Maritime News
Latest updates from the maritime industry
4278 articles found
Holland America Line Expands Norway Fjord Access with Enhanced 2027 Itineraries
Holland America Line is updating five itineraries for 2027 to offer deeper access to Norway's iconic fjord landscapes, including the UNESCO-listed Nærøyfjord region.
By MGN Editorial
Strait of Hormuz Tensions Persist as LNG Carrier Struck and Stranded Tankers Begin to Move
A Qatari LNG vessel was hit by a projectile near the Omani coast while exiting the Strait of Hormuz, even as two stranded Japanese-owned supertankers carrying Saudi crude began transiting the waterway, signalling continued volatility in one of the world's most critical energy chokepoints.
By MGN Editorial
Saipem Secures $2 Billion FPSO Contract for Eni's Indonesia Kutei North Hub Development
Italian energy services contractor Saipem has been awarded a major $2 billion EPCI contract for a floating production, storage and offloading vessel in Indonesia, reinforcing the company's position in the Asia-Pacific offshore energy sector.
By MGN Editorial
Drift Energy Secures $500m Framework to Deploy 50 Wind-Powered Hydrogen Production Vessels
UK startup Drift Energy has entered an exclusive capital and project framework with Commenda Capital Partners targeting more than $500m in project-level investment to roll out at least 50 wind-powered hydrogen production ships.
By MGN Editorial
Maritime Industry Briefing: Gulf Coast Industrial Expansion and Energy Storage Developments
Mat Tech Industrial Services expands its Gulf Coast footprint with the acquisition of Hook Set Transportation, while Inovance Technology showcases next-generation energy storage solutions aimed at supporting the net-zero transition.
By MGN Editorial
Tanker Struck by Projectile Near Strait of Hormuz in Latest Regional Security Incident
A tanker was hit by an unknown projectile east of the Strait of Hormuz late Monday, sparking a fire aboard the vessel in what marks the latest security incident in one of the world's most critical maritime chokepoints.
By MGN Editorial
Reserve Replacement Rises Up the Upstream Agenda as Oil Majors Face Production Cliff by 2040
A new industry analysis warns that as many as 80% of the world's largest oil companies face significant production decline by 2040, placing reserve replacement at the centre of energy security and transition planning.
By MGN Editorial
GMS Eyes U.S. Sanctions License as Legal Framework for Shadow Fleet Decommissioning
Global Marketing Systems says a U.S. government license permitting the recycling of four sanctioned vessels could establish a long-awaited legal pathway for retiring shadow fleet tonnage in compliance with international regulations.
By MGN Editorial
Maritime Industry Briefing: IMO Security Agenda, Engine Room Risks, and Lockheed's $3.45B Undersea Defense Acquisition
This week's maritime briefing covers the IMO Council's 137th session focused on security threats in the Strait of Hormuz, persistent machinery failure risks flagged in the latest Allianz safety review, and Lockheed Martin's major move into undersea warfare technology.
By MGN Editorial
Costa Rica Trade & Investment Summit to Draw 400+ International Buyers and Investors
Costa Rica's largest international business event is set to connect global buyers and investors with the country's export sectors and investment opportunities, with potential implications for regional trade and maritime logistics.
By MGN Editorial
Karoon Energy Boosts Brazil Offshore Output Through Well Intervention, But Costs Rise
ASX-listed Karoon Energy has recorded higher oil production at its Brazilian offshore field following rig-based well intervention work, though the programme came in above initial cost expectations.
By MGN Editorial
Vistra Schedules Q2 2026 Earnings Release for August 7
Energy company Vistra has announced it will report its second quarter 2026 financial and operating results on August 7, 2026, via a live conference call and webcast.
By MGN Editorial
Maritime Briefing: Hormuz Shuttle Trade Mints Fortunes as Panama Canal Tightens Draft Limits
A tanker operator is capitalising on covert Gulf crude flows through the Strait of Hormuz, while the Panama Canal Authority moves to further restrict vessel drafts amid a strengthening El Niño.
By MGN Editorial
Montgomery Lawsuit Set to Return to Illinois Federal District Court
The high-profile Montgomery case is expected to be remanded back to the Illinois federal district court where proceedings originally began, according to FreightWaves.
By MGN Editorial
OPEC+ Coalition Accelerates Output Increases as Energy Markets Eye Supply Outlook
Seven key OPEC+ member nations have agreed to further adjust production cuts, signalling a measured but deliberate move to increase global oil supply while retaining flexibility to reverse course if market conditions deteriorate.
By MGN Editorial
Maritime Industry Briefing: Sustainable Materials Innovation and Economic Indicators — July 2026
This week's briefing covers a green chemistry breakthrough in biodegradable materials with potential maritime applications, alongside broader economic data signalling continued services sector expansion.
By MGN Editorial
Fincantieri Accelerates Underwater Technology Strategy with Four Strategic Acquisitions
Italian shipbuilding giant Fincantieri has completed four acquisitions in the underwater technology sector, strengthening its position across subsea security, energy infrastructure, and ocean data services.
By MGN Editorial
Equinor Takes Full Control of $10 Billion Canadian Offshore Project as BP Exits; Nexans Secures Low-Carbon Aluminium Supply Deal
Equinor moves to sole ownership of a major Newfoundland offshore oil development following BP's exit, while Nexans locks in a five-year low-carbon aluminium supply agreement with Hydro in a signal of the offshore sector's continued decarbonisation push.
By MGN Editorial
Maritime Industry Briefing: IMO Demands Seafarer Release as Maersk and Hapag-Lloyd Expand Suez Canal Return
The IMO Secretary-General has issued an urgent call for the release of 44 seafarers held by Somali pirates, while Maersk and Hapag-Lloyd signal growing confidence in Red Sea security with an expanded Suez Canal routing.
By MGN Editorial
Shell Secures LNG Supply Agreement with Vietnam's PV Gas Amid Growing Southeast Asian Energy Demand
Shell Eastern Trading has signed an LNG supply agreement with Petrovietnam Gas Joint Stock Corporation (PV Gas), reinforcing the energy major's position in Southeast Asia's rapidly expanding liquefied natural gas market.
By MGN Editorial