Stay informed with real-time maritime industry updates
Splash247
Performance Shipping, a Greek tanker owner listed on Nasdaq, has contracted Shanghai Waigaoqiao Shipbuilding for two suezmax vessels, each costing $81.5 million, as reported by Splash247. The 158,000 dwt tankers are scheduled for delivery in October 2028 and May 2029.
Seatrade Maritime
Seatrade Maritime reports that Qatar has stopped LNG production, leaving loaded tankers stationary west of the Strait of Hormuz, raising concerns about a global energy crisis. This halt in exports from the Arabian Gulf could significantly impact energy markets worldwide.
Splash247
Greek offshore contractor Asso.subsea has ordered a second next-generation trenching support vessel (TSV) named Andromeda from China Merchants Heavy Industry’s Shenzhen yard, as reported by Splash247. This vessel will join its sister ship, Avra, which was ordered in September 2025 for delivery at the end of 2027.
Seatrade Maritime
Seatrade Maritime reports that the Islamic Revolution Guard Corps has threatened to halt all oil flow through the Strait of Hormuz by targeting ships and pipelines. This development raises significant concerns for global shipping and energy markets.
gCaptain
The global marine insurance market is retreating from the Persian Gulf due to increasing military tensions involving the United States, Israel, and Iran, reports gCaptain. This development is causing a significant shift in the region's maritime risk profile as reinsurers pull back from offering coverage.
gCaptain
U.S. forces targeted the Shahid Bagheri, Iran's first dedicated drone carrier, shortly after the commencement of Operation Epic Fury on Iran, as reported by the U.S. military. The announcement was made by U.S. Central Command, according to gCaptain.
gCaptain
The fragile recovery of the Red Sea shipping corridor has been disrupted as Yemen's Houthi movement signaled a return to targeting commercial vessels, gCaptain reports. This development casts uncertainty over one of the world's vital maritime routes.
Splash247
Malaysia's MISC has expanded its LNG newbuilding program at Hudong-Zhonghua Shipbuilding to five vessels, as reported by Splash247. The latest order includes two 174,000 cu m LNG carriers, which will be chartered to Petronas under a 20-year contract.
Splash247
LC Logistics, listed in Hong Kong, has placed an order for two 11,000 TEU containerships from China, valued at approximately $236 million, as reported by Splash247. The vessels are set to be constructed by Shanghai Waigaoqiao Shipbuilding in collaboration with China Shipbuilding Trading Company, with deliveries expected by November 2028 and April 2029.
gCaptain
The Strait of Hormuz has become a critical hotspot following missile and drone attacks on five commercial vessels in the Gulf of Oman, as reported by gCaptain. This escalation has led to a significant disruption in maritime traffic and has sent shockwaves through the tanker markets.
