Latest maritime market updates and reports
Seatrade Maritime
Seatrade Maritime reviews key maritime stories from May 2026, highlighting issues like price fixing and a stalemate in the Strait of Hormuz. The podcast episode provides insights into the month's significant developments in the shipping industry.
Offshore Energy
A liquefied natural gas (LNG) project on Canada's northwest coast has secured its first agreement with a European buyer, as reported by Offshore Energy. This project aims to export lower-carbon LNG primarily to Asian markets.
gCaptain
Diana Shipping Inc. has increased its all-cash offer for Genco Shipping & Trading Limited to $24.80 per share, as reported by gCaptain. This move intensifies the ongoing takeover battle and adds pressure on Genco's board.
gCaptain
TotalEnergies decided to purchase significant quantities of Middle East crude oil in March following observations of increased U.S. Navy activity in the Gulf region in February, as reported by Le Figaro and highlighted by gCaptain. The French oil company's CEO discussed these strategic trades in an interview with the French newspaper.
Seatrade Maritime
Posidonia 2026 is poised to welcome over 40,000 maritime industry professionals to Athens starting June 1, as reported by Seatrade Maritime. The event is anticipated to be the largest and most awaited edition in its history.
Offshore Energy
Technip Energies has been authorized to proceed with its role in a liquefied natural gas export project in Louisiana, as reported by Offshore Energy. The project is part of a $13 billion development in the United States.
SS Teo, executive chairman and director at Pacific International Lines (PIL), is taking a leave of absence as he prepares to contest a case with the US Justice Department, as reported by Splash247. The Singapore-based shipping leader's decision comes nearly 60 years after his family founded the containerline.
gCaptain
For the first time, a shipment of oil from the U.S. Strategic Petroleum Reserve is en route to California, as reported by ship tracking service Kpler. This development comes amid disruptions caused by the Iran war, according to gCaptain.
gCaptain
Dallas Federal Reserve President Lorie Logan indicated that global energy consumption might need to be reduced if the Strait of Hormuz remains closed due to the ongoing U.S.-Israeli conflict with Iran, as reported by gCaptain. The closure of this critical passage could significantly impact oil and gas supplies worldwide.
Seatrade Maritime
Diana Shipping has increased its all-cash offer for Genco Shipping & Trading to $24.80 per share, following months of defending its previous offer of $23.50, as reported by Seatrade Maritime.
