Latest updates, trends, and insights from the maritime world.

EXIM rubber-stamps over $2 billion for US LNG export to Egypt

The Export-Import Bank of the United States (EXIM),  the United States government’s official export credit agency that supports American jobs by facilitating U.S. exports, has given the go-ahead for an export credit insurance authorization of more than $2 billion to send U.S. liquefied natural gas (LNG) exports to Egypt. The post EXIM rubber-stamps over $2 billion for US LNG export to Egypt appeared first on Offshore Energy.

Novorossiysk in flames as Kyiv intensifies campaign against Russian energy exports

Ukraine has launched a series of sweeping strikes against Russian energy infrastructure over the weekend, targeting the Sheskharis oil terminal at Novorossiysk, the Lukoil NORSI refinery in the Nizhny Novgorod region, the Baltic port of Primorsk and a grain-carrying vessel in the Sea of Azov – a coordinated assault designed to squeeze Moscow’s oil export …

‘Open the F***in’ Strait’: Trump

The weekend of the US-Israel war with Iran delivered a presidential tirade, fresh attacks on Gulf port infrastructure, and disputed claims over an Mediterranean Shipping Co (MSC) vessel while new market data confirms that crude tanker tonne-miles have collapsed to levels worse than anything recorded during the covid pandemic. Last night, president Donald Trump issued …

Asian multi-well drilling campaign bumped to May

A drilling campaign, which Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, is planning to embark on off the coast of Oman, has been moved to the second quarter of 2026. The post Asian multi-well drilling campaign bumped to May appeared first on Offshore Energy.

Hafnia pushes fleet renewal with $405m MR order in South Korea

Product tanker giant Hafnia has signed up for eight new MR tankers at HD Hyundai Heavy Industries in a deal worth about $405m. The BW Group-backed company said the vessels will deliver between the third quarter of 2028 and the second quarter of 2029, adding fresh, fuel-efficient tonnage to its core MR segment. Chief executive …

Venergy ramps up tanker push with suezmax orders in China

Greek owner Venergy Maritime is stepping up its move into crude tankers, lining up as many as six suezmax newbuilds across two Chinese yards. The Piraeus-based company, led by Vyron Vasileiadis, has signed firm contracts for two 158,000 dwt vessels at Shanghai Waigaoqiao Shipbuilding, with options for two more units. The ships are scheduled for …

Iran Says Iraqi Ships Are Allowed To Use Strait Of Hormuz

By Patrick Sykes, Kateryna Kadabashy and Anthony Di Paola Apr 4, 2026 (Bloomberg) –The Iranian military said major oil producer Iraq is exempt from shipping restrictions in the Strait of Hormuz,...

Tanker Loaded With Iraqi Crude Passes Through Hormuz

By Ahmad Ghaddar and Rozanna Latiff LONDON/KUALA LUMPUR, April 5 (Reuters) – An oil tanker loaded with Iraqi crude passed through the Strait of Hormuz close to the Iranian coast, a day...

On-Demand Manufacturing: A New Direction for Marine & Energy Parts Sourcing

OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From War

By Fiona MacDonald, Grant Smith and Salma El Wardany Apr 5, 2026 (Bloomberg) –OPEC+ warned that damage to Middle East energy assets will have a prolonged impact on oil supply even...

Podcast: Port Everglades CEO & Port Director Joseph Morris

Lone Russian Corvette Flies the St. Andrew’s Flag in the Med

Events from 2025-04-29 – 2025-09-17 › Shipping › - safety4sea

Events from 2025-04-29 – 2025-09-17 › Shipping ›  safety4sea

Op-Ed: An Urgent Need for Quicker and Cheaper Naval Procurement

Iran Claims to Have Hit an MSC Container Ship in the Mideast

COSCO targets dozen LNG dual-fuel boxships in $2bn move

China’s state-run shipping group COSCO is closing in on another major boxship order, with brokers pointing to a deal for up to 12 LNG dual-fuel container vessels worth more than $2bn. Market sources say the group is in advanced talks with CSSC’s Hudong-Zhonghua Shipbuilding for a series of 14,000 teu neo-panamax ships, with pricing understood …

Sweden seizes chemical tanker suspected of illegal Baltic oil spill

Swedish authorities have seized a Sierra Leone-flagged chemical tanker on suspicion of carrying out an illegal oil spill in the Baltic Sea. The 21-year-old Flora 1 was detained by Swedish authorities in the early hours of Friday following suspicions that the vessel had discharged oil illegally into the Baltic with aerial photos showing a sheen …

Ship repair yard opens in Djibouti

Djibouti has officially inaugurated a new ship repair yard developed in partnership with Damen Shipyards with financing from Invest International of the Netherlands. The Djibouti Ship Repair Yard (DSRY) claims to be the largest facility of its kind in the Red Sea and East Africa. It includes a floating dock measuring 217 m long and …