Infomarine On-Line Maritime News

Oil Prices Fall on Looming Supply Glut

Oil prices fell by more than $1 a barrel on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of talks this weekend

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Maritime History: Effort Underway to Preserve Historic Passenger Vessel

On January 8, 2026, NYK will launch an expert committee dedicated to the long-term preservation of Hikawa Maru, a national Important Cultural Property moored in front of Yokohama’s Yamashita Park.Since 2024, NYK

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Iran Seizes Foreign Tanker Over Alleged Fuel Smuggling

Iran has seized a foreign oil tanker near the Iranian island of Qeshm in the Gulf, saying it was carrying 4 million litres of smuggled fuel, state media reported on Friday.Authorities did

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US Orders Military to Enforce ‘Quarantine’ of Venezuelan Oil

The White House has ordered U.S. military forces to focus almost exclusively on enforcing a "quarantine" of Venezuelan oil for at least the next two months, a U.S. official told Reuters, indicating

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Phoenix Assists US Navy with Aircraft Recovery in the South China Sea

Phoenix's International (Phoenix) recently assisted the Naval Sea System Command (NAVSEA) Supervisor of Salvage and Diving (SUPSALV) with the successful recovery of an MH-60R helicopter and an F/A-18F Super Hornet fighter aircraft.

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MOL Gets ClassNK Approval for Jointing and Burial Vessels Design

Mitsui O.S.K. Lines (MOL) has secured an approval in principle (AiP) from ClassNK for the basic design of specialized vessels to joint and bury subsea power cables.MOL is working with Sumitomo Electric

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Eidesvik Offshore Secures Work for Viking Princess PSV

Norwegian offshore vessel owner Eidesvik Offshore has secured a contract for its Viking Princess platform supply vessel (PSV).The contract has been signed with operators DNO Norge, Sval Energi, which is another DNO

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BP Sells Majority Stake in Castrol to Stonepeak for $6B

BP has agreed to sell a 65% stake in its Castrol lubricants business to infrastructure investor Stonepeak at an enterprise value of about $10 billion, as the energy major presses ahead with

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Venezuela Turns to Floating Oil Storage as Onshore Tanks Fill

Venezuela's state-run oil company PDVSA has started filling tankers with crude and fuel oil and keeping them in Venezuelan waters, as inventories have mounted due to the U.S. seizing Venezuela-linked ships at sea, according to company documents and shipping data.This month,