LATEST NEWS
Tanker Fire Off Iraq Deepens Gulf Security Fears
Two product tankers, MT SAFESEA VISHNU and MT ZEFYROS, caught fire during an STS operation off Umm Qasr, raising fresh concern over tanker security in Iraqi waters.
PGE Becomes Sole Owner of Baltic II
PGE has become the sole owner of the 350 MW Baltic II offshore wind project in the Polish Baltic Sea after RWE sold its stake and transferred related environmental rights.
Germany Opens Guarantee Scheme to Shipyards
Germany has added shipbuilding to its Large-Scale Guarantee Program, allowing shipyards to seek state-backed support for major orders and easing pressure on upfront financing for large vessel construction.
Dajin Heavy Industry Plans Hong Kong IPO
China’s Dajin Heavy Industry is planning an IPO on the Hong Kong Stock Exchange as it looks to access international funding markets and support expansion in fabrication, shipping and renewable energy projects.
Ship-Naming Events Hit by War Disruption
Shipowners are skipping or rescheduling ship-naming ceremonies at South Korean shipyards as the United States-Iran war disrupts vessel operations, flight schedules and event attendance linked to the Middle East.
South Korea Eyes Skilled Migrants for Shipyards
South Korea’s Justice Ministry plans visa changes to attract more skilled foreign technicians to shipbuilding as yards face labor shortages and Ulsan’s regional visa pilot remains under review.
Bernhard Schulte Offshore Takes Third CSOV
Germany’s Bernhard Schulte Offshore has taken delivery of Windea Carnot, the third CSOV in a series built by Ulstein Verft, adding another offshore wind support vessel with hybrid propulsion and capacity for 132 people.
Red Zed 1 Delivers Key Liquefaction Module to Woodfibre LNG Site
The heavy load carrier Red Zed 1 delivered the 10,847-tonnes liquefaction module to the Woodfibre LNG project site on 10 March 2026 as the project advances toward completion.
Hormuz Tensions Spill Into Shipping as Three Merchant Vessels Report Damage
Three merchant vessels including MAYUREE NAREE, One Majesty, and Star Gwyneth were reportedly damaged on 11 March near the Strait of Hormuz, raising renewed concern over maritime security and crew safety in one of the world’s most critical shipping corridors.
