Saudi Crude Supply to China Remain at Record Low in July
Saudi Arabia's crude oil sales to China are expected to stay at record lows in July as elevated prices in the wake of the U.S.-Israeli war on Iran continue to weigh on demand from the world's largest crude importer, sources familiar with the matter said.The allocations, closely watched by market participants as a gauge of Chinese demand, indicate that refiners remain reluctant to import high-priced…
Siemens Gamesa CEO: Wind Turbine Cutbacks Likely if Offshore Expansion Falters
Siemens Energy on Thursday warned of possible wind turbine capacity cuts in Europe if governments fall behind in efforts to expand offshore power, saying a lack of determination could become an "existential threat" to the industry.The comments by one of Europe's biggest industrial firms reflect growing concerns about the future of the continent's manufacturing capabilities, which have come under intense pressure from high energy costs and Asian competitors.Europe is currently facing delays in it
US Confirms Third Strike This Week on Indian-Crewed Tankers
A U.S. jet fired two missiles into the engine room of the tanker Jalveer off Oman on Thursday, U.S. Central Command confirmed, as authorities said the 20 crew members were safe after the third strike on Indian-crewed tankers this week.Three Indian sailors died in a U.S. strike on the Settebello tanker off Oman a day earlier."A U.S. aircraft fired two Hellfire missiles into the ship’s engine room after the crew repeatedly failed to comply with directions from U.S.
USMMA Honors Top Graduates of Class of 2026
The United States Merchant Marine Academy (USMMA) announced its valedictorian and salutatorian for the Class of 2026, recognizing two midshipmen who have demonstrated exceptional academic achievement, leadership, and perseverance throughout their time at Kings Point.Midshipman John Walter Smolenski, a Maritime Logistics and Security major from Colonia, New Jersey, has been named valedictorian, graduating with a 3.87 GPA.
Rotterdam Study Outlines Port Calls for Nuclear-Powered Commercial Vessels
A new joint study using the Port of Rotterdam as a case study “Enabling Nuclear-Powered Feeder Ships: A Joint Development Project on Port Call Feasibility and Regulatory Pathways” has found that existing port safety and risk-management frameworks could provide a credible starting point for assessing nuclear-powered commercial ship calls within a major European port environment.The desktop study, carried out through a joint development project involving Lloyd’s Register…
NEPTUN WERFT Delivers Two River Cruise Ships to Viking
In Basel today, June 11, 2026, NEPTUN WERFT officially delivered the river cruise ships Viking Annar and Viking Fjolvar to Viking. The technical handover of the vessels by the project management had already taken place yesterday, June 10, in Lelystad in the Netherlands.At 135 meters, the Viking Annar is a vessel of the Longship series. It accommodates 190 passengers and 53 crew members and operates on the Rhine, Main, and Danube rivers.
European FIT-HORIZONS Project Aims to Decarbonize Existing Fleet
A new European partnership is set to help shipping companies navigate one of the industry's biggest climate challenges: how to decarbonize the existing fleet quickly, safely, and cost-effectively.The new FIT-HORIZONS project is bringing together 19 leading maritime companies, researchers, universities, software developers, and technology providers from across Europe to develop an intelligent and flexible…
BIMCO Adopts Biofuel Clause to Address Shipping Industry Challenges
BIMCO has adopted a Biofuel Clause for Time Charter Parties to address legal and operational challenges as the use of low-carbon fuels in shipping increases.As the shipping industry decarbonizes, regulatory frameworks reshape companies’ fuel strategies. The integration of biofuels into charter party agreements is complex, however, and often raises questions around fuel quality, engine compatibility and liability.
ASRY Further Strengthens European Presence at Posidonia 2026
The Arab Shipbuilding and Repair Yard Company (ASRY), a leading industrial maritime hub, took part in the "Posidonia 2026" exhibition held in Athens, Greece, June 1-5. The exhibition provided ASRY with a platform to showcase its integrated services and specialized maritime solutions across different sectors of the industry, while also strengthening engagement with key clients, strategic partners, decision-makers, and representatives of global shipping and maritime operators.
ABS, HHI Team to Develop U.S.-Flag Tanker
ABS and HD Hyundai Heavy Industries Co., Ltd. (HD HHI), signed a joint development agreement to support the development of a U.S.-flagged 50,000 DWT oil and chemical tanker.Under the agreement, ABS will review the HD HHI design in accordance with ABS Rules and U.S. Coast Guard requirements.“From the first 100,000 DWT tanker to today’s most advanced tanker designs, ABS has provided owners and operators with the insight and guidance they need to achieve their goals, always with a focus on safety.
VARD inks deal to Build Fishing Vessel for Rosund
VARD, the Norwegian shipbuilding subsidiary of Fincantieri, won a contract to design and build an advanced fishery vessel for Norway’s Rosund Drift AS.The newbuild will be based on the VARD 8 02 design, tailored for modern offshore fishing operations, supporting both bottom trawling and mixed fisheries while emphasizing gentle catch handling, high product quality and reduced environmental impact.A key focus of the vessel is sustainability.
Three Indian Sailors Die After US Strike Tanker off Oman
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.
Three More LNG Tankers Transit via Strait of Hormuz
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…
From Oil Importer to Export Leader: US Tops Global Oil Shipments
The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes global energy trade.America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on Middle Eastern oil for decades and suffered from an oil embargo imposed by some OPEC members in 1973 to retaliate against U.S.
Hormuz Reopening Could Trigger OPEC’s Next Big Challenge
Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market.The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas flowed before the conflict – have sharply diminished output from the Organization of the Petroleum Exporting…
Taiwan Says Sovereignty Cannot be Violated
Taiwan's maritime sovereignty cannot be "violated" by Chinese efforts to create a false impression of jurisdiction, the island's coast guard said after China ended a patrol off its eastern shores.China, which claims democratically governed Taiwan as its own territory, was angered after Japan and the Philippines said last month they would begin formal talks on their maritime boundaries, viewing that as involving waters off Taiwan.Late on Saturday…
Oil Rises $2 as Iran Announces Closure of Strait of Hormuz
Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. launched additional strikes against Iran.Brent futures LCOc1 rose $2.30, or 2.47%, to $95.40 a barrel, while U.S. West Texas Intermediate (WTI) CLc1 crude climbed $2.60, or 2.89%, to $92.63. U.S. crude futures gained more than $3 earlier in the session.Iran's top joint military command announced the closure of the Strait of Hormuz on Thursday…
Record High Bunker Oil Price Difference Between Asia and Europe
New analysis from Danish Shipping Companies shows that the price difference for bunker oil in Singapore and Rotterdam set a new record in the spring of 2026. The difference hit $362 per ton in mid-March, with price shocks hitting Asia much harder than in Europe.In a recently published analysis, Danish Shipping Companies has looked at the price development in VLSFO bunker prices (0.5% sulfur) in Rotterdam and Singapore from September 2019 to May 2026.
Royal Caribbean Welcomes Legend of the Seas
Royal Caribbean has officially welcomed Legend of the Seas. After nearly two years of construction at the Meyer Turku shipyard in Turku, Finland, the third Icon Class ship is now ready to make its July 2026 European debut.To mark the milestone, more than 1,200 crew members and partners came together for a legendary ceremony led by Royal Caribbean Group Chairman and CEO Jason Liberty, Royal Caribbean President and CEO Michael Bayley…
Trump Threatens to Attack Iran, Claims Oil Has Been Transported Through Hormuz
U.S. President Donald Trump said on Wednesday that the United States will attack Iran if no peace deal is secured and that the U.S. military secretly escorted ships carrying more than 100 million barrels of oil out of the Strait of Hormuz."We're going to be attacking them, attacking them very hard," Trump told reporters at the White House. He said the U.S. would strike Iran on Wednesday, in response…
