Latest Maritime News

gCaptain

operations February 25, 2026

Iran Accelerates Oil Exports Amid U.S. Military Buildup

Iran has significantly increased its oil exports, loading 20.1 million barrels onto tankers from Kharg Island in just six days, as reported by gCaptain. This surge comes as the U.S. deploys its largest military force in the Middle East since 2003, with satellite data indicating a doubling of tanker traffic and rapidly emptying storage tanks.

Kharg Island (IR)

gCaptain

Splash247

fleet February 25, 2026

Eldorado Drilling Acquires Deep Value Driller for $300M

Eldorado Drilling has successfully acquired the drillship Deep Value Driller from Norwegian owner Deep Value Driller for $300 million, as reported by Splash247. This deal comes after Eldorado's last-minute higher bid surpassed a previous agreement with Italy's Saipem, which was set at approximately $272.5 million.

Deep Value Driller (drillship)

Splash247

Splash247

fleet February 25, 2026

Eidesvik Offshore Secures Extension for Viking Prince from Aker BP

Eidesvik Offshore has obtained a contract extension from Aker BP for the platform supply vessel Viking Prince, as reported by Splash247. The 2012-built vessel will continue its service until the end of April, following an extension initially agreed upon last November.

Viking Prince (platform supply vessel)

Splash247

gCaptain

market February 25, 2026

Bahri Charters Supertankers Amid Soaring Rates

Saudi Arabia's National Shipping Co. (Bahri) has provisionally chartered at least five supertankers as freight rates near $200,000 per day, marking the highest levels since 2020, gCaptain reports. This move indicates an increase in Saudi crude exports to Asia amidst geopolitical tensions in the Strait of Hormuz.

gCaptain

gCaptain

operations February 25, 2026

APM Terminals Begins Operations at Panama's Port of Balboa

APM Terminals has initiated temporary operations at the Port of Balboa in Panama, as reported by gCaptain. This 18-month stabilization phase aims to restore container movements while ensuring operational continuity.

Port of Balboa (PA)

gCaptain

Seatrade Maritime

technology February 25, 2026

Vale and Everllence Collaborate on Ethanol-Powered Marine Engine

Vale and Everllence are partnering to develop an ethanol-powered engine, with expectations that this marine fuel will gain traction in Brazil and China, as reported by Seatrade Maritime.

Seatrade Maritime

gCaptain

regulations February 25, 2026

U.S. Treasury Targets Iran's Shadow Fleet with Sanctions

The U.S. Department of the Treasury has sanctioned over 30 entities, individuals, and vessels in an effort to dismantle Iran's shadow fleet, as reported by gCaptain. This move is part of an ongoing economic pressure campaign against Iran.

gCaptain

gCaptain

technology February 25, 2026

Vega Reederei Adopts Inmarsat's Bonded Connectivity for Eco Fleet

Vega Reederei's new eco-friendly cargo vessels will be equipped with Inmarsat Maritime's bonded connectivity solution, providing always-on connectivity and enhanced cyber-security, as reported by gCaptain. The installation aims to meet the growing demands for unlimited data on modern vessels.

gCaptain

Seatrade Maritime

market February 25, 2026

Zim's Premium Price Explained by Long-term Charters

Seatrade Maritime reports that long-term charters may be a factor in the premium price Hapag-Lloyd is paying for the Israeli carrier, Zim. Alphaliner offers insights into the industry's debate over whether the price is justified.

Seatrade Maritime

gCaptain

operations February 25, 2026

Containership Owners Enhance Operations Amid Market Shifts

Containership owners are adapting to market changes by maximizing cargo capacity for more flexible operations, as reported by gCaptain. Christoph Rasewsky of ABS Europe discusses the strategies being employed in the evolving containership sector.

gCaptain