Mermaid Maritime has published its financial results for the second quarter of 2026.PerformanceTotal revenue for Q2 2026 was US$61.8 million, representing a year-on-year decrease of US$50.6 million from US$112.4 million in Q2 2025 and a quarter-to-quarter decline of US$20.3 million…
President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between US ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic…
BP has agreed to sell a 20 per cent stake in the Venezuelan portion of the cross-border Cocuina-Manakin natural gas field to Trinidad and Tobago's state-owned National Gas Company (NGC), two sources with knowledge of the matter said on Monday.Trinidad…
US autonomous vessel developer Saronic has established an operations site at the Port of Gulfport in Mississippi to conduct on-water testing and commissioning of its medium unmanned surface vessels (MUSV).The more than 30,000-square-foot facility includes port access, offices and warehouse…
The U.S. Navy's blockade on Iranian seaports is having the desired effect, according to maritime tracking consultancy Windward. The loading terminals at Iran's primary oil port have gone quiet for more than a week, and there is little sign that…
A proposed deal between Iran and Oman that would give Tehran control over ships entering the Persian Gulf through the Strait of Hormuz is not easily workable due to US sanctions and restrictive insurance clauses on any payments, four industry…
