Maritime Vessels Directory

A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul's Bosphorus strait on Thursday, Turkey's transportation minister said.The incident, one of several in recent months involving Western-sanctioned vessels heading to or from Russian ports, occurred in the early hours, minister Abdulkadir Uraloglu told broadcaster Kanal 24.All 27 crew were safe, he said, adding that the coastguard had been dispatched to the vessel, the Altura, which was about 18 nautical miles (33 km) from the Bosphorus, a key commodities-shipping channel linking the Black Sea with the Marmara and Mediterranean.

Fincantieri Profit Surge Underpins Outlook, Strategy Shift

23 hours ago

Italian shipbuilder Fincantieri reported a more than fourfold jump in its annual profit to 117 million euros ($136 million) on Wednesday, boosted by the underwater business line that saw 88% revenue growth.Shares of the Trieste-based company gained up to 7.5% shortly after the results.The state‑controlled shipbuilder reiterated its 2026 targets for revenue of 9.2 billion to 9.3 billion euros, a core profit (EBITDA) margin of around 7.5%, and an increased net profit."We are preparing to capture further growth in demand in the defense sector, by doubling the production capacity of Italian shipyards," CEO Pierroberto Folgiero said.

Iran War Hits Natural Gas Harder than Oil

yesterday

At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz.But beneath that surface symmetry lies a critical imbalance. The global gas supply chain has fewer rerouting options and less storage capacity than the oil market - making the fallout for gas consumers considerably more acute.Key gas infrastructure - liquefaction plants in particular - is more complex and expensive to build and repair than the oil equivalent. That means oil refineries can often resume operations more quickly than liquefied natural gas export hubs after a shutdown.

Bahrain Pushes UN Action on Hormuz Shipping, France Offers Alternative

2 days ago

Bahrain has put forward a draft U.N. Security Council resolution that would authorise countries to use "all necessary means" - diplomatic language for force - to protect commercial shipping in and around the Strait of Hormuz, according to a text seen by Reuters on Monday.Diplomats said the draft text was backed by other Gulf Arab states and the United States, although they said it was unlikely to get through the council, where Russia and China had veto power.France circulated a more conciliatory alternative draft resolution, seen by Reuters, on Monday evening.

TotalEnergies Abandons US Offshore Wind for Fossil Fuel Projects

2 days ago

The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.His administration has moved to increase domestic fossil fuel production and scrap policies that support clean energy development."This agreement is yet another win for President Trump's commitment to affordable and reliable energy for all Americans," Interior Secretary Doug Burgum said in a statement.

Maritime Reporter and Engineering News (February 2026)