Euro Zone Bond Yields Drop as Iran Considers Reopening Hormuz
Euro zone bond yields fell for a second straight day on Tuesday, hitting their lowest in almost two weeks after Iran raised the prospect of reopening the Strait of Hormuz and Washington hinted it could restart talks with Tehran, pushing oil prices lower.Germany's 10-year bond yield, the benchmark for the bloc, fell 1 basis point to 3.44% after rising as much as 4 bps earlier in the session. It fell 7 bps on Monday as energy prices retreated.A senior Iranian official told Reuters that the strait…
Saudi Arabia Denies Iraqi Claim of Buying 25 Oil Tankers
Saudi Arabia on Tuesday denied an Iraqi claim that it had bought 25 oil tankers, saying the information was inaccurate, after Iraq linked the alleged purchases to a sharp increase in the cost of shipping its crude.Iraqi Oil Minister Basim Mohammed told a parliamentary session that Saudi Arabia had bought 25 oil tankers worth an estimated $4.5 billion and said the purchases were behind a steep rise in the cost of transporting Iraqi oil.
Trading Firms Push for Discounted Venezuelan Oil Amidst High Shipping Costs
Global oil trading firms Vitol and Trafigura are pushing for steeper discounts on Venezuelan crude oil as rising freight rates shrink their margins, five sources familiar with the matter said.The two merchant houses have been among the biggest winners in a race to control Venezuela's crude flows since the US captured then-President Nicolas Maduro in January and began pushing to reactivate the country's oil sector.They now sell and ship more than half of the OPEC member's exports…
Neoliner Origin Makes First Call in Belgium
NEOLINE and CMA CGM announced that Neoliner Origin completed her first call at PSA Zeebrugge on Monday, September 21, 2026. The call marked both the vessel’s first visit to Belgium and the addition of Zeebrugge to NEOLINE’s regular transatlantic service.Neoliner Origin is a 136-metrerroll-on/roll-off cargo vessel designed to use wind as its main source of propulsion, complemented by an auxiliary diesel-electric system.
Synergy Marine Group, Cochin Shipyard Sign MoU to Initiate Collaboration
Synergy Marine Group and Cochin Shipyard Limited (CSL) have signed a memorandum of understanding to jointly pursue shipbuilding, repair and conversion projects in India. The MoU was signed by Ajay Chaudhry, Co-CEO Ship Management of Synergy Marine Group, and Rajesh Gopalakrishnan, Director (Technical) of CSL, in the presence of Jesper Kristensen, Group CEO of Synergy Marine Group, and Jose V J, Chairman…
Swan Defence and Heavy Industries More Than Doubles Workforce in 18 Months
Swan Defence and Heavy Industries Limited (SDHI), India's shipbuilding and heavy fabrication company, has more than doubled its workforce over the past 18 months. Backed by a rapidly growing order book, SDHI is targeting over 550 additional hires across white-collar and blue-collar roles by March 2027. The shipyard is actively strengthening its teams across newbuild, repair, and refit operations, including project management, design, supply chain management, heavy fabrication, and civil works.
SUBCO Announces Three New Subsea Cables
SUBCO announced three new hypercables; APX North, APX East-2 and APX West, cementing demand for new subsea capacity to support AI-driven growth in the region. APX North, a 9,500 km, 24 fiber pair system, will connect Sydney to Japan via Guam. This will be the first hypercable from Australia directly to the interconnection hub of Guam, and the first system to offer direct connectivity between Japan and Australia.
HD HHI, HD KSOE Receive AIP for for Bunker Vessel Capable of Supplying Ammonia Fuel
ABS has awarded HD Hyundai Heavy Industries (HD HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) approval in principle (AIP) for the basic design of a 22,000 CBM bunkering vessel capable of supplying ammonia as marine fuel.Announced at Gastech 2026, the approval is the result of a joint development project initiated earlier this year. ABS reviewed the design’s general arrangement, machinery arrangement…
International Propeller Club of Norway Partners with Höegh Autoliners
The International Propeller Club of Norway announced a new partnership with Höegh Autoliners, strengthening the Club’s growing engagement with leading companies across the Norwegian and international maritime community.The partnership was marked during the opening reception of New York High-Level Week and New York Climate Week, held at the Royal Norwegian Consulate General in New York. The signing brought together Andreas Enger…
Crowley Expands Career Opportunities for Students in Puerto Rico
Crowley and Junior Achievement Americas (JAA) are expanding career opportunities for students in Puerto Rico, helping connect young people with careers in maritime transportation, logistics and supply chain management vital to the island's economy.The collaboration pairs Crowley's industry expertise with JAA's readiness programs, helping students explore career paths, develop workplace skills and understand…
Oil Drops as Hormuz Reopening Prospects Ease Supply Concerns
Oil prices fell to a two-week low on Tuesday as prospects for Gulf supplies improved, with Iran signaling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume exports from its Red Sea port of Yanbu.The Brent crude futures LCOc1 November contract was down $2.11, or 2.1%, to $98.23 a barrel at 1151 GMT.The WTI CLc1 October contract, which expires on Tuesday, lost $2.48, or 2.59%, to $93.30 a barrel.
Caribbean Basin Crude Oil Exports Jump 45%
"Caribbean Basin have year-to-date increased by 234 million barrels year-on-year according to data from Signal Ocean. This is equal to an additional 880k barrels per day, and a 45% jump compared to 2025,“ says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Adjusting for an increase in barrels transhipped via the Bahamas, we estimate that exports from the Caribbean Basin so far have added 210 million new crude oil and heavy product barrels. The increase equals 790k barrels per day.
Saudi Defense Fund Steps Up Maritime Investment After Houthi Advance
Saudi Arabia's first defence-focused venture capital fund, MASNA Ventures, is seeking to plough more money into local manufacturing of US and allied defence technology as conflict in the Gulf exposes the region's military gaps.The fund, anchored by a prominent Saudi family office and sharia-compliant, has asked the Capital Markets Authority to raise its capacity to $150 million from $100 million, General Partner Lucien Zeigler told Reuters.Committed capital so far includes only Saudi nationals…
Singapore Leads Rescue of 25 Crew from MSC Container Ship
All 25 crew members of the Liberia-registered container vessel MSC HERMES III were rescued after abandoning the ship in a lifeboat about 300 km east of Vietnam, Singapore's Maritime Rescue Coordination Centre (MRCC) said.MRCC Singapore received a distress alert at about 8:45 a.m. Singapore time on September 22 while the vessel was within Singapore's Maritime Search and Rescue Region.It immediately broadcast a request for nearby vessels to provide assistance…
Saudi Gulf Oil Exports Pick Up After Pipeline Attack
Saudi Aramco loaded about 14 million barrels of crude oil on seven VLCCs inside the Mideast Gulf on Sunday, data from TankerTrackers.com showed, as the kingdom increased loadings from Gulf export terminals after an attack disrupted shipments via its east-west pipeline to the Red Sea.The loadings add to signs of a partial recovery in Saudi shipments, with expectations of higher volumes weighing on oil…
Houthis Fight to Cut Off Red Sea After Trump Calls Off Strike
Houthi fighters pushed to seize strategic heights in Yemen on Monday to cut off the Red Sea coast from remaining areas held by Saudi-backed forces, after a report that President Donald Trump had called off US strikes on the group at the last minute.A lightning advance by the Iran-backed group this month has extended the wider Middle East conflict to a new theatre and further threatened global energy supplies.
Xeneta Shares Weekly Ocean Container Shipping Market Update
The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter Sand, Xeneta Chief Analyst.Data highlightsMarket average spot rates – 17 September 2026:Far East to US West Coast: USD 7,960 per FEU (40ft container)Far East to US East Coast: USD 11,259 per FEUFar East to North Europe: USD 4…
Jan De Nul Orders Second Subsea Trenching Vessel
Jan De Nul has ordered a second trenching support vessel designed to bury subsea energy cables as it expands its fleet for cable installation and protection.The new vessel will be an exact sister ship to the Isambard K. Brunel, which Jan De Nul ordered in March, and will carry a subsea trencher capable of burying cables as deep as five metres into the seabed.The latest order takes the number of new vessels Jan De Nul has under construction for subsea cable installation and protection to five…
Dong Fang Takes Delivery of Newbuild SOV, Orders Another from Vard
Vard has delivered Dong Fang Offshore's first newbuild, the Orient Inspirer service operation vessel (SOV), two months ahead of schedule, while the company has approved an order for another vessel from the Norwegian shipbuilder valued at up to $86 million.The Orient Inspirer, previously known as newbuild NB 987, was delivered from Vard Vung Tau in Vietnam following a ceremony on September 16 and is…
Jinhui Shipping Orders Two Bulk Carrier Newbuilds
Hong Kong-based Jinhui Shipping and Transportation has ordered two 64,500-dwt bulk carriers from Jiangmen Nanyang Ship Engineering for a combined $71.4 million as part of a fleet renewal and expansion program.Two wholly owned Jinhui subsidiaries signed separate shipbuilding contracts on September 21, each valued at $35.7 million.The first vessel is scheduled for delivery by August 31, 2029, followed by the second by September 30, 2029.
