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Over 11 Million Barrels of Venezuelan Oil Stuck at Sea After U.S. Tanker Seizure December 16, 2025
Venezuela's state-run company PDVSA is dealing with stuck oil cargoes, rising price discounts and demands from customers to change terms of spot contracts following the U.S. seizure of a ship carrying the OPEC country's crude, traders and sources said.
Reuters
Container Shipping Faces Oversupply Threat as Record Newbuild Orders Reshape Industry December 16, 2025
The global containership industry is bracing for potential market upheaval as the orderbook has swelled to 11.61 million TEU, representing 34.8% of the current fleet—a level that extends well beyond...
Mike Schuler
Extreme North Atlantic Storm Unleashes Hurricane-Force Winds and Massive 50-Foot Seas December 16, 2025
A powerful and rapidly intensifying storm system over the North Atlantic is generating hurricane-force winds and enormous seas, prompting urgent warnings from U.S. forecasters for mariners operating in the region....
Mike Schuler
Russia’s Oil Exports Surge, But Cargoes Are Piling Up at Sea December 16, 2025
Russia is loading its oil onto tankers at an unprecedented pace — but those shipments are stacking up at sea, weighing on prices and undermining Moscow’s ability to finance its war in Ukraine.
Bloomberg
Ukraine Says Underwater Drones Hit Submarine, but Moscow Denies Damage December 16, 2025
Ukraine said on Monday it hit and disabled a Russian missile-carrying submarine docked at a Black Sea naval base using underwater sea drones for the first time, but Moscow denied the strike caused any damage.
Reuters
Final Report: Bow Collapse—Not Explosion—Sank MV Estonia in 1994 December 16, 2025
The sinking of the Estonia ferry in 1994 was caused by the failure of its bow section, not an explosion or collision as claimed by some, authorities said on Tuesday in a report aimed at finally closing the case on Europe's worst civil maritime disaster since World War Two.
Reuters
Ocean Infinity Completes Ambitious 14-Vessel Armada Fleet December 16, 2025
Ocean Infinity has delivered the final vessel in its groundbreaking 14-ship Armada fleet, marking the completion of an ambitious transformation project that began in 2020 to revolutionize offshore operations through...
Mike Schuler
Eastern Shipbuilding Group Completes Conversion and Delivers First-of-Its-Kind Service Operation Vessel to Hornbeck Offshore Services December 16, 2025
Eastern Shipbuilding Group, Inc. (ESG) today announced the successful completion and redelivery of the HOS Rocinante, a first-of-its-kind U.S.-flagged Service Operation Vessel (SOV) converted for Hornbeck Offshore Services. The vessel marks a major milestone in...
gCaptain
Russia Deploys All Eight Nuclear Icebreakers for First Time to Keep Arctic Export Routes Open December 16, 2025
Russia has, for the first time, deployed its entire fleet of eight nuclear-powered icebreakers simultaneously to maintain winter shipping lanes in the Gulf of Ob and the Yenisei Gulf, underscoring the strategic importance of Arctic energy exports.
Malte Humpert
Venezuelan Oil Stored at Sea Shields China as US Pressure Rises December 16, 2025
A hoard of Venezuelan crude on tankers at sea will provide a cushion for Chinese refiners — the biggest buyers — should the US escalate hostilities against the OPEC producer and disrupt exports.
Bloomberg