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Daily maritime briefing

Tuesday, 29 September 2026

Maritime Briefing of 29 September 2026

Argos Georgia report, shadow fleet flees to the Russian flag, Global Car Carriers orders to 20 and Dunkirk picks TiL

8 stories6 sections5 min readVessel Hunter newsroom
01

Security and sanctions

5 stories

Eight US Marines were injured in an Iranian cruise missile strike on a ship in the Strait of Hormuz

The strike on 14 September hit a vessel that US officials would not name, other than to say it was not a US Navy ship; the Marines suffered smoke inhalation and possible concussion and have returned to duty. More than 10 million barrels a day of crude are now moving through the strait.

The cost of insuring a tanker loading at Yanbu has tripled

Quoted war risk premiums for Saudi-linked tankers calling at Yanbu have risen to about 3% of hull value from under 1% in early July, and to as much as 7% for ports further south such as Jizan, against 6% to 9% for Hormuz transits. Tankers with no Saudi connection pay 0.2% to 0.3% in the Red Sea.

The Philippines and China squared off again at Second Thomas Shoal

A resupply mission to BRP Sierra Madre by BRP Malabrigo and BRP Cabra on 24 September was suspended after a China Coast Guard vessel manoeuvred dangerously against the supply boat Lapu Lapu; nobody was hurt.

Pakistan's first Hangor-class submarine fired its first anti-ship missile

PNS/M Hangor hit a target in the North Arabian Sea on 27 September; the missile, its range and whether it was launched submerged were not disclosed. She is the first of eight boats, four built in China and four in Pakistan.
02

Casualties

4 stories

Blue Carrier 2 was still burning three days after her crew abandoned her

The Greek RoRo is off Tinos, where five tugs and other vessels are cooling her and keeping her stable.

The death toll from the Virgo Transport 8 sinking has risen to 64

Of 243 people aboard the Indonesian ferry, 108 survived and 71 are still missing; the search in the Java Sea has been extended by seven days.

At least 41 people died when a boat capsized on Lake Tanganyika

The vessel, carrying about 100 people and cargo from Kigoma in Tanzania to Kalemie in the Democratic Republic of Congo, capsized off Mapera village; 49 were rescued.
03

Fleet, yards and orders

8 stories

RCL named three 4,488 TEU newbuildings in Guangzhou

Anitta Bhum, Benyapar Bhum and Chantisa Bhum are the first of eight ships for Regional Container Lines at CSSC Huangpu Wenchong and join its Far East services in October and November.

Cochin Shipyard is buying 23% of Conoship

The Indian yard pays €2.3m for the stake in the Groningen ship design firm, its first equity participation in a foreign design house, to push into European short-sea and coastal shipping.

HD Hyundai is scouting a shipyard site in India

A team inspected land at Thoothukudi in Tamil Nadu for a yard with 2.5 million gt a year of capacity and about 15,000 direct jobs; Samsung Heavy Industries is working with Swan Shipyard instead.

Fincantieri and Leonardo won €3.7bn for Italy's DDX destroyers

The package placed through their joint venture Orizzonte Sistemi Navali includes about €1.3bn of options; the first 13,500-tonne ship is due in 2033.

Amer Shipping ordered two more CDS 110 dry cargo vessels from Concordia Damen

The inland hulls, due in the fourth quarter of 2027 and the second quarter of 2028, take the series to six; the first, AM Lianova, will sail for Stream Shipping, Amer's joint venture with the German cooperative MSG, with skippers Bram and Lilian Timmer as co-owners.
04

Offshore and energy

3 stories

TotalEnergies, SOCAR and XRG took the final investment decision on Absheron

The Caspian gas and condensate field, 100 km southeast of Baku, holds about 140bn cubic metres of recoverable gas.

Eni won the Sapukala deepwater block in Indonesia's Kutei basin

The 100% interest covers water depths of 1,000 to 2,500 metres next to the North Hub developments run by Searah, its joint venture with Petronas.
05

Ports and markets

7 stories

The ClarkSea Index set a third consecutive record

Cross-sector earnings reached $66,421 a day, up 3% in a week and more than 50% since the end of August, nearly three times the long-term average.

Asian container port congestion could take ten months to clear

About 8.5% of the global containership fleet, roughly 3m TEU, is absorbed by delays.

Panama's National Assembly approved a $5.555bn budget for the Panama Canal

Direct contributions to the Treasury in fiscal 2027 are projected at $3.608bn, up 12.9%; the budget funds the Rio Indio reservoir, an energy corridor, port terminals and a logistics corridor.

Port of London cargo rose 8.5% in the second quarter

Throughput reached 14.2m tonnes on higher aggregates and oil volumes, after 13m tonnes in the first quarter.

Caribbean Basin crude and heavy product exports are up 45% this year

BIMCO puts the gain at 234 million barrels year to date, led by Venezuela and Guyana; Suezmaxes have taken 48% of the extra barrels.

The Rhine fell to its lowest level on record at Lobith

The gauge read 6.10 metres on 27 September, the lowest since measurements began in 1866; one-way traffic is already in force on the Upper IJssel, with a diversion of up to 300 km for affected ships.
06

Business and regulation

2 stories

Former Sembcorp Marine chief Wong Weng Sun was acquitted in Singapore

The court cleared him on 24 September of all six charges linked to Brazil's Operation Car Wash, on the prosecution's application after a stern warning in lieu of prosecution.

Every story in this edition

8
  1. 01Sanctioned tankers move to the Russian flag as Europe cuts false flags by half
  2. 02Argos Georgia sank after a shell door opened in heavy seas, MAIB finds
  3. 03Global Car Carriers adds eight PCTCs in China, taking its orderbook to 20
  4. 04Yang Ming names YM Weight, its fourth 15,500 TEU LNG dual-fuel ship
  5. 05Kokuka Sangyo takes delivery of Kokuryu Maru, its first methanol-fuelled tanker
  6. 06Pioneering Spirit lift capacity raised to 60,000 tonnes for Statfjord A removal
  7. 07Dunkirk picks MSC's TiL for its second container terminal, due in 2029
  8. 08Genco extends its poison pill to 2027 after Diana Shipping's bid collapsed
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Maritime Briefing of 29 September 2026 | Vessel Hunter News