Hapag-Lloyd Revising $4.2B ZIM Offer to Address Israeli Concerns
Hapag-Lloyd is working with the Israeli government on improvements to its proposed $4.2 billion cash purchase of ZIM Integrated Shipping Services, the German shipping group said on Monday.The proposed deal has faced heavy opposition in Israel, including ZIM's workers, Defence Minister Israel Katz and other government officials, who argue that it undermines national security by transferring Israel'sā¦
Inmarsatās NexusWave Earns Bureau Veritas Cyber Certification
Inmarsat Maritime, a Viasat company, has secured Cyber Security Type Approval from Bureau Veritas (BV) for its NexusWave multi-network maritime connectivity service, following an assessment against the International Association of Classification Societies' (IACS) Unified Requirement E27.The approval follows a ClassNK Cyber Security Type Approval against the same IACS requirement earlier in 2026, addingā¦
Kongsberg Maritime to Acquire Finnish Propulsion Specialist Steerprop
Kongsberg Maritime has entered into an agreement to acquire Finnish azimuth propulsion specialist Steerprop, strengthening its position in the Arctic and high ice-class vessel market.Steerprop designs and manufactures azimuth propulsion systems for icebreakers, polar research vessels, offshore support vessels and other demanding applications. It has an installed base of more than 400 vessels globally and a significant order backlogā¦
Oil Jumps as Houthi Strikes Disrupt Saudi Energy Operations
Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis attacked Saudi energy facilities and Tehran threatened the United States with "economic warfare".Brent crude futures LCOc1 were up $2.00, or 2.06%, at $99.00 a barrel by 0800 GMT. U.S. West Texas Intermediate crude CLc1 was at $94.41 a barrel, up $2.93, or 3.2%.Brent earlier rose to as much as $99.22 a barrel, its highest since July 24ā¦
Iran Raises Stakes with Gulf Exclusion Zone and Missile Warning
Iran threatened the United States with "economic warfare" on Tuesday and said it had fired an advanced missile at U.S. warships, underscoring the risks of further escalation in the war only days after both sides traded blows again.The six-month-old war has been marked by a cycle of pauses followed by periodic flare-ups, with the U.S. last reporting attacks on Iranian targets on Saturday, when U.S. forces struck three Iranian oil tankers.
Windward Offshore Completes Four-Vessel Vard-Built CSOV Fleet (Video)
Windward Offshore has taken delivery of the Windward Hamburg, completing its four-vessel series of purpose-built commissioning service operation vessels (CSOVs) ordered from shipbuilder Vard.The delivery brings the Windward Hamburg into the fleet alongside sister vessels Windward Athens, Windward Paris and Windward Munich, providing capacity to support offshore wind projects during construction, commissioning and long-term operations.Based on VARD's 4 19 designā¦
Tanker Strikes Push Hormuz Traffic to Lowest Since May
An average of 10 commodity ships transited the Strait of Hormuz per day over the past 10 days, the lowest since May, according to shipping data on Monday, after U.S. and Iranian strikes on tankers.The 10-day moving average was 10 on Sunday, down from more than 15 on Friday and nearly 13 on Saturday, data from analytics firm Kpler found.Only two vessels passed through the strait on Saturday while six went through on Sunday, mostly using the Iranian route.U.S.
Wärtsilä Signs Lifecycle Agreement With Mercy Ships International
Wärtsilä has signed a Lifecycle Agreement with charity organization Mercy Ships International. The contract covers a 5-year renewal of an existing service agreement for the world's largest purpose-built civilian hospital ship, the Global Mercy, and a 3-year service agreement for the organizationās latest newbuild vessel, the Africa Mercy II. Both ships are fitted with Wärtsilä engines. The order was booked by Wärtsilä in Q3 2026.Mercy Ships provides free medical careā¦
KR Releases Statement of Fact for ShipWatch Vessel Performance Calculation Methodology
KR (Korean Register) has issued a Statement of Fact for the Vessel Performance Calculation Methodology developed by ShipWatch, an affiliated company of Navig8 and ADNOC L&S. KRās technical review confirmed that the methodology aligns with the principles and performance-monitoring sequences established in the international standards ISO 15016:2015 and ISO 19030:2016.The Statement of Fact was formally presented to ShipWatch on September 2 during SMM 2026 in Hamburgā¦
Techcross Updates Smart Platform Vessel Management Service
Techcross has completely renewed its Smart Platform, a web-based service for shipowners. The key focus of the renewal is to go beyond simply providing operational data from Ballast Water Management Systems (BWMS) by improving the information structure and data analytics functions, enabling users to identify vessel conditions and necessary actions more quickly.The renewed Smart Platform categorizes the status of vessels within a shipowner's fleet into three levelsāAlertā¦
Indian Recycling Yards Pushed Towards Highly Speculative Bids
Indian ship recyclers are increasingly prepared to bid at levels that could result in substantial losses based on current prices as competition for a limited number of end-of-life vessels intensifies, according to Wirana Shipping, one of the worldās oldest and largest cash buyers of vessels for recycling.Indian ship recycling offers have climbed by as much as USD 30/LT LDT in three weeks as competition for limited vessel supply intensifiesā¦
South Korea Reviewing Military Options for Hormuz
South Korea is reviewing options, including military measures, to support freedom of navigation in the Strait of Hormuz, the presidential office said on Friday, while denying media reports that the government had already decided on a deployment.Several South Korean media outlets, including JTBC and MBC, reported late on Thursday that Seoul was preparing to deploy military assets before the end of theā¦
Milei Vows Tougher Sanctions, Defense Push Over Falklands Oil Drilling
Argentine President Javier Milei said on Thursday he would tighten sanctions on companies involved in oil projects around the Falkland Islands, boost defense resources in the country's south and send Congress a bill aimed at strengthening Argentina's response to what he called violations of its sovereignty.In a televised address, Milei said he would sign a decree to speed sanctions under Argentineā¦
Operating Without People at Sea Doesnāt Mean Operating Without People
Autonomy is often described as removing people from operations. Thatās not quite right.Itās not a case of people āsimplyā being replaced by machines. Itās about the move from vessel-centered operations to shore-enabled operations. People still matter, but their roles, locations and relationships with the operation change fundamentally. Uncrewed doesnāt mean unattended.Control is redistributed, not removedIn our coastal surveillance work in the Middle Eastā¦
Everllence Signs Long-Term Service Agreements with TT-Line
Everllence has signed Long-Term Service Agreements (LTSAs) with German ferry operator, TT-Line, at the 2026 SMM maritime trade fair in Hamburg. The agreements cover two newbuilding RoPax vessels currently under construction at China Merchants Jinling Shipyard (Jiangsu) plus two other vessels from TT-Linesā existing fleet: the Nils Holgersson and the Peter Pan ā both also constructed by China Merchants.Theā¦
China Conducted Survey of Waters East of Taiwan
China's Ministry of Natural Resources conducted a survey of waters east of Taiwan last month that it said would help it create "one map" for territorial planning and resource management, state broadcaster CCTV said on Thursday.China has been stepping up its activities to the east of Taiwan in the Pacific Ocean to assert its claims of sovereignty and jurisdiction over the island and its waters, to theā¦
Ten Missing After Ship Sinks Off Istanbul
Turkish authorities continued searching on Thursday for 10 crew members missing after a cargo ship sank off the coast of Istanbul following a collision with another vessel, state-owned Anadolu Agency reported.Two Turkish-flagged commercial vessels collided in the Sea of Marmara off Istanbul on Wednesday. Authorities said one of the ships, carrying 10 crew members, is believed to have sunk within about 11 minutes of the crash.Search operations involving the coast guardā¦
Norway Seizes Russian Cruise Ship on Behalf of Ukrainian Energy Firm Naftogaz
Norwegian authorities have seized a Russian cruise ship in the Arctic on behalf of Ukrainian energy company Naftogaz, which is seeking to enforce a $4.22 billion compensation award for assets that Moscow took when Russia annexed Crimea in 2014.Officials said the vessel, the Professor Molchanov, was seized late on Wednesday in Barentsburg, a coal mining settlement that Russia operates on the Norwegianā¦
Nigeria Looks to Double Energy Investment Within Five Years
Nigeria could double investment into its energy sector within five years after joining the International Energy Agency, its chief Fatih Birol said on Thursday, as nations seek partners they can "trust" after supply disruptions from the wars in Iran and Ukraine.Speaking during a visit to Abuja, Birol told Reuters that Nigeria's admission as an associate member of the Paris-based energy watchdog would help attract investmentā¦
Strait of Hormuz Stalemate Worsens As US, Iran Refuse to Back Down
A U.S. campaign to throttle Iran's economy by blockading its oil exports and stopping sanctions evasion is growing increasingly difficult to withstand, three senior Iranian sources said.Washington has in recent weeks sought to ratchet up the economic pressure on Tehran, in an effort to extract concessions in any future negotiation that six months of conflict have so far failed to secure.Although Iran's clerical rulers managed to bypass sanctions for decades, the latest U.S.
