Maritime Propulsion News
10,261 stories, page 5 of 428
CMB.Tech profits soar as tanker prices rise due to the disruption caused by Hormuz
CMB.Tech profits triple as Hormuz disruption spikes tanker rates. Shares up 70% in 2026, EBITDA hits $558.3M. Interim dividend $0.64/share.
Gulf Marine Services' profit in UAE plummets following vessel evacuation
Gulf Marine Services reports a 24% Q1 profit drop due to vessel evacuation amid Iran War tensions, but maintains 2026 profit forecast.
SBM Offshore lifts 2026 revenue outlook as first quarter revenue triples
SBM Offshore raises 2026 revenue outlook as Q1 revenue more than triples, fueled by turnkey business and asset sale.
Marathon Petroleum profits beat estimates due to refining margin increase
Marathon Petroleum exceeds Q1 profit estimates with increased refining margins, buoyed by rising global fuel demand amidst Middle East tensions.
US Navy looks to AI company Domino for counter-mine options
U.S. Navy partners with Domino AI to speed up mine detection in the strategic Strait of Hormuz amid Iran tension.
Vale, a Brazilian miner, will more than double its fleet of iron ore carriers equipped with sails
Vale to double its fleet of iron ore carriers with sails, cutting fuel costs and emissions. Expansion to include 20 vessels in 3 years.
Orders for LNG tankers continue to grow despite mixed prospects from the Iran War
LNG tanker orders rise amid mixed signals from Iran War, driven by increased LNG production and fuel efficiency.
Heavy sweet oil is being chased by refiners and marine fuel blenders amid the Iran war disruptions
Heavy sweet oil sought by refiners amid Iran war, causing marine fuel shortages due to Middle East import disruptions.
CMB.Tech, a shipper of ammonia-powered ships, expects to receive them by mid-2026
CMB.Tech to receive 11 ammonia-powered vessels by mid-2026 as part of their decarbonisation plans w/ green ammonia sources and advanced logistics.
Navy equips warships Patriot missiles against hypersonic Chinese threat
U.S. Navy equips warships with Patriot missiles as defense against hypersonic threats from China, marking a naval integration milestone.
Navantia, a Spanish company, and TKMS in Germany will explore strategic cooperation
Navantia and TKMS explore strategic cooperation in naval projects amidst rising demand and shipyard capacity bottlenecks in Europe.
Brazil's Vale signs charter agreement with China's Shandong Shipping for ethanol-powered vessels
Vale inks 25-year deal with Shandong for ethanol-powered vessels, promoting decarbonization in maritime transport.
