Oil & Freight Markets
US disables bulker Huda after Iranian port call
The strike in the Gulf of Oman was the first reported US disabling of a commercial vessel in about a month.
Newsdesk2 min readAggregated
Section
Oil & Freight Markets
Crude, fuel oil and tanker freight markets.
Oil & Freight Markets
Malampaya starts gas flows from near-$1bn Philippine deepwater expansion
Two new wells are expected to extend the field’s productive life by around six years, supporting domestic gas supplies for the Luzon grid.
Newsdesk2 min readAggregated
Oil & Freight Markets
ELPI secures $12.04m Middle East charter for two crewboats
The three-year agreement with Atlantic Maritime Group covers offshore support work across four Gulf countries.
Newsdesk1 min readAggregated
Oil & Freight Markets
Keppel secures $51m Saudi jackup charter extension with Arabian Drilling
The five-year AD110 agreement comes as Keppel seeks to strengthen rig revenues ahead of planned asset divestments.
Newsdesk1 min readAggregated
Oil & Freight Markets
High LR tanker freight restricts Western naphtha flows to Asia
Smaller tankers are carrying more naphtha eastwards as freight costs outweigh the price spread supporting Mediterranean shipments to Japan.
Newsdesk2 min readAggregated
Oil & Freight Markets
Asia-US container rates diverge as chemical tanker freight rises
Softer US import demand is weighing on container freight expectations, while restricted vessel space supports several chemical tanker routes.
Newsdesk2 min readAggregated
Oil & Freight Markets
European gasoil tightness deepens as Rhine disruption restricts deliveries
Alkagesta says depleted inventories and inland transport constraints are supporting physical gasoil premiums despite refiners’ efforts to raise output.
Newsdesk2 min readAggregated
Oil & Freight Markets
Yinson and PTSC reach first oil early at Vietnam’s Lac Da Vang FSO
The 460,000-barrel storage vessel has begun operations under a ten-year charter as the offshore field prepares for further development through 2028.
Newsdesk1 min readAggregated
Oil & Freight Markets
DOF agrees sale of Skandi Implementer with handover planned for 2027
The Norwegian group expects the disposal of its 2018-built subsea construction vessel to materially reduce net debt.
Newsdesk1 min readAggregated
Oil & Freight Markets
Ukrainian drone strikes damage St Petersburg petroleum export terminal
Fires were reported at waterfront fuel infrastructure and other sites as both sides continued attacks on energy facilities.
Newsdesk1 min readAggregated
Oil & Freight Markets
HMM approves $1.62bn investment in 12 containerships
The South Korean carrier will add 114,100 teu through eight new orders and four resale acquisitions, with deliveries due by December 2029.
Newsdesk1 min readAggregated
Oil & Freight Markets
Tanker and gas carrier orders extend shipyard delivery schedules into 2030
Reported contracts span product tankers, LPG and ammonia carriers, alongside a further car carrier order and second-hand vessel sales.
Newsdesk2 min readAggregated
Oil & Freight Markets
Rhine drought disrupts fuel oil flows as ARA stocks build, Alkagesta says
Alkagesta reports that restricted inland barge movements are leaving coastal fuel oil stocks higher while inland European markets face shortages.
Newsdesk1 min readAggregated
Oil & Freight Markets
Malta subsidy bill projected at €400m in 2027 as commentary urges reform
The Malta Business Weekly questions blanket support for energy prices, while the finance minister warns that withdrawing it would threaten jobs.
Newsdesk2 min readAggregated
Oil & Freight Markets
Rockhopper commits $44 million to second FPSO for Falklands oil project
The investment will secure a 35% interest in OSX-1 as the Sea Lion partners pursue accelerated development in the North Falkland Basin.
Newsdesk1 min readAggregated
Oil & Freight Markets
Hormuz tanker crews offered large bonuses as transit earnings surge
Reported pay packages reflect the rewards and risks of tanker passages through the Strait of Hormuz, where a recent attack injured 12 seafarers.
Newsdesk1 min readAggregated
Oil & Freight Markets
DOF receives letter of intent for $50m-$100m offshore vessel job in 2028
The Norwegian owner expects a full contract award by mid-November 2026, with one of its four I-class vessels due to start work in the first half of 2028.
Newsdesk1 min readAggregated
Oil & Freight Markets
CNOOC renews Worley framework for UK North Sea fields for five years
The renewed agreement covers work at Scott, Buzzard and Golden Eagle, ranging from equipment replacement to decommissioning services.
Newsdesk1 min readAggregated
Oil & Freight Markets
Eni secures Sapukala exploration block offshore Indonesia
The award gives Eni a 100% interest in deepwater acreage near existing holdings and planned gas developments in the Kutei Basin.
Newsdesk1 min readAggregated
Oil & Freight Markets
Sincere Navigation agrees $38.5m purchase of 2019-built kamsarmax
The Taiwanese shipowner is adding a dry bulk vessel after selling older bulk and crude tanker tonnage this year.
Newsdesk1 min readAggregated
Oil & Freight Markets
Rio Tinto sells final two owned newcastlemaxes to Yasa
The Turkish shipowner has acquired five vessels from Rio Tinto’s eight-ship disposal programme, expanding its large bulker fleet.
Newsdesk2 min readAggregated
Oil & Freight Markets
Precious Shipping fixes Sunisa Naree to PACC Line for up to 13 months
The Thai shipowner has agreed another index-linked ultramax charter as it renews its dry bulk fleet and adds tanker exposure.
Newsdesk1 min readAggregated
Oil & Freight Markets
European diesel squeeze draws long-haul imports as Rhine transport falters
Alkagesta’s September 2026 market review links tight diesel supplies and elevated margins to refinery disruption, depleted stocks and inland freight constraints.
Newsdesk2 min readAggregated
Oil & Freight Markets
Alkagesta chief urges shipping and trading firms to tackle rising freight costs
In an opinion piece for The Motor Ship, Orkhan Rustamov calls for closer industry co-operation, more diverse supply chains and scenario planning.
Newsdesk1 min readAggregated
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