Saudi East-West Oil Pipeline Shut Down After Attack; Bypass Lifeline Around the Strait of Hormuz Severed

According to a statement from the Saudi Ministry of Energy and multiple international media reports, on September 10 local time, Saudi Arabia’s East-West oil pipeline was attacked by multiple drones in the Riyadh and Medina areas, causing injuries and damage to facilities. On September 11, the Saudi Ministry of Energy announced “precautionary shutdown” measures for the pipeline, and emergency teams have begun repairs and security assessments.

World’s first LNG carrier equipped with two sets of hard wing sails makes its debut

According to an official announcement from Mitsui O.S.K. Lines (MOL) and multiple media reports, on September 10, MOL held a grand naming ceremony at Hanwha Ocean’s Geoje shipyard in South Korea to name the world’s first LNG carrier equipped with two “Wind Challenger” hard-sail wind-assisted propulsion systems.

Another Pirate Boarding Incident in the Gulf of Aden: General Cargo Ship Escapes After Attack

According to notifications from the United Kingdom Maritime Trade Operations (UKMTO) and the Maritime Security Centre for the Indian Ocean (MSCIO), on September 10, a general cargo ship named "Glamor," owned by a Greek shipowner, was boarded by suspected pirates in the Gulf of Aden off Yemen. The crew successfully avoided the threat, and no casualties were reported.

Held for Nearly 5 Months, "Sward" and Its 17 Crew Members Released; Somali Pirates Still Holding 4 Merchant Ships

According to Agence France-Presse (AFP), citing several security sources in Somalia’s Puntland region, Somali pirates released the cargo ship MV Sward and its 17 crew members on September 11. The vessel had been hijacked in April this year. The sources confirmed that the pirates received a ransom but did not disclose the exact amount.

A passenger ship carrying 243 people went missing in severe weather, with one person confirmed dead

According to Indonesia’s search and rescue authorities, in the early hours of September 13 local time, the Indonesian passenger ship “Virgo Transport 8” went missing in the Java Sea, with 243 passengers and crew on board.

Old Kaiser Shipyards Site in the U.S. Reborn

Recently, a new American shipbuilding company has begun operations on the Columbia River, restarting part of the historic Kaiser Shipyards site. Rebuilding U.S. shipbuilding capacity is now a priority for the Trump administration.

Diana Shipping Accelerates Sell-Down of Genco Shares

After “withdrawing” its tender offer in the acquisition of Genco Shipping & Trading Limited (“Genco”), a deal closely watched by the industry, Diana Shipping continued to reduce its stake in Genco. Specifically, as of September 9, Diana Shipping had continued to reduce its Genco stake to 5.47%.