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Tuesday, 22 September 2026

Maritime Briefing of 22 September 2026

VLCC freight at $26 a barrel, a cyber claim on an LNG carrier, and MSC circling Meyer Werft

8 stories5 sections6 min readVessel Hunter newsroom
01

Tankers and the freight shock

3 stories
A laden crude tanker under way at sea

Freight is now a quarter of the barrel

The Middle East Gulf to China VLCC benchmark reached $1.2125m a day on 17 September, ten times its level before February, and moving a US Gulf cargo to Asia costs roughly $26 a barrel. Vortexa data already shows Americas-Asia crude flows turning down, and Suezmax earnings have passed $300,000 a day as refiners split cargoes to avoid the largest ships.
VLCC Freight Adds $26 a Barrel and Starts to Shrink US Gulf-Asia CrudeFull story · Industry
02

Casualties and security

6 stories
Aerial view of an LNG import terminal and storage tanks

Cargo safety systems, not the bridge

The crew of the gas carrier VIVIT AFRICA LNG, IMO 9950105, say attackers took temporary control of steam pressure and safety valve systems during the Gibraltar transit and later disrupted the boil-off gas cycle. The ship left the Adriatic without discharging. Italy's coastguard describes a malfunction in cargo monitoring systems and says the cause could not be determined.
Crew of LNG Carrier Vivit Africa Report Cyberattack on Cargo Safety SystemsFull story · Incident

Aground inside Queensland port limits

The Liberia-flagged bulker CAPE FALCON, IMO 9916202, ran aground outside the marked channel on passage from Hay Point towards the Gladstone anchorage, with no pilot aboard, and has been detained by the Australian Maritime Safety Authority. No pollution has been reported, and a salvage operation is expected.

Somalia's navy reports a rescue

The 1998-built, 8,556 dwt freighter JACUAR, IMO 9181821, flagged in Saint Kitts and Nevis, grounded and took on water while carrying 7,007 tonnes of cargo from Mozambique to Egypt. Its 18 crew, from India, Syria and Egypt, were reported rescued on 18 September. The ship has a long record of port state deficiencies, including detentions in Jordan in September 2024 and April 2025.

Rammed off Palawan

The Philippine Coast Guard says a China Coast Guard vessel cut across and then struck the BRP Datu Magat Salamat, a Bureau of Fisheries and Aquatic Resources ship supplying fuel to fishermen, causing severe damage to one side. No injuries were reported. China placed responsibility with the Philippine side.

One dead near the Golden Gate

A 22-foot recreational vessel struck rocks between Needle Rock and Lime Point Lighthouse on 17 September. Three people were recovered in critical condition and one later died in hospital.
03

Shipbuilding and orders

4 stories

Yangzijiang Maritime adds 24 ships

The Singapore investor has ordered six 64,500 dwt bulkers, six 49,800 dwt product and chemical tankers, eight stainless steel chemical tankers and four 319,000 dwt crude tankers, with options on another 16, lifting its portfolio to 98 vessels including options. Twelve of the 75 firm newbuildings have already been resold.

A second Korean research icebreaker

Hanwha Ocean has cut steel on a vessel for the Ministry of Oceans and Fisheries, due in service in 2030, with more than twice the tonnage of Araon, Polar Class 3, dual-fuel LNG and MGO propulsion and the ability to break 1.5-metre ice continuously at 3 knots.
04

Ports, terminals and offshore

8 stories

Three Vietnamese clusters hold their top-100 places

Ho Chi Minh City ranked 22nd on more than 8.9m TEU, up about 14.5 percent, Hai Phong climbed three places to 26th on over 8.2m TEU, and Cai Mep ranked 31st, the sixth consecutive year all three have appeared.

Montevideo strikes into a national stoppage

Terminal Cuenca del Plata was hit by a 24-hour strike from 23:00 on 18 September, less than a day after operations resumed, ahead of a nationwide port stoppage called from 07:00 on 21 September to 07:00 on 22 September over a new collective agreement and minimum-service rules.

A 134.2 km canal into the Beibu Gulf

China has opened the Pinglu Canal, cutting more than 560 km from some inland journeys and expected to reduce logistics costs by 18 to 30 percent. Thirty cargo ships used it on the first day. Intra-Asia deployed capacity now exceeds 2.6m TEU, up 6.2 percent year on year.

$190m for a Turkish fertiliser port

Alport has signed a 35-year operating rights transfer for GÜBRETAŞ's port at İskenderun, committing about $190m to rehabilitation and expansion, with the owner retaining the asset and expecting about $350m of revenue over the contract.

Payra remains a coal berth

Bangladesh has spent Tk 15,691 crore over 13 years on the port, but only 29 of the 2,962 vessels that called in 2025-26 were foreign, and the Rabnabad Channel falls to 5 to 6 metres in the monsoon against a 10.5-metre design draught. A fresh Tk 4,600 crore dredging proposal is with the Planning Commission.

Revolution Wind installs its last turbine

The 704 MW Rhode Island Sound project, a 50-50 partnership between Orsted and Skyborn Renewables, completed its 65th turbine and expects to finish commissioning by the end of the year after two stop-work orders and two injunctions.

A record subsea order in Korea

LS Marine Solution won a KRW 156.9bn contract from Hanwha Ocean to transport and install cables for the 390 MW Shinan Ui offshore wind project, equal to 64.2 percent of its 2025 consolidated revenue.
05

Around the industry

5 stories

Rhine water pushes boxes onto rail

Hapag-Lloyd started a weekly Germersheim to Rotterdam rail service on 18 September, running to 31 December with 88 TEU of capacity each way, as an alternative to its barge network.

HMM commits $6.32bn beyond boxes

The carrier plans 1.47m TEU across 166 containerships and 13.52m dwt across 110 bulkers by 2030, alongside 14 VLCCs with six on order, LNG tonnage on long-term charter, a return to car carriers and investment in offshore wind installation vessels.

Insurers watch the reroutes

Opening the IUMI conference in Rotterdam, president Frédéric Denèfle said hull and cargo premium income is growing while offshore energy remains subdued, and that insurers must be prepared to cover the trades and routes now emerging to avoid areas of tension.

Indonesia commissions a carrier

The former Italian Navy ship Giuseppe Garibaldi arrived at Tanjung Priok and is due to be commissioned as KRI Sriwijaya on 24 September, initially for humanitarian and disaster response work, making Indonesia the second Southeast Asian operator of a carrier after Thailand.

The Batavia goes into dock 4

The 56.6-metre reconstruction of the 1628 East Indiaman was towed from Lelystad to Damen Shiprepair Amsterdam on 19 September to be lowered onto an 87.2-tonne steel cradle, the first step in moving her permanently ashore on 2 October.

Every story in this edition

8
  1. 01VLCC Freight Adds $26 a Barrel and Starts to Shrink US Gulf-Asia Crude
  2. 02Trafigura Carves Out 14-Ship VLCC Arm With $500m Placement and Oslo Listing
  3. 03Pantheon Sells 2011-Built VLCC Sea Leopard for $135m, Above Newbuild Price
  4. 04Crew of LNG Carrier Vivit Africa Report Cyberattack on Cargo Safety Systems
  5. 05Laden Capesize Merchant Mariner Takes Water in Three Ballast Tanks Off Dung Quat
  6. 06MSC Explores Buying Germany's Controlling Stake in Shipbuilder Meyer Werft
  7. 07Vale Charters Eight Tri-Fuel Newcastlemaxes From HMM in $3.5bn, 25-Year Deal
  8. 08Chattogram Port Unions Call Two Protests Over DP World Terminal Concession
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Maritime Briefing of 22 September 2026 | Vessel Hunter