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The gap between supply and demand is widening as global energy systems face strain, Guyana's President Irfaan Ali said on Monday, as the Iran warenters its third month and continues to drive up oil and gas prices amid supply shortages.Energy markets have been reeling since the start of the war…
https://www.marinelink.com/news/guyana-president-energy-supplydemand-gap-538757
https://www.marinelink.com/news/guyana-president-energy-supplydemand-gap-538757There was a fire and an explosion on a vessel operated by South Korean shipper HMM in the Strait of Hormuz on Monday, the foreign ministry in Seoul said.The government was checking intelligence that the vessel, HMM Namu, may have been attacked…
https://www.marinelink.com/news/fire-breaks-hmm-vessel-strait-hormuz-538758
https://www.marinelink.com/news/fire-breaks-hmm-vessel-strait-hormuz-538758Medics were working on Monday to evacuate two people with symptoms of the deadly hantavirus after a suspected outbreak on a luxury cruise ship held off West Africa carrying mostly British, American and Spanish passengers, officials said.Around…
https://www.marinelink.com/news/evacuations-planned-cruise-passengers-538759
https://www.marinelink.com/news/evacuations-planned-cruise-passengers-538759Norwegian Cruise Line cut its annual profit forecast on Monday, as the cruise operator battles surging fuel costs linked to the war in the Middle East and tepid demand for its sea voyages, sending its shares down 7% in morning trading.Global oil prices surged above $100 a barrel after U.S.
https://www.marinelink.com/news/norwegian-cruise-slashes-profit-forecast-538760
https://www.marinelink.com/news/norwegian-cruise-slashes-profit-forecast-538760Two months after the launch of the first vessel in this new series, Lucia Cosulich took to the water on May 2, 2026, marking another step forward in Fratelli Cosulich’s Marine Energy Unit commitment to alternative marine fuels and sustainable…
https://www.marinelink.com/news/fratelli-cosulich-launches-newest-538763
https://www.marinelink.com/news/fratelli-cosulich-launches-newest-538763The American Association of Port Authorities (AAPA) Board of Directors announced the appointment of Sang Yi as President and Chief Executive Officer (CEO), effective May 4.Most recently, Yi served as Deputy Administrator of the U.S. Department of Transportation’s Maritime Administration (MARAD)…
https://www.marinelink.com/news/former-marad-deputy-administrator-sang-yi-538764
https://www.marinelink.com/news/former-marad-deputy-administrator-sang-yi-538764After Pacific market strength that has exceeded seasonal norms, Panamax earnings are set to rebalance as a rise in ships discharging in China boosts supply in the Pacific, and strength in Capesize and Supramax earnings offers upside potential for the Atlantic. The Panamax Atlantic round-voyage rate has been at a discount of at least $1,500/day ...
https://www.hellenicshippingnews.com/the-panamax-market-a-supply-side-story/
https://www.hellenicshippingnews.com/the-panamax-market-a-supply-side-story/Greek tanker owner Okeanis Eco Tankers has lined up $190m in new loan facilities to fund vessel acquisitions and buy back ships tied to sale-and-leaseback deals. The New York- and Oslo-listed company, controlled by the Alafouzos family, confirmed it had signed three separate agreements with a mix of Taiwanese and Greek lenders. The largest tranche, …
https://splash247.com/okeanis-eco-tankers-locks-in-190m-financing-for-tankers-and-leaseback-exit/
https://splash247.com/okeanis-eco-tankers-locks-in-190m-financing-for-tankers-and-leaseback-exit/Equinor has extended a raft of drilling and well service agreements on the Norwegian continental shelf, committing around NOK 17bn ($1.83bn) to keep activity levels high and production steady in the years ahead. The Norwegian major exercised one-year options under three integrated drilling and well services contracts, alongside two-year options across 18 corporate framework agreements …
https://splash247.com/equinor-rolls-over-1-8bn-in-drilling-and-well-service-deals/
https://splash247.com/equinor-rolls-over-1-8bn-in-drilling-and-well-service-deals/South Korea’s KSS Line has moved to expand its LPG carrier fleet, placing an order for three very large gas carriers (VLGCs) in a deal worth around $342m. The owner has contracted HD Korea Shipbuilding & Offshore Engineering (HD KSOE), with construction to be handled by HD Hyundai Heavy Industries. The 90,000 cu m vessels …
https://splash247.com/kss-line-books-trio-of-vlgcs-at-hd-hyundai/
https://splash247.com/kss-line-books-trio-of-vlgcs-at-hd-hyundai/