Maritime Industry Top News
HaiSea Marine Awards Contracts for Escort Vessel, Terminal Tugboats
HaiSea Marine is expanding its fleet on BC's North Coast and has placed orders for one new escort tugboat and two terminal tugboats.The contract to build an escort tug was awarded to Sanmar Shipyards, based in Türkiye. The escort vessel is a variant of the well-proven Robert Allan designed RAstar 4000 series of high-performance escort tugs, and features a similar design to the widely acclaimed HaiSea…
FreightWeekSTL Panel Highlights Building US Inland Waterways Workforce
A recent FreightWeekSTL panel highlighted how expanding awareness of maritime careers, strengthening industry partnerships and increasing access to hands-on experiences are critical to building the next-generation workforce for America’s inland waterways. The session explored how industry leaders, workforce initiatives and emerging professionals are working together to connect students and job seekers with meaningful career opportunities across the river system.
Lost Gulf Oil Since Start of Iran War is Less Than Previously Thought
Since the start of the Iran war and Tehran's announcement that the Strait of Hormuz was "closed", the market has grappled to put a figure on lost crude supply and to predict the price of oil.Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to 15 million barrels a day, and you easily have the biggest crisis in history.Accordingly, benchmark Brent crude futures shot to nearly $120 per barrel in early March.
Venezuela: Trinidad and Tobago Oil Spill is Detrimental to Environment
Venezuela's government said on Friday that an oil spill originating from Trinidad and Tobago is putting fishing as well as the environment at risk."This event exceeds in magnitude the one that occurred in May and confirms the drift of pollutants toward Venezuelan waters," the government said in a statement without providing further details on the extent of the spill, which it said was confirmed by…
Shipping Industry Leaders Condemn Recent Attacks on Seafarers
BIMCO, the International Chamber of Shipping (ICS), INTERCARGO and INTERTANKO unanimously condemns recent attacks on seafarers and commercial shipping in and around the Strait of Hormuz. According to the International Maritime Organization (IMO), the organization has verified 46 attacks on international shipping in and around the Strait of Hormuz since February 28, 2026, with 14 confirmed seafarer…
LNG-Fueled Cruise Vessel Mein Schiff Delivered
Fincantieri delivered Mein Schiff Flow, the second of two next-generation InTUItion-class cruise ships built for TUI Cruises.Built at Fincantieri's Monfalcone, Italy, yard, the 160,000gt vessel can accommodate around 4,000 passengers. It follows sister ship Mein Schiff Relax as part of a new class developed by Fincantieri to combine advanced environmental performance with modern cruise operations.A key feature of Mein Schiff Flow is its dual-fuel propulsion capability…
BP Looks to Shed Gulf of America Projects, sources say
BP has started a process to sell stakes in two of its Gulf of America projects, four people with knowledge of the matter said, in what would be one of new CEO Meg O'Neill's first moves.BP, one of the largest operators in the Gulf of America, has been weighing a sale of minority stakes in the Kaskida and Tiber projects for more than a year, with each estimated to be worth billions of dollars to the company…
Three Dead as Supply Boat Sinks Off Singapore Terminal
A supply boat sunk off Pasir Panjang Terminal on June 12, 2026 at about 9.30 AM after colliding with a landing craft. The Maritime and Port Authority of Singapore (MPA), Police Coast Guard (PCG), and SCDF Marine Division, immediately activated their crafts to the incident site and commenced search and rescue operations.The landing craft is stable with no reported injury to crew on board.PCG has recovered three bodies from the waters…
Nereida Energy Raises Over $3M to Expand Maritime Battery Tech Business
Norwegian maritime technology company Nereida Energy has raised $3.3 million (NOK 32 million) through a private placement of shares backed by a group of industrial and financial investors, including Grieg, Eviny, Nysnø and Nye Aasen.The company, which develops battery and energy storage solutions for vessels ranging from ferries and service vessels to offshore ships and wellboats, said the proceeds will be used to strengthen its organization…
JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project
JERA has received its first liquefied natural gas (LNG) cargo from the Barossa gas project in Australia, marking the start of LNG deliveries from the offshore development to Japan's largest power generation company.The cargo arrived aboard the LNG carrier Sohshu Maru at JERA's Futtsu LNG terminal on June 12, following the start of production from the Barossa project in late 2025.Located offshore Australia's Northern Territory…
BRIN Taps Shipbuilder PIRIOU for Research Vessel Pair
The “Badan Riset dan Inovasi Nasional” (BRIN), Indonesia’s national agency for research and innovation, has commissioned the French shipbuilder PIRIOU to design and build two research vessels:a multimission offshore hydro-oceanographic vessel (ORV – Ocean Going Research Vessel) and a coastal research vessel (CRV – Coastal Research Vessel).The order was signed on June 11, 2026 during a ceremony held in Indonesia…
Oil Falls More Than 2% as US-Iran Tensions Ease
Oil prices fell more than 2% on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent futures LCOc1were down $2.11 or 2.3% at $88.27 a barrel by 0640 GMT, while U.S. West Texas Intermediate (WTI) CLc1 crude dropped $1.90, or 2.2%, to $85.81.Trump called off planned strikes on Thursday…
ClassNK CEO Hayato Suga Sees Class Evolving with AI
For ClassNK President and CEO Hayato Suga, the industry’s current moment is unlike anything he has seen in his career.Ask Suga to identify the single most consequential technical trend shaping future ship design and operations, and he answers without hesitation: AI.AI can improve risk prediction, enhance safety assessments, optimize environmental performance, streamline surveys, and fundamentally change how technical services are delivered.Internally…
US Sanctions Cuban State Oil Company
The United States issued sanctions against Cuban state oil company Union Cuba Petroleo (CUPET), the Treasury Department website showed on Thursday, adding more obstacles for the island's government to import much-needed fuel.Washington has imposed sanctions on an array of Cuban entities and people, including the island nation's president, as it seeks to intensify pressure on Cuba's communist leaders.The sanctions follow the U.S.
Ethanol Gains Traction as Marine Fuel
Shipping companies including Maersk and mining giant Vale are turning to ethanol as a marine fuel to cut emissions as abundant supply and lower cost make it more attractive than other low-carbon fuels, with further commercial usage expected as early as next year.The use of ethanol in shipping could open a new demand channel for the fuel, which in some countries is blended into gasoline, while offering…
Iran Prevents Tanker from Entering Strait of Hormuz
Iranian forces prevented a tanker from transiting the Strait of Hormuz without coordination, state media reported early on Friday.Iranian media earlier reported sounds of explosions near Bandar Abbas, but state news agency IRNA later said no explosions had been reported in the port city and that any sounds could have been related to military activity in maritime areas.Iran's top joint military command announced on Thursday the closure of the Strait of Hormuz, including oil tankers and commercial
Trygve Nøkleby Receives 20th WISTA Norway Leadership Award
WISTA Norway has named Trygve Nøkleby, Managing Director of the Bergen Shipowners Association, the recipient of the 20th annual WISTA Norway Leadership Award, presented at the Bergen International Shipping Conference on June 10.With the honor, Nøkleby becomes only the second man ever to receive the award which recognizes an individual who has demonstrated outstanding leadership, inspired others, and…
Los Angeles Adopts $3.4 Billion Port Budget
The Los Angeles Board of Harbor Commissioners has approved a $3.4 billion annual budget for Fiscal Year (FY) 2026/27 for the Port of Los Angeles. The financial blueprint calls for increased investments in Port operational and community public-access infrastructure, as well as support for a range of sustainability and technology programs.The Port’s FY 2026/27 adopted budget is based on predictions of steady…
Spiridon II Livestock Transport Organizer Due in Court
The Austrian livestock dealer allegedly responsible for the weeks of livestock suffering and death on the Spiridon II is to appear before the Krems Regional Court in Austria on Friday as part of a civil lawsuit. The importers of the animals accuse him of fraud.The cattle from Uruguay—half of which were pregnant heifers—were originally destined for Turkey. Upon arrival, however, they were not allowed to be unloaded from Spiridon II because…
Saronic, Castelion Collaborate on Maritime Hypersonic Launch Capability
Saronic and Castelion have announced plans to join forces to launch a hypersonic vehicle from an unmanned surface vessel. By integrating Castelion’s Blackbeard with Saronic’s Medium Unmanned Surface Vessel (MUSV) Marauder, the two companies offer a powerful, credible option to deter would-be adversaries.A First-of-Its-Kind IntegrationThe collaboration between Castelion and Saronic marks the first integration…
