Maritime news

Suez Canal revenue rose 42% in July from the year earlier, as the Iran war’s effective closure of the Strait of Hormuz and Houthi threats in the southern Red Sea led more ships to use the Egyptian waterway.

Oil tanker company Hunter Group ASA says it’s owed $55 million by a counterparty that’s disputing its contractual obligations after a surge in the world’s benchmark freight rate.

MSC Shipmanagement Limited and the owner of the containership MSC Samira III have been ordered to pay a combined $1.75 million fine after pleading guilty to concealing illegal discharges of oily waste...

The proposed battleships would carry nine large naval guns, along with a large number of missiles and other electromagnetic weapons.

Arctic LNG 2, a liquefied natural gas project led by Russia's Novatek NVTK.MM, is seeking about $1 billion in damages from South Korean shipbuilder Hanwha Ocean over canceled tanker construction contracts, according to a disclosure by Hanwha.

The Al Marrouna, which loaded LNG in Qatar early last month, was in the Gulf of Oman on Tuesday morning local time.

The statement followed an announcement by Iran's IRGC that it had launched several missiles at a U.S. aircraft carrier and a destroyer.

The operation targeted what U.S. Southern Command (SOUTHCOM) described as a fuel-support vessel connected to Los Choneros.

Low water on major rivers and canals is becoming a structural logistics risk, forcing cargo shifts and raising pressure across connected supply chains.

Two crew members were killed in the attack. Saudi Arabia's shipping company Bahri said last week that the two sailors who died were Filipino.

In a significant reversal of its Red Sea policy Hapag-Lloyd sent a service through the Suez Canal last week as global freight demand continues to rise

The ship, Lady Mariia, had left the Algerian port of Oran before the attack. It was earlier known as Stella-Maria.

Frankfurt-based investment manager Seahawk Investments has moved into direct ship lending with the launch of a Luxembourg maritime credit fund targeting smaller and mid-sized owners that have found access to traditional bank finance increasingly selective. The Transport Capital-backed firm has launched the Seahawk Mari

Authorities have started an investigation into the voyage, cargo and documents. They are also looking into the vessel's entry into Ras Isa.

Italian offshore engineering contractor Saipem has picked up another piece of Turkey’s fast-expanding Sakarya gas development, securing the commissioning work for the country’s first floating gas production unit. GOE Petrol Sanayi has awarded Saipem an eight-month contract covering commissioning services for the Osman

European natural gas prices hit a fresh three-year high as traders race to fill fuel storage facilities ahead of winter, while awaiting details of an Iran-Oman deal on shipping through the Strait of Hormuz.

Hunter Group’s long-running VLCC charter dispute has escalated further, with the amount of unpaid hire claimed by the Oslo-listed company climbing above $55m after its largest monthly shortfall to date. The unnamed long-term counterparty paid around $11.75m less than Hunter says was due for August, marking a sixth cons

McDermott has landed a subsea contract worth between $500m and $750m from Eni for the fast-tracked Cronos gas development offshore Cyprus, adding another sizeable offshore project to its orderbook. The Houston-based contractor will provide project management, engineering, procurement and installation support for the de

Turkey’s GSD Holding has added another Japanese-built bulker to its expanding newbuilding programme, signing up for a 40,300 dwt handysize for delivery in 2030. The Istanbul-listed group said its Marshall Islands-based subsidiary Lena Maritime signed the deal with Laurel World Maritime, a subsidiary of Japanese trading

U.S Navy SEALs conducted a 4-month-long covert operation in the Strait of Hormuz to clear the strategic waterway of naval mines placed by Iran.

A deep dive into Speedcast's Sigma platform for maritime connectivity

Samsung Electronics America has filed a complaint with the U.S. Federal Maritime Commission (FMC) against CMA CGM.

Greek owner Venergy Maritime has firmed two more suezmax newbuildings at China’s Hengli Shipbuilding, taking its series at the Dalian yard to four and pushing its wider newbuilding programme to 30 ships. The Vyron Vasileiadis-led company has exercised options for two 158,000 dwt tankers attached to a deal struck earlie

Another fatal accident in Bangladesh has highlighted a risk that can arise before anyone enters an enclosed space, and why the industry must give greater attention to the first opening of long-sealed ballast tanks, H2S awareness and emergency rescue. Dr Anand Hiremath, the CEO of the Sustainable Ship and Offshore Recyc

Partnership targets drydocking planning to catch scrubber issues before they become expensive problems

Thai dry bulk owner Precious Shipping has sent its newly delivered ultramax straight into term employment with Trafigura, fixing the ship for up to 14 months on an index-linked deal. The Khalid Hashim-led company said the 63,500 dwt Ratima Naree started a 12-to-14-month charter with Singapore-based Trafigura Maritime L

Drought-like conditions and low rainfall have led to a further reduction in daily ship crossings to just 29, through the Panama Canal.

Eighteen of the world’s leading maritime nations have issued an unusually stark warning that the international rules underpinning global shipping are being eroded, threatening to fragment both maritime markets and global trade. In a public statement titled In defence of free shipping, the Consultative Shipping Group (C

All 26 Filipino crew members safely disembarked from the vessel by Sept. 4 and remain unharmed, according to the DMW.

The Pinglu Canal will become the shortest, most economical and highest-efficiency sea-access channel for China’s southwestern inland regions

The final report shows underutilization of waterway risk assessment tools and vulnerability of port infrastructure to evolving risks.

QatarEnergy has sent an LNG carrier openly through the Strait of Hormuz for the first time in nearly six weeks. The QatarEnergy-controlled vessel, Al Marrouna, transited with AIS switched on, rather than using the dark-mode navigation adopted by much commercial traffic in recent weeks, and is bound for Pakistan’s Port

A former NATO Commander expressed concern over the expansion of Russian military infrastructure and naval defence capabilities of its submarines.

Shipping’s technology agenda is still being shaped too much by vendors and developers rather than the people who actually have to use the systems, according to Subhangshu Dutt, CEO of Singaporean shipowner OM Maritime. Ahead of Splash Singapore on September 24, Dutt, one of a number of shipowners sponsoring the event,

Ilya Espino de Marotta has become the first woman to take charge of the Panama Canal, inheriting an institution once again facing its most persistent modern-day enemy: water. The 65-year-old engineer formally took office on Monday for a seven-year term after more than four decades at the canal, where she has worked acr

The crew were from a Liberian-flagged general cargo ship that sailed through Hormuz in early September

A routine engine maintenance task turned dangerous when a heavy cover slipped onto a crew member’s hand.

Hapag-Lloyd and Israeli private equity firm FIMI are reworking their $4.2bn takeover of ZIM in an attempt to overcome fierce political opposition and secure Israeli government approval. The German liner giant said it has held several rounds of talks with Israel’s economy, finance and defence ministries and will submit

HMM has signed a long-term iron ore transportation contract with Brazilian mining giant Vale worth approximately KRW4.7trn ($3.4bn), further strengthening the Korean carrier’s push into stable long-duration dry bulk business. The agreement will run for 25 years per vessel, with transportation commencing in 2030. It is

Indonesia’s Buana Lintas Lautan (BULL) has added another vintage MR tanker. The tanker owner has added the 20-year-old Lady of Doria, a 46,000 dwt MR2 built at Naikai Zosen Setoda, marking its fourth MR purchase in as many months, all in a similar age bracket. The acquisition takes BULL’s fleet to 13 ships as the …

The contract will employ eight Newcastlemax newbuildings for 25 years transporting cargoes for the Brazilian miner

SLB OneSubsea has landed a controls umbilical contract from Azule Energy for the West Hub Tails project offshore Angola, adding another subsea package to the redevelopment that will shift production from the ageing Ngoma FPSO to the new Agogo unit. The SLB-controlled subsea specialist will design and deliver additional

BW Ideol has secured more than £778,000 ($1.05m) in Scottish Government funding to move its planned floating wind foundation factory at the Port of Ardersier into front-end engineering design. Highlands and Islands Enterprise approved the funding following work with Scottish Development International. The money will su

Ilya Espino de Marotta took office Monday as Administrator of the Panama Canal, becoming the first woman to lead the waterway as it confronts renewed water concerns and moves ahead...