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GTT Receives Samsung Heavy Industries Order for LNG Carrier Tank Design
GTT announces that it has received, in the first quarter of 2026, an order from the shipyard Samsung Heavy Industries for the tank design of one new Liquefied Natural Gas Carrier (LNGC) on behalf of a European ship-owner.GTT will design the cryogenic tanks of the vessel, which will provide a total capacity of 180,000 m³. The tanks will be fitted with GTTâs Mark III Flex membrane containment system.Delivery of the vessel is expected in 2028.
Multiple Tankers Under Attack in Gulf Waters as US-Iran Conflict Escalates
More tankers came under attack in Gulf waters on Thursday as the U.S.âIran war escalated, and Iranian drones entered Azerbaijan, threatening to spread the crisis to more oil producers in the region.A Bahamas-flagged crude oil tanker was targeted by an Iranian remote-controlled boat laden with explosives while anchored near Iraq's Khor al Zubair port, according to initial assessments. A second tankerâŠ
Oil Surges 3% on Supply Concerns as Iran Conflict Escalates
Oil prices surged more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran raised fears of prolonged disruptions to vital Middle East oil and gas supplies.Brent LCOc1 crude advanced $2.44, or 3%, to $83.84 per barrel by 0722 GMT, a fifth session of gains. U.S. West Texas Intermediate crude CLc1 rose $2.44, or 3.27%, to $77.10.Crude oil markets remained on edge as they face ongoing risks to supply following the attacks in the Middle EastâŠ
EU Launches Industrial Maritime Strategy
The European Commission has adopted a comprehensive Industrial Maritime Strategy to drive competitiveness, innovation and technological leadership in Europeâs maritime manufacturing and shipping industries. The strategy sets out a vision and concrete actions to reinforce Europeâs industrial sovereignty, trade and economic security, while supporting the sectorsâ clean and digital transition.EU shipbuilding and shipping are vital to the Union's strategic autonomyâŠ
Shipping Crisis in the Strait of Hormuz Deepens, Tankers Stranded for Fifth Day
The U.S.âIran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralysed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil and gas flows.The U.S. submarine strike on the Iranian vessel came as U.S. President Donald Trump pledged to provide insurance and navy escorts to ships exporting oil and gas from the Middle East in a bid to contain soaring energy prices.At least 200 shipsâŠ
Russian LNG Tanker Sinks in Mediterranean
A Russian tanker carrying liquefied natural gas (LNG) sank in the Mediterranean on Wednesday after what Moscow described as an attack by Ukrainian drones launched from Libya.The Arctic Metagaz sank in waters between Libya and Malta after catching fire a day earlier, Libya's maritime rescue agency said in an advisory seen by Reuters."Information indicates that the tanker experienced sudden explosions followed by a massive fire, which ultimately led to its complete sinking," the agency said.Ukrain
QatarEnergy Declares Force Majeure with LNG Production Still on Hold
QatarEnergy has declared Force Majeure to its affected buyers, following the decision to stop the production of liquefied natural gas (LNG) and associated products as a consequence of Israel-U.S. war with Iran.âQatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information,â the company said in a statement on March 4, 2026.Qatar halted its production of LNG on March 2, following Israeli and U.S.
Global Energy Prices Jump as Middle East Crisis Interrupts Shipping, Oil Production
Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.The benchmark Brent crude oil contract gained nearly 8% on Tuesday to above $83 per barrel, the highest since July 2024, taking gains since Friday to more than 15%.
Supertanker Costs Hit All-Time High as Iran Threatens Strait of Hormuz Closure
Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran conflict intensifies with Tehran attacking ships passing through the Strait of Hormuz.Shipping through the Strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas, has ground to a near halt after vessels in the area were hit as Iran retaliated against U.S.
Qatar LNG Halt Forces Asia to Seek Alternative Supplies
India began rationing natural gas on Tuesday while countries around Asia looked to the spot market to replace supplies, activated emergency plans and prepared to step up production, as the conflict in the Middle East curtailed shipping and halted Qatari output.Government officials and company executives in Japan, Taiwan, Bangladesh and Pakistan said they did not expect an immediate impact as some cargoes due this month had already arrivedâŠ
China Looks Best Placed to Weather Iran Energy Shock
China is the world's largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran.But the opposite is most likely the case, with China's vast stockpile of crude a cushion against price spikes, meaning that any energy-led inflation in the rest of the world will not hit China.It is also possible that China's refiners could reap windfall profits in the event of a prolonged disruptio
U.S. Flag Tanker Damaged, 150 Vessels Stranded with Strait of Hormuz Close
Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, two seafarers killed and 150 ships stranded around the Strait of Hormuz.Shipping through the strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of gas, has ground to a near halt after vessels in the area were hit as Iran retaliated to U.S.
Maritime Vessel Uptake of Alt Fuels Proceeds ... Slowly
According to the latest figures from DNVâs Alternative Fuels Insight (AFI) platform, 17 new orders for alternative-fuelled vessels were placed in February 2026.This was almost entirely accounted for by LNG-fuelled vessels (14), with all of these orders placed by the container segment. The remaining three orders were for dual-fuelled ethane gas carriers.A total of 37 alternative-fuelled vessels have been ordered in the first two months of the yearâŠ
Frontline Appoints New Director
Frontlineâs Ørjan Svanevik has resigned as Director of the company and has been replaced by Mikkel Storm Weum.Weum is employed as an Investment Director in Seatankers Management Norway AS, responsible for sale and purchase, newbuildings and projects. He is also serving as a director on the Board of NYSE listed Flex LNG Ltd and on the Board of NYSE listed Star Bulk Carriers Corp.Prior to being employed by Seatankers Management ASâŠ
US DOE Green Light Set to Make Corpus Christi Second Largest US LNG Scheme
The U.S. Department of Energy (DOE) has approved a 12% expansion in exports at Cheniere Energyâs Corpus Christi liquefied natural gas (LNG) terminal in Texas, authorizing additional shipments to non-free trade agreement countries.U.S. Secretary of Energy Chris Wright signed the order allowing exports of up to 0.47 billion cubic feet per day (Bcf/d) of natural gas as LNG from Trains 8 and 9 of the Corpus Christi Stage 3 ProjectâŠ
Eidesvik Offshoreâs PSV to Stay a Little Longer with Aker BP
Norwegian oil and gas company Aker BP has extended a contract for Eidesvik Offshoreâs platform supply vessel (PSV) Viking Prince.The firm period for the PSV has been extended with approximately two months, and will run to end of April 2026. No additional details about the contract were disclosed.Viking Prince is a 2012-built platform supply vessel (PSV), with a deck area of around 1 050 m2.The 89.6 meters-longâŠ
Shell, METLEN Sign LNG Supply and Trading Deal
Shell and Greeceâs METLEN have signed a memorandum of understanding (MoU) to establish a framework for cooperation in the supply and trading of liquefied natural gas (LNG).Under the agreement, the two companies plan to supply and trade approximately 0.5 to 1.0 billion cubic metres (bcm) of LNG per year over the five-year period from 2027 to 2031.Deliveries are expected to be made to the Greek LNG regasificationâŠ
Ferries: A Boost to Japanâs Long-Haul Ferry Fleet
Long-distance ferry routes form a key part of Japanâs national transport infrastructure, connecting the archipelagoâs four major islands and littoral centers of population, commerce and industry.RoRo passenger (RoPax) ferry fleet renewal and development has been a constant process over the past two decades in particular, driven largely by freight demand in combination with the pursuit of cost efficiencies and in response to new legislative edicts and rising customer expectations.
GTT Receives Tank Design Order for Two LNG Carriers
GTT announced that it has received an order from the shipyard Samsung Heavy Industries for the tank design of two new Liquefied Natural Gas Carriers (LNGCs) in the first quarter of 2026.GTT will design the cryogenic tanks of the vessels, each with a capacity of 174,000 m³. The tanks will be fitted with GTTâs Mark III Flex membrane containment system.Delivery of the vessels is expected between the fourth quarter of 2028 and the first quarter 2029.
CMA CGM Signs Vessel Order, Launches R&D Hub in India
At gathering in New Delhi in the presence of Shri Shantanu Thakur, Minister of State at the Ministry of Ports, Shipping and Waterways, and the CMA CGM Groupâs Chairman and CEO Rodolphe Saadé, the group reinforced its commitment to India. During the visit of its global leadership in India, CMA CGM signed the final Shipbuilding Contract with Cochin Shipyard Limited (CSL) for six LNG-powered containerships of 1700-teu capacity.Through CMA SHIPSâŠ
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
Maritime Reporter TV Interviews Timo Koponen, Wärtsilä
Digitalization Driving Safety in the Maritime Sector
Video: LNG Carrier Transits the Northern Sea Route
Designer seeks permit to send out United States gas to Mexico for LNG exports
Crowley Christens LNG-Powered ConRo
Pasha Hawaii Brings LNG Containerships Online
Inside Crowley's Commitment Class ConRo Ships
Maritime Reporter TV Interviews Leif Gross, Caterpillar
Enhancing Gas Carrier Reporting and Reducing Crew Burden with ABS Wavesight Nautical Systemsâą Voyage Manager
