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Saudi Arabia’s national shipping carrier Bahri has signed a contract with shipyard International Maritime Industries to build three 320,000-dwt VLCCs for delivery between 2029 and 2030.
Iran’s declared closure of the Strait of Hormuz and a wartime-high wave of tanker attacks dominated a week that also brought record containership orders, major port and tanker-fleet acquisitions, and new fuel-transition milestones.
Greece’s Minister of Shipping and Island Policy Vasilis Kikilias met senior Japanese officials in Tokyo to deepen bilateral cooperation on shipyards, ports, maritime safety and IMO decarbonization talks.
HD Hyundai Marine Solution has agreed to buy 100% of Goltens Worldwide, a leading independent marine engine maintenance company, for approximately $247 million.
Egypt and South Korea upgraded relations to a strategic partnership and signed shipbuilding and maritime cooperation memoranda, with Cairo pitching a Korean industrial zone inside the Suez Canal Economic Zone.
Maersk has confirmed an order for 26 large container vessels of 18,600 TEU each, equipped with dual-fuel engines able to run on liquefied gas, as part of its fleet renewal programme.
Greek Shipping Minister Vassilis Kikilias underscored the strategic importance of Greece-Japan maritime cooperation, noting Greek owners rank as Japanese shipyards’ second-best customers for newbuilding orders.
COSCO Shipping Energy has ordered four new LNG carriers from China’s Jiangnan Shipyard in a deal worth more than $900 million, expanding its gas-carrying fleet.
LNG carrier deliveries are on pace for a record 90 to 100 vessels in 2026, as owners race to keep up with rising liquefied natural gas export capacity.
A goal-based IMO framework for autonomous ships took effect July 1, 2026, as remotely operated vessels move from trials into revenue-generating subsea work.
