US Navy Says Escorts Not Possible but Destroys Mine-Layers
The U.S. Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since the start of the war on Iran, saying the risk of attacks is too high for now, according to sources familiar with the matter.The Navy's assessments spell continued disruption to Middle East oil exports and reflect a divergence from President Donald Trumpās statements that the U.S.
Drone Strike Sparks Fire at ADNOCās Ruwais Industrial Complex
Abu Dhabi state oil giant ADNOC has shut its Ruwais refinery, a source said on Tuesday, after a fire broke out at a facility within the complex following a drone strike, the latest disruption to energy infrastructure due to the U.S.-Israeli war on Iran.Abu Dhabi authorities were responding to a fire at the facility following a drone attack, the emirate's government media office said on Tuesday, adding there were no injuries.
Jan De Nul Selects Ulstein Design for New Trenching Vessel
Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the companyās offshore fleet.The vessel, scheduled for delivery in 2028, will be based on a proven subsea vessel platform adapted to support large-scale trenching operations.Subsea trenching involves creating protective channels on the seabed to bury pipelines, powerā¦
'Quality' Coal Rallies as LNG Spikes
The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than doubled last week as the market digested the loss of nearly 20% of the global supply of the super-chilled fuel after the U.S. and Israeli strikes on Iran effectively closed the Strait of Hormuzā¦
ABB inks Deal for Orange Marine Cable Repair Newbuilds
ABB has won a contract to deliver a fully integrated electrical power, propulsion and automation system for two hybrid-electric cable repair vessels being built for French shipowner Orange Marine at Colombo Dockyard PLC in Sri Lanka.The vessels, scheduled for delivery in 2028 and 2029, will support submarine cable maintenance operations across the Atlantic and Indian oceans as well as the Mediterranean, Black and Red seas.
SYNAPSIS integrates AEGIS Combat System
New software module enables seamless, low risk integration between navigation and combat systems Anschütz introduced a major enhancement to its SYNAPSIS integrated navigation platform. A newly developed, defined data interface now connects SYNAPSIS to the Gigabit Ethernet Data Multiplex System (GEDMS), the navigation information distribution network used aboard vessels equipped with the AEGIS Combat System.
N-Sea Expands Fleet with Offshore Support Vessel Newbuild
N-Sea Group has entered into a long-term charter agreement with Rederij Groen for the newbuild offshore support vessel Dominus, which is being constructed by PASSER at Shipyard De Hoop in Tolkamer, the Netherlands.Construction of the vessel is underway following a keel-laying ceremony held in the final week of February. Delivery of the vessel is scheduled for April 2027.The vessel will measure about 69.85 meters in length with a beam of 15.77 meters and a draught of 4.5 meters.
Oil Drops 7% After Trump Predicts War Could End Soon
Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies.Brent futures LCOc1 fell $6.79, or 6.9%, to $92.17 a barrel at 0840 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was down $6.55, or 6.9%, to $88.22 a barrel.
Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade
Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery, where normally roughly 20% of the world's oil would pass through daily. Iran's Revolutionary Guards said on Tuesday they would not allow "one litre of oil" to be shipped from the Middle East if U.S.
Trump Threatens to Escalate Iran War, But Says It Could End Soon
U.S. President Donald Trump on Monday threatened to escalate the war with Iran if it blocked oil shipments from the Middle East, even as he predicted a quick end to the conflict.Trump's warning came at the end of a day that saw global financial markets seesawing on concerns that Iran's security establishment was rallying behind new Supreme Leader Mojtaba Khamenei and was not prepared to back down anyā¦
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¦
