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accidents March 5, 2026

Explosion Disrupts Russian LNG Shadow Fleet in Mediterranean

An explosion in the Mediterranean has sunk the 'Arctic Metagaz', a vessel part of Russia's sanctioned Arctic LNG 2 export network, causing other tankers to halt or reroute, as reported by gCaptain. This incident raises concerns about the security of a crucial shipping corridor.

Arctic Metagaz (LNG tanker)

gCaptain

operations March 5, 2026

France, Italy, Greece Collaborate on Red Sea Shipping Security

France has engaged Italy and Greece to coordinate efforts in the Eastern Mediterranean amid rising tensions over the war in Iran, as reported by gCaptain. This cooperation aims to ensure the safe transit of shipping through the Red Sea.

gCaptain

accidents March 5, 2026

US Torpedo Sinks Iranian Warship in Historic Indian Ocean Incident

An Iranian warship was sunk by a U.S. torpedo in the Indian Ocean, marking the first such incident since World War Two, as reported by gCaptain. The warship had recently participated in a drill in India.

gCaptain

Splash247

regulations March 5, 2026

GMS Urges EU to Include Indian Yards in Ship Recycling List

Splash247 reports that GMS, the leading cash buyer of ships for recycling, is urging the European Commission to recognize Indian ship recycling yards by adding them to the European List under the EU Ship Recycling Regulation. Currently, over 110 Indian yards have Hong Kong Convention Statements of Compliance from IACS member classifications.

Splash247

Seatrade Maritime

operations March 5, 2026

20,000 Seafarers Stranded in Gulf, Reports IMO Secretary-General

Seatrade Maritime reports that approximately 20,000 seafarers are currently stranded in the Gulf region, as highlighted by IMO Secretary-General Arsenio Dominguez and ICS Chairman Emanuele Grimaldi. The situation underscores the ongoing challenges faced by crew members in the area.

Seatrade Maritime

Splash247

fleet March 5, 2026

Costamare Expands Containership Orderbook with Four New Vessels

Costamare, a Greek containership tonnage provider, has expanded its newbuilding program by ordering four additional 3,100 teu vessels from a Chinese yard, as reported by Splash247. The New York-listed company, led by Konstantinos Konstantakopoulos, plans to have these ships delivered by the fourth quarter of 2027.

Splash247

Offshore Energy

technology March 5, 2026

Oceaneering Unveils 30-Day Continuous Electric ROV

Oceaneering has introduced a new electric-propulsion remotely operated vehicle (ROV) capable of continuous 30-day subsea operations, as reported by Offshore Energy. This advancement marks a significant development in subsea engineering technology.

Offshore Energy

Splash247

fleet March 5, 2026

Great Eastern Expands Fleet with New Kamsarmax Acquisition

The Great Eastern Shipping of India is advancing its fleet renewal strategy by acquiring a 2014-built Japanese kamsarmax, as reported by Splash247. The Mumbai-listed company is enhancing its portfolio with this secondhand bulker, although specific details of the deal remain undisclosed.

Splash247

Offshore Energy

operations March 5, 2026

MOPU and FSO Units Connected at Benin Oil Field

Offshore Energy reports that Akrake Petroleum, a subsidiary of Lime Petroleum Holding, has successfully linked a mobile offshore production unit (MOPU) and a floating storage and offloading (FSO) asset at an oil field off the coast of Benin. This development marks a significant milestone in the revival of the African oil field.

Offshore Energy

Splash247

fleet March 5, 2026

Estonian Firm Amisco Orders Two New MPP Vessels in China

Estonian company Amisco is set to expand its fleet with an order for two multipurpose dry cargo vessels from Jiangsu Dajin Heavy Industry in China, as reported by Splash247. The Tallinn-based owner plans to take delivery of the 5,900 dwt ships in the first and second quarters of 2027.

Splash247