Stay informed with real-time maritime industry updates
Seatrade Maritime
Seatrade Maritime reports that an estimated 20,000 seafarers are currently stranded in the Gulf, navigating through the tense waters of the Strait of Hormuz in commercial tankers. The article provides a firsthand account of the challenges faced by these seafarers as they sail through what is effectively a war zone.
Offshore Energy
The Northern Phoenix, the third liquefied carbon dioxide (LCO2) carrier for the Northern Lights project, has been blessed and is now preparing for service, as reported by Offshore Energy.
gCaptain
President Donald Trump has stated that U.S. military forces will remain in the Middle East until a peace agreement with Iran is achieved, warning of a significant escalation in conflict if Iran does not comply, as reported by gCaptain. This announcement comes amid rising oil prices due to supply concerns and restrictions in the Strait of Hormuz.
gCaptain
Russia is attempting to capitalize on the global natural gas shortage by offering discounted LNG shipments to energy-deficient South Asia, as reported by gCaptain. These shipments originate from facilities currently under US sanctions, according to sources familiar with the situation.
gCaptain
Two Chinese oil tankers are positioned near the Strait of Hormuz, with a third en route, poised to be the first to exit the Persian Gulf following a US-Iran ceasefire, as reported by gCaptain. Shipowners are carefully examining the ceasefire terms.
Splash247
Sonangol is enhancing its LNG shipping capabilities by ordering two additional carriers from HD Hyundai Samho, as reported by Splash247. The contract, valued at KRW770.2bn ($511m), involves two 174,000-cbm LNG vessels with delivery expected by September 2029.
Splash247
France is intensifying its crackdown on illicit tanker activities by planning to double penalties for vessels operating without proper flags or non-compliance with authorities, as reported by Splash247. This move is part of a draft update to the country's military planning law aimed at curbing Russia-linked shadow fleet operations.
Offshore Energy
Energean has received approval to restart production from its floating production, storage, and offloading (FPSO) vessel in the Eastern Mediterranean, as reported by Offshore Energy. The vessel is operating at a field off the coast of Israel.
Splash247
HD Hyundai Heavy Industries is revolutionizing shipbuilding by constructing ships in two separate halves across different shipyards, a first for South Korea's industry. This innovative approach aims to manage the company's growing orderbook, as reported by Splash247.
Splash247
By the end of Q1 2026, the global shipping orderbook reached 191 million compensated gross tonnes, marking a 17-year high and representing 17% of the global fleet, as reported by Splash247. This surge has been driven by increased newbuilding contracting throughout the 2020s, according to BIMCO data.
