Maritime Vessels Directory

MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit.The forward hull section, built at Sumitomo Heavy Industries Marine & Engineering's Yokosuka shipyard in Japan, has departed for China, where it will be integrated with the aft hull section before the vessel moves to the next stage of construction.The project is the first to use MODEC's Next Generation Hull (NGH) design and the first FPSO hull to be built in partnership with Sumitomo Heavy Industries Marine & Engineering under the company's multi-yard construction model

A.P. Moller Holding to Acquire Ocean Yield from KKR

4 days ago

A.P. Moller Holding has agreed to acquire 100% of Oslo-based ship leasing company Ocean Yield from funds managed by investment firm KKR, expanding its maritime portfolio.Ocean Yield has interests in more than 70 vessels across several shipping segments, including gas carriers, LNG carriers, container ships, crude, product and chemical tankers, and dry bulk carriers.Under KKR's ownership since 2021, Ocean Yield has invested more than $3 billion to expand its portfolio, diversify its investment-grade customer base and nearly double its long-term contracted backlog to more than $5 billion, the companies said.The financial details of the transaction were not disclosed.

Container Ship Runs Aground Outside Iran-Approved Hormuz Route

5 days ago

Iran's state media said on Wednesday a foreign container ship ran aground in the Strait of Hormuz after entering shallow waters outside the shipping route designated by Iranian authorities.State media reiterated the Revolutionary Guards' warning that vessels should transit only through the corridor south of Iran's Larak island, which Tehran says is the sole approved entry and exit route for ships passing through the strait.(Reuters - Reporting by Dubai Newsroom; Editing by Alex Richardson)

China Alarms Other Pacific Powers With Missile Test

17 minutes ago

China's military test-fired a missile from a nuclear-powered submarine into the Pacific on Monday, state media reported, drawing criticism and concern from Japan, Australia, New Zealand and Taiwan.A People's Liberation Army (PLA) Navy submarine launched the missile, carrying a dummy warhead, toward international waters in the Pacific at 12:01 p.m. (0401 GMT), the official Xinhua news agency said.Xinhua described the launch as a "routine arrangement" of China's annual military training and not directed against any specific country or target. Chinese Foreign Ministry spokesperson Mao Ning said the launch was conducted "safely, in a standardised and professional manner throughout.

Ukrainian Drones Hit Largest Russian Refinery in Siberia

19 minutes ago

Ukrainian drones struck Russia's Omsk refinery, the country's largest and located deep in Siberia, in what would be one of the longest-ranged Ukrainian strikes since the beginning of the war, Kyiv's military said on Monday, with local Russian authorities also confirming a strike.In a statement, Ukraine's General Staff said that the strike had caused a fire at the Omsk refinery, which is located around 2,700 km (1,700 miles) from Ukrainian-held territory and close to Russia's border with Kazakhstan.Vitaly Khotsenko, governor of the Omsk region, said Ukraine had attacked the refinery and said that Russian air defences had destroyed most of the drones involved in the strike.

Maritime Reporter and Engineering News (June 2026)