Volare Shipping shares open above placement price in Oslo debut

Volare Shipping began trading on Euronext Growth Oslo on October 5, 2026, under the ticker “VLCC.” According to Euronext, its shares opened at 169 Norwegian kroner, approximately 9.7% above the private placement price of 154 kroner. The opening price gave the company a market value of about 11.9 billion kroner. The listing followed a private placement that raised approximately US$500 million through the issuance of 30.7 million new shares. Trafigura said investor demand exceeded the shares available, with participation from institutional investors, family offices and shipping industry participants.

South Korea’s IOB Begins Managing Four Ice-Class LNG Carriers, Plans Fleet Expansion

Busan-based IOB Co. Ltd. says it has begun operations managing four Arc4 ice-class liquefied natural gas (LNG) carriers. The South Korean company specializes in managing vessels intended for Arctic shipping along Russia’s Northern Sea Route. The fleet comprises North Moon, North Light, North Ocean and North Valley, each with a cargo capacity of approximately 174,000 cubic meters. The vessels were built by Hanwha Ocean in 2024 and 2025 for Mitsui O.S.K. Lines, according to available fleet information.

Hackers Reportedly Access Propulsion System of U.S.-Bound Oil Tanker

U.S. authorities are investigating a cyber incident involving the propulsion system of a large oil tanker that was approaching the Texas coast, according to officials familiar with the investigation. The case involved the VL Prosperity, a very large crude carrier that was reportedly bound for Galveston. Investigators from the Federal Bureau of Investigation and the U.S. Coast Guard reportedly found evidence that unauthorized actors temporarily gained access to a digital system connected to the vessel’s propulsion. Authorities are still examining how the intrusion occurred, how long the access lasted, and what level of control may have been possible. The FBI said there were no reported operational disruptions, vessel instability, danger to the crew, or environmental effects linked to the incident. The Coast Guard and FBI had earlier boarded the vessel following indications that its operational and information technology networks may have been compromised.

U.S. Coast Guard Proposes Removing Six STCW Training Requirements for Certain Mariners

The U.S. Coast Guard has proposed removing six training and competency requirements for certain Merchant Mariner Credential endorsements, saying the requirements exceed minimum international standards and create additional costs for mariners. The proposed rule, published on October 1, 2026, covers selected deck, engineering, and electro-technical positions under the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW). For deck officers, the proposal would remove leadership and managerial skills training for Masters of vessels below 500 gross tons operating in near-coastal waters. It would also remove bridge resource management training and the requirement to demonstrate leadership and teamwork competency for certain Officers in Charge of a Navigational Watch on vessels in the same category. The Coast Guard said these vessels generally have limited bridge personnel, with one credentialed mariner often performing the duties of watch officer, helmsman, and lookout.

Virtue Maritime Services Corp. 🤝 TDM Shipping

A Vessel Where Filipino Seafarers Stay: MV Frederikke What makes a crew stay? On a recent visit to MV Frederikke, operated by TDM Shipping Inc., the answer was seen in respect, fair treatment, and rest that is actually balanced.

MARINO PH Info Caravan at West Bay Colleges Brings Maritime Industry Updates to Future Seafarers

MUNTINLUPA CITY, Philippines—MARINO PH conducted its Info Caravan at West Bay Colleges, Inc. on October 1, 2026 bringing maritime organizations and industry professionals directly to students as part of the school’s Maritime Industry Updates program. The activity was held in connection with the 27th National Maritime Week

LACERTA Shipping Agencies Philippines Holds New Office Blessing and Industry Gathering

LACERTA Shipping Agencies Philippines Inc. celebrated the blessing and opening of its new office on October 1, 2026. Maritime professionals, industry partners, friends, and colleagues gathered to share in this milestone.

Beacon Expo 2026 Successfully Concludes Two-Day Maritime Job Fair at SMX Convention Center

The two-day Beacon Expo 2026 successfully concluded on September 30, 2026, at the SMX Convention Center, Mall of Asia Complex, Pasay City, bringing together maritime professionals, seafarers, industry stakeholders, shipping companies, manning agencies, and maritime service providers.

ZONE OF APPROACH

Navigate with awareness and confidence! Understanding the zone of approach helps mariners recognize how vessels meet, cross, and overtake—building the awareness needed to assess potential collision risks.

Lines of Latitude and Longitude

Latitude and longitude are imaginary reference lines used to determine the exact position of any place on Earth. They form the basis of the geographic coordinate system and are widely used in navigation, mapping, surveying, and positioning. For seafarers, understanding latitude and longitude is essential for plotting a vessel’s position, planning routes, and maintaining safe navigation at sea.

PARTS OF A TYPICAL STOCKLESS ANCHOR

A stockless anchor is designed for modern ships due to its compact shape, strong holding power, and easy handling. Each part, including the shank, fluke, crown, and anchor shackle, has a specific function that helps secure vessels safely during anchoring operations. Understanding anchor components is essential for every seafarer.

Painting Stage

A painting stage, also known as a rigging stage, is a suspended working platform commonly used by seafarers when carrying out painting, cleaning, maintenance, rust removal, and inspection of ship structures, particularly in areas that are difficult to reach from the deck. It is typically made from a strong wooden plank or approved platform supported by ropes or other suitable rigging arrangements. The stage must be properly secured to reliable anchoring points, and all ropes, knots, shackles, planks, and supporting equipment should be checked before use to ensure they are in good condition and suitable for the intended load.