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Disruption to oil exports via the Strait of Hormuz is threatening to delay the market's return to normal until 2027, Saudi Aramco CEO Amin Nasser warned on Monday."The longer the supply disruptions continue, even for another few more weeks,…
https://www.marinelink.com/news/oil-market-until-recover-hormuz-539030
https://www.marinelink.com/news/oil-market-until-recover-hormuz-539030Italian shipbuilder Fincantieri revised upwards its 2026 guidance for revenue, core profit and net profit on Monday after it signed large new contracts early this year which beat its full-year target.In the past year, the group has been focusing on defence and high-margin naval contracts amid rising
https://www.marinelink.com/news/fincantieri-beats-contract-targets-539031
https://www.marinelink.com/news/fincantieri-beats-contract-targets-539031A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.Democratic…
https://www.marinelink.com/news/trump-urged-stand-strong-shipbuilding-539035
https://www.marinelink.com/news/trump-urged-stand-strong-shipbuilding-539035The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, rose about 1.8% to 3,031 points on Monday, reversing a 1.9% decrease in the prior session. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, advanced by 2.2% to its highest since March 2024 ...
https://www.hellenicshippingnews.com/baltic-dry-index-rebounds/
https://www.hellenicshippingnews.com/baltic-dry-index-rebounds/Guinean iron ore shipments breach 1.2mt for the first time as Simandou ramps up, with Brazil and Australia also seeing exports increase. China, so far, has absorbed the additional tonnage. Global iron ore flows reached more than 143mt in April 2026, up just under 7% y/y and m/m. China received 74% of the total flows, ...
https://www.hellenicshippingnews.com/simandou-ships-record-quantity-of-iron-ore-swelling-chinese-stocks/The Victoria state government has committed AUD 124.5m ($90.1m) in its 2026/27 budget to advance the proposed Renewable Energy Terminal at the Port of Hastings. This funding will progress the Environmental Effects Statement (EES) process for the first heavy-duty offshore wind port of its kind in Australia. The terminal is designed to enable onshore turbine …
https://splash247.com/victoria-commits-90m-to-progress-offshore-wind-port-at-port-of-hastings/
https://splash247.com/victoria-commits-90m-to-progress-offshore-wind-port-at-port-of-hastings/Martin Egvang has joined the newly formed Danish dry bulk operator Danbulk as its chairman of the board. Egvang was previously the CEO of Copenhagen-based shipowner and operator Lauritzen Bulkers. He stepped down from the role in March last year, citing stress issues. Before that, he was the CEO of another Danish operator, Integrity Bulk. …
https://splash247.com/former-lauritzen-boss-to-lead-board-of-danbulk/
https://splash247.com/former-lauritzen-boss-to-lead-board-of-danbulk/New Wave Offshore Energy has been selected by Shell to provide marine warranty survey services for the Orca project in Brazil’s pre-salt Santos Basin.The contract covers marine warranty and assurance services for the offshore development, which…
https://www.marinelink.com/news/shell-selects-new-wave-offshore-orca-539009
https://www.marinelink.com/news/shell-selects-new-wave-offshore-orca-539009Fugro has been awarded a major geotechnical survey contract by SSE for the Berwick Bank B offshore wind development in the North Sea off Scotland.Berwick Bank B forms part of the wider 4.1 GW Berwick Bank offshore wind project, which is being…
https://www.marinelink.com/news/fugro-gets-survey-job-scottish-offshore-539011
https://www.marinelink.com/news/fugro-gets-survey-job-scottish-offshore-539011Berg Propulsion has secured a contract to supply propulsion systems and electrical integration technology for two all-electric harbor tugs being built under India’s Green Tug Transition Program.The vessels are under construction by Mumbai-based KMEW Group on behalf of India’s Ministry of Ports…
https://www.marinelink.com/news/berg-propulsion-supply-systems-indias-539012
https://www.marinelink.com/news/berg-propulsion-supply-systems-indias-539012