BIMCO Adopts Time Charter Party to Target Emerging CO2 Trade
BIMCO’s Documentary Committee has adopted a new time charter party which has been developed specifically for the maritime transport of liquefied carbon dioxide (LCO₂). The form, CO2TIME 2026, responds to the rapid development of carbon capture, utilization and storage (CCUS) projects and the need for a standardized contractual framework for maritime transport.CO2TIME 2026 is the first time charter party designed specifically for the carriage of liquefied CO₂. While firmly focused on the emerging CO₂ trade…
Shipping Through Hormuz Remains Mostly Halted
Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships passing the waterway in the past 24 hours, shipping data showed.A U.S. blockade of Iranian ports has infuriated Tehran, prompting it to maintain its own restrictions on the strait, which had been typically handling roughly one-fifth of the world's oil and liquefied natural gas supply.The Ean Spir products tanker, which had no known flag or known ownership, sailed through Hormuz on Tuesday after previously calling at an Iraqi port…
Shipping Through Hormuz Strait Slows Again After Iranian Ship Seizure
Ships were largely avoiding the Strait of Hormuz on Monday after an escalation at the weekend in which Iran fired what appeared to be warning shots at vessels and the U.S. military seized an Iranian cargo ship.Just one ship exited the Gulf through the strait while two entered in the space of 12 hours, ship-tracking data showed on Monday, a fraction of what is usually about 130 vessels per day.The oil products tanker Nero, which is under British sanctions for Russia-related activities…
Libyan Coast Guard Tows Drifting Russian LNG Tanker Away From its Shore
Libya’s coast guard has begun towing away a damaged liquefied natural gas tanker that several Mediterranean countries warned posed an environmental risk after drifting unmanned for weeks, the Tripoli‑based Government of National Unity (GNU) said.The Russian-flagged Arctic Metagaz, carrying LNG from the Arctic port of Murmansk, has been adrift since early March, when Russia's Transport Ministry said it was hit by Ukrainian naval drones.With no crew aboard, it eventually drifted close to the shores of the western Libyan port of Zuwara.Italy…
Two India-Bound Tankers Pass Hormuz as Most Shipping Remains Halted
Two Indian-flagged liquefied petroleum gas (LPG) tankers on Monday sailed through the Strait of Hormuz although overall traffic through the critical waterway remained blocked, according to data and sources.The Pine Gas tanker sailed through the Strait with the Jag Vasant following close by, shiptracking data on the MarineTraffic platform showed.The Pine Gas tanker broadcast a message of "India ship and crew", according to separate LSEG ship tracking data.Hundreds of ships remain stuck inside the Gulf with thousands of seafarers stranded due to the U.S.-Israel war with Iran.(Reuters - Reporting
US Will Reinsure Maritime Losses in Gulf Region Up to $20b
The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development Finance Corporation said on Friday.President Donald Trump on Tuesday ordered the DFC to provide political risk insurance and financial guarantees for maritime trade in the Gulf after oil and liquefied natural gas tanker transit had ground to a halt in the Strait of Hormuz waterway off Iran…
Blackout Due to Incorrectly Configured Generators
A gas tanker had just left its berth at the Port of Brisbane, Australia, when it lost propulsion for two minutes as two of its three electrical generators were not properly configured, an ATSB final report has confirmed.On March 15, 2025, the 100-metre, Liberian-flagged Gaschem Homer departed the BP Products berth in the Port of Brisbane, under the conduct of a harbour pilot.While it was being turned towards the port’s entrance, it experienced an electrical blackout, resulting in the total loss of all propulsion and steering control.Power was able to be restored after about two minutes…
EU Warship Secures Tanker Crew After Somali Pirate Attack
An EU warship secured the crew of an oil products tanker on Friday after it was attacked by pirates off Somalia, its operator and a European Union naval mission said, as worries grow over a resurgence of piracy after years of calm.Just hours earlier, in a separate incident, another vessel successfully outran a pirate skiff in the same area, maritime sources said.A recent spate of attacks on vessels off the Horn of Africa, including the first involving suspected Somali pirates in a year…
Second Edition of Ship to Ship Transfer Guide Published
The Chemical Distribution Institute (CDI), International Chamber of Shipping (ICS), Oil Companies International Marine Forum (OCIMF) and the Society of International Gas Tanker and Terminal Operators (SIGTTO) have released the second edition of ‘Ship to Ship Transfer Guide for Petroleum, Chemicals and Liquefied Gases’.Originally published by OCIMF in 1975, the STS Transfer Guide was consolidated in 2013 through the combined expertise of CDI, ICS, OCIMF and SIGTTO. Recognized globally by the tanker industry and IMO Member States as the definitive reference for safe and effective STS operations…
Russia’s Arctic LNG 2 Loads Another Tanker
A liquefied natural gas tanker has left Russia's Arctic LNG 2 after loading a cargo there, according to data compiled by LSEG and analytics firm Kpler, as the project continues output despite Western sanctions over Moscow's war in Ukraine.The Christophe De Margerie tanker arrived at Arctic LNG 2 on October 17 and departed loaded on October 20, according to Kpler data. Shipping database Equasis lists the tanker's registered owner as Zelitiko Shipping, and its ship or commercial manager as Gas Carriers SCF Management…
Operation to Salvage LPG Tanker MV Falcon Underway
An operation was underway on Monday to salvage the liquefied petroleum gas tanker MV Falcon, which remains on fire and adrift in the Gulf of Aden following an October 18 explosion on board, maritime security sources said.The Cameroon-flagged vessel was fully laden when the explosion occurred at 0700 GMT as it was sailing off Yemen, forcing most of its 26 crew members to abandon the vessel.The cause of the blast is unclear, but early indications suggest it was an accident related to its cargo…
HGK Shipping Names Third Tanker for Inland Shipping
HGK Shipping celebrated the naming ceremony for the gas tanker, “GAS 96”, in Rotterdam on October 9, 2025. This is the third gas tanker that combines optimization for operations in shallow waters with a diesel-electric “future-fuel-ready” drive system for Europe’s largest inland waterway shipping company.The “GAS 96” will operate on the Rhine routes between Rotterdam, Antwerp and Cologne with immediate effect and transport gases that have been liquefied under pressure for the chemicals group, LyondellBasell (LYB).
Svanehoj Acquires KOHO Kompressorsysteme
Svanehoj, an ITT company, acquired Germany-based Köhler & Hörter GmbH (KOHO Kompressorsysteme, or KOHO), a family-owned company specializing in high-quality compressors for a wide range of industries, including shipbuilding. The acquisition closed on October 1, 2025. In recent years, Svanehoj has expanded its position as a supplier of marine pumps, tank control systems, and related service solutions. The acquisition of KOHO Kompressorsysteme represents the next strategical step for Svanehoj in the gas segment as the global gas tanker market continues to grow.
First LPG Tanker Docks at New Texas Terminal
A liquefied petroleum gas tanker moored at the Enterprise Products Partners terminal along the Neches River in Texas, ship tracking data showed on Wednesday, the first vessel to arrive for loading at the facility.Energy research firm Vortexa said the mooring signaled the commissioning of the plant. Enterprise did not immediately reply to a request for a comment.Enterprise, one of the top U.S. ethane producers and exporters, has been adding to its natural gas liquids business by…
Greek Shipping Companies Increase Security Inspections After Recent Blasts
Greek shipping companies calling at Russian ports are boosting their vessels' defences after a series of mysterious blasts in recent months have damaged tankers linked to Moscow's oil trade according to six Greek shipping and security sources.The measures include underwater inspections by divers to check for foreign objects, two of the Greek sources familiar with the strategy said.Western countries have hit Russia with waves of sanctions over its war in Ukraine and the Group of Seven major powers has separately imposed a price cap of $60 a barrel on Moscow's oil exports…
AD Ports Group: First Ship-to-Ship LNG Bunkering at Khalifa Port
AD Ports Group, a global enabler of trade, transport, industry, and logistics, recently hosted its first ship-to-ship (STS) liquified natural gas (LNG) bunkering operation at its flagship deep-water Khalifa Port.The STS bunkering was part of a simultaneous operation, in which the container vessel MSC Thais, berthed at Abu Dhabi Terminals, received LNG fuel from the dedicated LNG bunker vessel Green Zeebrugge, supplied by marine fuels provider Monjasa. The operation demonstrated the concurrent transfer of LNG and cargo…
Transpetro Launches Tender for Eight Gas Tankers
Transpetro, a unit of Brazil's state-run oil company Petrobras, has launched an international tender to contract eight gas tankers and expects to launch 13 others by the end of next year, Chief Executive Sergio Bacci said at an event on Monday.The tenders are part of ongoing plans to renew Transpetro's fleet while boosting the country's shipbuilding sector, a priority for President Luiz Inacio Lula da Silva.The vessels are part of a group of 25 new ships, with 16 already listed in Petrobras' strategic plan for the 2025-2029 period and four commissioned to local shipyards in a December deal."We
LNG Carriers Shift Away from Arctic Routes as Winter Nears
Ships carrying Russian liquefied natural gas (LNG) to Asia are returning to the longer routes around Africa's Cape of Good Hope rather than those along the Arctic shore as the winter season begins, LSEG data showed on Thursday.Russia's new Arctic LNG 2 project also lacks enough ice-class gas carriers to continue navigation along the Northern Sea Route, although some such tankers still sail it.According to LSEG data, the conventional gas tanker LNG Megrez loaded at Yamal LNG plant on Oct. 2 and started its voyage around Africa to Asia with arrival set for Nov.
Sanctioned Ship Spotted Transferring Arctic LNG 2 Cargo
A U.S.-sanctioned gas tanker that picked up a cargo from Russia's new Arctic LNG 2 plant this month has been spotted carrying out a ship-to-ship transfer, suggesting Moscow is managing to continue some exports from the project.Monitoring service TankerTrackers.com said in an X post on Monday that the Pioneer had conducted a transfer to the Palau-flagged, UAE-owned and Indian-managed New Energy tanker north of the Suez Canal.The Arctic 2 LNG plant, which was planned to be Russia's largest…
Stranded Tanker Moved to Egyptian Port
A Liberian-flagged natural gas tanker that was stranded in the Gulf of Aqaba on Friday has been moved away, said two Egyptian sources at the southern Sinai nature reserves.One of the sources said the ship was moved to Sharm el-Sheikh port, with both sources saying the tanker had been empty and had suffered an engine malfunction.The Egyptian environment ministry said on Sunday that a state of environmental emergency had been imposed in the southern Sinai area in case of any pollution or leaks from the stranded ship.
Shallow Water, No Problem: HGK Orders Gas Tanker with "Special Dimensions"
Optimized to deal with shallow water levels, a diesel-electric drive system and an extra-wide design for the vessel are the main features of a gas tanker that HGK Shipping ordered from the Dutch shipyard, De Gerlien Van Tiem, on September 15, 2023. The latest addition to the fleet will enable the Duisburg, Germany inland shipping company to maximize cargo carriage even if water levels are low. “GAS 96” has been developed in close cooperation in line with the requirements of two large chemicals companies in the Netherlands and Germany.
Shell Shipping, Orca AI Aim to Drive Navigation Innovation
Shell Shipping & Maritime and Orca AI kicked off with a pilot project trialing Tel Aviv-based start-up Orca AI’s maritime navigation platform on a Shell-managed gas tanker. But it has now morphed into a long-term development collaboration resulting in new features that can significantly enhance safety at sea. Here Saurabh Kumar, Project Engineer at Shell Shipping & Maritime, and Dor Raviv, CTO at Orca AI, reflect on outcomes and benefits of the partnership so far.Navigational error resulting in collision or grounding is one of the highest safety risks associated with maritime transport.
OCIMF Updates Safety Guide for Tank Barges and Terminals
Oil Companies International Marine Forum (OCIMF) and the inland navigation sector with the support of the Central Commission for the Navigation of the Rhine (CCNR) have collaborated with other European organizations to produce the second edition of the International Safety Guide for Inland Navigation Tank-barges and Terminals (ISGINTT).The purpose of ISGINTT is to improve the safe transport of dangerous goods at the interface between inland tank barges and other vessels or shore facilities (terminals).