Maritime Industry Briefing: Hormuz Attack Leaves Seafarer Missing, Major Offshore Deals Reshape Market

## Seafarer Missing After Bulk Carrier Struck in Strait of Hormuz A seafarer remains missing following an attack on a Greek-operated bulk carrier transiting the Strait of Hormuz, in the latest incident to underscore the persistent security risks facing merchant shipping in the region. According to Splash247, the Liberian-flagged *Minoan Pioneer* was struck by an unidentified projectile at approximately 2200 UTC on Monday while sailing northbound through the strait. The incident adds to a growing list of merchant vessel casualties in waters off Oman and reinforces concerns over freedom of navigation in one of the world's most strategically critical chokepoints. Search and rescue operations are understood to be underway for the missing crewmember. The attack serves as a stark reminder of the human cost borne by seafarers operating in high-risk corridors, and is likely to intensify calls for enhanced naval escorts and risk mitigation protocols for commercial vessels in the region. ## L&T Secures $1.8bn ADNOC Offshore Contract In one of the more significant offshore contract awards of the year, Indian engineering conglomerate Larsen & Toubro (L&T) has landed a deal from ADNOC Offshore valued at over $1.8 billion, Splash247 reports. L&T's hydrocarbon business will serve as lead partner in a consortium arrangement to execute the project, which involves development work in the Middle East. The contract underscores the continued capital investment flowing into Gulf offshore energy infrastructure and reinforces L&T's position as a major player in the regional hydrocarbon engineering and construction market. ## Eidesvik and Reach Subsea Agree IMR Vessel Sale Norwegian offshore specialists Eidesvik Offshore and Reach Subsea have signed a memorandum of understanding to divest their jointly owned inspection, maintenance and repair (IMR) vessel *Viking Reach*, according to Splash247. The 2009-built vessel is held through the Eidesvik Reach joint venture, in which Reach Subsea holds a 49.9% stake with Eidesvik Offshore holding the remainder. The buyer has not been disclosed. The transaction reflects ongoing fleet rationalisation activity in the offshore support vessel sector as operators reassess asset portfolios amid shifting subsea market dynamics. ## US Proposes Relaxation of Arctic Offshore Drilling Regulations The US Department of the Interior has put forward a proposed rule through the Marine Minerals Administration aimed at modernising federal regulations governing exploratory oil and gas drilling on the Arctic Outer Continental Shelf, Splash247 reports. The move is in support of an executive order from President Trump and aligns with a broader push to expand domestic energy production. The proposed changes are expected to draw scrutiny from environmental groups, while the offshore energy industry is likely to welcome the regulatory easing as a signal of renewed access to Arctic resources.