Spot Rates Drop on Transpacific Routes as Sailing Cancellations Ease
Transpacific Spot Rates Plunge Amid Weak Demand.
Asia–Europe Rates Rise 5% as Peak Season Begins.
Transatlantic Rates Hold Steady Despite Market Shifts.
Global container...
India Prepares Oil Backup Plan in Case of Hormuz Disruption
1.5 Million Barrels Daily at Risk Through Hormuz Route.
India May Curb Fuel Exports to Safeguard Domestic Needs.
Reliance, Nayara Handle 82% of...
Oil Tanker Collision Near Strait of Hormuz Raises Security Fears
The United Arab Emirates blamed navigational errors for a collision involving two oil tankers near the Strait of Hormuz on Tuesday. The incident raised...
Maersk Halts Vessel Calls at Port of Haifa Amid Israel-Iran Conflict
Maersk halts vessel calls at Port of Haifa, Israel.
Decision follows risk assessment linked to Israel-Iran conflict.
Cargo acceptance for Haifa also suspended...
Global Maritime Leaders Call for Action to Protect Seafarers from Unfair...
Leading maritime organizations urge fair treatment and due process for seafarers detained during duty-related incidents, citing rising criminalization concerns.
The IMO, ILO, ICS,...
BRANDS HATCH Becomes World’s Most Powerful Wind-Assisted Cargo Ship
Union Maritime’s 114,000 DWT tanker BRANDS HATCH is now the most powerful wind-assisted cargo vessel, equipped with BAR Technologies’ WindWings®.
The sails reduce...
[Podcast] Who Gains, Who Loses? Maritime Voices on Carbon Compliance
Industry experts discussed the impact of rising carbon compliance costs on global shipping at a Nor-Shipping event in Oslo.
The conversation highlighted how...
Worker Death in Alang Raises Alarms Ahead of Hong Kong Convention...
A 20-year-old shipbreaking worker died in Alang, India, weeks before the Hong Kong Convention takes effect.
The LNG tanker involved was allegedly dumped...
Korea Shipping Association and Meteorological Agency Unite for Safer Seas
The Korea Shipping Association signed an MOU with the Korea Meteorological Administration to improve ocean monitoring and navigation safety.
The partnership will support...
ABS and HD Hyundai Samho Collaborate on AI-Driven Smart Shipyard
ABS and HD Hyundai Samho signed an MoU to explore AI-based smart shipyard technologies.
The collaboration focuses on applying automation, robotics, and data-driven...
IMCA: Marine Contractors are Crucial for EU’s Energy Plans
The marine contracting sector is essential to achieving Europe’s offshore wind and energy transition targets, contributing over €45 billion in annual GVA and...
IMO Addresses Safety Concerns Over Iran-Israel Maritime Dispute
Iran accused Israel of targeting key energy infrastructure along the Persian Gulf, calling the strikes a threat to maritime safety and a violation...
APAC Set to Lead Global CO₂ Shipping Market, Report Finds
APAC could require nearly 80 CO₂ carriers and over 90 storage sites by 2055 to support its CCUS ambitions.
Japan and Korea are...
Tanker Rates Soar and Insurance Premiums Skyrocket as Persian Gulf Risks...
Shipping companies have become significantly less keen to send their tankers to lift oil and chemical products from the Persian Gulf due to the...
As New Orders Halve, South Korean Expertise in LNG Provides Competitive...
The global shipbuilding industry is indeed facing a significant slowdown in new orders, with the January-May 2025 period seeing volumes fall to nearly half...
Strait of Hormuz Tensions Drive 60% Surge in Tanker Rates
Tanker rates for routes through the Strait of Hormuz have more than doubled since Israel began bombing Iran. This dramatic increase is attributed to...
Mixed Signals on Diplomacy: Iran-Israel Conflict Draws Russian Warnings and US...
Russia's deputy foreign minister has issued a stern warning against any potential U.S. attack on Iran, stating that such a move would "radically destabilize...
Steamship Mutual Offers Safety Guidance Amid Escalating Maritime Risks
In response to the recent surge in geopolitical uncertainty and heightened risks in maritime areas, Steamship Mutual, a leading Protection & Indemnity (P&I) insurance...
Ain Sokhna Port Solidifies Role as Egypt’s Strategic Hub for Trade,...
DP World Egypt's Ain Sokhna Port has achieved a remarkable week, underscoring its pivotal role as Egypt's gateway to global trade and economic security....
Hormuz on Hold: Vessels Await Green Light
Risks to tankers are complex.
Prices are firming, market anticipates risk.
Vessels in area should prepare for loss of GPS.
As the conflict between...
