MISC Group (MISC) named two new generation Liquefied Natural Gas (LNG) carriers, Seri Dian and Seri Dayang, on May 7, 2026. The addition of these vessels further strengthens its long-standing partnership with SeaRiver Maritime LLC (SRM), a wholly owned subsidiary of ExxonMobil.Constructed by Hanwha Ocean Co., Ltd.
The Panama Canal marked a significant milestone on Monday with the inaugural transit of the Neopanamax cruise ship, Disney Adventure, the largest passenger vessel by capacity and gross tonnage ever to transit the interoceanic waterway.The passage of the ship, 208,000 gross tons and with capacity for approximately 6,700 passengers, took place as part of her positioning voyage.
Oil prices fell more than 1% on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures LCOc1 fell $1.09, or 1.4%, to $76.81 a barrel and U.S. West Texas Intermediate CLc1 declined to $72.99 a barrel, down 87 cents, or 1.2%, as of 0607 GMT.
Spot premiums for crude and some refined products in Asia, Europe and Africa have fallen back following a U.S.-Iran deal to end the Middle East conflict, though caution about how soon normal shipping can resume is providing a floor for oil markets.Prices tumbled across the board on Monday after U.S. President Donald Trump said a preliminary agreement had been signed.
NYK, Yanmar Power Solutions and ENEOS have agreed to install a hydrogen fuel cell system on a new dining cruise vessel scheduled to enter service in 2027, as the companies seek to advance the use of hydrogen in the maritime sector.The vessel will replace Lady Crystal, which currently operates in the Tennoz Isle area of Tokyo as part of the NYK Group's passenger cruise business.
Equinor has seen a surge in interest for energy exports out of Norway from customers as far afield as Australia after the Iran war curbed exports of petroleum and liquefied natural gas (LNG) from the Gulf, the energy group said on Wednesday.The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia.
Multidisciplinary consultancy AGR has entered into a partnership agreement to onboard the offshore support vessel Aquaman II, expanding its capacity for subsea operations, plug and abandonment (P&A) and decommissioning work in the North Sea.The vessel, owned by Star Matrix and to be operated by AGR
Crosby Enterprises, LLC (the “Company”) announced that the Company filed chapter 11 cases for several of its subsidiary/affiliate units, Crosby Tugs, L.L.C., Crosby Dredging, L.L.C. and Crosby Marine Transportation, L.L.C., in the U.S. Bankruptcy Court for the Eastern District of Louisiana on March 23, 2026.
U.S. diesel exports to Europe hit an all‑time high in January after the continent strengthened its ban on imports of Russian-derived fuel, and as discounted Russian diesel displaced U.S. fuel in Brazil, data showed and analysts said.The developments show how Western sanctions, aimed at punishing Russia over its invasion of Ukraine, are reshaping markets, allowing U.S.
Damen Shipyards Group announced the completion of sea trials for the latest Island Class ferry for BC Ferries. The seventh Island Class vessel in a series of ten undertook trials during weeks 49 and 50 last year in the Black Sea.Damen is currently constructing four Island Class vessels for the Canadian ferry operator.
Venezuelan oil exports rose to some 800,000 barrels per day (bpd) in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed.Washington imposed an oil embargo on the U.S.-sanctioned country in December to pressure Maduro and seized seven tankers.
Lady Kailani, a new 20-meter (65 foot) luxury catamaran designed by Incat Crowther for Kauai Sea Tours in Hawai'i, is now in service offering tours along Kauai’s Nā Pali Coast.The successful delivery of Lady Kailani by south Louisiana shipyard Breaux Brothers Enterprises has allowed the tourism operator to expand to year-round tourism experiences in Kauai, Hawai'i.