Stay informed with real-time maritime industry updates
gCaptain
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.
Seatrade Maritime
Seatrade Maritime reports that conflict in the Middle East has left 20,000 seafarers stranded in the Gulf, highlighting significant concerns over crew welfare. The situation underscores the ongoing challenges faced by maritime workers in conflict zones.
Offshore Energy
Offshore Energy reports that an ammonia-fueled two-stroke engine has successfully passed its second factory acceptance test (FAT), marking a significant milestone in maritime technology development. This achievement follows what was previously described as the world's first type approval and factory acceptance test for such an engine.
Offshore Energy
DeepOcean has been contracted to assist with the subsea decommissioning and disconnection of an unnamed FPSO vessel in the UK sector of the North Sea, as reported by Offshore Energy. This project highlights DeepOcean's capabilities in handling complex offshore decommissioning tasks.
Splash247
The US Department of Justice has indicted four major shipping container manufacturers and seven executives for alleged antitrust violations, highlighting China's dominance in the container manufacturing sector, as reported by Splash247. This development has drawn significant attention in Washington DC, where the issue has been a topic of political discussion.
Seatrade Maritime
Seatrade Maritime reports that the Simandou iron ore complex in Guinea is driving a surge in rates for large bulk carriers. This increase in output is highlighted by research from broker Ifchor Galbraiths.
Seatrade Maritime
Yangzijiang Shipbuilding has secured over $1 billion in new orders, as reported by Seatrade Maritime. The Chinese shipbuilder aims for an order win target of $4.5 billion and plans to deliver 58 vessels by 2026.
Splash247
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping is reducing its workforce as it adapts to the evolving energy transition in the maritime industry, according to Splash247. The Copenhagen-based non-profit confirmed the job cuts in a letter from its chief executive, Bo Cerup-Simonsen.
Splash247
Three VLCCs have transited the Strait of Hormuz, marking the first coordinated passage in nearly 12 weeks, as reported by Splash247. Maritime intelligence firm Windward views this as a significant indicator of a potential resumption of guided passages through the vital oil chokepoint.
Splash247
Indonesia plans to centralize all exports of coal, palm oil, and ferroalloys through a government-appointed state enterprise, as reported by Splash247. President Prabowo Subianto announced the policy to parliament, citing significant revenue losses from under-invoicing and transfer pricing by exporters.
