Maritime Industry Top News
UK Authorizes Military to Board Russian Shadow Tankers in British Waters
Prime Minister Keir Starmer said on Thursday he had authorised the military to board and detain Russian ships in British waters to disrupt a network of vessels that his government says enables Moscow to export oil despite Western sanctions.The decision comes as other European nations, including France, Belgium and Sweden, have stepped up efforts to detain Russia's so-called shadow fleet of tankers…
Houthis Stand Ready to Join Iran War, Additional Shipping Risk
Yemen's Iran-aligned Houthi movement, whose attacks on the Red Sea caused international shipping and trade chaos during the Gaza war, stands ready to strike the key waterway again in solidarity with Tehran, one Houthi leader told Reuters, a move that would deepen a global oil and economic crisis brought on by the Middle East war.If the Houthis open a new front in the conflict, one obvious target would be the Bab al-Mandab Strait off the coast of Yemen…
Asian Buyers Rush for Russian Oil Amid Supply Disruption
Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are lining up to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply, several sources including Russia said.Since the war in Ukraine prompted European customers - once the biggest buyers of Russian oil and gas - to shun Moscow, India and China have accounted for around 80% of Russian oil exports.
Maraen Approves $40M Port of Nigg Upgrade After Rebrand
Maraen has approved plans for more than $40 million (£30 million) investment for the upgrades at the Port of Nigg, following the integration of three energy businesses under a new brand.Maraen combines the capabilities of Port of Nigg, Global Energy (Group) and Global Energy Services, after their acquisition by Mitsui & Co. Europe and Mitsui O.S.K. Lines (MOL) in 2025.The company said a final investment…
Iran Grants Malaysian Vessels Safe Passage Through Strait of Hormuz
Malaysia's Prime Minister Anwar Ibrahim said on Thursday he had spoken to the leaders of Iran, Egypt, Turkey and other regional countries and said Malaysian vessels were now being allowed to pass through the Strait of Hormuz.Anwar in a televised address thanked Iran's president for allowing the passage of Malaysian ships."We are now in the process of releasing the Malaysian oil tankers and the workers involved so that they may continue their journey home," he said.Anwar said he talked with Iran
Cadeler Raises Over $200M to Fund Fleet Expansion Plans
Cadeler has raised approximately $203 million (€175 million) through a private placement to fund planned investments in new offshore wind installation vessels and potential asset acquisitions.The offshore wind contractor said the proceeds will support initial capital commitments for two proposed T-class wind foundation installation vessel newbuilds, as well as the potential acquisition and conversion of a scour protection vessel.According to Cadeler…
Delfin LNG Nears FID as Pipeline Restart Awaits Approval
A final investment decision is expected in the Delfin LNG project offshore Louisiana in the next few weeks, or at most months, according to Eduard Ruijs, head of investment for Vitol, a company that is investing in the project.The 13.2 million metric tons project would have received financial approval sooner had the pipeline to take gas to the proposed floating LNG plant not exploded, Ruijs told Reuters on Wednesday on the sidelines of the CERAWeek conference in Houston.The pipeline…
Iran War Energy Shock Pushes Europe to Rethink Climate Policies
The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in its fourth week, has rattled Europe, which is heavily dependent on imported oil and gas. Around 8% of its liquefied natural gas (LNG) comes from the Middle East through the all-important Strait of Hormuz…
Iran War Sends LNG Prices Soaring, Curbing Asia Demand
The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers.Before the war, analysts expected global liquefied natural gas supply to rise as much as 10% this year to between 460 million and 484 million metric tons as new capacity, mainly in the U.S.
Oil Rises as Ceasefire Optimism Fades
Oil rose about 2% on Thursday, clawing back losses from the previous session on concerns that protracted fighting in the Middle East will further disrupt energy flows.Brent futures LCOc1 rose $2.08, or 2.03%, to $104.30 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures CLc1 were up $1.93, or 2.14%, at $92.25 a barrel.Both benchmarks slumped more than 2% on Wednesday.Iran is still reviewing a U.S.
Turkish Tanker Hit by Drone in Black Sea after Departing Russia
A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul's Bosphorus strait on Thursday, Turkey's transportation minister said.The incident, one of several in recent months involving Western-sanctioned vessels heading to or from Russian ports, occurred in the early hours, minister Abdulkadir Uraloglu told broadcaster Kanal 24.All 27 crew were safe…
Legal Action Taken Following Spiridon II Livestock Deaths
Following the deaths of hundreds on cattle on the livestock carrier Spiridon II last year, Animal Welfare Foundation reports that Turkish importers are taking legal action against the livestock dealer.The Spiridon II was stranded off the Turkish coast for several weeks after a month-long voyage from Uruguay when the consignment of around 2,900 dairy cattle was rejected by local authorities. Court transcripts translated by Animal Welfare Foundation indicate that 58 cows died in transit to Turkey…
CMA CGM Partners with Neoline
CMA CGM is making Neoline's wind-powered vessel Neoliner Origin directly accessible to its customers.The company says this low-carbon solution will strengthen its service offering between France and North America.Customers will now be able to use direct round-trip connections from Montoir (France) to Baltimore (US) and Halifax (Canada).The Neoliner Origin’s innovative propulsion system offers an environmentally friendly solution…
OpenTug Expands BargeOS with Invoice Reconciliation Capabilities
OpenTug has expanded capabilities within its Invoice Intelligence module, introducing cost reconciliation functionality that automatically compares invoiced expenses against costs estimated by BargeOS, based on live operational data.The release further advances the solution as an end-to-end voyage management platform, connecting contracts, operational execution, and financial validation within a single…
Two Ships Entangled on Mississippi River
The US Coast Guard is responding after two vessels, the general cargo ship Pac Dubhe and the bulk carrier African Buzzard, collided and subsequently grounded near mile marker 124.5 on the Mississippi River on Monday.The African Buzzard is currently aground. The two vessels are entangled, with the African Buzzard’s anchor lodged in the front of the Pac Dubhe.Both vessel operators are conducting comprehensive…
Freeport CEO Says Iran War Could Delay New US LNG Projects
Supply disruptions linked to the U.S.-Israeli war on Iran could delay construction of liquefied natural gas projects slated for development in the U.S., Freeport LNG CEO Michael Smith said on Wednesday at the CERAWeek energy conference in Houston.The U.S. is the world’s largest LNG exporter and has more new capacity under construction than any other country.Smith said the conflict’s impact could extend beyond oil and gas supply chains…
UK Authorises Military to Board Russian Shadow Fleet Tankers
British Prime Minister Keir Starmer said on Wednesday he has given the military permission to board and detain Russian ships his government alleges are part of a network of vessels that enables Moscow to export oil despite Western sanctions.The decision comes as other European nations have stepped up efforts to disrupt Russia's so-called shadow fleet of tankers used by Moscow to fund its four-year…
Asia Pacific Maritime 2026: Product Launches & Collaborations
Asia Pacific Maritime (APM) 2026 kicked off today to a record-breaking turnout, with its largest-ever edition occupying 6 exhibition halls across 2 levels at the Sands Expo & Convention Centre, Marina Bay Sands Singapore. Bringing together 819 exhibitors, including 20 international pavilions, the 19th edition sets the stage for three days of industry dialogue, innovation & tech breakthroughs in maritime collaboration…
India Buys First Iraian LPG Since US Removes Sanctions
India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on Tehran's oil and refined fuels, LSG trade flows and three industry sources said.India had shunned energy purchases from Iran in 2019 under pressure from Western sanctions. The tanker was initially bound for China, according to LSEG data.Sanctioned tanker Aurora carrying Iranian LPG is expected to shortly reach the west coast port of Mangalore…
Italian Looks to Receive LNG from Algeria, Strengthen Energy Cooperation
Italy hopes to receive more gas from Algeria after agreeing to strengthen energy cooperation with the north African nation, Italian Prime Minister Giorgia Meloni said on a visit to Algiers.Meloni met President Abdelmadjid Tebboune as Rome faces prolonged disruptions in liquefied natural gas (LNG) supplies from Qatar, which previously covered around 10% of Italy's annual gas consumption."We have decided…
