Stay informed with real-time maritime industry updates
gCaptain
The U.S. trade deficit expanded in February due to a surge in imports that offset record-high exports, as reported by gCaptain. This development could potentially impact economic growth negatively in the first quarter.
Seatrade Maritime
Iran has agreed to provide safe passage for Philippine ships and seafarers through the Strait of Hormuz, as reported by Seatrade Maritime. This development was announced by Foreign Affairs Secretary Lazaro, ensuring unhindered navigation in the strategic waterway.
Offshore Energy
A floating production, storage, and offloading (FPSO) unit has arrived at Modern American Recycling Services in Denmark for recycling, as reported by Offshore Energy. This marks the end of the 27-year-old vessel's service.
Offshore Energy
Borr Drilling has secured new drilling assignments for its premium jack-up rigs across four continents, including Africa, Asia, Europe, and the Americas, as reported by Offshore Energy. The Bermuda-based company continues to expand its global operations with these new contracts.
Splash247
Scorpio Tankers is venturing into nuclear-powered shipping through a strategic partnership with US-based Ampera, as reported by Splash247. The collaboration involves a $10 million investment to develop micronuclear energy systems aimed at achieving zero-carbon power solutions for ships, offshore assets, and port infrastructure.
gCaptain
The Arctic Metagaz, a liquefied natural gas carrier, is adrift in the Mediterranean after a failed towing operation due to severe weather, as reported by Libya’s Ports and Maritime Transport Authority. The incident occurred near the Malta SAR Zone at approximately 0400 local time on April 2, according to gCaptain.
Splash247
Transocean has bolstered its backlog by approximately $1 billion after securing a new contract in Norway and extending agreements for two drillships in Brazil, as reported by Splash247. The Transocean Barents, a harsh environment semisubmersible, has been contracted by Vår Energi for a 1,095-day deal at a dayrate of $450,000.
gCaptain
President Donald Trump's address on the Iran conflict highlighted his defensive stance amid rising tensions affecting global shipping routes and gas prices, as reported by gCaptain. The speech comes five weeks into the conflict, with political and market implications mounting.
Offshore Energy
Offshore Energy reports on the testing of radar-based systems for predicting wave and vessel motion in real offshore conditions. This technology aims to enhance safety and efficiency in maritime operations by providing accurate sea state measurements.
gCaptain
Britain is set to host discussions with 35 countries to form a coalition focused on reopening the Strait of Hormuz, as reported by gCaptain. This initiative follows U.S. President Donald Trump's remarks that securing the strategic waterway should be a collective responsibility of other nations.
