One Indian crew member was killed and eight others were wounded when two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz, the United Arab Emirates Ministry of Defence said on Tuesday, in the latest escalation in the strategic waterway.Abu Dhabi National Oil Company's shipping arm ADNOC L&S later confirmed the very large crude carriers (VLCCs) Mombasa B and Al Bahiyah were struck while transiting Hormuz and had sustained "significant damage".UAE state oil giant ADNOC has been among the most active participants in a U.S.
Daily crude loadings at Saudi Arabia's Red Sea port of Yanbu are close to maximum levels this week as tensions with Yemen's Houthi militia intensify and the kingdom seeks to maximise oil exports, according to data and industry sources.Saudi Aramco, the world's largest oil exporter, has increased use of the Yanbu terminal since the U.S.-Israeli conflict with Iran began on February 28.Saudi Arabia is also considering expanding the capacity of its oil pipeline to the western Red Sea coast, enabling the kingdom and possibly neighbours to transport more oil without crossing the Strait of Hormuz
Thyssenkrupp Steel has suspended shipping of raw materials to the western German city of Duisburg with its own vessels due to low water levels on the Rhine river, the company said on Tuesday.Thyssenkrupp Steel transports about 50,000 tons of iron ore and coal per day roughly 240 kilometres (149 miles) up the Rhine from Rotterdam to its Duisburg steel mill.Commodity traders said already on Monday that low water levels during the current heatwave were preventing cargo vessels from sailing fully loaded on the Rhine, driving up freight transport costs.
U.S. President Donald Trump on Tuesday dropped the idea of charging a 20% fee on all cargo shipped through the Strait of Hormuz, and said he would instead take trade and investment deals with the Gulf states.The change of plan comes a day after Trump proposed charging a 20% fee to guard the waterway."Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States," he said in a post on Truth Social.
GABLER, a provider of submarine systems, and German defense technology company FLANQ have successfully completed the Sea Acceptance Test (SAT) demonstrating seaworthiness of their jointly developed Torpedo-Tube-Launched Uncrewed Surface Vessel (TTL USV) capability demonstrator.The demonstrator vehicle, named Ranger, combines GABLER's experience in mission-critical submarine components and defense manufacturing with FLANQ's capabilities in autonomous maritime systems, mission software, AI-enabled autonomy and open capability architectures.
TOTE Services, LLC, has been awarded a contract by the Portfolio Acquisition Executive for Maritime (PAE Maritime) to serve as Vessel Construction Manager (VCM) for the Medium Landing Ship (LSM) program.The LSM program is a multi-ship effort requiring coordination across U.S. shipyards, suppliers, designers, manufacturers, and government stakeholders. The program will require standardizing configuration across the fleet, using multi-ship procurement to support favorable pricing and delivering mission-ready vessels with lifecycle logistics in place.
Boluda Corporación Marítima has officially inaugurated its Netherlands headquarters in Rotterdam, located in the city's Maritime Quarter, a location that will serve as the center of operations in Northern Europe through its subsidiaries Boluda Towage and Boluda Shipping.The building was officially inaugurated by Vicente Boluda Fos, Chairman of Boluda Corporación Marítima, accompanied by Vicente Boluda Ceballos, Executive President of Boluda Towage, Ignacio Boluda Ceballos, Executive President of Boluda Shipping, and Verónica Boluda Ceballos
Lloyd's Register (LR) has warned that ship operators are facing a growing risk from fuels that appear compliant under routine ISO 8217 testing but still present operational risks once onboard.According to LR’s latest Fuel Oil Bunker Analysis and Advisory Service (FOBAS) Fuel Quality Report, covering the first half of 2026, off-specification fuels remain a persistent challenge. However, some of the most disruptive cases now involve fuels that pass routine compliance testing but show poor stability or compatibility
The Korea Institute of Machinery and Materials (KIMM) has unveiled what it says is the world's first spray-based immersion cooling technology for lithium-ion battery packs, a development that could improve thermal management and fire safety while dramatically reducing the amount of dielectric coolant required.Developed by a research team led by Dr. Jinsub Kim at KIMM's Heat Pump Research Center, the system combines two cooling approaches: dielectric liquid is sprayed directly onto the tops of battery cells while the bottom portion of the pack remains partially immersed in the same
Korean Register (KR) and HD Hyundai Heavy Industries (HHI) have completed a sea trial of South Korea's first ammonia dual-fuel propulsion vessel as part of a government-backed initiative to support the development of ammonia-fueled shipping.The trial was conducted under the Ministry of Oceans and Fisheries' Green Shipping Corridor Construction Support Project, which aims to establish a domestic operating environment for ammonia-powered vessels.
Norwegian offshore services provider DOF has received a letter of award for a four-year offshore contract valued between $100 million and $200 million, adding another long-term assignment to its vessel fleet.The company will deploy the anchor handling tug supply (AHTS) vessel Skandi Hera on the contract, with operations expected to begin between late 2026 and early 2027.In addition to vessel services, DOF will provide remotely operated vehicle (ROV) services under the agreement.The award remains subject to partner approval, which DOF expects to receive during the third quarter of 2026.
Louisiana-based logistics company Gulf of America Logistics (GoAL) has appointed Mike Camara as chief executive officer (CEO), effective immediately, while he continues to serve as the company's president.Camara assumed the role of President in February 2026 and has since overseen GoAL's operations across the energy, power, industrial and data center sectors.The leadership change comes as Louisiana continues to attract major industrial investment.