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Maritime, in motion

A tanker sailing on the open ocean
Incident

Pirates board and damage tanker off southern Yemen

Armed pirates boarded and damaged a tanker in the Gulf of Aden south of Yemen, the latest in a spate of attacks that has pushed the regional threat assessment to severe.

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A magnifying glass focusing on the Strait of Hormuz on a map
Industry

Hormuz standoff shifts from access to control

Talks between Washington and Tehran remain stuck over control of the Strait of Hormuz, with Iran pushing joint sovereignty and passage fees while a grounded containership is used to press its case.

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A container ship carrying containers at sea, seen from above
Industry

AP Moller Holding buys Ocean Yield from KKR

AP Moller Holding is taking full ownership of Norwegian ship-leasing specialist Ocean Yield from KKR, adding a fleet of more than 70 vessels and a $5bn contracted backlog to its growing maritime portfolio.

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Coast guard patrol vessel (illustration)
Industry

Australia reports 4,174 marine incidents in 2025

AMSA's Marine Incident Annual Report 2025 records 4,174 incidents across the fleet, including four fatalities and 228 injuries on domestic commercial vessels, with operational shortfalls the leading factor.

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Container terminal (illustration)
Industry

Maersk to order 1,000 made-in-India cargo containers

Maersk is set to place a commercial order for 1,000 steel containers with India's DCM Shriram, backing the country's push to break China's near-monopoly on cargo container manufacturing.

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Ship engine control room (illustration)
Industry

ABB to buy Norwegian marine automation specialist Høglund

ABB has agreed to acquire Norwegian marine automation specialist Høglund, whose control systems are installed on more than 600 vessels, for its Marine & Ports division.

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Ship transiting the Suez Canal (illustration)
Industry

El-Sisi reviews Suez Canal rates and marine unit manufacturing

President El-Sisi has reviewed Suez Canal navigation rates and Egypt's local marine manufacturing drive, as canal revenues rose 18.5% in the first half of the 2025/26 fiscal year.

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Floating solar installation (illustration)
Industry

SolarDuck and MARIN win $3.6m for offshore floating power hub

SolarDuck and MARIN have won a $3.6m Dutch subsidy for the Steady Seas program to advance an offshore floating power hub for remote offshore and subsea assets.

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US Coast Guard cutter (illustration)
Industry

Bordelon Marine to provide commercial support vessel for US Coast Guard

The US Coast Guard has awarded Bordelon Marine a contract for a commercial support vessel to deliver supplies and personnel to cutters operating in the Caribbean, the Gulf and other areas under its HSC-Ocean initiative.

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General cargo ship at anchor (illustration)
Industry

Somalia joins 15 maritime conventions

Somalia has acceded to 15 international maritime conventions in a push to tighten its legal framework across ship safety, navigation, pollution response and maritime security.

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Hydrofoil passenger boat (illustration)
Product

Artemis launches world-first electric hydrofoil pilot boat

Artemis Technologies has launched what it says is the world's first fully electric hydrofoil pilot boat, the 12-metre EF-12 Pilot, now undergoing sea trials ahead of customer deliveries.

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Bulk carrier at a terminal (illustration)
Industry

Vitol sails stranded aluminium cargo out of Strait of Hormuz

Vitol has shipped a stranded cargo of about 35,000 tonnes of aluminium out of the Strait of Hormuz, an early sign of normalising trade flows after months of disruption.

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Crude oil tanker (illustration)
Dark fleet

France brings detained Deliver tanker to Marseille in flag probe

France has brought the detained tanker Deliver to an anchorage near Marseille for a prosecutor-led investigation into an alleged flag offence, part of a wider European crackdown on shadow-fleet tankers.

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Trailing suction hopper dredger (illustration)
Vessel sales

DEME orders new 22,000 m3 trailing suction hopper dredger

DEME is strengthening its dredging fleet with the order of a new 22,000 m3 trailing suction hopper dredger, aimed at higher productivity and lower greenhouse gas intensity per dredged cubic metre.

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Autonomous offshore survey vessel (illustration)
Industry

Oceaneering lines up six months of offshore survey work

Oceaneering International has secured about six months of multi-discipline offshore survey work for its Ocean Intervention II vessel, spanning Trinidad and the US Gulf of Mexico.

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Offshore wind turbines (illustration)
Industry

Aker Solutions lands European offshore wind substation deal

Aker Solutions has won a substantial EPC contract to deliver an HVDC substructure for a European offshore wind project, worth an estimated NOK 2.5bn to 4bn.

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Semi-submersible drilling rig (illustration)
Industry

Equinor hands Transocean $1bn Norwegian rig deal

Transocean has agreed to deploy three harsh-environment semisubmersible rigs for Equinor on the Norwegian shelf, adding over $1bn in backlog across seven rig years.

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Container ship at port (illustration)
Industry

Barrelet takes the helm at ONE

Till Ole Barrelet has taken over as chief executive of Ocean Network Express, succeeding founding boss Jeremy Nixon at the world's sixth-largest containerline.

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Dry bulk carrier at a bulk terminal (illustration)
Industry

Diana keeps pressure on Genco with tender extension

Diana Shipping has extended its hostile $27.34-per-share tender offer for Genco Shipping & Trading to July 18, prolonging a closely watched dry bulk takeover battle.

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Aluminium smelter (illustration)
Industry

Alcoa moves for South32 aluminium assets

Alcoa has agreed to buy South32's bauxite, alumina and aluminium assets in Australia, Brazil and South Africa for $4.1bn upfront, a deal with implications for dry bulk's fast-growing bauxite trade.

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Oil products tanker at sea (illustration)
Industry

Mercuria and Eni form global energy trading venture

Eni and Mercuria have agreed a 50:50 global energy trading joint venture covering oil, biofuels, gas and LNG, marking the Italian major's return to a market it exited in 2019.

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Bulk carrier at sea (illustration). Photo: Andrew Priest, CC BY 3.0, via Wikimedia Commons
Vessel sales

COSCO orders 24 bulkers in $1.27bn leasing play

COSCO Shipping Development has ordered 24 dry bulk vessels worth RMB8.66bn ($1.27bn), deepening its leasing business with long-term charters back into the COSCO group.

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Officer shortage risks exceeding 100,000 by 2030
Industry

Swedish county backs offshore wind after policy reversal

Sweden's Skane county has reversed its opposition to the Sjollen offshore wind site in the Oresund Strait, now backing its designation as a national interest area amid rising electricity demand.

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Landlocked Kyrgyzstan readies ship registry
Industry

Landlocked Kyrgyzstan readies ship registry

Landlocked Kyrgyzstan has passed its first Merchant Shipping Code, paving the way for a national ship registry and a Kyrgyz-flagged fleet registered in Bishkek.

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Shipping struggles to stamp out illegal recruitment fees
Industry

Shipping struggles to stamp out illegal recruitment fees

Research by IHRB and TURTLE finds 31% of seafarers have been asked to pay illegal recruitment fees, prompting a new industry toolkit backed by more than 30 organisations.

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Keyfield wins 13 charter deals across Asia and Middle East
Industry

Keyfield wins 13 charter deals across Asia and Middle East

Malaysia's Keyfield International has won 13 new offshore charter contracts worth RM229m ($55.7m) across Malaysia, Thailand and the Middle East, lifting its first-half wins to 21.

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Nissen Kaiun closes in on double-digit bulker sell-off
Vessel sales

Nissen Kaiun closes in on double-digit bulker sell-off

Japan's Nissen Kaiun is nearing double-digit vessel sales for the first half of 2026, with the 183,000 dwt Lady Deena reportedly sold to Chinese buyers for around $70m.

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Pan Ocean keeps VLCC push rolling
Vessel sales

Pan Ocean keeps VLCC push rolling

South Korea's Pan Ocean has ordered two more VLCC newbuildings, ammonia-ready and priced at about $122m each, extending a rapid crude tanker expansion.

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Machine guns spotted on Russian LNG carrier in the Baltic
Industry

Machine guns spotted on Russian LNG carrier in the Baltic

An OCCRP investigation reports that Russia has fitted the Gazprom-owned LNG carrier Marshal Vasilevskiy with heavy machine guns in the Baltic, an apparent first for a merchant vessel on a commercial route.

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Hapag-Lloyd strengthens terminal network with Hamburg and Tangier Med deals
Port activity

Hapag-Lloyd strengthens terminal network with Hamburg and Tangier Med deals

Hapag-Lloyd's terminal arm HGT is acquiring a 20% stake in Eurogate Container Terminal Hamburg and doubling its holding in Morocco's TC3 terminal at Tangier Med to 20%.

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Skov to step down as Hafnia chief executive
Industry

Skov to step down as Hafnia chief executive

Product tanker giant Hafnia has named Soren Steenberg Jensen as its next chief executive, with founding CEO Mikael Skov stepping down on September 1, 2026.

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SBM Offshore closes $465m funding for Mexico-bound FSO
Industry

SBM Offshore closes $465m funding for Mexico-bound FSO

SBM Offshore has closed $465m of project financing for the FSO Chalchi, a suezmax-hulled unit bound for the Woodside-operated Trion field off Mexico under a 20-year lease.

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Equinor pulls out of Japan offshore wind market
Industry

Equinor pulls out of Japan offshore wind market

Equinor is ending its offshore wind activities in Japan and will close its Tokyo office by the end of 2026, citing a strategic refocus on integrated power markets.

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Eldorado finalises $257m acquisition of Vantage Drilling
Industry

Eldorado finalises $257m acquisition of Vantage Drilling

Eldorado Drilling has completed its roughly $257m acquisition of offshore drilling contractor Vantage Drilling, combining their fleets into a five-rig platform spanning drillships and jackups.

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Lightning strike sparks fire at offshore platform off Malaysia
Incident

Lightning strike sparks fire at offshore platform off Malaysia

Vestigo Petroleum, a Petronas Carigali subsidiary, has confirmed a fire at its West Lutong platform off Sarawak after a lightning strike; the blaze is under control and no injuries were reported.

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Hormuz is a test of trust for shipmanagers
Industry

Hormuz is a test of trust for shipmanagers

In a contributed piece, InterManager president Sebastian von Hardenberg argues the Strait of Hormuz crisis is a direct test of trust between shipmanagers, owners, crews and their families.

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U-Ming signs for newcastlemax newbuilds in China
Vessel sales

U-Ming signs for newcastlemax newbuilds in China

U-Ming Marine Transport has signed for up to four newcastlemax newbuildings at Jiangsu Hantong Ship Heavy Industry, part of a plan to grow its fleet beyond 100 vessels.

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Norway is about to tunnel a shipping lane through a mountain
Industry

Norway is about to tunnel a shipping lane through a mountain

Norway's Coastal Administration has awarded AF Gruppen a NOK 5.6bn ($564.5m) turnkey contract to build the Stad Ship Tunnel, the world's first tunnel for maritime traffic.

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Korean shipyard moves closer to revival after nine-year hiatus
Industry

Korean shipyard moves closer to revival after nine-year hiatus

South Korea's dormant Gunsan Shipyard is edging back to production, signing a letter of intent for four aframaxes that could restart full shipbuilding after almost nine years.

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Livestock carriers remain shipping's worst-performing fleet
Industry

Livestock carriers remain shipping's worst-performing fleet

A new report by Robin des Bois, the Animal Welfare Foundation and Tierschutzbund Zurich finds livestock carriers ranked shipping's worst-performing fleet, with 88% of inspections yielding deficiencies.

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MSC returns to megaship ordering with up to 20 new giants
Vessel sales

MSC returns to megaship ordering with up to 20 new giants

MSC has reportedly returned to the newbuilding market with an order for up to 20 20,000 teu LNG dual-fuel containerships at China's Hengli Heavy Industry.

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Hormuz security in tatters as US and Iran trade fresh strikes
Industry

Hormuz security in tatters as US and Iran trade fresh strikes

The fragile Strait of Hormuz ceasefire has effectively collapsed after US and Iranian forces exchanged fresh strikes, with a drone attack on the tanker Kiku the latest hit on commercial shipping.

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Modec bags work on Mozambique's next FLNG development
Industry

Liner networks shift away from Asia's mega hubs

Container carriers are permanently restructuring their networks away from Asia's largest transhipment hubs towards secondary regional ports, according to Sea-Intelligence analysis of UNCTAD connectivity data.

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California prepares legal challenge over offshore wind buybacks
Industry

California prepares legal challenge over offshore wind buybacks

California is preparing to sue the Trump administration over the federal buyback of offshore wind leases, including the Golden State Wind project, warning it threatens the state's 25GW target.

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Modec bags work on Mozambique's next FLNG development
Industry

Modec bags work on Mozambique's next FLNG development

Modec will supply the SOFEC internal turret mooring system for Eni's Coral Norte FLNG project off Mozambique, which is set to double the Coral hub's capacity to 7m tonnes a year.

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IMO and Oman orchestrate phased reopening of Hormuz
Industry

IMO and Oman orchestrate phased reopening of Hormuz

A US-Iran memorandum and a temporary Oman/IMO corridor are lifting Strait of Hormuz transits to their highest since the February closure, though Allianz warns of a structural shift in maritime risk.

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Officer shortage risks exceeding 100,000 by 2030
Industry

AD Ports tightens grip on Global Feeder Shipping

AD Ports Group has raised its holding in Dubai-based Global Feeder Shipping to 81% after a $300m stake purchase, deepening its push into global feeder container shipping.

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Officer shortage risks exceeding 100,000 by 2030
Industry

Container shipping is thinking small again

The containership orderbook is nearing 13m teu, but Alphaliner data shows carriers shifting decisively toward smaller feeder and mid-sized ships, with 74% of recent orders below 6,500 teu.

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