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Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery…
https://www.marinelink.com/news/aramco-warns-severe-oil-market-fallout-536753
https://www.marinelink.com/news/aramco-warns-severe-oil-market-fallout-536753Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies.Brent futures LCOc1 fell $6.79…
https://www.marinelink.com/news/oil-drops-trump-predicts-war-end-soon-536757
https://www.marinelink.com/news/oil-drops-trump-predicts-war-end-soon-536757N-Sea Group has entered into a long-term charter agreement with Rederij Groen for the newbuild offshore support vessel Dominus, which is being constructed by PASSER at Shipyard De Hoop in Tolkamer, the Netherlands.Construction of the vessel…
https://www.marinelink.com/news/nsea-expands-fleet-offshore-support-536759
https://www.marinelink.com/news/nsea-expands-fleet-offshore-support-536759New software module enables seamless, low risk integration between navigation and combat systems Anschütz introduced a major enhancement to its SYNAPSIS integrated navigation platform. A newly developed, defined data interface now connects SYNAPSIS…
https://www.marinelink.com/news/synapsis-integrates-aegis-combat-system-536763
https://www.marinelink.com/news/synapsis-integrates-aegis-combat-system-536763ABB has won a contract to deliver a fully integrated electrical power, propulsion and automation system for two hybrid-electric cable repair vessels being built for French shipowner Orange Marine at Colombo Dockyard PLC in Sri Lanka.The vessels…
https://www.marinelink.com/news/abb-inks-deal-orange-marine-cable-repair-536765
https://www.marinelink.com/news/abb-inks-deal-orange-marine-cable-repair-536765The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than…
https://www.marinelink.com/news/quality-coal-rallies-lng-spikes-536766
https://www.marinelink.com/news/quality-coal-rallies-lng-spikes-536766Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the company’s offshore fleet.The vessel, scheduled for delivery in 2028, will be based on a proven subsea…
https://www.marinelink.com/news/jan-de-nul-selects-ulstein-design-new-536778
https://www.marinelink.com/news/jan-de-nul-selects-ulstein-design-new-536778Abu Dhabi state oil giant ADNOC has shut its Ruwais refinery, a source said on Tuesday, after a fire broke out at a facility within the complex following a drone strike, the latest disruption to energy infrastructure due to the U.S.-Israeli…
https://www.marinelink.com/news/drone-strike-sparks-fire-adnocs-ruwais-536780
https://www.marinelink.com/news/drone-strike-sparks-fire-adnocs-ruwais-536780The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, snapped a three-day losing streak, rising about 2.8% to 2,066 points, underpinned by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, rebounded by 7.8% to 2,835 points. Meanwhile, the panamax index, which ...
https://www.hellenicshippingnews.com/baltic-dry-index-halts-3-day-slump/
https://www.hellenicshippingnews.com/baltic-dry-index-halts-3-day-slump/Norwegian offshore service provider Archer has been awarded a three-year contract extension under a long-term frame agreement with an unnamed client for wireline services. The company said in an Oslo Bors filing that, based on 2025 activity levels, the annual revenue from this contract is estimated to represent between 7 and 9% of total well …
https://splash247.com/archer-locks-in-three-more-years-of-wireline-work-in-norway/
https://splash247.com/archer-locks-in-three-more-years-of-wireline-work-in-norway/