Stay informed with real-time maritime industry updates
Splash247
Uni-Asia Group, a Singapore-listed bulker specialist, has signed a contract with Nihon Shipyard for a 40,000 dwt handysize unit, marking its first newbuilding order in more than ten years, as reported by Splash247. The vessel is set for delivery in the second half of 2028.
Splash247
SFL Corporation, backed by John Fredriksen, has secured a $170 million contract for its semisubmersible rig, Hercules, as reported by Splash247. The contract, with a large multinational oil and gas company, will see the rig operating offshore Canada for a minimum of 400 days.
gCaptain
Trump administration officials have defended the temporary suspension of certain sanctions on Russian oil, as reported by gCaptain. The decision is expected to lead to a significant rise in oil production.
gCaptain
gCaptain reports that a senior Japanese parliament member announced the government's directive to prepare a national oil reserve storage site for a potential crude release due to the crisis with Iran. This move reflects Tokyo's readiness to stabilize the oil market amidst geopolitical tensions.
gCaptain
Cleanup efforts are in progress in the Gulf of Mexico near Grand Isle, Louisiana, following a crude oil spill associated with the Louisiana Offshore Oil Port (LOOP), as reported by gCaptain. The incident has prompted a significant federal-led response.
gCaptain
The US may consider lifting additional sanctions on Russian oil supplies following a recent decision to allow Indian refiners more access, as reported by gCaptain. Treasury Secretary Scott Bessent indicated this potential policy shift on Thursday.
gCaptain
The United States is urging Sri Lanka not to repatriate the survivors of an Iranian warship that sank recently, as reported by gCaptain. The diplomatic pressure comes amid concerns over the geopolitical implications of the incident.
gCaptain
Another bulk carrier, claiming Chinese ownership, has navigated through the Strait of Hormuz, as reported by gCaptain. This marks the second such vessel to make the transit, highlighting the strategic importance of this narrow waterway.
gCaptain
Kuwait has reduced its crude oil production and refining throughput as a precautionary measure due to ongoing attacks by Iran, as reported by gCaptain. This move comes amid heightened tensions in the region.
gCaptain
India has permitted an Iranian warship to dock as a humanitarian gesture, as stated by Foreign Minister Subrahmanyam Jaishankar, following the U.S.'s sinking of another Iranian navy vessel near Sri Lanka, reports gCaptain. This development highlights ongoing maritime tensions involving Iran and the U.S.
