BGN Orders Four Dual-Fuel VLGCs from South Korean Shipyard
Dubai-based energy and commodities trading group BGN has signed a contract with HD Hyundai Heavy Industries for the construction of four new dual-fuel Very Large Gas Carriers (VLGCs).The vessels, each with a capacity of 90,000 cbm, will be built in Korea and delivered by 2029, strengthening BGN’s position in the global LPG market and enhancing its integrated trading and logistics capabilities.Designed to operate on both conventional and lower-emissions fuels…
Court Orders GE Vernova to Stay on Vineyard Wind’s Offshore Wind Farm
A Massachusetts judge on Friday blocked GE Vernova from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 billion project.Suffolk County Superior Court Judge Peter Krupp in Boston issued a preliminary injunction at developer Vineyard Wind's request preventing a GE Vernova…
Oil Flows to Lag Even if Hormuz Strait Reopens
The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s most critical oil and gas chokepoint. But one thing is already clear: even if the guns fall silent, flows through the narrow waterway will take months – and possibly years – to recover to pre-war levels.Iran said on Saturday that it was tightening control over the strait in response to a U.S.
Oil Jumps 6% on US-Iran Ceasefire Concerns
Oil prices jumped more than 6% in early Monday trading on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted.Brent crude futures LCOc1 advanced $5.51, or 6.1%, to $95.89 a barrel by 0752 GMT and U.S. West Texas Intermediate CLc1 was up $5.46, or 6.5%, at $89.31.Both contracts tumbled by 9% on Friday…
Ammonia Fuel Sales Plan Advances in Singapore
NYK Bulkship (Asia), Golden Island and Yara Clean Ammonia Norge have concluded a non-binding Term Sheet that paves the way towards a partnership to supply low-carbon ammonia as a marine fuel in Singapore.The companies began discussions in the beginning of 2024 to explore the launch of the business, aiming to commence operations within this decade.NYK group operates a fleet of more than 900 vessels.
Icebreakers: Seaspan Shipyards Sits as the Hub of the USCG Icebreaker Fleet Rebuild
The quest to rebuild the U.S. icebreaker fleet is an international affair, and part of the project centers on Jim Carr, SVP Engineering, Seaspan Shipyards, and his team that is serving as a design and expertise hinge for construction of the USCG Arctic Security Cutter (ASC) program to be built at Rauma Marine Constructions and Bollinger Shipyards. Carr has had a long and distinguished career across major U.S.
IMO Approves New Guidelines on Ship Registration
The IMO’s Legal Committee has approved a new set of guidelines to improve transparency and due diligence in ship registration, as well as prevent fraudulent registrations and misuse of flags. The guidelines help to close a key regulatory gap for the maritime industry, given there is currently no binding international framework to regulate the registration of ships. The newly approved Guidelines will…
Australian Government Seals Deal with MHI for Frigates
The Australian government and Mitsubishi Heavy Industries (MHI) have concluded a contract for the construction of three upgraded Mogami-class frigates for Australia's General Purpose Frigate (GPF) program.In August 2025, the Australian government selected MHI's upgraded Mogami-class frigate (4,800 ton type) as the preferred platform to proceed to the next stage in the selection process for the country's…
Construction Begins on Port Hedland Seafarers Centre
Construction has started on a new Seafarers Centre at the Port of Port Hedland in Australia.Benchmark Construction and Building has been awarded a contract to construct the new center which will be a welcoming space for seafarers visiting Port Hedland and will include areas for rest, connection, recreation and access to vital support services.It will feature a communal lounge equipped with games and kitchen facilities, quiet areas, a library, meditation and prayer rooms and a shared chapel.
Woodside Orders Four Tugs for Louisiana LNG
Woodside Energy has awarded a services contract to Green Tug Towing – a joint venture of Harbor Docking & Towing and Saltchuk Marine – for the design and construction of four new tugs to be built at C&C Marine and Repair in Belle Chase, Louisiana, and delivered to Louisiana LNG in 2028.With this award, valued at more than $300 million, Woodside and its contractors have now committed more than $1 billion…
New Alliance Targets Sexual Misconduct at Sea
The All Aboard Alliance has launched Unspoken, a project to develop a global framework for companies to better identify, prevent, and respond to unwanted sexual behaviour aboard vessels.There is strong evidence that sexual misconduct at sea is both widespread and significantly underreported, said the Alliance. A 2025 report found that 80% of seafarers surveyed had experienced or witnessed a sexual…
U.S. Coast Guard Searches for Missing Vessel Offshore Saipan
The U.S. Coast Guard continues to search for a missing cargo vessel that experienced engine failure on Wednesday near Saipan in the Western Pacific, part of the Mariana archipelago. The overturned vessel was sighted by the airplane crew about 34 nautical miles northeast of Pagan, approximately 100 nautical miles northeast of the last known position of the cargo vessel Mariana.U.S. Coast Guard aircrews, a U.S.
France and Greece to Renew Defense Pact
French President Emmanuel Macron will travel to Greece next week to renew a security pact between the two countries against the backdrop of the war in Iran, a Greek government official said on Sunday.France and Greece, long-standing NATO allies, signed a security and defense agreement in 2021, which required them to come to each other's aid if attacked and included the purchase of three French-made frigates and around 24 Dassault-made Rafale fighter jets by Athens.Macron's visit to Greece on Apr
Two Cruise Ships Pass Through Strait of Hormuz
TUI Cruises said on Sunday that its Mein Schiff 4 and Mein Schiff 5 ships have passed through the Strait of Hormuz.In a statement posted on its website, the company said it had obtained approvals from relevant authorities, under careful consideration of the security situation.It said the ships would now proceed swiftly to the Mediterranean Sea.The cruise operator said that all passengers had previously been brought home and both ships were operating with reduced crews.
US Seizes Iranian Cargo Ship, Tehran Vows Retaliation
Concerns grew on Monday that the ceasefire between the United States and Iran might not hold after the U.S. said it had seized an Iranian cargo ship that tried to run its blockade and Iran vowed to retaliate.Efforts to build a more lasting peace in the region likewise appeared to be on shaky ground, as Iran said it would not participate in a second round of negotiations that the U.S. had hoped to kick off before the ceasefire expires on Tuesday.The U.S.
Amtech Delivers ATB MAM 141 & Tug Battery Park
New U.S.-Flag coastwise registered tonnage was delivered into service April 18, 2026 by Alternative Marine Technologies (AMTECH) as Vessel Construction Managers. The ATB MAM 141 & Tug Battery Park departed Gulf Marine Repair of Tampa, Florida after completing a major conversion and reconstruction to chemical and petroleum service. The barge was refitted with a full stainless steel cargo system and cargo tanks coated with Advanced Polymer Coatings Marine Line 784.
US Coast Guard Continues to Provide Technical Support for Nigeria Port Security Compliance
The Nigerian Maritime Administration and Safety Agency, NIMASA has reaffirmed its commitment to strengthening port security in line with international standards, as the United States Coast Guard (USCG) continues to provide technical support for improved compliance with provisions of the International Ships and Ports Facility Security (ISPS) Code.A delegation from the USCG, led by the Chief of International Port Security Operations, Mr.
Reliance Industries Rejects Two Iranian Oil Cargoes; US Waiver Deadline Approaches
Reliance Industries has rejected two Iranian oil cargoes as they failed to meet its compliance requirements, the Indian refiner said on Friday, just days before the expiry of a U.S. waiver that has lifted sanctions on Iranian oil exports.Last month, Washington issued 30-day waivers on U.S. sanctions allowing the purchase of Russian and Iranian oil at sea in an attempt to ease prices which soared after U.S.-Israeli strikes on Iran.Treasury Secretary Scott Bessent on Wednesday said the U.S.
Hormuz Strait Reopens After Ceasefire Deal
Iranian Foreign Minister Abbas Araqchi said the Strait of Hormuz was open following the agreement of a ceasefire in Lebanon, while U.S. President Donald Trump said he believed a deal to end the Iran war would come "soon", although the timing remains unclear.Araqchi said in a post on X the Strait was open for all commercial vessels for the remainder of the U.S.-brokered 10-day truce between Israeli…
Strait of Hormuz Reopens and Oil Prices Drop, Impacting Federal Reserve Outlook
Reopened Middle East shipping and plummeting oil prices on Friday boosted bets the Federal Reserve may begin cutting interest rates as soon as December, but its policymakers still face a tangled outlook ahead of their April 28-29 meeting.Iran's announced reopening of the Strait of Hormuz pushed oil below $90 a barrel for the first time in more than five weeks, but U.S. central bank officials will now need to assess how much damage the seven-week conflict has done to underlying price trends…
