Stay informed with real-time maritime industry updates
Offshore Energy
Sabah Shell Petroleum Company has contracted Velesto Workover, a subsidiary of Velesto Energy, to support its deepwater operations off the coast of Sabah, as reported by Offshore Energy. This collaboration highlights Shell's ongoing activities in the Malaysian region.
Seatrade Maritime
Seatrade Maritime reports that European shipowner UECC has ordered two multi-fuel battery hybrid PCTCs from China Merchants Jinling Shipyard. This development marks a significant step in UECC's commitment to sustainable shipping solutions.
Offshore Energy
Danish company NKT has secured its largest single project award to date, a €2.2 billion contract for a UK subsea link, as reported by Offshore Energy. This significant deal highlights NKT's growing influence in the power cable manufacturing and installation sector.
Splash247
VLCC and suezmax rates have soared to unprecedented levels due to a decline in tanker availability following an attack on Iran by the US and Israel, as reported by Splash247. Tankers International noted that Greek owner Minerva Marine's VLCC, Pantanassa, was fixed on subs to South Korea's GS Caltex at a record $436,000 a day.
Seatrade Maritime
The Strait of Hormuz, a vital energy chokepoint, is facing a crisis that could severely impact trade between Asia and the Gulf, as reported by Seatrade Maritime. The potential closure of this route is causing significant concern for Asian economies reliant on Gulf energy supplies.
Splash247
A Russian-controlled LNG carrier, Arctic Metagaz, was reportedly set on fire in the central Mediterranean in a suspected kamikaze drone strike while en route to the Suez Canal, as reported by Splash247. Although the exact cause remains unconfirmed, videos online show the vessel ablaze.
Seatrade Maritime
Seatrade Maritime reports that MSC, the world's largest shipping line, has ceased all shipments to the Arabian Gulf, declaring 'end of voyage' and discharging containers at the next port of call. Customers are being charged for the costs associated with these deviations.
Splash247
Splash247 reports that HMM's onshore union is threatening legal action and a potential general strike in response to plans to relocate the company's headquarters from Seoul to Busan. The move, backed by major shareholders and the government, could lead to widespread industrial action as preparations for board and shareholder votes accelerate.
Splash247
Hengli Heavy Industry has become a leading Chinese shipyard by order volume, as reported by Splash247. The northeastern yard, revitalized by Chen Jianhua in 2022, has been securing orders at an unprecedented rate, with a new order every three days throughout 2025.
Splash247
The ongoing conflict in the Middle East poses significant risks to global maritime trade, particularly in the Red Sea and Gulf of Aden regions, as reported by Splash247. Punit Oza provides guidance for shipping companies on maintaining welfare and security for ships and seafarers during this crisis.
