A vessel was hit by an unidentified projectile while exiting the Strait of Hormuz, damaging its engine room and resulting in a crew casualty, according to UKMTO.
MPV and breakbulk market sentiment reached its highest level since 2022 in July 2026 as Asia tonnage tightened and Middle East port delays affected vessel schedules.
The U.S. has ordered a plan for a fifth public Navy Yard while allowing qualifying foreign shipbuilders to build up to two initial vessels abroad before production shifts to U.S. yards.
Cameroon-flagged cargo ship Lutuf was hijacked by eight armed people off Somalia on 17 August, amid continued opportunistic pirate activity along the Somali coast.
Chevron has reported a hydrocarbon discovery from the 105-4X well in Angola Block 0, where drilling found more than 600 m of hydrocarbon column and over 90 m of net pay.
Masdar and ScottishPower Renewables have installed all 95 foundations and transition pieces at the 1.4GW East Anglia THREE offshore wind farm off Suffolk.
Fujian Highton Development has ordered two additional 62,000 dwt multipurpose heavylift vessels at Taizhou Kouan Shipbuilding, taking its newbuilding series at the yard to nine ships.
Hanwha Ocean and Fincantieri shares rose after a Trump directive created a pathway for qualified foreign shipbuilders to construct certain US Navy vessels at overseas yards.
More commercial vessels have been attacked in the Strait of Hormuz as US-Iran negotiations remain stalled and Washington prepares additional economic measures against Iran.
