Maritime News

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  • Marine Accident Investigation Unit Established
    on 2 January 2026 at 3:35 pm

    Minister for Transport Darragh O’Brien has announced the establishment of the Marine Accident Investigation Unit (MAIU) within the Department of Transport. From January 1, 2026, the MAIU replaces the Marine Casualty Investigation Board (MCIB)…

  • Oil Prices Fall After Biggest Annual Loss Since…
    on 2 January 2026 at 3:06 pm

    Oil prices dipped on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks including the war in Ukraine and Venezuela exports.Brent crude futures…

  • Japan Tests Deep Seabed Mining of Rare-Earth Mud
    on 2 January 2026 at 1:48 pm

    Japan will conduct test mining of rare-earth-rich mud from the deep seabed off Minamitori Island, some 1,900 kilometres (1,180 miles) southeast of Tokyo, from January 11 to February 14, the head of the government-backed project said.The operation…

  • Petrobras FPSO Initiates Búzios 6 Production
    on 2 January 2026 at 1:22 pm

    The FPSO P-78 can produce up to 180,000 barrels per day and will increase the gas supply.Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, this Wednesday, December 31, 2025.

  • China Received LNG Shipments from Sanctioned…
    on 2 January 2026 at 1:14 pm

    China received 22 shipments of liquefied natural gas (LNG) last year from two export projects in Russia sanctioned by the United States and European Union, shiptracking data showed.One shipment was from Portovaya and the rest were from the Arctic LNG 2 project…

  • Offshore Wind: Building the UK’s First…
    on 2 January 2026 at 12:50 pm

    As offshore wind rises to meet ambitious climate goals, balancing the need for infrastructure with maintaining biodiversity has become a pressing challenge. One innovative, recent example is the installation of the UK’s first nearshore artificial nesting structures…

  • Maduro Suggests Talks with U.S. on Drugs, Oil
    on 2 January 2026 at 12:31 pm

    Venezuela’s President Nicolas Maduro has extended an olive branch to U.S. President Donald Trump, proposing serious talks on combating drug trafficking and offering U.S. companies ready access to Venezuelan oil.Maduro said Venezuela was a “brother…

  • Offshore Rig Outlook: As 2025 Challenges Fade,…
    on 2 January 2026 at 12:20 pm

    While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024…

  • Low Demand, High Supply Keeps Asia LNG Spot…
    on 2 January 2026 at 11:24 am

    Asian spot liquefied natural gas prices started the year steady, as muted regional demand and ample supply kept the market flat following a 34% slump in 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 per million British thermal units (mmBtu)…

  • Following Big Loss in 2025, Oil Steadies
    on 2 January 2026 at 11:16 am

    Oil prices steadied on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks including the war in Ukraine and Venezuela exports.Brent crude futures…