Maritime News - VesselAPI

market February 21, 2026

Tanker Heads to Cuba, Challenging Trump-Era Sanctions

A tanker reportedly carrying Russian fuels is en route to Cuba, testing the sanctions imposed by former US President Donald Trump, as reported by gCaptain. The development raises questions about the effectiveness of the blockade amid ongoing geopolitical tensions.

Cuba (CU)

gCaptain

market February 20, 2026

Supreme Court Overturns Trump Tariffs, Impacting Supply Chains

The U.S. Supreme Court has invalidated tariffs imposed by former President Donald Trump under the International Emergency Economic Powers Act, as reported by gCaptain. The 6-3 decision is expected to cause significant disruptions in global supply chains.

gCaptain

market February 20, 2026

Oil Tanker Rates Surge Amid Iran Tensions

Oil supertanker rates are poised to reach their highest levels this decade due to the escalating risk of a US attack on Iran, as reported by gCaptain. The concentration of vessel ownership is also contributing to the rising costs.

gCaptain

market February 20, 2026

China Acquires Russian Oil Cargoes Shunned by India

Chinese refiners are purchasing Russian oil cargoes that have been avoided by India, assisting Moscow in mitigating a decline in purchases from its largest seaborne buyer, as reported by gCaptain.

gCaptain

fleet February 20, 2026

Canada and South Korea Collaborate on Great Lakes Shipbuilding Revival

A significant partnership between South Korea’s Hanwha Ocean and Ontario Shipyards aims to revitalize shipbuilding in Canada’s Great Lakes, as reported by gCaptain. This collaboration also focuses on developing a skilled workforce for future submarine construction.

gCaptain

regulations February 20, 2026

India Extends Coverage for Russian Marine Insurers by One Month

India has granted a one-month extension to four Russian marine insurers, allowing them to cover tankers calling at Indian ports, as reported by gCaptain. This move aims to maintain crude imports amidst U.S. pressure to cease shipments from Moscow.

gCaptain

Offshore Energy

fleet February 20, 2026

Transocean Secures $610M in Rig Deals, Boosting Backlog to $6.1B

Transocean, a Switzerland-based offshore drilling contractor, has secured multimillion-dollar assignments and extensions for seven mobile offshore drilling units, bringing its backlog to $6.1 billion, as reported by Offshore Energy.

Offshore Energy

fleet February 20, 2026

Valaris Secures $900M in New Rig Assignments, Boosting Backlog

Valaris, an offshore drilling contractor incorporated in Bermuda, has secured new drillship and jack-up rig assignments worth $900 million across various regions, including Africa, Asia-Pacific, Europe, and the Americas, as reported by Offshore Energy. This development increases Valaris' backlog to $4.7 billion.

Offshore Energy

operations February 20, 2026

Tekmar Secures €4.7M Contract for Cable Protection

Tekmar Group, based in the UK, has secured a contract valued at over £4 million (approximately €4.68 million) for cable protection, as reported by Offshore Energy. The agreement highlights Tekmar's ongoing collaboration with a long-standing customer.

Offshore Energy

fleet February 20, 2026

DOF Group Expands Fleet with New AHTS Acquisitions

DOF Group, a Norwegian vessel owner, is expanding its fleet by acquiring two anchor handling tug supply (AHTS) vessels while also planning to offload one AHTS ship, as reported by Offshore Energy. This move signifies DOF's strategy to enhance its operational capabilities.

Offshore Energy

Latest Maritime News