Global Bunker Prices
Last update --:-- UTC

Marshall Islands Registry: Gearing Up for Further Growth

Marshall Islands Registry: Gearing Up for Further Growth
in
Hellenic Shipping News
18/05/2026
T
he IRI / Marshall Islands Registry is gearing up to further grow, with quality in mind, over the coming years. Reflecting on the changes of the past 20 years and today’s challenges, Mr. Theofilos Xenakoudis, Chief Commercial Officer and Managing Director of the IRI / Marshall Islands Registry, Piraeus Office, said in an exclusive interview with Hellenic Shipping News Worldwide: “Twenty years ago, communication was different and vessel owners and operators looked at the flag State as a regulator.

Global Oil Inventories Are Collapsing at Record Pace, IEA Warns

Global Oil Inventories Are Collapsing at Record Pace, IEA Warns

Stock Photo: tcly / Shutterstock
Global Oil Inventories Are Collapsing at Record Pace, IEA Warns
Mike Schuler
Total Views: 0
May 18, 2026
The International Energy Agency says the ongoing
Strait of Hormuz crisis
is triggering one of the most severe oil market disruptions in modern history, with global oil demand now expected to contract in 2026 as supply losses mount and inventories collapse at a record pace.
In its latest monthly Oil Market Report released Thursday, the IEA said global oil demand is now forecast to decline by 420,000 barrels per day year-over-year in 2026 to 104 million barrels per day—roughly 1.3 million barrels per day lower than the agency’s pre-war forecast.
The sharpest declines are expected during the second quarter, with global demand projected to fall by 2.45 million barrels per day compared to last year as higher prices, economic weakness and fuel-saving measures ripple through the global economy. The petrochemical and aviation sectors have been hit hardest so

Boskalis Orders Massive New Cable Layer for Offshore Energy Projects

Boskalis Orders Massive New Cable Layer for Offshore Energy Projects

Rendering of Boskalis’ new 24,000-ton Cable Lay Vessel, designed to support long-distance HVDC cable installation for offshore wind farms and international power interconnectors. Image courtesy Boskalis.
Boskalis Orders Massive New Cable Layer for Offshore Energy Projects
Mike Schuler
Total Views: 0
May 18, 2026
Dutch offshore contractor
Royal Boskalis Westminster N.V.
is betting big on the future of subsea power infrastructure, announcing plans to build a massive new 24,000-ton Cable Lay Vessel (CLV) designed to support the rapid expansion of offshore wind farms and cross-border energy interconnectors.
The vessel, unveiled Monday, will feature two 12,000-ton cable carousels — including a concentric carousel configuration — allowing it to install significantly longer continuous cable sections while reducing the number of offshore cable joints required during installation. The design is aimed squarely at the growing market for high-voltage direct current (HVDC) transmission systems, whi

Hantavirus-Hit Cruise Ship Reaches Rotterdam

Hantavirus-Hit Cruise Ship Reaches Rotterdam

A drone view shows a vessel sailing near the cruise ship MV Hondius, which was affected by a hantavirus outbreak, as it arrives for disinfection at the Port of Rotterdam, Netherlands, May 18, 2026. REUTERS/Marta Fiorin
Hantavirus-Hit Cruise Ship Reaches Rotterdam
Reuters
Total Views: 0
May 18, 2026
ROTTERDAM, Netherlands, May 18 (Reuters) – A luxury liner at the center of an outbreak of
hantavirus
docked at the Dutch port of Rotterdam on Monday, where authorities were disembarking the remaining 25 crew members and two medical staff and planned to cremate a German woman who died.
The Dutch-flagged
MV Hondius
cruise was to be disinfected.
It had been ?carrying around 150 passengers and crew from 23 countries when a cluster of severe respiratory illnesses was first reported to the World Health Organization on May 2.
Three people have died. The bodies of a Dutch couple have been repatriated, while a German victim was to be cremated in the Netherlands with her ashes then sent home.
Includin

Norway Joins EU Baltic Sea Strategy as Full Member Amid Regional Security Push

Norway Joins EU Baltic Sea Strategy as Full Member Amid Regional Security Push

Finnish Border Guard’s ship Turva escorts Cook Islands-registered oil tanker Eagle S out to sea on the Baltic, March 2, 2025 near Porvoo, Finland in handout picture released by the Finnish Border Guard. Lehtikuva/Finnish Border Guard/Handout via REUTERS
Norway Joins EU Baltic Sea Strategy as Full Member Amid Regional Security Push
Mike Schuler
Total Views: 0
May 18, 2026
Norway has officially become a full member of the European Union Strategy for the Baltic Sea Region (EUSBSR), marking a significant expansion of regional cooperation as Europe sharpens its focus on security, resilience and economic coordination along its northeastern flank.
The move formalizes Norway’s role in the bloc’s macro-regional framework after years of participating as a de facto partner alongside the eight EU member states bordering the Baltic Sea: Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden.
European Commission Executive Vice-President for Cohesion and Reforms Raffaele Fitto said

Port of Klaipėda moves forward with southern port development project and operator selection

Port of Klaipėda moves forward with southern port development project and operator selection

Port of Klaipėda moves forward with southern port development project and operator selection
in
Port News
18/05/2026
The Port of Klaipėda is preparing for an important next step in the development of the southern part of the port – the selection of operators for a 100-hectare area. The project is expected to become one of the biggest investment projects not only in the port, but also in Lithuania. To help attract strong international operators and ensure a professional tender process, the Port Authority has signed an agreement with transaction advisory company Ernst & Young Baltic.
“This year, we plan to announce an international tender for the operator that will carry out activities in the future territory.

Bidding Announcement of 15188.1MT BULK CARRIER “ZJ2026-0019”

Bidding Announcement of 15188.1MT BULK CARRIER “ZJ2026-0019”
in
International Shipping News
18/05/2026
Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 15:00 to 15:30 (Beijing Time) on June 1st, 2026.
1. Bidding Object:
MV“ZJ2026-0019”,BULK CARRIER;
Class:UMB;
Flag:SAO TOME;
Port of Registry: ZHOU SHAN;
Trading Area:A1+A2+A3;
LOA:144.58m;MLB:21.00m;MLD:10.80m;
DWT:15188.1MT;Cargo Hold Capacity: 19292.26m3;
GT/NT:8973/5363;Light Weight:4069.5MT;
M/E:Shanxi Diesel Engine Heavy Industry Co., Ltd. / 8PC2-5L, 3,824 kW × 520 r/min × 1 set;
Built Date:January 15, 2006;
Builder:NING HAI SHENGLI SHIPBUILDING & REPAIR FACTORY ;
The vessel is currently under the state of bareboat charter export.
All the information and data refer to the bidding object provided in this Announcement as well as the attachments are for reference only.
2.

J-ENG to exhibit at Posidonia 2026

J-ENG to exhibit at Posidonia 2026
in
International Shipping News
18/05/2026
Japan Engine Corporation (J-ENG) will exhibit at “Posidonia 2026”, an international maritime exhibition held in Athens, Greece, from June 1st to June 5th, 2026.
As the decarbonization of international shipping shifts to the social implementation phase, J-ENG is steadily promoting its efforts as a First Mover towards carbon neutrality by 2050 through the practical application of next-generation fuel engines in marine low-speed two-stroke “UE engines”.
As part of this challenge, J-ENG completed the world’s first ammonia-fueled full-scale engine “7UEC50LSJA-HPSCR” in August 2025, and an ammonia carrier equipped with this engine is scheduled to launch in November 2026. In addition, in March 2026, we have started hydrogen co-firing operation for all-cylinder on the hydrogen-fueled full-scale engine “6UEC35LSGH”.
Furthermore, we have also started development of the “UEC60LSJA”, which will be next model for series of

BW Offshore: First quarter results 2026

BW Offshore: First quarter results 2026
in
International Shipping News
18/05/2026
On BW Opal, the replacement of the compressor dry-gas seals was completed in March. Gas production recommenced in early May after a temporary shutdown during March and April for cleaning the heat exchanger trains. A root cause analysis of the heat exchanger fouling has been completed and is currently under joint review by Santos and BW Offshore.