As Global Stockpiles Dry Up, US EIA Rises Oil Price Forecast
The US Energy Information Administration raised its oil price forecast for this year and next year on Tuesday, as global stockpiles fall rapidly and diesel markets remain tight due to the ongoing Iran war.Attacks on Saudi Arabia's East-West Pipeline, a key export route for one of the world's largest oil producers, underscore the risk of further disruptions to physical oil flows and prices, the EIA said in its Short-Term Energy Outlook.At the same time…
Germany Plans to Buy Four More TKMS Frigates
Germany plans to buy four more Meko A-200 frigates from shipyard TKMS for about €5.6 billion ($6.3 billion), a finance ministry document seen by Reuters showed on Tuesday, with parliamentary budget committee approval expected on Thursday.The purchase follows a decision by Defence Minister Boris Pistorius to scrap the rival F126 frigate project with Dutch shipbuilder Damen over delays and cost overruns.Here are more details from the document…
Drone Strike Sinks Vessel Off Bulgaria Coast
The crew of a merchant ship was missing on Tuesday after the vessel sank in the Black Sea off NATO member Bulgaria following a drone strike that Prime Minister Rumen Radev described as a gross violation of international law.It was not immediately clear who carried out the attack by air and sea drones about 70 miles (112 km) off the coastal town of Byala in eastern Bulgaria, but there are growing concerns…
Marlink, TXOne Networks Partner to Strengthen Maritime Cyber Resilience
Marlink, a provider of managed services for business-critical digital solutions, has entered into a partnership with TXOne Networks, a provider of cyber-physical systems and operational technology security, to strengthen cyber resilience across maritime and industrial operations.The partnership brings together Marlink's expertise in managed cybersecurity, connectivity, network and cloud services with TXOne Networks' purpose-built Operational Technology (OT) security capabilities.
AYK Energy to Supply Batteries to Four New Electric Tugs
Battery manufacturer AYK Energy has announced further growth in the workboat industry after striking its latest deal with Kongsberg Maritime to supply batteries for four new fully electric Svitzer TRAnsverse tugs.The deal builds on five previous Svitzer hybrid electric tug projects AYK has worked on. The vessels are being built at the Cochin Shipyard in India and will see each tug equipped with an ABS-certified 4…
Wärtsilä to Supply 34DF Engines for 12 New CMA CGM Container Vessels
Wärtsilä will supply a total of 36 Wärtsilä 34DF dual fuel engines for 12 new 18,000 TEU container vessels being built for French operator CMA CGM at the Jiangnan Shipyard in China. The vessels will run on LNG, supporting CMA CGM’s ambition to operate lower‑emission deep‑sea container ships. The engines will be delivered through Wärtsilä’s joint venture company CWEC (Shanghai) Co. Ltd. The engine order for all 12 vessels was booked by Wärtsilä in Q1 2026.
Interferry Unveils Panel Lineups for 2026 Conference in Bangkok
Interferry has unveiled a line-up of senior leaders for the three Ferry Leaders Panels at its upcoming 50th Anniversary Conference in Bangkok, Thailand. Scheduled from October 31 to November 4, 2026, the event will bring together top executives from across the globe to address urgent operational, human, and strategic challenges facing ferry shipping.During the regular conference sessions, Interferry Chairman Götz Becker of FRS and Matteo Catani of GNV…
Normand Maximus CSV Set for $125M Ownership Transfer
Solstad Offshore has exercised an option to purchase the construction support vessel (CSV) Normand Maximus for $125 million via its subsidiary, with the acquisition scheduled to be completed in October 2027.Solstad Offshore’s subsidiary Normand Maximus declared the purchase option on October 6, 2026, under a bareboat charter agreement signed with Maximus Shipping in October 2022.The agreement gave Normand Maximus the right to acquire the vessel after five years of chartering…
MISC Names First of Three LNG Carriers for QatarEnergy
MISC has named Th’ailib, the first of three new 174,000-cubic-metre liquefied natural gas (LNG) carriers secured under long-term charter agreements with QatarEnergy, at Samsung Heavy Industries (SHI) in South Korea.Th’ailib will enter a firm 15-year charter with QatarEnergy starting in 2026, with two additional vessels scheduled for delivery as part of MISC's participation in the energy company's LNG fleet expansion programme.The three vessels form part of the second phase of the program.
RINA, PTT Team Up on Energy and Maritime Decarbonization
RINA and Thailand's PTT have signed two memoranda of understanding (MoU) to explore technologies spanning low-carbon fuels, vessel electrification, hydrogen and carbon management across the energy, industrial and maritime sectors.The agreements, signed through the PTT Innovation Institute, establish a framework for research, technical cooperation, knowledge sharing and exchange of expertise between the companies.Areas under consideration include alternative and low-carbon fuels…
Incat Crowther Joins HII on U.S. Navy ROMULUS USVs
Incat Crowther will provide naval architecture and design services to America’s largest shipbuilder HII for ROMULUS unmanned surface vessels (USVs) being built under the U.S. Navy's Medium Unmanned Surface Vessel (MUSV) program.HII has been awarded a U.S. Navy contract to build the vessels, with Incat Crowther supporting the program through its Louisiana-based team as a member of the ROMULUS project…
Lloyd’s Register Clears GasEntec’s High-Capacity FSRU Concept
Lloyd's Register (LR) has awarded Approval in Principle (AiP) to GasEntec for a floating storage and regasification unit (FSRU) concept capable of delivering up to 1 billion cubic feet of gas per day, placing it among the highest-capacity FSRU designs currently under development.The approval, presented during Gastech 2026 in Bangkok, followed LR's independent assessment of the design's technical and…
FAIRPLAY Orders Six Tugs from Sanmar Shipyards
Sanmar Shipyards will build six new tugs for FAIRPLAY Towage Group under a fleet expansion program covering vessels for harbor, escort and offshore operations, with deliveries scheduled throughout 2027 and 2028.The order comprises three Robert Allan-designed vessel classes with bollard pulls ranging from 80 to 120 tonnes. All six will feature IMO Tier III-compliant main engines, Ice Class notation…
MacGregor to Equip IWS’ Four Skywalker-Class CSOV Newbuilds
MacGregor has received an order from Nantong Rainbow Offshore & Engineering Equipment to supply motion-compensated cranes and gangways for four additional Skywalker-class commissioning service operation vessels being built for IWS Fleet.The equipment package will include three-dimensional motion-compensated cranes and MacGregor's Horizon gangway systems. The order was booked in MacGregor's fourth-quarter…
DNV Appoints New Head of Miami Cruise Center
DNV has appointed Océane King as head of its Miami Cruise Center, bringing her back to the classification society after seven years at Royal Caribbean Group, where she worked on maritime technology, fleet innovation and decarbonization.King will lead the center's work with cruise operators and industry partners across technical, environmental and operational areas.The Miami Cruise Center serves as DNV's dedicated hub for the North American cruise market…
Veson Nautical Unifies Maritime Platforms with AI Workspace
Veson Nautical has integrated Q88, Q88 Dry, VesselsValue, Shipfix Chartering & Trading and Milbros into its Veson Platform, extending its CoCaptain artificial intelligence (AI) technology across a wider range of commercial maritime workflows.The products join IMOS on a common platform foundation, allowing users to access their existing products through a single login and workspace while retaining their current subscriptions…
Disney Believe Comes to Life with a Touch of Tinker Bell Magic
Meyer Werft has laid the keel for Disney Cruise Line's new Disney Believe, placing a specially minted Tinker Bell coin beneath it as construction of the 144,000-GT cruise ship advances in Papenburg in Germany.The traditional ceremony marked the start of assembly of the vessel's second gigablock. Its first gigablock left Meyer Werft's more than 500-metre-long covered building dock in September and is…
Two Dead, 11 Rescued After Black Sea Cargo Ship Sinking
Two people have died and 11 crew members have been rescued after the Royad Mammadov cargo ship sank in the Black Sea, Romanian authorities reported, while Ukrainian President Volodymyr Zelenskyy said the vessel had been struck by Russian drones.The incident occurred on October 5 in Romania's exclusive economic zone, about 30 nautical miles south of Sfântu Gheorghe and outside the country's territorial waters…
ADNOC L&S Orders Three VLGCs for $324M
ADNOC Logistics & Services (ADNOC L&S) has ordered three 90,000-cubic-meter Very Large Gas Carriers (VLGCs) for a total investment of $324 million.The three newbuilds are scheduled for delivery in the second half of 2029, ADNOC L&S said.Upon delivery, the VLGCs will be deployed under seven-year contracts with ADNOC Global Trading.The investment is also valued at $324 million (AED 1.19 billion), according to ADNOC L&S.
Oil Industry Braces for Years of Market Disruption
Shipping bottlenecks, deep cuts in refinery output and inventory draws that could take years to replace will keep global oil prices high beyond this year, industry executives said at a conference in London on Monday.Following the start of the US-Israeli war on Iran at the end of February, Iran effectively closed the Strait of Hormuz, choking exports through one of the world's most crucial shipping bottlenecks.The impact has been compounded by attacks on oil and gas infrastructure…
