KÅGTIND

When tensions rise in the Middle East, it can be helpful to look at what is not happening as much as what is.In the crude oil market, this means focusing on the fact that so far not a single barrel of crude oil supply has been lost. It is in the interests of all involved parties that this remains the case.Crude oil prices rose again in early trade in Asia on Monday, with global benchmark Brent futures LCOc1 gaining 2.1% to trade at $75.76 a barrel.This built upon the 7% leap on June 13, which saw Brent rise to the highest in nearly five months as Israel launched a series of drone and air strikes that killed several top Iranian commanders and nuclear scientists and damaged nuclear facilities.

Ships warned to avoid Red Sea, log Hormuz voyages after Israel hits IranMerchant shipping is continuing to pass through the Strait of Hormuz despite Israel's attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region.Iran has in the past threatened to close the critical Strait of Hormuz to traffic in retaliation for Western pressure. Any closure of the Strait could restrict trade and impact global oil prices.

Davie, a leader in icebreaker and specialized vessel construction, announced plans to acquire shipbuilding assets in Galveston and Port Arthur from Gulf Copper & Manufacturing Corporation — marking a major step toward revitalizing large-scale shipbuilding of icebreakers in the United States. The move underscores growing momentum behind domestic production of ice-capable vessels and aligns with U.S. maritime security and industrial revitalization goals.The deal, expected to close in summer 2025, is subject to standard financial, regulatory, and land lease approvals, including negotiations with the Galveston Wharves Board of Trustees.

Korean Register (KR) signed a MOU with HD Hyundai Samho to jointly develop AI-based solutions for ship design and analysis.This is a part of a broader digital transformation strategy aimed at enhancing design productivity and strengthening the capabilities of ship design engineers in the rapidly evolving shipbuilding landscape, focused on leveraging AI to build a more efficient and accurate ship design system. The two objective are: The development of an AI-powered optimization and structural assessment solution for hull support arrangement, automating the process using AI

RenewableUK and the Offshore Wind Industry Council (OWIC) have released a new report showing that the number of people working in the offshore wind industry has risen from just over 32,000 two years ago to nearly 40,000 today – an increase of 24%.The Wind Industry Skills Intelligence Report 2025 has also revealed that the number of people working in onshore wind in the U.K. now stands at just over 15,000. This brings the UK’s total current wind industry workforce to over 55,000.The report projects future job numbers by examining three potential deployment scenarios for offshore wind in 2030, with installed capacities of 39 GW, 47 GW and 52 GW.