News 2026 May 4

OPEC+ seven to lift June oil target by 188,000 bpd

IAA PortNews: Foreign tourist vessels now allowed to enter more ports and points based in Russia’s Far East and the Arctic region

Türkiye pushes Mersin rail link into Gulf-Europe freight corridor

Thermax and Ankur Scientific to build India’s first green methanol plant at Deendayal Port in Kandla

MISC makes FSRU debut with 20-year Petronas Gas deal

COSCO profit halves in Q1 2026

HD KSOE raises $1.55bn from Hyundai Heavy-backed bond

ICTSI profit jumps by 23% in Q1 2026

Gothenburg box volumes fall in the first quarter to 226,000 TEU

Wärtsilä wins LNG bunkering systems deal for four Chinese newbuilds

Orient Express takes delivery of 220-metre sail-powered Corinthian

Average seaborne cargo distance up 10% since 2020

Ardmore orders Wuhu tanker pair and sells MR in renewal push

KSS Line orders three VLGCs at HD Hyundai

ZIM holders clear Hapag-Lloyd’s $4.2bn takeover

Hanwha Ocean wins $345m VLAC order

US sends naval force into Hormuz after tanker attack

Sweden boards sanctioned tanker Jin Hui over suspected false flag