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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.

The fire fighting operation is ongoing onboard the Singapore-registered container vessel Wan Hai 503, off the coast of India, as search and rescue operation for the four missing crew continues.A fire broke out on Wan Hai Lines (Singapore) Pte Ltd.-managed container ship Wan Hai 503 on June 9 off India’s Kerala coast, following multiple explosions that forced several crew members to jump overboard.According to the latest update from the Maritime and Port Authority of Singapore (MPA), the operation to extinguish the fire is still ongoing, with two additional fire-fighting vessels deployed by the Indian authorities and the vessel owner scheduled to arrive onsite.

Aramco President & CEO Amin H. Nasser used his address at Energy Asia 2025 to deliver a pointed message: the global energy transition must be rebalanced with pragmatism, especially for fast-growing regions like Asia that are still heavily reliant on conventional energy.In his speech, Nasser said that the transition narrative of recent years — one that promised a swift, seamless move away from oil and gas — has not aligned with the realities of global demand, particularly in Asia. “We were told it would be rapid, painless, and inevitably mean the collapse of conventional energy. Yet oil demand still exceeds 100 million barrels per day, with no sign of collapsing,” he said.

Russia's seaborne grain exports fell to 2.1 million metric tons in May, a fall of 62.9% compared to the same month of 2024, according to shipping data from industry sources released on Monday.Russia, the world's leading wheat exporter, shipped grain to global markets at a record pace during the first part of the 2024/25 marketing season, which began on July 1 last year. However, the introduction of export quotas in February resulted in a sharp decline in exports.Total seaborne exports have reached 44.6 million tons so far this season, down 27.7% year-on-year, according to the data.Exports via Black Sea terminals decreased by 63% year-on-year to 1.9 million tons in May.