Friday, November 14, 2025
Media Kit
IRGC attack boats harassing a U.S. Navy vessel in the Strait of Hormuz (USN)

Iran Seizes Foreign-Flagged Tanker in Gulf of Oman

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Marco Polo Marine is known for delivering specialized vessels like this CSOV (Marco Polo Marine file image)

Marco Polo Marine to Build High-Spec Research Vessel for Taiwan

Published Nov 14, 2025 2:30 PM by The Maritime Executive

  Singapore’s Marco Polo Marine Group has been awarded $152 million contract to build a high-spec research vessel for Taiwan’s National Academy of Marine Research (NAMR), under the Ocean Affairs Council. The tender was secured by the Group’s subsidiary Marco Polo Shipyard based in Batam, Indonesia. The order involves design and construction of a 4,000 gross ton (GT) vessel, marking the largest contract win since the shipyard opened in 1991. The deal highlights the shipyard’s growing capabilities in construction of...

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tanker

Op-Ed: Mideast Reclaims Key Role in VLCC Market as OPEC+ Reopens the Tap

Published Nov 13, 2025 11:43 PM by Mette Fredericksen

  As the global VLCC community gathers in Dubai for Bahri Week, all eyes are once again on OPEC and Middle East production policy. OPEC+ members, led by Saudi Arabia, have begun unwinding their voluntary production cuts, and the return of supply is reshaping momentum across both oil and tanker markets. After more than a year of orchestrated oil market tightness, the reintroduction of barrels is reestablishing the Middle East as the core driver of VLCC demand. In oil markets,...

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File image: the Pentagon's 15th boat strike (Pete Hegseth / X)

Report: U.S. Military Destroys 20th Suspected Drug Boat

Published Nov 13, 2025 11:37 PM by The Maritime Executive

  The U.S. military has killed another four suspects in its new airstrike campaign against suspected smuggling boats off Latin America, according to CBS and the New York Times. The strike is the 20th in the series, and brings the total number of deceased to 80 people.  Pentagon officials confirmed the attack to both outlets, but a formal announcement of the action is still pending, reportedly because top officials are awaiting video footage. The attacks are controversial in legal circles,...

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Novorossiysk

Video: Ukraine Hits Russian Oil Terminal at Novorossiysk

Published Nov 13, 2025 11:01 PM by The Maritime Executive

  Ukrainian forces carried out a massive strike on the Russian port of Novorossiysk, inflicting significant damage on oil loading terminals that are vital to Russia's revenue stream. At least one vessel has also been reported damaged on Russian social media, but the claim has not been confirmed. Novorossiysk is home to the Sheskharis loading terminal, where Transneft's pipelines from inland Russia deposit Urals crude into tankers for export. The terminal appears to have been hit hard in the Ukrainian...

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Offshore

FPSO

Nigeria Gets its First Locally-Owned FPSO

  Nigeria has welcomed its first locally owned floating production, storage and offloading (FPSO) vessel. The FPSO Emem is owned by the Nigerian oil company Oriental Energy Resources (OER). This reveals growing capacity by local producers to deliver complex offshore development in a market dominated by global oil majors. The FPSO has been undergoing conversion at the Drydocks World Dubai Shipyard, which was initially scheduled to be completed in February. After almost eight months of delay, Nigerian Minister for Petroleum...

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Shipbuilding

Marco Polo Marine is known for delivering specialized vessels like this CSOV (Marco Polo Marine file image)

Marco Polo Marine to Build High-Spec Research Vessel for Taiwan

  Singapore’s Marco Polo Marine Group has been awarded $152 million contract to build a high-spec research vessel for Taiwan’s National Academy of Marine Research (NAMR), under the Ocean Affairs Council. The tender was secured by the Group’s subsidiary Marco Polo Shipyard based in Batam, Indonesia. The order involves design and construction of a 4,000 gross ton (GT) vessel, marking the largest contract win since the shipyard opened in 1991. The deal highlights the shipyard’s growing capabilities in construction of...

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Environment

Harbor and iron or pier at Saldanha Bay, South Africa (Hp.Baumeler / CC BY SA 4.0)

Study: South Africa-Europe Shipping Route Could Run on Ammonia by 2029

  Despite the existing uncertainty in global regulations for clean shipping, some decarbonization initiatives are setting ambitious targets for transitioning to alternative fuels. One such example is the South Africa-Europe iron ore shipping route, which could feasibly deploy ammonia-fueled bulk carriers as soon as 2029 and scale toward full decarbonization by 2035. These findings are contained in a feasibility study by the Global Maritime Forum, produced in partnership with a consortium formed in 2023 to develop a green shipping corridor...

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Business

cash

Four Glencore Traders Plead Not Guilty to Bribery Charges

  Four former employees of trader Glencore have pleaded not guilty to charges of bribery in connection with the firm's oil operations in Nigeria, Ivory Coast and Cameroon in 2007-14.   Paul Hopkirk, 51; Martin Wakefield, 66; David Perez, 54; and Ramon Labiaga, 56, have been arraigned at a UK court and have pleaded not guilty to charges of "conspiracy to give corrupt payments" to local officials and intermediaries. Gibson, Perez and Wakefield face an additional charge of falsifying accounting documents for...

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