GONDAN Launches Its Largest-Ever Vessel Built for Østensjø Rederi
Spanish shipyard GONDAN Shipbuilders has launched a 120-metre Ocean Energy Support Vessel (OESV) for Østensjø Rederi, the largest vessel built by the shipyard to date.The C513 OESV was launched at GONDAN's Figueras facility and will now undergo final outfitting and sea trials ahead of scheduled delivery in late 2027.Designed by Salt Ship Design, the vessel has a beam of 23 meters and is intended for operations including walk-to-work personnel transfers…
Deadly Cargo Ship Fire Kills 25 at China Shipyard
Twenty-five people died in a fire aboard a foreign cargo vessel undergoing repairs at a state-owned shipyard in the eastern Chinese city of Qingdao on Thursday, state media reported.The fire broke out at about 11:15 a.m. (0315 GMT) at the Qingdao Beihai shipyard during repair and inspection works, state-run Xinhua said. Of the 42 people onboard, 12 were evacuated safely and five were injured and hospitalised.The blaze was extinguished by early afternoon…
Houthi Forces Reach Perim Island, Raising Red Sea Shipping Threat
Yemen's Iran-aligned Houthis on Friday reached the strategic island of Perim in the Bab el-Mandeb Strait, four Yemeni government sources told Reuters, potentially tightening their grip on one of the world's vital shipping routes and further increasing the threat to energy markets in the widening Middle East war.Earlier, two sources from the Saudi-backed, internationally recognised Yemeni government…
Boskalis’ Windpiper Starts Maiden Job at Polish Wind Farms
Boskalis’ recently commissioned Windpiper subsea rock installation vessel has started its maiden project at the Bałtyk 2 and Bałtyk 3 offshore wind farms in the Baltic Sea, placing its first rocks to protect the projects’ export cables.The 227-meter-long vessel loaded nearly 45,000 tons of rock in Norway following its christening in July before sailing for the installation campaign.Boskalis said the load represents a record cargo…
GEOS’ Energy Paradise PSV to Stay with Peterson into 2027
Golden Energy Offshore Services (GEOS) said Peterson has exercised a further well option for the platform supply vessel (PSV) Energy Paradise, extending its firm employment into early 2027.The option has an anticipated duration of about 100 days and an estimated contract value of $3.4 million.Energy Paradise is currently working under an existing well program expected to finish around mid-October 2026.
Houthi Advance Toward Bab el-Mandeb Raises New Shipping Threat
Yemen's Iran-aligned Houthi militants have seized control of the historic port city of Mocha, four government military sources said, ina strategic shift that could threaten the Bab el-Mandeb Strait, one of the world's most important shipping routes.Fighting between the Houthis and Saudi-backed government forces has intensified in recent days, with the militant group shifting its focus to control over Yemen's long coastline instead of just the north…
Iran Waives 10% Levy to Ease Foreign Energy Shipping
Iran has suspended a 10% charge on freight fees for foreign vessels carrying imported or exported oil, gas and liquid petroleum products to and from Iran, the semi-official Fars news agency reported on Thursday.A U.S. naval blockade has sharply disrupted the country's seaborne oil exports.(Reuters - Reporting by Dubai Newsroom; Editing by Alex Richardson)
NATO Allies Disrupt Russian Subsea Cable Sabotage Exercise
Deep in Arctic waters near the remote Svalbard archipelago this spring, NATO allies caught Russian subs training to unleash a secret weapon designed to disable critical undersea cables without leaving any fingerprints.The clandestine Russian operation, described to Reuters by two Western officials, was carried out by Moscow's GUGI undersea warfare directorate, which used deep-sea submersibles to simulate…
Brent Crude Oil Prices Rise Above $100/Barrel
Brent crude futures breached $100 a barrel on Wednesday for the first time since late July after Iran and the U.S. struck tankers in the biggest wave of attacks on shipping since the war began, threatening to worsen the ongoing impairment of energy supplies from the Middle East.Front-month Brent crude futures were up $3.04, or 3.1%, at $100.95 a barrel as of 1:39 p.m. EDT (1739 GMT), after touching a high of $101.58. U.S.
WTO: Global Goods Trade Strengthens Despite Uneasy Politics
Global trade in goods has strengthened from June despite geopolitical and policy-related uncertainties, the World Trade Organization said on Wednesday, signaling resilience in merchandise flows even as risks remain elevated.The September reading of the WTO's barometer tracking merchandise trade growth was 102, an improvement from the June barometer of 101.7, with growth remaining above trend.The WTO publishes its Goods Trade Barometer four times a year.
US Court Reverses NJ permit for Williams NESE Natural Gas Pipeline
The U.S. Third Circuit Court of Appeals reversed a key New Jersey water permit for U.S. energy company Williams Cos' long-delayed Northeast Supply Enhancement (NESE) natural gas pipeline project in Pennsylvania, New Jersey and New York.The court said in a ruling on Tuesday that it granted petitions by environmental groups, vacated the Water Quality Certification and remanded the case to the New Jersey Department of Environmental Protection (NJDEP).“Following the Third Circuit's decision…
Iraqi Oil Tanker Hit Amidst US-Iran Attacks
A tanker carrying about 2 million barrels of Iraqi fuel oil was struck by a drone in Iraqi territorial waters on Wednesday, port officials said, and British navy-affiliated UKMTO reported that several merchant vessels in the Gulf had been hit by disabling fire overnight.A fire broke out aboard the Panama-flagged oil tanker New Andros after it was hit in Iraqi waters at around 6 a.m. (0300 GMT) on Wednesday…
US, Iran Strike Oil Tankers in Biggest Attack Wave Since War's Start
Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war.The attacks sent the price of oil surging, with benchmark Brent crude LCOc1 futures breaching $100 a barrel for the first time since July. At least one seafarer aboard…
Iran Strikes Back After US Military Destroys Five Oil Tankers
The Middle East war intensified on Tuesday with Iranian-backed Houthis in Yemen launching strikes on several Saudi cities, further embroiling a U.S. ally in the conflict, while U.S. forces hit multiple Iranian oil tankers and Iran targeted a U.S. base in Jordan.The Houthis attacked four cities in the south of Saudi Arabia, wounding 73 people and setting oil installations ablaze in what appeared to…
Wheat Prices Rise After US Diplomatic Attempts Falter
Chicago wheat futures jumped on Tuesday as hopes faded for a U.S. diplomatic effort to end the war in Ukraine, which has disrupted Black Sea grain shipments, analysts and traders said.Corn and soybean futures chopped up and down as traders adjusted positions ahead of Friday's U.S. Department of Agriculture supply and demand report.The most-traded wheat contract on the Chicago Board of Trade was 4-3/4 cents higher to $7.38-3/4 per bushelas of 11:00 a.m. CT (1600 GMT).
Oil Prices Reach Six-Week High
Oil prices rose to a six-week high on Tuesday after Iran-backed Houthis in Yemen attacked Saudi energy facilities, setting oil installations ablaze and threatening a major expansion of the six-month-old Middle East war.Brent crude futures rose 70 cents, or 0.7%, to $97.70 a barrel at 10:56 a.m. EDT (1456 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.21, or 1.3%, to $92.69. That puts…
Greece to Buy Two Frigates From Italy
Greece finalised a deal on Tuesday for the purchase of two Bergamini class frigates from Italy, its defence ministry said, as the NATO country looks to modernise its armed forces.Greece agreed last year a plan to buy the two used Bergamini class frigates from Italy and kept an option to buy two more.Defence Minister Nikos Dendias and Italian counterpart Guido Crosetto the "implementing arrangement" in Rome, the Greek defence ministry said in a statement.It did not give the value of the transacti
73 Injured as Houthis Attack Four Saudi Cities
Yemen's Tehran-backed Houthis attacked four cities in the south of U.S. ally Saudi Arabia on Tuesday, wounding more than 70 people and setting oil installations ablaze in what appeared to be a major expansion of the six-month-old Middle East war.The Houthis, who control most of Yemen's populated areas including the capital, said they had launched a broad operation deep into Saudi territory. They used drones and missiles to strike a Saudi airbase in the southern city of Khamis Mushait…
Lumitec Enhances Poco Digital Lighting Control System
Lumitec, a designer and manufacturer of environment LED lighting solutions, has announced a new enhancement to its Poco Digital Lighting Control system, the Channel Expander Feature.This latest addition expands system flexibility and scalability, empowering boat builders, integrators, and vessel owners to manage more complex lighting configurations with ease.At the core of this update is the ability for Poco modules to communicate over a NMEA 2000-based network…
New Pacific Launches Shipbuilding Program With Two Tugboats for American Marine Corporation
New Pacific Industrial (NP) has launched its first shipbuilding program with the construction of two 122-foot American Class tugboats for American Marine Corporation (AMC) at its Vancouver, Washington waterfront facility. Designed by naval architecture and marine engineering firm Glosten, the vessels also represent American Marine's first new tugboat construction as the company marks 50 years in business.Glosten is providing the vessel design and engineering package based on its CT-120…
