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News
SG Fleet, ORIX And Sumitomo Bid For Australia's
12+ hour, 26+ 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…...
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…...
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,…...
Norway seizes Russian ship over Naftogaz award
1+ week, 4+ day ago (384+ words) Norway announced on Wednesday that it had taken a Russian vessel at the request from Ukrainian state-owned Naftogaz to ensure the Russian Federation met its obligations. Since 2016, the Ukrainian company has taken legal action against Russia to seek compensation for…...
North American Blue Energy Partners to Take Over Some Venezuelan Oilfields
1+ week, 5+ day ago (704+ words) U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by several Chinese companies and a Russian firm, two U.S. officials told Reuters on Monday. The takeover will be part of a sweeping oil production agreement that…...
Trump says Exxon will Re-Enter Venezuela
1+ week, 6+ day ago (1026+ words) © Lucasz Z / Adobe Stock U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela. Exxon declined to comment. Any entrance into the South…...
Fraser Shipyard: A ‘Shipyard of the Future’ Grows on the Great Lakes
2+ week, 4+ day ago (215+ words) Part of a group of companies that make up Fraser Industries, Fraser Shipyard is a 138-year-old on Lake Superior, an organization which makes equal revenue from newbuild and ship repair, able to work in both steel and aluminum. Recently it…...