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Muscat-listed Asyad Shipping has ordered six MR product tankers at HD Hyundai Heavy Industries in South Korea, adding another leg to its fleet expansion drive. The Omani owner said in a stock exchange filing that the 49,999 dwt vessels would cost about OMR119m ($308m), with deliveries expected from 2029. Asyad has also signed five-year time …
https://splash247.com/asyad-lines-up-308m-mr-tanker-newbuilds/
https://splash247.com/asyad-lines-up-308m-mr-tanker-newbuilds/New Zealand is facing the loss of its last domestic-flagged container shipping service, with Swire Shipping consulting on a proposal to cease Pacifica Shipping’s coastal container operation. The move centres on the Moana Chief, the New Zealand-flagged vessel that has operated on the Pacifica network for the past seven years. Swire said the ship is …
https://splash247.com/new-zealand-set-to-lose-last-flagged-boxship/
https://splash247.com/new-zealand-set-to-lose-last-flagged-boxship/The Philippine Department of Energy (DOE) has suspended all activities under the fifth Green Energy Auction round, putting the bidding for incentives covering up to 3.3GW of fixed-bottom offshore wind capacity on hold. The DOE said the suspension would allow it and other government agencies to recalibrate the auction, considering implementation issues that could affect …
https://splash247.com/philippines-suspends-3-3gw-offshore-wind-auction/
https://splash247.com/philippines-suspends-3-3gw-offshore-wind-auction/“So far this year, crude tanker newbuilding contracting has reached 60m deadweight tonnes (DWT) across 234 ships, driven by a surge in orders for Very Large Crude Tankers (VLCCs). This already makes 2026 the year with the highest crude tanker contracting on record.
https://www.marinelink.com/news/tanker-vessel-contracting-hits-record-541093
https://www.marinelink.com/news/tanker-vessel-contracting-hits-record-541093Finnish marine propulsion company Steerprop remains as a supplier for a series of tugboats being built by Turkish shipyard group Med Marine, securing a repeat order for two Steerprop SP 175 T propulsors for the third vessel in the series.The…
https://www.marinelink.com/news/steerprop-receives-propulsor-order-third-541094
https://www.marinelink.com/news/steerprop-receives-propulsor-order-third-541094UAV Navigation-Grupo Oesía, a Spanish company that specializes in guidance, navigation, and control solutions for unmanned vehicles, announced the release of software version 9.2, introducing enhanced interoperability, modularity, and multi…
https://www.marinelink.com/news/uav-navigationgrupo-oesa-releases-new-541095
https://www.marinelink.com/news/uav-navigationgrupo-oesa-releases-new-541095Stolt-Nielsen Limited reported unaudited results for the second quarter ending May 31, 2026. The company reported a second-quarter net profit of $51.7 million with revenue of $750.3 million, compared with a net profit of $75.2 million with revenue of $712.9 million in the second quarter of 2025.
https://www.marinelink.com/news/stoltnielsen-limited-shares-q-h-results-541096
https://www.marinelink.com/news/stoltnielsen-limited-shares-q-h-results-541096U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and…
https://www.marinelink.com/news/us-natural-gas-prices-drop-six-week-low-541098
https://www.marinelink.com/news/us-natural-gas-prices-drop-six-week-low-541098Oil prices eased on Thursday after earlier gains as markets assessed the escalating conflict between the U.S. and Iran and its implications for efforts to end the war and fully reopen the Strait of Hormuz.Brent crude futures were down 11 cents, or 0.1%, to $77.91 a barrel at 1322 GMT. U.S.
https://www.marinelink.com/news/oil-prices-lower-ahead-possible-usiran-541099
https://www.marinelink.com/news/oil-prices-lower-ahead-possible-usiran-541099Maersk, one of the world's biggest container shipping groups, said on Thursday it would resume its Middle East-to-U.S. East Coast service through the Suez Canal, as the Danish group takes another step toward restoring routes through the Red…
https://www.marinelink.com/news/maersk-resumes-suez-canal-route-middle-541100
https://www.marinelink.com/news/maersk-resumes-suez-canal-route-middle-541100