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Lloyd’s Register (LR), HD Korea Shipbuilding & Offshore Engineering (KSOE) and HD Hyundai Heavy Industries (HHI) have teamed up to develop a new generation of LNG carriers using hybrid electric propulsion. The companies signed an approval in principle (AiP) at Gastech 2026 in Bangkok covering a 185,000 cu m LNG carrier design incorporating a hybrid …
https://splash247.com/lng-carriers-to-get-the-hybrid-electric-propulsion-treatment/
https://splash247.com/lng-carriers-to-get-the-hybrid-electric-propulsion-treatment/Saudi oil and gas driller ADES has completed its acquisition of Saipem’s Saudi shallow-water drilling business. The two entered into the transaction in late June. Under the deal, ADES’s indirectly owned subsidiary, ADES Saudi Limited, acquired Saudi Arabian Saipem Limited for a total purchase consideration of $285m. Saudi Arabian Saipem Limited owns a fleet of …
https://splash247.com/ades-wraps-up-purchase-of-saipems-saudi-drilling-business/
https://splash247.com/ades-wraps-up-purchase-of-saipems-saudi-drilling-business/South Korea is reviving subsidies for long-haul crude imports from outside the Middle East, a move that could provide another boost to tanker tonne-mile demand as Seoul seeks to lock in the diversification achieved since the Iran war began. The Ministry of Trade, Industry and Energy said it will expand support for the freight differential …
https://splash247.com/seoul-revives-long-haul-crude-freight-subsidy/
https://splash247.com/seoul-revives-long-haul-crude-freight-subsidy/Japan’s three largest shipowners have joined the country’s leading shipbuilders in developing a standardised 42,000 cu m liquefied CO2 carrier as Tokyo prepares for a sharp increase in carbon capture and storage shipping. NYK, MOL and K Line are working with Mitsubishi Shipbuilding, Nihon Shipyard and joint venture MILES on the low-pressure LCO2 design, which …
https://splash247.com/japans-big-three-back-standard-42000-cu-m-co2-carrier/
https://splash247.com/japans-big-three-back-standard-42000-cu-m-co2-carrier/A Russian frigate fired two flares towards a Danish military helicopter in international waters off Denmark on Monday, narrowly missing the aircraft, the Nordic NATO member's military said.The Baltic Sea region is on high alert after incidents involving gas pipeline outages…
https://www.marinelink.com/news/russian-frigate-fires-flares-danish-542938
https://www.marinelink.com/news/russian-frigate-fires-flares-danish-542938An unprecedented level of investment in multi-deck vehicle carriers is being driven by tonnage replacement and scale economy strategies, but emphatically also by explosive growth in China’s automotive exports.Global deep-sea automotive shipments…
https://www.marinelink.com/news/markets-ascendant-china-boosts-vehicle-542940
https://www.marinelink.com/news/markets-ascendant-china-boosts-vehicle-542940Oman's Maritime Security Centre said on Tuesday that the Panama-flagged oil tanker 'EL GAIA' was being towed to an Omani port after a fire broke out in its engine room following an attack.The tanker was about 103 nautical miles northeast of Musandam when it was attacked, the centre said.
https://www.marinelink.com/news/oman-rescues-attacked-oil-tanker-two-542947
https://www.marinelink.com/news/oman-rescues-attacked-oil-tanker-two-542947Following its acquisition of compressor manufacturer Köhler & Hörter (KOHO) last year, the marine pump and gauging system specialist Svanehoj appointed long-time Neuman & Esser executive Jens Wulff as Managing Director of KOHO and Head of Compressors…
https://www.marinelink.com/news/wulff-takes-helm-koho-542953
https://www.marinelink.com/news/wulff-takes-helm-koho-542953Maritime Tactical Systems, Inc. (MARTAC) announced a manufacturing partnership with fellow Florida-based boatbuilder SŌLACE Boats, a partnership designed to enable MARTAC to scale production of its Devil Ray USV platforms by 100 vessels per year, meeting increasing demand signals from U.S.
https://www.marinelink.com/news/martac-slace-boats-partner-scale-usv-542955
https://www.marinelink.com/news/martac-slace-boats-partner-scale-usv-542955Today, Tuesday, September 15 2026, the Baltic Dry Index decreased by 85 points, reaching 3360 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-3360-down-85-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-3360-down-85-points/