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

Tanker shipping market very tight due to dislocation of tonnage

Leading shipowners and analysts in New York grapple with the complexities of the tanker market with the closure of the Strait of Hormuz

World Fuel Services & West Coast Clean Fuels Establish Methanol Bunkering

China's Deep Sea Mining Research May Be Cover for Surveillance

Ventura Offshore secures Brazil rig extensions with Petrobras

Offshore driller Ventura Offshore has been awarded contract extensions for two of its rigs operating offshore Brazil. The 2009-built SSV Victoria semisub was awarded a 1,455-day firm extension of the rig’s current contract, with a unilateral termination option by Brazilian state-owned giant Petrobras from the 910th day of the extension period, during which it will …

Russia Plans to Send Second Tanker Through U.S. Energy Blockade on Cuba

How Iran Can Stop Shipping With Mines, From the Arabian Gulf to the Red Sea

Damen and Alewijnse unveil a next generation of offshore support tugs

With the demand for powerful offshore support tugs continuing to grow, Damen and Alewijnse are contributing to increasing supply with the construction of two new multi-purpose vessels. Combining towing, pushing and offshore support capabilities, the tugs are being built in collaboration with Chomex Marino and Woodside at Damen Albwardy in the United Arab Emirates. Once ...

Market upheaval drives reversal in Singapore-Rotterdam LNG bunker spread

LNG bunker fuel prices in Singapore held a premium to Rotterdam on March 31, underscoring a sharp reversal from the discount structure seen earlier this year, as geopolitical tensions and regional supply-demand shifts reshape market dynamics. Platts, part of S&P Global Energy, assessed the price of LNG bunker fuel in Rotterdam at $19.20/MMBtu on March ...

UN Security Council Expected to Vote Down Use-of-Force Request for Hormuz

Samsung Heavy Industries Participates in Its First U.S. Navy MASGA Project

Archaeologists Uncover Danish Navy Flagship From the Battle of Copenhagen

Boxship Departing Taiwan Clips Docked Ship Sending Containers into Harbor

Four People Rescued by Vehicle Carrier Transiting the Bay of Biscay

Taiwan Accuses Salvage Barge of Damaging Subsea Cable

First LNG Carrier Among Three Omani Ships Breaking Out Through Hormuz

Tankers and a Long-Term Hormuz Strait Disruption: Is Selective Access Here to Stay?

The pressure on the oil and shipping markets from the Hormuz Strait situation could very well remain, long after the war in Iran ends. In its latest weekly report, shipbroker Xclusiv said that “the Strait of Hormuz is no longer simply a chokepoint. It is gradually being reshaped into a controlled corridor where access is ...

Growing Houthi risk could amplify inefficiencies across tanker trade flows

Escalating Houthi attacks against Israeli targets signal potential maritime sabotage ahead, threatening to reshape global tanker trade flows and introduce significant inefficiencies into an already strained supply chain. We analyse how redirecting crude exports via the Cape of Good Hope could nearly triple tonne-miles out of Yanbu, favor specific tanker benchmarks, and shift clean product ...

Xeneta Weekly Ocean Container Shipping Market: Rates Up 30% Over the Past Month

Xeneta analyst insight Peter Sand, Xeneta Chief Analyst: “Five weeks into the Strait of Hormuz closure and spot rates on every major East-West trade lane have risen sharply, showing this is a conflict with global repercussions for ocean supply chains. “From Far East to North Europe and Mediterranean – trades with direct exposure to the ...