Trump Weighs Easing Russia Sanctions
U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at curbing spiking global oil prices amid the Iran conflict, according to multiple sources.The deliberations reflect White House worries that the surge in oil prices following more than a week of U.S. and Israeli strikes on Iran will hurt U.S. businesses and consumers ahead of the November midterm electionsā¦
Iran Says Countries that Expel US, Israel Envoys Can Pass Strait of Hormuz
Iran's Revolutionary Guards said any Arab or European country that expels the ambassadors of Israel and the U.S.
US Undiscovered Offshore Reserves Could Maintain Supply for 100 Years
The Bureau of Ocean Energy Management has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the U.S. Outer Continental Shelf (OCS).The National Assessment, published every five years, represents BOEM's current understanding of theā¦
Hong Kong Shipowners Association Supports National Initiatives
The Hong Kong Shipowners Association (HKSOA) welcomes the national plan and the central government work report delivered at the opening session of the National Peopleās Congress, which underlined, once again, the importance of consolidating Hong Kongās status as an international financial, shipping and trade centre.Hong Kongās economic success has its origins in shipping and trade which as promotedā¦
Tsuneishi Acquires GTT Repair License
Tsuneishi Yura Dockyard has completed the prescribed technical training and consequently obtained an Approved Repair Yard license from GTT.GTTās membrane containment systems currently equip approximately 85% of the LNG carrier fleet in operation worldwide.To date, Tsuneishi has focused on repair work for MOSS-type LNG carriers, accumulating a total of 108 completed vessels since the first one in 1982.
Ferry Switch to Bio-LNG Significantly Reduces CO2 Emissions
German ferry operator TT-Line has revealed that its ro-ro passenger vessels, Nils Holgersson and Peter Pan, successfully operated on bio-LNG during 2025, enjoying a signiļ¬cant emissions reduction.The 230-metre vessels were commissioned in 2022 and 2023 respectively and are powered by 2 × 8L51/60DF + 2 × 6L51/60DF engines each. They trade in the Baltic Sea between Germany, Sweden, Poland and Lithuania.TTā¦
CBP Officers Seize 214 Pounds of Cocaine in Puerto Rico
U.S. Customs and Border Protection officers seized approximately 214 pounds (97 kilograms) of cocaine concealed from under a vessel arriving on Feb. 26. The estimated value of the seized cocaine is $1.7 million.CBP officers discovered the narcotics concealed within a parasitic device attached to the hull of the M/V Medstar, which arrived from Rio Haina, Dominican Republic.The seizure occurred during a routine vessel boardingā¦
U.S. Coast Guard Authenticates Keels for Three Waterways Commerce Cutters
The U.S. Coast Guard authenticated the keels for future Coast Guard cutters Allen Thiele, Fred Permenter and Samuel Wilson on Friday in Bayou La Batre, Alabama.The cutters are the first three of 30 future Waterways Commerce Cutters (WCCs) that will replace the Coast Guardās legacy inland tender fleet. The WCC fleet will play a critical role in controlling, securing, and defending Americaās ports and waterways and maintaining the United Statesā 12,000-mile marine transportation system.
Seafarerās 30-Year Jail Term Upheld by Turkish Supreme Court
On March 9, Chief Mate Ali Albokhariās 30-year sentence was upheld by the Supreme Court in Turkey.Albokhari was arrested in 2023 while working on the Panama-flagged Phoenician M after drugs were found in the vesselās cargo holds. No evidence was found that linked any of the crew to the drugs, and all other crew members have long since been released from prison.The news comes as geopolitical threatsā¦
France to Deploy Aircraft Carrier Strike Group
France is deploying about a dozen naval vessels, including its aircraft carrier strike group, to the Mediterranean, Red Sea and potentially the Strait of Hormuz as part of defensive support to allies threatened by the conflict in the Middle East.Speaking in Cyprus before visiting the Charles de Gaulle aircraft carrier, which arrived this weekend in the eastern Mediterranean, President Emmanuel Macronā¦
Pakistan Navy Launches Shipping Security Operation
Pakistan's navy has launched a maritime security operation to protect shipping lanes and energy supplies as regional tensions threaten key sea routes, the military said on Monday.The operation, named Muhafiz-ul-Bahr ā meaning Protector of the Seas ā aims to safeguard "lines of communication" at sea and ensure uninterrupted maritime trade and national energy supplies, the military's media wing said in a statement.
Greek Vessel Laden with Saudi Oil Sails through Hormuz
A Greekāoperated oil tanker has sailed through the Strait of Hormuz, ship tracking data showed on Monday, in a sign that some commercial vessels are still attempting to navigate the vital passage despite the U.S.-Israel war with Iran.The Shenlong Suezmax, with a capacity of 1 million barrels, is carrying Saudi Arabian crude loaded at the port of Ras Tanura and is listing its destination as the Indian port of Mumbaiā¦
1M Barrels of Venezuelan Crude Headed to China
North American Blue Energy, a company backed by U.S. energy magnate Harry Sargeant III, has moved to export nearly 1 million barrels of Venezuelan crude for delivery into China, Bloomberg News reported on Monday, citing a document.The cargo may be the first delivery of Venezuelan oil to the Asian country since the US took control of the nation's oil sales earlier this year, the report said.U.S. Presidentā¦
Navigating the "Third Era" of Maritime Cyber Risk
The global maritime industry has long been the arterial system of the world economy, responsible for over 90% of global trade. For centuries, the primary dangers to a vessel were physical: crushing storms, mechanical failure, or the threat of piracy. However, as we move through 2026, the industry has reached a critical juncture. The rapid digitization of the sectorādriven by the need for logistical optimization and fuel efficiencyāhas fundamentally shifted the threat landscape.
OSV Market: Asia Pacific Downshifts for the Long Haul
2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian Pacific region.Compared to 2024, the composite dayrates, calculated as a weighted average across size categories, declined by approximately 16% for PSVs and 14% for AHTS vessels.
Caspian Sea Jackup Market: Locked-In Supply Shapes Utilization and Dayrates
Unlike larger jackup regions where scale provides greater flexibility, relatively minor changes in supply can have an outsized impact. The availability, reactivation, or retirement of a single rig can materially shift utilisation levels, dayrate negotiations, and contracting dynamics, often with limited visibility.There are currently five jackups drilling in the region, operating across Turkmenistan, Azerbaijan, and Iran.
REINTJES Expands Global Service Strategy
Germany-based gearbox manufacturer REINTJES is expanding its global after-sales capabilities with the establishment of a dedicated spare parts warehouse at its headquarters in Hameln, Germany, a move aimed at strengthening service support for its international customer base.The long-established company, known for supplying high-performance marine and industrial gearboxes, designs and manufactures its products in Hameln before shipping them to shipownersā¦
Windward Daily Brief March 6: 35 Hormuz Crossings in 4 Days, LPG Exports Fall
Windward is publishing daily intelligence reports on the crisis in the Gulf as the situation develops.The highlights of today's report are as follows: Operation Epic Fury triggered immediate disruption across maritime chokepoints in the Gulf.Commercial tanker traffic through the Strait of Hormuz collapsed as strikes, threats, and insurance withdrawal drove operators out of the corridor.At least eight commercial vessels have been struck since the start of the conflict across the Gulfā¦
Nuclear Power for Commercial Vessels Central to ABS, HD Hyundai JDP
ABS, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Samho Heavy Industries (HD HSHI) signed a joint development project (JDP) for the āConceptual Design of a Nuclear-Powered Electric Propulsion System.āUnder the agreement, HD KSOE and HD HSHI will develop the basic design, electrical component specifications and arrangement plans for a nuclear-powered electric propulsion system tailored for container ships.
Towage Giant Delivers Record Results, Eyes Global Expansion
SAAM closed 2025 with record financial performance, underscoring the continued strength of its harbor towage business across the Americas while positioning the company for further international expansion. For a company that has spent the past several years reshaping its business model and sharpening its strategic focus, the results signal both operational momentum and growing scale in the global tug market.The Chile-based maritime services provider reported net income of $80.4 million for 2025ā¦
