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Somali Pirates Release MV Sward and 17 Crew Near Garacad
Somali pirates have released MV Sward and its 17 crew near Garacad in Puntland after a ransom payment. The vessel had been held since it was seized off Somalia on 26 April 2026.
Boskalis BOKA Vanguard Transports VALARIS 106 to Indonesia for BP Contract
Boskalis’ BOKA Vanguard is transporting VALARIS 106 from Singapore to Kokas ahead of the jackup rig’s two-year BP contract in Indonesia, valued at approximately $74 million.
SED Energy Holdings Plans All-Share Acquisition of Ventura Offshore
SED Energy Holdings plans to acquire Ventura Offshore in an all-share transaction, creating a combined offshore drilling group with a pro forma equity value of about $1 billion.
Haijie Shipping’s Dubai Tower Reaches UK via Arctic Route
Haijie Shipping’s Dubai Tower reached Teesport on 9 September 2026, completing the first voyage of the carrier’s regular 2026 China-Europe Arctic container service.
Westwood Forecasts $137 Billion Offshore Oil and Gas CAPEX in 2026
Westwood forecasts offshore oil and gas field development CAPEX of $137 billion in 2026 after recording 38 offshore field FIDs and $66.4 billion of committed CAPEX in the first half.
HD Hyundai Advances Thoothukudi Shipyard Plan in India
HD Hyundai is advancing plans for a 2.5 million GT shipyard in Thoothukudi, India, as it seeks an overseas production base for tankers and bulk carriers.
Odfjell Drilling Gets $518 Million Vår Energi LOA for Deepsea Bergen
Odfjell Drilling has received a three-year Vår Energi LOA for Deepsea Bergen worth an estimated $518 million, extending the semi-submersible rig’s firm backlog to Q1 2031.
CSG warns geopolitical risks and shadow fleet threaten global shipping rules
The Consultative Shipping Group warns that geopolitical tensions, unilateral trade measures and the shadow fleet are putting pressure on global shipping rules and freedom of navigation.
Hanwha outlines U.S. Navy shipbuilding plans at Philly Shipyard
Hanwha outlined plans to expand U.S. Navy shipbuilding at Hanwha Philly Shipyard as Acting Navy Secretary Hung Cao visited the Philadelphia facility to discuss investment and workforce growth.
