Kuang Ming (Liberia) Corp.

Yemen's Houthis said on Monday they launched a missile towards the Israeli-owned tanker Scarlet Ray near Saudi Arabia's Red Sea port city of Yanbu in a rare attack off the Saudi coast.The Liberia-flagged vessel's Singapore-based manager, Eastern Pacific Shipping, owned by Israeli magnate Idan Ofer, said the chemical tanker was undamaged and under the command of its captain."We are aware of security reports alleging that our managed vessel Scarlet Ray was the target of a suspected Houthi attack," Eastern Pacific said in a statement on Monday, adding that all crew members were safe and accounted for.

Singapore-registered tanker Marine Dynamo and a Malta-registered bulk carrier Flag Gangos have collided south of Tanah Merah in Malaysia.Both vessels are stable, following the incident that occurred in the early hours of September 1, the Maritime and Port Authority of Singapore (MPA) informed.Light oil sheens have been sighted in the vicinity of Marine Dynamo. The Master of Marine Dynamo reported that Marine Gas Oil (MGO) used for vessel’s propulsion stored in the service tank above the waterline, had spilled as a result of the collision.MGO, which is a light fuel similar to diesel, is expected to evaporate and break down readily in the environment.

A large buildup of U.S. naval forces in and around the Southern Caribbean has officials in Caracas and experts in the United States asking: is the move aimed at combating drug cartels, as the Trump administration has suggested, or is it for something else entirely?Seven U.S. warships, along with one nuclear-powered fast attack submarine, are either in the region or are expected to be there soon, bringing along more than 4,500 sailors and marines.U.S. President Donald Trump has said combating drug cartels is a central goal for his administration and U.S. officials have told Reuters that the military efforts aim to address threats from those cartels.

European defense giant Rheinmetall has signalled interest in taking over German shipbuilder Naval Vessels Luerssen, industry sources told Reuters on Wednesday, as the Duesseldorf-based firm looks to expand into the naval business.According to the Bild newspaper, which first reported Rheinmetall's plans, the supervisory board intends to consider the purchase in the coming weeks.According to Bild, the Luerssen family, who own the shipbuilder, plan to divest its military shipyards in Hamburg, Wilhelmshaven and Wolgast to focus on building megayachts.

Seatrium has secured a contract from Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the upgrading of floating liquefied natural gas (FLNG) unit Hilli Episeyo.Scheduled to enter the yard in the third quarter of 2026, the project involves technical modifications for FLNG Hilli Episeyo’s redeployment.The scope of work includes engineering and procurement of long-lead items, repair and life extension and winterization of the vessel, as well as the installation of a new soft-yoke mooring system.