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News
Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows
6+ hour, 33+ min ago (1064+ words) © chitsanupong / Adobe Stock Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher. The world’s largest crude oil exporter said…...
SG Fleet, ORIX And Sumitomo Bid For Australia's
12+ hour, 12+ min ago (155+ words) Posted to Maritime Reporter on September 13, 2026 Australia's FleetPartners announced?on Monday that it?had recieved revised offers from SG Fleet, Japan’s ORIX and a 'consortium headed by Sumitomo Corp', valuing vehicle leasing firm up to A$982.1million ($702.2million). FleetPartners stock rose nearly?...
Iran Waives 10% Levy to Ease Foreign Energy Shipping
4+ day, 3+ hour ago (164+ words) © Pawinee / Adobe Stock Iran has suspended a 10% charge on freight fees for foreign vessels carrying imported or exported oil, gas and liquid petroleum products to and from Iran, the semi-official Fars news agency reported on Thursday. A U.S. naval…...
US, Iran Strike Oil Tankers in Biggest Attack Wave Since War's Start
4+ day, 18+ hour ago (1024+ words) Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war....
Greece to Buy Two Frigates From Italy
5+ day, 20+ hour ago (119+ words) OceanWings has received an Approval in Principle (AiP) from ClassNK covering its Rigid Fixed (RF) and Rigid Tiltable (RT) wingsails. DNV, the independent assurance and risk management provider, has appointed Rob van der Spek as Artificial Intelligence (AI)… bound4blue has completed…...
Oil Jumps as Houthi Strikes Disrupt Saudi Energy Operations
6+ day, 5+ hour ago (566+ words) © hunterpic2013 / Adobe Stock Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis attacked Saudi energy facilities and Tehran threatened the United States with "economic warfare". Brent crude futures LCOc1 were up $2.00, or 2.06%, at $99.00 a barrel by 0800 GMT. U.S. West Texas…...
Saudi Arabia cancels wheat bid
1+ week, 5+ hour ago (118+ words) Posted to Maritime Reporter on September 7, 2026 The General Food Security Authority of Saudi Arabia announced a cancellation of a tender to buy '535,000 metric tons' (?metric tonnes)?of hard-milling wheat, because the offers submitted were not suitable. Saudi Arabia issued the…...
Kim Jong Un, North Korea's leader, says that a new destroyer is part of the nuclear response system
1+ week, 15+ hour ago (326+ words) Posted to Maritime Reporter on September 6, 2026 North Korean leader Kim Jong Un claimed that the country's latest destroyer will?be a part of a system for nuclear response and can deliver "annihilating" retaliatory strikes, state media KCNA reported on Monday....
Sechin claims that China, and not OPEC or the United States, is responsible for global energy markets
1+ week, 3+ day ago (195+ words) Posted to Maritime Reporter on September 4, 2026 Igor Sechin said that China, and not OPEC, had stabilized the global oil market by reducing crude exports by 5.5 millions barrels per day in this year. Sechin, the Russian energy manager who is a…...
Fraser Shipyards: 138 Years In, Building for What Comes Next
1+ week, 4+ day ago (785+ words) There is no shortage of discussion today surrounding the need to rebuild U.S. maritime and shipbuilding capacity. New government initiatives, foreign investment, workforce development and advanced manufacturing technologies are increasingly converging around a simple objective: America needs to build more ships,…...