Asia News

Japanese shippers welcomed on Monday the U.S.-Iran peace agreement which will reopen the Strait of Hormuz but are awaiting more details of the deal and clearance of mines before allowing their ships to pass the chokepoint.According to the association, 38 Japanese-linked vessels remain stranded in the Strait of Hormuz.The U.S.-Israeli war with Iran that began on February 28 has largely stopped shipping through the strait, the transit route for roughly a fifth of the world's oil and liquefied natural gas supply…

Oil prices slipped to a three-month low on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.Brent crude futures LCOc1 fell $3.65, or 4.2%, to $83.68 a barrel by 0630 GMT and U.S. West Texas Intermediate CLc1 was at $80.75, down $4.13, or 4.9%. Both contracts fell to their lowest levels since March 10 on Monday after tumbling more than 3% on Friday.The U.S.

JERA has received its first liquefied natural gas (LNG) cargo from the Barossa gas project in Australia, marking the start of LNG deliveries from the offshore development to Japan's largest power generation company.The cargo arrived aboard the LNG carrier Sohshu Maru at JERA's Futtsu LNG terminal on June 12, following the start of production from the Barossa project in late 2025.Located offshore Australia's Northern Territory, the Barossa gas field supplies gas to the Darwin LNG facility for processing and export.

All three missing Indian seafarers have died after a U.S. military strike on a tanker in the Gulf of Oman, Indian Shipping Minister Sarbananda Sonowal said on Thursday.The U.S. said its military carried out a "precision" strike on the vessel that failed to follow its instructions and was carrying oil from Iran.Indian sources told Reuters that New Delhi had summoned the U.S. deputy chief of mission after lodging a "strong protest" on the strike.(Reuters - Reporting by Hritam Mukherjee; Editing by YP Rajesh)

Three more liquefied natural gas tankers have exited the Strait of Hormuz with their transponders off and are bound for destinations in Asia, although the exact timing of their transit is unclear, ship-tracking data from LSEG and Kpler showed.This comes as the United States and Iran traded air attacks for a second straight day on Thursday, with U.S. President Donald Trump vowing further strikes unless Tehran agrees to a peace deal and Washington saying it fired on a vessel carrying…

Mitsui O.S.K. Lines (MOL) and Japan Airlines (JAL) have entered into an agreement with Lloyd's Register and U.S.-based REGENT Craft to jointly develop certification and operational approval processes for REGENT's fully electric Seaglider vessel, as the companies work toward commercial deployment in Japan.The initiative marks the first collaboration in Japan involving a classification society aimed at supporting the commercialization of Seaglider vessels.Seagliders are fully electric wing-in-ground effect craft that operate a few metres above the water surface using ground effect.

The U.S. military carried out a "precision" strike on a vessel in the Gulf of Oman that failed to follow its instructions and was carrying oil from Iran, it said, while India said three Indian seafarers were missing after the attack on the tanker.The U.S. began a blockade of Iran-related shipping on April 13 after Iran severely curtailed shipping through the Strait of Hormuz, a major global oil and gas route.The U.S. military's Central Command (Centcom) said a U.S. aircraft "fired…

Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures LCOc1 were up 25 cents, or 0.27%, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude CLc1 was up 23 cents, or 0.26%, to $88.43 a barrel.Prices traded higher earlier on renewed strikes between the U.S. and Iran, before retreating towards the previous session's close.Global stock draws are underpinning prices…

Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities.Brent crude futures LCOc1 were down $1.33, or 1.4%, at $92.92 a barrel at 0741 GMT, while U.S. West Texas Intermediate CLc1 declined $1.73, or 1.9%, to $89.57 a barrel.The market has been here before, said PVM Oil Associates analyst Tamas Varga…

Hong Kong-listed provider of offshore, marine and clean energy technologies CM Energy has unveiled the design of its Meridian Class commissioning and service operation vessel (CSOV).The Meridian Class has been developed to meet growing demand for offshore support vessels, and is suitable for commissioning, operations, maintenance and major component exchange campaigns in the offshore wind sector.Designed to North Sea standards, the vessel platform aims to provide offshore wind developers…

Sallaum Lines has taken delivery of two new Pure Car and Truck Carriers (PCTCs), the MV Ocean Express and MV Ocean Navigator, in the largest single-day milestone of its Ocean Class fleet expansion program.The vessels were built by China Merchants Jinling Shipyard (Jiangsu) and are registered under the Cyprus flag.Each vessel has a cargo capacity of 7,400 car equivalent units (CEU) across 13 cargo decks and is designed to transport passenger vehicles, commercial trucks, SUVs, rolling…

A bulk carrier managed by Wallem Group has rescued two Filipino fishermen from a sinking fishing boat near the Babuyan Islands off the Philippines while on a voyage from Australia to Vietnam.The vessel was carrying 80,000 tonnes of coal from Abbot Point, Australia, to Cam Pha, Vietnam when the crew spotted a distressed fishing boat at about 08:35 local time in May.According to Wallem, the fishermen were waving for assistance as their vessel encountered difficulties.Under the direction of the ship's master, the bulk carrier stopped and launched its rescue boat.

Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier.Brent crude futures LCOc1 rose $4.42 or 4.47% to $97.15 a barrel as of 0609 GMT, while U.S. crude futures were up $4.07 or 4.50% at $94.61 per barrel.Israel said on Monday it hit a petrochemical plant in Iran's southwest, along with strikes elsewhere on military targets. That's despite U.S. President Donald Trump reportedly telling…

Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion.Brent crude futures LCOc1 fell 24 cents, or 0.25%, to $94.79 a barrel by 0704 GMT after settling down 2.84% in the previous session.U.S. West Texas Intermediate crude CLc1 was at $92.48 a barrel, down 56 cents, or 0.6%, following a 3.1% loss on Thursday.Both contracts are set to post their first weekly gain in three weeks…

The Arab Shipbuilding and Repair Yard Company (ASRY) has completed its 200th offshore rig project following the delivery of the VALARIS 250 (Bob Palmer) offshore rig project.The milestone was marked during a ceremony attended by executives and officials from ASRY and representatives from Valaris.ASRY said the VALARIS 250 belongs to the Gorilla Class category of offshore rigs, which it described as among the largest offshore rig designs currently operating worldwide.The project recorded more than 700…

Northern Lights JV has awarded a consortium comprising Kawasaki Kisen Kaisha (“K" LINE) and Malaysia's MISC Berhad a time charter contract for a newly built 12,000 cubic meter liquefied CO2 (LCO2) carrier, supporting the expansion of Europe's carbon capture and storage (CCS) infrastructure.The award follows Northern Lights' January 2026 announcement of four additional CO2 carriers to support planned capacity expansion. The latest contract marks the second vessel awarded to the “K” LINE-MISC consortium.The vessel will be constructed by Dalian Shipbuilding Offshore.

Loading of a Taiwan-bound LNG tanker at the Inpex-operated 1605.T Ichthys plant in Australia has been delayed after a limited strike by workers disrupted operations at the terminal, according to the union and shipping data.The delay highlights supply risks from the facility that accounts for about 10% of LNG output in Australia, currently the world's second-largest producer of the super-chilled fuel after the U.S.-Israeli war with Iran damaged facilities in Qatar and drove up…

MSC Mediterranean Shipping Company (MSC) has confirmed that its container vessel MSC Sariska V was struck by two projectiles while departing the port of Umm Qasr in Iraq on June 1, though no crew members were injured.According to the company, the first projectile hit the vessel while a pilot was onboard during departure from the port, while a second struck the crew accommodation area shortly afterwards.MSC said all crew members were safe and unharmed and that the vessel and its…

SBM Offshore and Solstad Offshore have formed a joint venture that has entered into a letter of intent with a shipyard for the construction of a multi-purpose deepwater installation and construction vessel, with delivery targeted in the first half of 2029.The vessel will be owned by a joint venture in which Solstad Offshore will hold a 50.1% stake and SBM Offshore 49.9%. Solstad Shipping will act as ship manager, while SBM Offshore will charter the vessel for its own projects.

Cambodia said on Tuesday it had launched a compulsory conciliation process under international law aimed at resolving a long-running maritime boundary dispute with Thailand and had informed the United Nations and Bangkok.The move follows a Thai government decision last month to unilaterally terminate a 2001 agreement with Cambodia that provided a framework for negotiations over the disputed area in the Gulf of Thailand where the two countries' maritime claims overlap."We have taken this step to protect Cambodia's sovereignty and maritime rights in accordance with international law…

Oil prices trended lower on Tuesday following the previous session's sharp gains as the market remained cautious about progress in U.S.-Iran peace talks.U.S. President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news agency reported earlier that Tehran had suspended indirect negotiations with Washington.Brent crude futures LCOc1 lost 53 cents, or 0.56%, to $94.45 a barrel at 0649 GMT, while U.S. West Texas Intermediate CLc1 fell 56 cents, or 0.61%, to $91.60 a barrel.Both benchmarks rose more than 5% in the previous session…

Oil prices rose more than 3% on Monday after Iran and the U.S. traded strikes and Israel ordered troops to move further into Lebanon in its battle with Tehran-backed Hezbollah.U.S. crude futures CLc1 rose $2.88 or 3.3% to $90.24 a barrel as of 0701 GMT. Brent LCOc1 futures rose $2.78 or 3.05% to $93.9 a barrel.The fighting, after Washington hosted Israel-Lebanon peace talks on Friday, dimmed hopes that the U.S. and Iran could soon announce an extension to their ceasefire, which had driven Brent and WTI to settle down 1.8% and 1.7%, respectively, on Friday.The U.S.

DEME, through its Japanese joint venture Japan Offshore Marine (JOM), has secured a contract for the Oga–Katagami–Akita Offshore Wind Project, covering engineering work and vessel charter services for the offshore installation of 21 wind turbines.The contract forms part of an agreement between Oga Katagami Akita Offshore Green Energy and Penta-Ocean Construction.JOM will install 21 Vestas V236-15 MW turbines, marking the first deployment of 15 MW-class wind turbines in Japan and the first application of turbines of this size outside Europe…