Maritime Vessels Directory

A record wave of global investment in new ships is translating into sustained growth for Germany's marine equipment industry, with suppliers reporting rising revenues, strong order books and growing optimism despite mounting geopolitical and competitive pressures.According to the latest industry survey from VDMA, Germany's maritime supplier sector posted average revenue growth of 5.2% in 2025, marking its fourth consecutive year of expansion. The results underscore how a historic global shipbuilding cycle—driven by fleet renewal, decarbonization investments and naval rearmament—is benefiting companies that supply propulsion systems, machinery, automation

Commercial Ships Hit in Hormuz Missile Attacks

8 hours ago

Iran's Revolutionary Guards fired at least two missiles at commercial ships transiting through the Strait of Hormuz on Monday night, Axios reported, citing two U.S. officials.Two commercial ships suffered significant damage but had no casualties, the report said, citing a U.S. official.Separately, Britain's maritime security agency said a tanker caught fire after being hit by an unknown projectile east of Oman's Limah early on Tuesday.The United Kingdom Maritime Trade Operations agency (UKMTO) said early on Tuesday that the tanker was struck on its port side while travelling southbound about 8 nautical miles (15 km) east of Limah, causing a fire.

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

5 days ago

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

5 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.

Two Vessels Struck Near Hormuz, LNG Tanker at Risk of Explosion

9 minutes ago

A Qatari LNG tanker was at risk of exploding and a Saudi-flagged crude oil tanker was damaged near the Strait of Hormuz, sources said on Tuesday, after reports that Iran fired missiles at ships in the waterway overnight.The Al Rekayyat, loaded with liquefied natural gas, sent out distress signals seeking assistance after it was hit on its port side, one of the sources said. Another source briefed on the matter said the vessel was at risk of exploding due to a fire in its engine room. The crew were safe and were being evacuated."Mayday mayday mayday. This is vessel Al Rekayyat, LNG vessel Al Rekayyat.

Maritime Reporter and Engineering News (June 2026)