Stay informed with real-time maritime industry updates
gCaptain
US Gulf Coast refiners are facing difficulties in processing the increased Venezuelan oil imports following a $2 billion supply deal between Trump and Maduro, as reported by gCaptain. Venezuelan exports have surged to 800,000 barrels per day, but the oil's prices remain less competitive compared to Canadian crude.
Seatrade Maritime
China's shipbuilding industry experienced a significant boost in 2025, with output increasing by over 10%, as reported by Seatrade Maritime. The country delivered more than half of the world's tonnage, maintaining its position at the forefront of the global shipbuilding sector.
gCaptain
Estonia's Tax and Customs Board has detained a container ship flying the Bahamian flag in Estonia's internal waters, suspected of being linked to smuggling activities from Ecuador, as reported by gCaptain.
gCaptain
Shipping companies are preparing for reduced profits in 2026 due to the possible reopening of the Red Sea route, which could impact freight rates and worsen oversupply issues, as reported by gCaptain. This development is expected to intensify existing trade challenges.
Offshore Energy
Floatel International has finalized an agreement for a 13-year-old semi-submersible accommodation and construction support vessel with Brava Energia in Brazil, as reported by Offshore Energy. This assignment marks a significant collaboration in the offshore accommodation sector.
Seatrade Maritime
Wärtsilä is set to invest €140 million to enhance its Sustainable Technology Hub, which includes an engine production site, a training center, and a remote monitoring facility, as reported by Seatrade Maritime. This investment follows the company's announcement of record profits.
Offshore Energy
A seismic source vessel owned by Norway's Sanco Shipping, originally built in 2010, has commenced sea trials following its recent conversion, as reported by Offshore Energy.
Splash247
MOL Chemical Tankers is preparing for a leadership change as CEO Akira Sasa plans to retire at the end of March, according to Splash247. Sasa, who became president and CEO in April 2022, initially joined the Singapore-based company as a director in 2020.
Offshore Energy
Baker Hughes has partnered with Italy's Tecnimont, a subsidiary of Maire, to explore modularized and scalable LNG projects worldwide, as reported by Offshore Energy. This collaboration aims to leverage both companies' expertise in integrated engineering and construction to advance the global LNG scene.
Seatrade Maritime
Hutchison has initiated arbitration proceedings in response to a ruling on Panama ports, which the Hong Kong and Macao Affairs Office (HKMAO) described as 'legally absurd, logically flawed, and utterly ridiculous,' as reported by Seatrade Maritime. The dispute highlights tensions over port management and jurisdiction.
