Navios Partners Posts 274 Million Dollar First-Half Net Income
Navios Maritime Partners reported net income of $274.3m for the first half of 2026 as its multi-segment fleet absorbed disruption in the Strait of Hormuz and Red Sea.
Hengli Books 207 Ships in Six Months, a Record for a Single Yard
Hengli Heavy Industries took 207 vessel orders in the first half of 2026, an all-time record for a single shipyard, lifting its backlog to about 380 ships through 2030.
Syria and Myanmar Appear as False Flags on Russia-Linked Tankers
Russia-linked tankers claimed Syrian and Myanmar flags for the first time in the second quarter, as the IMO's list of falsely flagged vessels climbed to 580.
US Night Convoys Move 10 Million Barrels a Day Through the Strait of Hormuz
US forces are escorting 15 to 20 tankers a night through the Strait of Hormuz on a southern route hugging Oman, moving around 10 million barrels of oil daily.
Sanctioned Ships Account for 58 Percent of Tanker Scrapping in 2026
Sanctioned vessels are taking an extraordinary share of the tanker recycling market this year, with 22 blacklisted tankers making up 58 percent of all reported tanker demolition sales.
Stolt Tankers Puts Around One Hundred Ships On A Shared Procurement Platform
Stolt Tankers has rolled out a third-party electronic procurement platform across roughly 100 deep-sea vessels, with the systems live since June.
Salvage Teams Board Stricken Tanker Off Oman In Monsoon Conditions
A large international salvage and pollution response operation is under way on a stricken tanker off the coast of Oman, with specialist teams having boarded the vessel to begin stabilising both the ship and its cargo.
Shipowner's Orderbook Reaches Sixty-Nine Vessels, Nine Tenths In China
A diversified British shipowner has expanded its newbuilding programme to 69 vessels under construction, with roughly ninety per cent of that tonnage contracted at Chinese shipyards.
Sanctioned Tanker Transits The Bosphorus Wrapped In Anti-Drone Netting
A sanctioned Suezmax tanker carrying about a million barrels of Russian crude has passed through the Bosphorus visibly modified to withstand drone attack, according to observers who photographed the vessel from the Istanbul shoreline.
Greek Tanker Owner Returns To Medium Range Newbuildings
A Greek tanker owner has returned to the medium range newbuilding market with an order in China for a pair of 50,000 deadweight tonne vessels, ending a lengthy absence from the segment. Price and delivery details have not been disclosed.
Norwegian Owner Sells Two Suezmax Tankers And Prepares Newbuildings
A Norwegian tanker owner has agreed to sell two Suezmax tankers built in 2004 and 2005 for a combined fifty million dollars, expecting a book profit of about fourteen million, and has reached a preliminary agreement for two
Undelivered Tanker Locks In Thirty-Nine Million Dollars Of Charter Revenue
A very large crude carrier still under construction has been fixed on charter at a net rate of about 105,700 dollars a day for twelve to fifteen months, securing close to thirty-nine million dollars of revenue before the ship has been
Ukrainian Attacks On Tankers Paused After American Request
Ukraine has reportedly suspended drone attacks against tankers calling at a Russian Black Sea oil terminal following a request from the United States, in an intervention driven by the disruption those attacks had caused to crude
Freight For A Single Gulf Voyage Reaches Twenty-Five Million Dollars
A single voyage carrying about two million barrels of crude out of the Gulf has been fixed at a freight level implying a bill of roughly twenty-three to twenty-five million dollars, against something closer to two million dollars for
Freight For A Single Gulf Voyage Reaches Twenty-Five Million Dollars
A single voyage carrying about two million barrels of crude out of the Gulf has been fixed at a freight level implying a bill of roughly twenty-three to twenty-five million dollars, against something closer to two million dollars for
Two More Tankers Attacked In The Strait Of Hormuz
Two further tankers have been attacked in the Strait of Hormuz, extending a campaign against merchant shipping in the waterway that carries a substantial share of the world's seaborne crude.
Korean Owners Swap Twenty-Eight Ships To Concentrate Gas And Tanker Fleets
Two Korean owners under common ownership are exchanging twenty-eight vessels, doubling one fleet of gas carriers to thirty-two ships and concentrating the other in tankers.
ADNOC Shipping Arm Buys Eleven Tankers And Gas Carriers For 1.3 Billion Dollars
ADNOC's shipping arm has agreed to buy six VLCCs and five very large gas carriers for about 1.3 billion dollars, alongside a new LNG carrier order.
US targets Mexican cartel fuel smuggling
The US Treasury has sanctioned individuals and entities tied to a cartel-linked fuel smuggling network that uses shadow-fleet vessels and falsified customs documents to move illicit fuel between the US and Mexico.
Troubled shadow VLCC closes in on endgame
The 2002-built VLCC Era — formerly Marinera and Bella 1 — has reappeared under the Comoros flag with a demolition-linked manager, suggesting the much-renamed shadow-fleet tanker may be nearing its final voyage.
Frontline Sells VLCC Pair For 270 Million Dollars
Frontline has agreed to sell two 2017-built very large crude carriers for 270 million dollars, and will return all net proceeds to shareholders through a one-off dividend.
United States Sends Seized Shadow Fleet Tankers For Demolition
The United States has begun sending ageing tankers seized in its sanctions enforcement campaign to demolition rather than allowing them back into circulation.
Trump Extends Jones Act Waiver For Another Ninety Days
President Trump has extended for a further ninety days the waiver allowing foreign-flagged ships to carry oil between American ports, making it the longest such suspension on record.
Sovcomflot Assembles Sanctioned Tanker Convoy For Arctic Run To Asia
Russia's state shipping company is assembling a flotilla of sanctioned tankers in the Kara Sea for a convoy passage to Asia along the Northern Sea Route, reportedly carrying more than 950,000 tonnes of crude.
ADNOC Vessel Struck In Hormuz As Houthi Drone Hits Saudi Refinery
An ADNOC-owned vessel was hit by a missile in the Strait of Hormuz early on Saturday and a Houthi drone struck Saudi Aramco's Jazan refinery a day later, widening the pressure on Gulf energy infrastructure.
Ukraine Agrees To Spare Tankers Lifting Kazakh Crude At Novorossiysk
Ukraine has agreed to stop attacking non-Russian tankers and Black Sea infrastructure tied to Kazakhstan's oil exports, after United States officials brokered a deal covering the Caspian Pipeline Consortium terminal near Novorossiysk.
HMM Halts Container Ship Orders To Pivot Into Energy Shipping
HMM has halted plans for at least ten new 13,000 teu container ships and is redirecting investment into tankers, LNG carriers and very large gas carriers, stepping out of the boxship ordering wave.
Pan Ocean Lifts Quarterly Profit As Grain Sales More Than Double
Pan Ocean lifted second-quarter net profit attributable to the parent by 11.9 percent to 137.5 billion won, with operating profit up 57.5 percent and grain sales more than doubling.
Hormuz and Bab el-Mandeb transits collapse as Gulf energy flows dry up
Transits through Hormuz are down 90% and crude leaving the Gulf has fallen from 15m to about 1m barrels a day, lifting tanker earnings sharply.
Turkish cargo ship badly damaged as Black Sea attacks multiply
A Turkish-owned general cargo ship has been seriously damaged by drone fire in the Black Sea as attacks on merchant vessels multiply.
Three Aframaxes open first Syria-US route for Iraqi fuel oil
Three Aframax tankers have loaded Iraqi fuel oil at Syria's Baniyas terminal for delivery to the United States, opening the first US-bound flow of its kind from a Syrian port.
Rubico lines up third MR newbuilding with Trafigura charter attached
Rubico is lining up its third MR tanker newbuilding through a related-party deal with Top Ships, with the vessel already carrying a charter attachment to Trafigura.
Ageing VLCCs command record prices as tight tonnage flips market logic
Older VLCCs are commanding historically high prices as owners scramble for prompt tonnage, even as a separate sale shows long-term charter rates can still drag values down sharply.
Newly delivered VLCC reportedly struck near Hormuz within weeks of entering service
A VLCC delivered only last month has reportedly been hit while transiting near the Strait of Hormuz, one of several tankers linked to the same manager attacked within a matter of days.
Drone strikes on tankers disrupt Kazakhstan's main oil export route
Loadings at the Caspian Pipeline Consortium's Black Sea terminal have been repeatedly disrupted after a string of tanker attacks threatened around 1.5 million barrels a day of Kazakh and Russian oil exports.
Tanker owner, yard and classification society target wind power for MR tankers
A new joint development project will examine whether wind-assisted propulsion can be commercially viable for Medium Range product tankers, a segment where the technology remains largely untested.
Hormuz tanker traffic sinks to fresh lows as attacks mount
Tanker traffic through the Strait of Hormuz has fallen sharply after a further wave of Iranian attacks, even as a sanctioned crude tanker deteriorates on rocks off Oman's protected Hallaniyat Islands.
Ships reroute as Houthi blockade on Saudi-bound trade takes hold
At least six commercial vessels have changed course since Yemen's Houthi movement began enforcing a blockade on ships trading with Saudi ports, including the first tracked case of a Chinese-operated vessel complying with the ban.
Anonymous captain's account highlights pay gap facing women at sea
An anonymous account from a female tanker captain describes being formally graded and paid at the level of an ordinary seaman while performing a command role under a foreign flag.
Titan Wind Energy enters China's tanker-building ranks
Chinese renewables firm Titan Wind Energy has secured its first order for conventional crude tankers.
Houthis claim strikes on two Saudi tankers in the Red Sea
A Yemeni armed movement has claimed strikes on two Saudi oil tankers in the Red Sea, its first attacks since declaring a blockade.
Tanker owners eye the US Gulf Coast as Hormuz tensions squeeze Gulf flows
Tanker owners are eyeing the US Gulf Coast as Hormuz tensions threaten to disrupt Persian Gulf crude flows.
US says it redirected six ships and disabled one under an Iran naval blockade
The US military says it redirected six commercial ships and disabled one enforcing a naval blockade on Iran.
Sinokor offers crews six months' extra pay for Hormuz round-trips
A leading tanker owner has offered crews six months' extra pay for a round trip through the Strait of Hormuz.
White House weighs another Jones Act waiver as Gulf tensions bite
The White House is weighing another extension of waivers letting foreign ships carry goods between US ports amid Gulf tensions.
Suspected Somali pirates hijack tanker off Yemen
A tanker has been hijacked by suspected Somali pirates off Yemen and steered toward Somalia, security sources say.
UK refuses bail to captain of seized shadow-fleet tanker
The captain of the first shadow-fleet tanker detained by Britain has been refused bail, with a trial set for December.
DHT Holdings locks in a supertanker on a three-year charter
Crude tanker owner DHT Holdings has fixed one of its very large crude carriers for three years at 75,000 dollars a day.
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