Three Indian Sailors Die After US Strike Tanker off Oman
All three missing Indian seafarers have died after a U.S. military strike on a tanker in the Gulf of Oman, Indian Shipping Minister Sarbananda Sonowal said on Thursday.The U.S. said its military carried out a "precision" strike on the vessel that failed to follow its instructions and was carrying oil from Iran.Indian sources told Reuters that New Delhi had summoned the U.S.
Three More LNG Tankers Transit via Strait of Hormuz
Three more liquefied natural gas tankers have exited the Strait of Hormuz with their transponders off and are bound for destinations in Asia, although the exact timing of their transit is unclear, ship-tracking data from LSEG and Kpler showed.This comes as the United States and Iran traded air attacks for a second straight day on Thursday, with U.S. President Donald Trump vowing further strikes unless…
From Oil Importer to Export Leader: US Tops Global Oil Shipments
The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes global energy trade.America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on Middle Eastern oil for decades and suffered from an oil embargo imposed by some OPEC members in 1973 to retaliate against U.S.
Hormuz Reopening Could Trigger OPEC’s Next Big Challenge
Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market.The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas flowed before the conflict – have sharply diminished output from the Organization of the Petroleum Exporting…
Taiwan Says Sovereignty Cannot be Violated
Taiwan's maritime sovereignty cannot be "violated" by Chinese efforts to create a false impression of jurisdiction, the island's coast guard said after China ended a patrol off its eastern shores.China, which claims democratically governed Taiwan as its own territory, was angered after Japan and the Philippines said last month they would begin formal talks on their maritime boundaries, viewing that as involving waters off Taiwan.Late on Saturday…
Oil Rises $2 as Iran Announces Closure of Strait of Hormuz
Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. launched additional strikes against Iran.Brent futures LCOc1 rose $2.30, or 2.47%, to $95.40 a barrel, while U.S. West Texas Intermediate (WTI) CLc1 crude climbed $2.60, or 2.89%, to $92.63. U.S. crude futures gained more than $3 earlier in the session.Iran's top joint military command announced the closure of the Strait of Hormuz on Thursday…
Record High Bunker Oil Price Difference Between Asia and Europe
New analysis from Danish Shipping Companies shows that the price difference for bunker oil in Singapore and Rotterdam set a new record in the spring of 2026. The difference hit $362 per ton in mid-March, with price shocks hitting Asia much harder than in Europe.In a recently published analysis, Danish Shipping Companies has looked at the price development in VLSFO bunker prices (0.5% sulfur) in Rotterdam and Singapore from September 2019 to May 2026.
Royal Caribbean Welcomes Legend of the Seas
Royal Caribbean has officially welcomed Legend of the Seas. After nearly two years of construction at the Meyer Turku shipyard in Turku, Finland, the third Icon Class ship is now ready to make its July 2026 European debut.To mark the milestone, more than 1,200 crew members and partners came together for a legendary ceremony led by Royal Caribbean Group Chairman and CEO Jason Liberty, Royal Caribbean President and CEO Michael Bayley…
Trump Threatens to Attack Iran, Claims Oil Has Been Transported Through Hormuz
U.S. President Donald Trump said on Wednesday that the United States will attack Iran if no peace deal is secured and that the U.S. military secretly escorted ships carrying more than 100 million barrels of oil out of the Strait of Hormuz."We're going to be attacking them, attacking them very hard," Trump told reporters at the White House. He said the U.S. would strike Iran on Wednesday, in response…
Shipping Costs Spike Amidst Iran War Anxiety
The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on."If you want to know how seriously to take the threat of an energy crisis, look at container shipping rather than oil markets because the risk is priced into the spiraling freight rates far more clearly…
Two Vessels Under Panama, Barbados Flags Damaged in Attack in Ukrainian Waters
Two vessels under Panamanian and Barbadian flags were damaged after being attacked while moving through Ukraine's Black Sea navigation corridor, the Ukrainian Ports Authority said on Wednesday.The authority, writing on Telegram, said one vessel was headed for the port of Odesa, critical to Ukrainian exports, with a cargo of metal, while the second was carrying grain and had left the port.Both were…
Moving Freight on Inland Waterways takes Public, Private Sector Collaboration
As weather extremes, aging infrastructure and growing freight demands place increasing pressure on the U.S. inland waterway system, industry and government leaders say one factor is indispensable to maintaining reliable navigation: collaboration.That was the central message from a panel discussion during FreightWeekSTL 2026, where representatives from American Commercial Barge Line (ACBL) and the U.S.
Tech Talk: Walk Inside a Yacht Rebuild
Twenty-five years after she was launched by Feadship as Northern Light, the 46.90-m has emerged from one of the most comprehensive rebuild programs undertaken by Feadship Refit & Services in recent years.Arriving at Kaag in May 2025, the yacht was originally scheduled for a substantial refit focused on a redesigned stern arrangement, a complete repaint and a series of technical upgrades. As work progressed…
Ammonia-Fueled Vessel Delivered to EXMAR
ANTWERPEN was delivered to EXMAR, the Belgian gas shipowner and infrastructure developer, a ship powered by WinGD’s X52DF-A ammonia-fueled engine, reported to be the world’s first ocean-going ship designed to operate on ammonia fuel.The achievement is the result of a collaboration between WinGD, EXMAR, engine builder HD Hyundai Engine Machinery Division (HHI EMD) and shipyard HD Hyundai Heavy Industries Co., Ltd.
COC Boosts Offshore Capabilities with Newbuild AHTS Vessel
Caspian Offshore Construction (COC) has acquired an anchor handling tug supply (AHTS) vessel from Sinopacific Engineering & Contracting (SPEC), marking the first vessel in the SPA90 series to join the Kazakh offshore marine service provider's fleet.The shipbuilding contract was signed on April 30, 2026, at Siying Shipyard, where the vessel is under construction. A launching ceremony for the vessel was held on May 20.Named Caspian Yili…
Shipbuilding: Resourceful Dutch Play to Strengths
Adept design and production strategies underpin global competitiveness in target sectors.Dutch shipbuilding continues to demonstrate resilience and business verve in its target commercial sectors, mainly in the smaller vessel size range. It offers quality and craftmanship at an evidently acceptable price, using technology in the most pragmatic, effective way.The fact that the Netherlands retains a…
LR Certifies R/V Prince Madog Hydrogen Fuel Cell Retrofit
The UK-flagged research vessel Prince Madog has received certification for a hydrogen fuel cell retrofit, following approval by Lloyd’s Register (LR) under its ShipRight Risk Based Certification (RBC) framework. The certification was presented at Seaworks 2026 in Southampton.The project, delivered by vessel owner O.S. Energy’s Naval Architecture and R&D office in collaboration with hydrogen and clean energy systems specialist Ecomar Propulsion…
Damen to Deliver Multi Cat 2309 to Carmet Tug Company
On June 9, at the Seawork exhibition in Southampton, Damen Shipyards Group signed a contract with Carmet Tug Company for a Multi Cat (MuÇ) 2309. Merseyside UK-based towage and workboat company Carmet Tug Company operates a number of second-hand Damen vessels in its fleet, including a Shoalbuster (SBu) and Stan Tug (STu). In mid-May, Carmet's representatives visited Damen Shipyards Hardinxeld in the Netherlands to inspect and sail aboard the vessel.
HD KSOE, HD HHI, ABS Advance Battery Integration for Ultra-Large Container Ship
The American Bureau of Shipping (ABS), HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HD HHI) have completed a joint development project for a high-efficiency 16,000-TEU ultra-large container ship equipped with a battery hybrid system.ABS awarded approval in principle (AiP) to HD KSOE and HD HHI for the vessel's electrical analysis and electrical design following…
Exmar Takes Delivery of 'World's First' Oceangoing Ammonia Dual-Fuel Vessel
Exmar has taken delivery of MGC ANTWERPEN, deemed by the Belgian shipping company as the world's first oceangoing vessel powered by a dual-fuel ammonia engine.The newbuild mid-size gas carrier is capable of carrying up to 46,000 cubic meters of ammonia or liquefied petroleum gas and can operate with close to zero emissions when fueled by low-carbon ammonia.Exmar said the vessel was developed in collaboration with HD Hyundai Heavy Industries…
