At least three tankers were damaged off the Gulf coast and one seafarer was killed as Iranian retaliation for U.S. and Israeli strikes on Iran exposed ships to collateral damage, shipping sources and officials said on Sunday.Risks to commercial shipping have surged in the past 24 hours
Iran confirmed on Saturday that its Revolutionary Guards had seized a tanker in Gulf waters carrying a cargo of petrochemicals bound for Singapore over alleged violations, Iranian state media reported.A U.S. official and maritime security sources had said on Friday that Iranian forces intercepted the oil products tanker and diverted it into Iranian territorial waters.
An oil tanker carrying about 1 million barrels of crude oil suffered an explosion off Libya on June 27 but no injuries or pollution were reported, a spokesperson for the operator TMS Tankers said on Monday.The Marshall Islands-flagged tanker Vilamoura had left Libya's Zuetina port and was en route to Gibraltar when there was an explosion in the engine room, the operator said.
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Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.Behind these low-profile moves, six shipping executives said, lie concerns that their ships could be commandeered by Chinese authorities or hit with U.S. sanctions in a conflict between Beijing and Washington.
The Marshall Islands Flag State Administration and Bureau Veritas have formally approved SOLAS equivalency proposals submitted by Union Maritime and BAR Technologies for two MR2 tankers under construction at Wuhu Shipyard, China. The vessels will be equipped with BAR Technologies' WindWings advanced wind propulsion systems designed to reduce fuel use and emissions.
The International Flag-State Association (IFA), an association of the world’s three largest registries—Liberia, the Republic of the Marshall Islands, and the Republic of Panama—has been meeting since 2021. IFA is the first alliance of its kind and was designed to allow its members to have a platform to more formally engage with respect to global challenges, stakeholder insight
Flex LNG Ltd. reported steady third-quarter results for 2025, with a continued focus on maintaining its modern fleet of 13 large LNG carriers at peak operational and financial efficiency.Vessel operating revenues held firm at $85.7 million, with an average Time Charter Equivalent (TCE) rate of $70,921 per day across the fleet. The company reported net income of $16.
A Singapore-registered passenger ferry and a Marshall Islands-registered tanker collided off Singapore’s Southern Islands, the Maritime and Port Authority of Singapore (MPA) said, adding that all passengers and crew were safe.The ferry, Horizon 9, was en route to HarbourFront Centre when it collided with the tanker La Digue at around 5 pm local time, the MPA said.
Mitsui O.S.K. Lines (MOL) has secured approval in principle (AiP) from a Lloyd's Register (LR) for two new different designs of a membrane-type LNG carrier equipped with four units of Wind Challenger, a hard sail wind assisted propulsion system.The AiP covers a new vessel design, for a 174,000 m3 LNG carrier
The Trump administration on Thursday issued more Iran-related sanctions, targeting 13 entities based in Hong Kong, China, the United Arab Emirates and the Marshall Islands, as well as eight vessels, the U.S. Treasury Department said.The measures cover Greek national Antonios Margaritis and his network of companies and vessels that Treasury said was involved in transporting Iranian oil exports in
Liquefied natural gas (LNG) shipping company Flex LNG has informed its chief executive officer (CEO) Øystein Kalleklev resigned from the role.Kalleklev joined Flex LNG in October 2017 and was appointed CEO the following year.Following Kelleklev’s resignation, the company’s board has appointed Marius Foss, chief commercial officer, as interim CEO.