Energy Flow Stressed with Fujairah Port, Shah Gas Field Attacks
Oil loading at the United Arab Emirates port of Fujairah was at least partly halted after a third attack in four days caused a fire at the export terminal, while operations at the Shah gas field remained suspended after an earlier attack.The cascading disruptions threaten to completely sever the OPEC producer's remaining crude export outlet from global markets, potentially deepening a crisis that has sent energy prices surging.The UAE's other export hubs are located within the Gulf…
$112M Offshore Vessel Acquisition Finalized
Next Geosolutions has finalized financing to support the acquisition of a new offshore vessel, strengthening its fleet and subsea service capabilities as demand grows in the offshore energy sector.The Italy-based marine geosciences and offshore construction support specialist said it has secured backing from Intesa Sanpaolo and Cassa Depositi e Prestiti (CDP) for the purchase of the vessel Siem Day, which will be renamed NG Supporter.
Offshore Vietnam: Energy Imports Rise as Domestic Production Falls
Vietnam's domestic crude oil production is expected to decline this decade, according to a government document released this week, increasing the country's reliance on imports as its offshore fields mature and geopolitical tensions threaten global supplies.The new forecasts for dwindling oil output come as Vietnam, a regional industrial hub hosting large manufacturing operations of electronics and garment multinationals, is bracing for oil shortages caused by the U.S.-Israeli war on Iran and sub
Bridging the Data Divide: How AI Will Rewire Maritime, Port Ops
With the rapid evolution of Artificial Intelligence, it’s fair to say there is more misunderstood than understood, particularly in conservative markets like maritime and ports. Adalberto ‘Berto’ Ponce, Co-Founder and CEO Of AI Strategic Solutions discusses with Maritime Reporter TV his organization’s experiences in working with ports and port facilities to help make operations more efficient and diversify revenue.
Flex LNG Secures Long-Term Vessel Extensions, Contract Backlog
Flex LNG Ltd. has secured new long-term charter extensions for two LNG carriers while confirming the start of a major multi-year contract for another vessel, further strengthening its forward revenue visibility.The company said a supermajor charterer has exercised a second extension option for the Flex Resolute and Flex Courageous, adding 730 days to each contract and extending their employment through the first quarter of 2029.
Bauxite Shipments up 16% but Outlook Uncertain
"During the first 11 weeks of 2026, bauxite shipments have surged 16% y/y, driven by strong Chinese demand for Guinean cargoes. Guinean bauxite has remained highly competitive, accounting for 79% of shipments and pushing non-Guinean bauxite shipments down 3% y/y. Bauxite has been one of the fastest growing dry bulk commodities, growing 10% on average between 2021 and 2025,” says Filipe Gouveia, Shipping…
Onboard Fuel Reforming System Pilot Planned for Multi-Fuel Engines
lomarlabs has entered a collaboration with Blaze Energy to pilot a third-generation, compact, engine-integrated fuel reformer designed to accelerate the practical adoption of alternative fuels in commercial shipping.The collaboration will culminate in a pilot installation onboard a Lomar vessel, enabling Blaze Energy to validate its multi-fuel reforming system, under real marine operating conditions.
IMPA Makes the Case Against Competition in Maritime Pilotage
The International Maritime Pilots’ Association (IMPA) is calling attention to the consequences of deregulation and competition in maritime pilotage:Maritime pilotage is a public, not commercial, service that exists for the safety of navigation — protecting people, the environment and trade, says IMPA. Some jurisdictions are tempted by the idea that deregulation and competition deliver a better service…
Ports of Indiana Opens Ireland Trade Office
Ports of Indiana has opened its first international trade office in Ireland to grow cargo shipments and support the launch of a direct Europe-Indiana container service. Maritime trade veteran, Brian Dooley, will lead the new European Trade Office, based in Cork and Kildare, Ireland.In 2024, Ireland made $32.4 billion of shipments to Indiana, according to the World Institute for Strategic Economic Research, more than triple any other country’s total.
Interferry Says Vessel Differences Need Consideration in Fire Regulations
On March 9, the IMO sub-committee on Ship Systems and Equipment convened for its 12th session (SSE12), and DNV reports that the action plan to evaluate the adequacy of fire protection, detection and extinction arrangements in vehicle, special category and ro-ro spaces was revised in order to reduce the fire risk of ships carrying new-energy vehicles.The group agreed to give priority to the development…
US Aircraft Carrier Ford Suffers Laundry Fire
The U.S. aircraft carrier Gerald R. Ford, deployed in operations against Iran, is expected to temporarily pull into port after a fire on board, U.S. officials said on Tuesday, the 18th day of the war with Tehran.The carrier, America's newest and the world's largest, is currently located in the Red Sea. It is expected to temporarily go to Souda Bay on the Greek island of Crete, the two officials said.The warship has been deployed for nine months…
GTT Receives Hudong-Zhonghua Shipyard Order for LNGC Tank Design
GTT announces that it has received, in the first quarter of 2026, an order from the shipyard Hudong-Zhonghua for the tank design of four new Liquefied Natural Gas Carriers (LNGCs) on behalf of a European ship-owner.GTT will design the vessels’ membrane containment systems, each offering a total capacity of 174,000 m³.
Advanced Navigation Raises $110M Series C to Support Increased PNT Technology Demand
Advanced Navigation, a leader in navigation and autonomous systems, announced it has successfully raised $110 million in a Series C funding round. The raise marks a shift in the global autonomy race as national demand for alternative Positioning, Navigation, Timing (PNT) technologies reaches an all-time high.The round was led by Airtree Ventures, with participation from Quadrant Private Equity and the National Reconstruction Fund Corporation (NRFC).
America’s Ports, Harbors, and Waterways: Dredging, Resolve and the Will to Build
America’s maritime infrastructure is measured in draft depth, vessel clearance, sediment management, and days available to dredge. If the United States is serious about competing in a century defined by supply chains, energy exports, and sealift readiness, then ports, harbors, and waterways must move from being in the background to becoming part of the national strategy.The Dredging industry and it importance to the U.S.
Oil Prices Rise As Iranian Attacks on UAE Continue
Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no quick resolution to U.S.-Israeli war on Iran, now in its third week.Brent crude futures gained $1.33, or 1.3%, to $101.53 a barrel by 1515 GMT while U.S. West Texas Intermediate (WTI) crude advanced $1.21, or 1.3%, to $94.71.The U.S.-Israeli war on Iran shows no signs of abating.
Cuba Reconnects Electrical Grid, Millions Remain Powerless
Cuba has reconnected its electrical grid across much of the island, the Energy and Mines Ministry said early on Tuesday, just hours after U.S. President Donald Trump escalated his rhetoric against the communist-run island, saying he could do anything he wanted with Cuba.Cuba's national electric grid collapsed on Monday, leaving about 10 million people without power amid a U.S.-imposed oil blockade…
Oil Production Impacts in the Middle East
Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli war on Iran has disrupted oil and gas shipping and halted some output.France's TotalEnergies, which has the biggest upstream exposure to the region compared with its global output, has said some 15% of its production is offline due to the war.Here are some details on the majors' production in the Middle East…
Oil Tankers Trickle Through Strait of Hormuz, US Economy Not Impacted
Oil tankers are crossing the Strait of Hormuz and Iran's actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration's position that the war should be over in weeks, not months."Already you're seeing tankers are starting to dribble through the straits, and I think it's a sign of how little Iran has left…
BOEM Issues Notice of Intent for Offshore Well Stimulation Work
The Bureau of Ocean Energy Management has issued a Notice of Intent to prepare an Environmental Impact Statement for a proposed update to the Santa Clara Unit Development and Production Plan, which includes the use of hydraulic fracturing on 16 existing wells at Platform Gilda, located 8.8 miles offshore Ventura County, California.BOEM has deemed the plan complete and is launching an environmental…
Janus Launches First USV Comparison Database
US marine autonomy specialist Janus Marine & Defense has launched an Uncrewed Surface Vessel (USV) comparison website. Janus Navigator, a structured, filterable database of almost 200 global USV platforms with a sales capability, has been created to allow clients to make informed choices and identify which platform class best aligns with their mission profile before important procurement decisions are made.The site allows its users to compare and filter USVs across manufacturers…
