Ferguson Shipbuilders Ltd. Newark Works

A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.Democratic Senators Tammy Baldwin of Wisconsin and Mark Kelly of Arizona as well as Republicans Tim Scott of South Carolina and Todd Young of Indiana told Trump in a letter sent on Monday that China's decades-long effort to "decimate American shipbuilding" demanded the use of U.S. trade measures to their fullest extent.

Two more tankers laden with crude exited the Strait of Hormuz last week with trackers switched off to avoid Iranian attacks, Kpler shipping data showed, underscoring a rising trend to sustain Middle East oil exports.The very large crude carrier (VLCC) Basrah Energy loaded 2 million barrels of Upper Zakum crude from Abu Dhabi National Oil Co's (ADNOC's) Zirku terminal on May 1 and exited the Strait of Hormuz on May 6, the data showed on Monday.The Panama-flagged vessel offloaded its cargo at the Fujairah Oil Tanker Terminals on May 8, according to the data.It was not immediately clear which company chartered the tanker owned and managed by shipper Sinokor.

MISC Group (MISC) named two new generation Liquefied Natural Gas (LNG) carriers, Seri Dian and Seri Dayang, on May 7, 2026. The addition of these vessels further strengthens its long-standing partnership with SeaRiver Maritime LLC (SRM), a wholly owned subsidiary of ExxonMobil.Constructed by Hanwha Ocean Co., Ltd., the 174,000 CBM LNG carriers are equipped with smart and energy-efficient technologies, including the Intelligent Control by Exhaust Recycling (ICER) system and an enhanced cargo containment system with reduced boil-off rates to improve efficiency and support safer operations.

The U.S. military said it carried out retaliatory strikes on Iran on Thursday, targeting sites it said were responsible for attacking U.S. forces in what it called unprovoked hostilities by Tehran.Earlier, Iran's top joint military command said the U.S. had violated a ceasefire by targeting an Iranian oil tanker and another ship entering the Strait of Hormuz, and by striking civilian areas."U.S. Central Command (CENTCOM) eliminated inbound threats and targeted Iranian military facilities responsible for attacking U.S. forces including missile and drone launch sites; command and control locations; and intelligence, surveillance and reconnaissance nodes," the military said in a statement.

An LPS 550 fitted with an electric drive from Liebherr’s Baltic-side production facility has been delivered to Middlesbrough to increase PD Ports’ productivity. The new machine will focus on bulk work at Teesport, complementing two sister cranes commissioned in 2023, strengthening hatch coverage and maintaining consistent cycle times.Day-to-day, the Port supports a complex gateway that handles tens of millions of tonnes of cargo each year, with over USD$1.9 billion (£1.4 billion) contributed to the regional economy.