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, with three vessels responding.MSC RUBY subsequently recovered all 25 crew members from the lifeboat. No injuries were reported.
OMS Group (OMS) announced the opening of its new Remote Operations Centre (ROC) in Singapore, strengthening the capabilities of OMS Geometra, the Group’s marine survey business unit. The ROC establishes a shore-based operational hub to support the Group’s growing fleet of long-range Unmanned Surface Vessels (USVs) and the delivery of full ocean-depth cable route surveys globally. Purpose-built to support safe, scalable and repeatable unmanned survey operations, the ROC brings together USV pilots, survey specialists and project teams in a single operating environment.
ABS and lomarlabs have signed a Master Research Collaboration Agreement (MRCA) to explore technologies from early-stage technology companies that aim to reduce emissions, increase fuel efficiency and automate operations in the maritime industry.The MRCA establishes a framework for both organizations to share expertise and advisory services to engage with the startups to support research, development and testing of novel solutions for maritime applications.
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.
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
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. Its two foldable SolidSail masts carry 3,000 square meters of sail and enable access to most ports.
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 and Managing Director of CSL.
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 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. Like SMAP, APX North will include switched branching units that allow selected fibre pairs to bypass landing in Guam and operate direct between Australia and Japan.
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 how trade and global supply chains support communities and economic growth.
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. The more actively traded November contract CLc2 was down $2.36, or 2.55%, at $90.01 a barrel.
"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.