Maritime News - VesselAPI

market May 21, 2026

Conflict in Strait of Hormuz Increases Panama Canal Traffic

The ongoing conflict in the Strait of Hormuz has led to a rise in US energy exports, subsequently increasing transits through the Panama Canal, as reported by Bimco. Seatrade Maritime highlights the impact of geopolitical tensions on global shipping routes.

Panama Canal

Seatrade Maritime

gCaptain

fleet May 21, 2026

Estonian Flag Attracts Younger Ships with Maritime Growth Initiatives

The Estonian Flag is drawing more and younger ships due to a favorable tax regime and digitally enabled administration, as reported by gCaptain. This initiative, launched in 2020, highlights Estonia's maritime ambitions and business culture fostering growth.

gCaptain

Offshore Energy

market May 21, 2026

Inpex Advances LNG Offtake Talks for Indonesia's Masela Block

Inpex, a Japanese exploration and production company, has made significant progress in discussions for LNG and pipeline gas offtake agreements from the planned $20 billion LNG project in Indonesia's Masela block, as reported by Offshore Energy. This project is pivotal for enhancing Southeast Asia's energy security.

Offshore Energy

operations May 21, 2026

Oceaneering Secures Offshore Installation Deal with Shell's JV in Egypt

Oceaneering has been awarded an integrated offshore installation contract by Burullus Gas Company, a joint venture involving Shell in Egypt, as reported by Offshore Energy. The contract involves significant offshore operations.

Offshore Energy

Splash247

fleet May 21, 2026

Zodiac Maritime Orders Four New Suezmax Tankers in China

Zodiac Maritime, based in London, is enhancing its crude tanker fleet by ordering four new suezmax tankers from Jiangsu New Hantong Ship Heavy Industry in China, as reported by Splash247. This order increases Zodiac's suezmax orderbook to a total of nine vessels.

Splash247

operations May 21, 2026

Saipem Partners with Petrobras for Brazil Offshore Decommissioning

Italian offshore contractor Saipem is expanding its presence in Brazil's decommissioning market through a new collaboration with Petrobras, as reported by Splash247. The companies have signed a memorandum of understanding to explore solutions for retiring aging offshore oil and gas infrastructure.

Splash247

operations May 21, 2026

DeepOcean Secures North Sea FPSO Decommissioning Contract

DeepOcean has been awarded a contract to assist in the decommissioning and removal of a floating production, storage, and offloading vessel in the UK North Sea, as reported by Splash247. The company will handle subsea disconnection work and support the vessel's tow to shore, expanding its decommissioning portfolio.

Splash247

operations May 21, 2026

Wood Wins Offshore Engineering Contract for QatarEnergy Project

UK engineering group Wood has secured a contract from China Offshore Oil Engineering Company to deliver detailed design work for QatarEnergy's Bul Hanine EPIC project, as reported by Splash247. The project, located offshore Qatar, aims to optimize the field's pipeline network to boost production and extend asset life.

Splash247

gCaptain

operations May 21, 2026

Saudi Wealth Fund Plans Logistics Consolidation Amid Iran Conflict

Saudi Arabia's sovereign wealth fund is contemplating the consolidation of its transport and supply-chain assets to form a logistics giant, as reported by gCaptain. This move aims to attract foreign investment and enhance the kingdom's trade hubs amid the ongoing Iran war.

gCaptain

market May 21, 2026

Full Hormuz Oil Flows Delayed Until 2027, Says UAE's ADNOC

Full oil flows through the Strait of Hormuz are not expected to resume until the first or second quarter of 2027, even if the current Middle East conflict were to end immediately, according to the head of the United Arab Emirates' state oil firm ADNOC, as reported by gCaptain.

gCaptain

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