islamic Revolutionary Guard Corps said they had targeted the oil tanker because of what they said…
Cavotec Signs $15b Order for MoorMaster Systems in North America
Cavotec has signed an order valued at approximately USD15.11 million (EUR 13 million) for the supply of MoorMaster automated vacuum mooring systems for a special application in North America. Deliveries are scheduled between October 2027 and March 2028.The MoorMaster systems will help ensure safe, reliable, and efficient vessel operations. Cavotec has over 20 years of experience in automated vacuum mooring and MoorMaster systems increase safety…
Insights: As Ships Get Bigger, Pilots Keep Maritime Commerce Flowing
Over 95% of large ocean-going vessels moving in U.S. waterways are under the direction and control of a pilot that is a member of the American Pilots’ Association (APA). The enormous increase in vessel sizes – as much as five times bigger than just twenty years ago – without corresponding expansions of waterways has made the already difficult work of these pilots even more challenging.APA-member pilots are generally the only U.S.
Bahrain Circulates Revised UN Hormuz Draft
Bahrain has circulated a revised U.N. Security Council draft resolution on protecting commercial shipping in and around the Strait of Hormuz, retaining language authorising “all necessary means” but dropping an explicit reference to binding enforcement.Shipping through the waterway, through which roughly a fifth of global oil supplies pass and which underpins Gulf economies, has already slowed to a…
Iran War Reshapes Global LNG Trade
The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Australia, which last year slipped to the third-largest exporter of the super-chilled fuel behind the United States and Qatar.But the effective closure of the Strait of Hormuz has shut off Qatar's LNG exports…
Shale Oil Components Detected in Marine Fuels, says VPS
VPS has seen an increase in the levels of shale oil components in marine fuels bunkered recently in Singapore. Although we have received no reports of problems, from vessels using these fuels, we do recommend caution as detailed below:Over the course of February and March 2026, VPS testing identified 90,000mt of delivered VLSFO bunkers containing compounds consistent with an Estonian Shale Oil derived stream.
ASRY, stc Bahrain Launch Vehicle Fleet Management System
The Arab Shipbuilding and Repair Yard Company (ASRY) completed the implementation of its vehicle fleet management and tracking system, developed in partnership with stc Bahrain, a digital enabler in the Kingdom.This project, which forms part of a broader series of strategic initiatives between the two parties, aligns with ASRY’s ongoing efforts to enhance operational excellence and drive its digital…
NYK Bulkship Partners Sets Sail
A new integrated structure that combines maritime transport, ship owning, and ship management.With the aim of further strengthening the competitiveness of the NYK Group’s dry bulk business…
AAL Names Latest Heavy Lift Ship
AAL Shipping (AAL) has named its latest Super B-Class heavy lift vessel, AAL Newcastle, at the CSSC Huangpu Wenchong Shipyard in Guangzhou, China. The ceremony also served as the backdrop for the ordering of two further Super B-Class vessels. AAL Tianjin and AAL Miami, will join the fleet in early 2028, expanding the class to ten ships in total.Purpose built for heavy lift and complex project cargo…
How Many Ships have been Attacked in the Gulf Since Start of Iran War?
The Iran war has threatened Gulf ports and disrupted global trade through the Strait of Hormuz, a vital waterway through which roughly a fifth of the world's oil and liquefied natural gas normally passes.Iran's Revolutionary Guards have warned that ships passing through the narrow Strait will be targeted, after the U.S. and Israel launched strikes on the country on February 28.Below is a list of reported…
Maritime Strategies International Appoints North America Director
Maritime Strategies International (MSI) has appointed John Moulopoulos as Director, North America, with responsibility for business development in the Americas.He joins MSI from Marsoft and in addition to working with North American shipowners and maritime investors he will draw on his heritage and network to support MSI customers in Greece. He will leverage his previous experience in data delivery…
Magnet Defense Begins Production of First M48 Platform
Magnet Defense today announced beginning production of its first deliverable M48 unmanned surface vessel (USV), marking a pivotal milestone as the M48 transitions from an operationally validated prototype program to a production platform.The M48 offers a range of up to 17,000 nautical miles and the ability to self-deploy from San Diego to the Arabian Gulf, unassisted and without refueling. This performance…
IMO Facilitation Committee Approves Digitalization Strategy
The IMO Facilitation Committee (FAL) has approved a global strategy for maritime digitalization as well as cybersecurity measures for maritime single windows.Meeting in London for its 50th session (23 - 27 March), the Committee approved the IMO Strategy on Maritime Digitalization which emphasizes interoperability, system standardization, data-sharing and effective data governance across organizations and jurisdictions.The Strategy establishes maritime digitalization as an overarching IMO policy…
Windward: Strait of Hormuz Throughput is Increasing
Transit through the Strait of Hormuz remains controlled rather than open, but throughput is increasing, according to Windward’s latest intelligence report.On March 30, six AIS-transmitting vessels crossed the corridor, while additional movements likely occurred under partial or fully dark conditions.At the same time, vessel activity at the Iranian city of Bandar Abbas provides visibility into how this system operates in practice.
IACS 2025 Annual Review Highlights Safety Role of Class
The International Association of Classification Societies (IACS) has released its 2025 Annual Review which showcases the central role played by IACS and its members in supporting safety standards and driving technical innovation in the maritime industry.The report identifies many areas of progress, including IACS’s ongoing role in supporting decarbonisation objectives. Through its Safe Decarbonisation Panel…
Falklands Maritime Heritage Trust's 3D Model of Edurance to Go on Public Display
The Falklands Maritime Heritage Trust (FMHT) has announced that its 3D printed model of the wreck of Sir Ernest Shackleton’s ship Endurance will go on public display at Discovery Point in Dundee.Arriving on April 30, 2026, the model will be unveiled as part of a special event featuring a talk by FMHT Founding Trustee and Director of Exploration, Mensun Bound. The event will offer visitors a rare, behind…
