Stay informed with real-time maritime industry updates
gCaptain
European naval forces have confirmed the hijacking of an oil tanker near Qana Port, Yemen, as reported by gCaptain. Armed individuals reportedly boarded the vessel and redirected it toward the Gulf, raising fears of a resurgence in Somali piracy.
gCaptain
A.P. Moller – Maersk reported strong first-quarter 2026 results, with significant volume growth across all segments despite challenges from container freight rate pressures and geopolitical issues, as noted by gCaptain.
Offshore Energy
Excelerate Energy has secured a new assignment for its floating storage regasification unit (FSRU) at an LNG terminal in Jordan, as reported by Offshore Energy. This deployment comes ahead of its upcoming project in Iraq.
Offshore Energy
The American Bureau of Shipping (ABS) has partnered with Seatrium Technology and Innovation to enhance maritime and offshore energy innovation, as reported by Offshore Energy. This collaboration aims to drive advancements in the offshore, marine, and energy engineering sectors.
Splash247
Genco Shipping & Trading has ramped up its defense against Diana Shipping's takeover attempt, urging shareholders to support its current board, as reported by Splash247. The New York-listed dry bulk owner has filed definitive proxy materials with the US Securities and Exchange Commission in response to the escalating battle between the two companies.
Seatrade Maritime
The Ukraine war has initiated a decline in the rules-based global market, impacting the shipping industry, as reported by Seatrade Maritime. The geopolitical landscape, influenced by the assertive America doctrine, is creating an era of extremes that shipping must navigate.
gCaptain
Shipping giant Maersk has surpassed first-quarter profit expectations but cautions that the ongoing Iran conflict has significantly increased its fuel costs by nearly $500 million monthly, as reported by gCaptain. The company warns that the energy crisis is likely to continue even if a peace agreement is reached.
Seatrade Maritime
DP World has launched a new cargo war risk insurance product aimed at addressing insurance gaps for trade in and through the Middle East, as reported by Seatrade Maritime. This end-to-end insurance solution is designed to provide comprehensive coverage for cargo affected by the ongoing conflict in the region.
Splash247
Marine travel specialist ATPI highlights that the ongoing conflict in the Middle East is causing significant disruptions to global airline networks, leading to increased crew change costs and operational challenges for shipowners and managers. As reported by Splash247, airspace instability, flight cancellations, and reduced airline capacity are notably affecting long-haul crew travel patterns.
Splash247
Sinopec Clean Energy has commissioned a 12,000 cu m LNG bunkering vessel from Nantong CIMC Sinopacific Offshore & Engineering, as reported by Splash247. This move aligns with a surge in newbuilding activity in the LNG bunkering sector over the past year.
