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Propspeed Joins RightShip’s Zero Harm Innovation Partners Program to Support More Efficient and Sustainable Vessel Operations
Improving vessel energy efficiency is an important part of the maritime industry’s efforts to reduce fuel consumption and greenhouse gas emissions. While hull performance often receives significant attention, the condition...
Coast Guard Looks to Commercial Icebreakers to Keep Northeast Ports Open This Winter
The U.S. Coast Guard is exploring the use of commercial icebreaking vessels to help keep Northeast ports and waterways open this winter, as the service prepares for another season of...
UAE Weighs Plans for Third Strait of Hormuz Bypass Pipeline
The United Arab Emirates currently operates one crude export pipeline that bypasses the Strait of Hormuz and announced earlier this year that it was building a second. A third pipeline is reportedly being planned to further expand crude capacity and reroute energy flows around Hormuz, reducing exposure to Iranian disr…
Vance Blames His Own Administration’s Iran War for Republican Defeat
Vice President JD Vance on Wednesday blamed Republicans’ midterm election losses on the Trump administration’s eight-month war with Iran, which has driven up global energy prices and left commercial shipping...
India Sees Some Trade Relief, New Risks After Democrat Sweep
Indian officials were cautious on the US midterm election results, saying it eases some of the pressure over trade tensions but creates a new layer of uncertainty in an already fragile relationship.
Iran Says Four Oil Tankers Destroyed by Mines Near Strait of Hormuz
Four oil tankers were destroyed after hitting naval mines in an area south of the Strait of Hormuz proscribed by Iran as prohibited for navigation, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Wednesday, as attacks on vessels in the region intensify while crude oil flows have dipped from recent highs. The f…
U.S. Coast Guard Detains MSC Cruise Ship in Miami
The U.S. Coast Guard has detained the cruise ship MSC Poesia at PortMiami, forcing MSC Cruises to cancel an 11-night Caribbean voyage after the vessel remained in port for two...
ENGINE: East of Suez Bunker Fuel Availability Outlook
Singapore and Malaysia Bunker fuel availability remains tight in Singapore, with delayed cargo arrivals and congestion at loading terminals continuing to constrain supply, a source said. VLSFO lead times are currently around 13-15 days. Last week, suppliers recommended lead times ranging from around 13 days at the ear…
Qatar’s US LNG Bet Signals a New Energy Order
Turning to your biggest rival is rarely a sign of confidence. Yet Qatar's decision to sign long-term contracts for US supplies suggests the world's second-largest LNG exporter is increasingly concerned that instability in the Gulf could undermine its ambitious expansion plans.
New Jersey Governor Warns Ports Against Handling Russian Diesel
New Jersey Governor Mikie Sherrill is warning port and terminal operators not to accept Russian diesel shipments heading toward the U.S. East Coast, arguing that the Trump administration’s authorization of...
Australia Bans Bulk Carrier Over Repeated Falsification of Crew Rest Records
The Australian Maritime Safety Authority (AMSA) has banned a Marshall Islands-flagged bulk carrier from Australian ports for 90 days after inspectors discovered that crew work and rest records had been...
Hapag-Lloyd, ONE Warn Most Cargo Lost in Massive Containership Fire
Hapag-Lloyd and Ocean Network Express (ONE) are warning customers that most of the cargo aboard the fire-damaged containership Espirito Santo Express is likely severely damaged or a total loss, more...
Dubai Benchmark Slips Into Contango for the First Time Since July
The curve of the Dubai benchmark is showing signs that rising oil flows from the Middle East are exceeding demand for the first time since early July, when the three-week U.S.-Iran ceasefire allowed millions of barrels to leave unhindered the Strait of Hormuz. Physical flows have been gradually rising for the past two…
Former USS Enterprise Begins Final Voyage to Alabama for Dismantling
The former USS Enterprise (CVN 65), the world’s first nuclear-powered aircraft carrier, departed Newport News Shipbuilding in Virginia under tow on Monday, November 2, beginning its final journey to Mobile,...
War Widens in the Black Sea in a Test of NATO Red Lines
After seven strikes on cargo ships near NATO members Romania and Bulgaria last month, the US-led military alliance said it would deploy maritime patrol aircraft, radars and drones to bolster its eastern flank in the Black Sea.
Saudi Aramco Profit Beats Expectations as Oil Prices Soar
Saudi Aramco beat analyst estimates of its third-quarter profit as higher crude oil and fuel prices offset the impact of oil supply disruptions due to attacks on its assets. The Saudi state oil giant on Tuesday reported an adjusted net income of $31.2 billion for the third quarter, up from $28.6 billion for the same p…
Türkiye Strengthens Demand For Steelpaint’s Long-Term Corrosion Protection
The rise in the number of Turkish shipyards from 37 in 2002 to about 85 today has substantially increased the country’s newbuild capacity but shiprepair and maintenance continues to account for much of the industry’s maritime activity, as more shipowners extend vessel service life. For instance, Turkish yards, concent…
Alternative-Fuel Ship Orders Outpace Port Bunkering Infrastructure, Lloyd’s Register Warns
The global shipping industry is ordering alternative-fuel vessels faster than ports can develop the infrastructure needed to fuel them, according to a new report from Lloyd’s Register (LR), highlighting a...
Sanctioned Iranian Tanker Slips Past U.S. Blockade, Delivers Cargo to China
A sanctioned Iranian tanker carrying about 500,000 barrels of liquefied petroleum gas slipped past the U.S. naval blockade and delivered its cargo to China, according to United Against Nuclear Iran (UANI), which says it filmed the ship at a Malaysian anchorage along the way. Tanker laden with Iranian LPG transiting th…
Broad Industry Coalition Urges Permanent Suspension of Costly U.S. Port Fees on China-Linked Ships
A broad coalition of maritime, agricultural, manufacturing, retail and logistics organizations is urging the Trump administration to permanently suspend U.S. port fees targeting China-linked vessels, warning that reinstating the charges...
Pakistan LNG Cargo Attacked Near Hormuz Had Iranian Approval
(Bloomberg) — Pakistan negotiated with Iran to secure safe passage for liquefied natural gas carrier Al Mayeda before the ship was attacked near the Strait of Hormuz on Friday, according...
Rare Iranian Strike On Vessel Hundreds Of Miles From Strait Of Hormuz
Sunday saw another vessel attacked in Persian Gulf regional waters. The UK Maritime Trade Operations agency (UKMTO) reported that a ship was struck by two projectiles some 83 miles east of Ras al-Khafji, which is the Saudi town on the Kuwaiti border in the northern Persian Gulf. Significantly and unusually, this parti…
Alternative-Fuel Ship Orders Up 57% in 2026 as LNG Continues to Dominate
Orders for alternative-fueled ships are running 57% ahead of last year, with LNG-powered containerships and car carriers driving much of the growth, according to new figures from classification society DNV....
New Wave of Attacks Hits Tankers and LNG Carrier in Strait of Hormuz and Persian Gulf
A tanker was struck by two unidentified projectiles in the Persian Gulf late Sunday, marking the latest in a series of attacks on commercial shipping in and around the Strait...
UAE to Protect Energy Infrastructure, Invest in New Export Routes to Prepare for Iran War, Minister Says
The UAE will protect its energy infrastructure and invest in new export routes, storage capacity abroad and shipping fleets to be better prepared for the US-Israeli war on Iran, its energy minister said on Monday.
Şanlıurfa light rail construction contract awarded
TURKEY: Şanlıurfa municipality has let a contract to construct the first phase of the city’s future light rail system to a consortium of Sigma İnşaat, Emreray Enerji and Vestan İnşaat. The consortium submitted a winning bid of TL3.39bn, the lowest of seven bids received. Phase 1 involves construction of a 14 km north-…
OPEC+ holds December oil output target
The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 1 November 2026, to review global market conditions and outlook. The seven participating countries decided to main…
Iraq's Oil Exports via Turkey Surge to 500,000 Bpd
Iraq has boosted its crude oil exports via the Turkish Mediterranean port Ceyhan to 500,000 barrels per day (bpd), as OPEC’s second-largest producer has started trucking Basrah crude to the pipeline system to the north. Iraq has hiked exports from Turkey to 500,000 bpd for the first time since pipeline operations resu…