RMG 300

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 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.

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)

July 6 presents a modest but operationally significant shift at Kharg Island, where both the western and eastern crude terminals were reoccupied overnight by dark ballast tankers, fresh arrivals not present in the July 5 collection, indicating a new loading cycle is opening after a period of terminal vacancy. Three dark VLCC-class tankers of approximately 333 meters are now at berth across both terminals, with loading expected to commence within 6 to 24 hours.July 5 recorded 36 AlS-visible transits, 20 inbound and 16 outbound, with the southern corridor accounting for 11 of 16 outbound transits, a notably higher share than the northern corridor's 5.

The Maritime and Port Authority of Singapore (MPA) and World Maritime University (WMU) have signed a Memorandum of Understanding (MOU), reaffirming their commitment to nurturing and developing maritime leaders and contributing to capacity development for the international maritime community. The MOU was signed by Mr Ang Wee Keong, Chief Executive of MPA, and Professor Maximo Q. Mejia, Jr., President of WMU, on the sidelines of the 137th Session of the International Maritime Organization Council in London.