Oil spill. Calm Seas Unlock Salvage Race at Stricken Russian Tanker off Yemen
Post-monsoon lull gives salvors first clear window to offload 100,000 tonnes of sanctioned crude from the grounded.
Post-monsoon lull gives salvors first clear window to offload 100,000 tonnes of sanctioned crude from the grounded.
A tanker was hit by multiple projectiles 51 nautical miles off Qatar’s coast, with casualties reported.
Yinson Production prices largest-ever FPSO project bond outside Brazil, backed by Angola’s Agogo vessel
Bulgaria called off the search for 11 missing crew members after two cargo ships were struck by drones off its Black.
A New Jersey trucking school sues FMCSA after emergency removal from training registry.
A medical emergency at sea triggered a swift evacuation near India’s southernmost point on October 4.
90 biodiesel shipments carrying 620,000 gallons seized at Florida and Texas ports in latest US enforcement action.
Chong Suk LEE
José Rafael Díaz
UK P&I Club and TT Club members approve merger to form United Transport Mutual Limited with $888m reserves
HD Hyundai has taken a bold leap toward revolutionizing maritime propulsion by assembling a 12-member consortium to.
South Korea’s HD Hyundai acquires Dubai-based Goltens for $247.5m to dominate marine engineering and repair services.
(FP)
South Korean group secures 28-engineering centres across 15 countries in $247 million deal
Samsung Electronics America files FMC complaint alleging $148m in disputed demurrage and detention fees
The principality now hosts 51 maritime firms employing over 1,000 people, as shipping tycoons flee London’s tax reforms.
World Economy
Washington blacklists 22 vessels and 27 firms moving Iranian oil under false flags to Asia.
Benchmark Gulf-East Asia tanker rates surge past $1.4 million per day after Iran’s 20th strike this month.
Daily tonnes through 1,400+ ports · 7-day average · last 6 months
Sales of vintage LNG carriers surge as Strait of Hormuz disruptions reshape global gas trade.
Japanese utility acquires 100% of PT AGP Indonesia Utama to replace diesel.
CMA CGM and DSV partner to slash 12,000 tonnes of CO₂ emissions over two years using second-generation biofuels.
FP Week Week 42 · 2026
Fifty-two of 54 tracked names closed higher on the session
Read the week’s storyCourtney Bradbury takes charge of large-scale autonomous vessel programmes.
Italian group leads five-year consortium to steer Azule Energy’s 95,000 bpd Greater PAJ development
UK oilfield specialist EnerMech wins pre-commissioning work on BP’s 62,000 boe/d Ginger development off Trinidad.
HD Hyundai delivers the first vessel to eliminate manual lashing using extended cell guides and a 40 ft portable bench.
Global box volumes hit 17.46 million TEUs in August, but CTS warns of slowing growth ahead
September volumes surged 10% year-on-year to 2.55 million TEU, but analysts predict a sharp slowdown by year-end.
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Seoul allocates $266m to expand its 3,000-ton patrol fleet from 11 to 17 vessels by 2030.
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