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...
Port Houston Secures $214m for Channel Upgrades
$161 million awarded in the President’s FY 2026 budget to fully fund Project 11 of the Houston Ship Channel Expansion.
An additional $53.6 million allocated for maintenance...
KR and Shipbuilders Launch Green Fuel Safety Alliance
Korean Register forms powerful alliance with top shipbuilders and KTR to set global standards for ammonia effluent management.
The joint working group targets...
ABS Issues Approval for Korean Nuclear Power Module
ABS has issued Approval in Principle (AiP) to HD Hyundai Heavy Industries (HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for their...
Drewry: Container Freight Rates Dip After 6-Week Surge
The World Container Index (WCI), compiled by Drewry, serves as a trusted weekly benchmark for global container freight spot rates. It tracks the cost...
Understanding Bunker Procurement: From Risk to Reliability
Structured bunker procurement minimizes fuel disputes and ensures supplier accountability.
Key metrics like supplier type, delivery history, and quality control help evaluate risks.
...
7.2 MW Solar Project Completed at Port Newark Container Terminal
PNCT Now Generates 50% of Its Annual Energy Needs Onsite.
Clean Energy Project Supports Newark’s Power Grid.
Port Authority Aims for Net-Zero Emissions...
Kongsberg to Supply 34 Azimuth Thrusters for 17 Sanmar Tugs
Thrusters Range from 1765 kW to 2525 kW with 85-ton Bollard Pull.
Sanmar Expands Fleet with Hybrid, LNG, and Electric Tugs.
Sanmar Praises...
RINA Acquires Finnish Marine Engineering Firm Foreship
Acquisition Expands RINA’s Presence in Northern Europe.
Foreship Adds Cruise Design and Sustainability Expertise.
€15.2M Revenue Firm Brings 90+ Professionals Across 8 Offices.
RINA,...
Veson Warns of Structural Shift in Dry Bulk Fleet
Young Dry Bulk Tonnage to Drop 22% by 2028.
Fleet Splits Between Modern and Ageing Vessels.
Older Ships Face Costly Upgrades or Trade...
Tanker Collision Near Hormuz Sparks Environmental Fears
Greenpeace Warns of 3,700-Acre Oil Spill in Gulf of Oman.
Ageing Russian ‘Shadow Fleet’ Tanker Involved in Crash.
NASA Confirms Fire Through Satellite...
MABUX: Bunker Fuel Prices Jump as Geopolitical Risks Intensify
Bunker fuel indices rose sharply in Week 25.
Scrubber spread narrowed further, keeping VLSFO economically favorable.
EU adjusts gas storage targets to boost...
X-Press Feeders and COSCO SHIPPING Lines Form Alliance to Improve Feeder...
X-Press Feeders and COSCO SHIPPING Lines have signed two agreements to expand network coverage and improve service reliability.
The partnership includes feeder service...
Straits of Malacca and Singapore Remain Area of Concern for Armed...
The ReCAAP ISC (Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia) has reported four incidents of armed robbery against...
JMIC Updates on Heightened Security and Electronic Disruptions in Key Waterways
The Joint Maritime Information Center (JMIC) has indeed issued an advisory, Update 005 (and subsequent updates), on June 16, 2025, outlining the heightened maritime...
Middle East Tensions Threaten 21% of Global LNG Supply via Strait...
The escalating conflict between Iran and Israel has indeed brought the Strait of Hormuz back into sharp focus, with significant implications for the global...
