Mitsui O.S.K. Lines, Ltd. (MOL) announced that its Singapore Sub-Headquarters, MOL (Asia Oceania) Pte. Ltd. (MOLAO), will participate for the first time as an...

This incident is based on findings from the National Transportation Safety Board (NTSB). It concerns the grounding of a bulk carrier while navigating outbound...

As of June 24, 2025, the Strait of Hormuz has not been physically closed or rendered impassable by Iran. Commercial shipping traffic continues to...

Japan's shipbuilding industry, once a global leader, is facing a significant contraction, as evidenced by the sharp decline in its output and the reduction...

The Strait of Hormuz, that 30-mile-wide choke point between Iran and Oman, is unequivocally the world's most critical oil artery. With approximately 20 million...

While the world's attention is understandably glued to the escalating conflict between Israel and Iran and its immediate impact on energy shipping via the...

Asian refiners are indeed in a critical position, re-evaluating the adequacy of their emergency crude reserves in the face of rapidly escalating geopolitical tensions...

On June 20, 2025, a landmark agreement was signed in Shandong Province, China, between Beihai Shipbuilding (a subsidiary of CSSC Qingdao Beihai Shipbuilding Heavy...

ICIS data confirms LNG production in Qatar and UAE remains within normal levels, despite Strait of Hormuz tensions and vessel signal disruptions. Over...

Dry bulk shipping faces a more subdued environment compared to mid-2024, with earnings and asset values sliding across most vessel segments. Key drivers...

Swedish forest company SCA has joined Gasum’s FuelEU Maritime pool to comply with EU maritime emissions regulations and reduce fossil fuel use in...

Canopée, the world’s first hybrid electric and thermal-powered industrial cargo ship, has achieved remarkable fuel savings using wind-assisted propulsion with OceanWings sails. Over...

As South Korea negotiates a suspended 25% U.S. tariff, its globally competitive shipbuilding sector is gaining strategic relevance in trade discussions. Once a...

DHT Holdings will acquire a 2018-built VLCC from Hyundai Heavy Industries for $107 million, with delivery expected in Q3 2025. The vessel, equipped...

Oil prices dipped slightly as markets reacted to Iran’s potential closure of the Gulf of Hormuz, raising supply concerns. The Indian sub-continent’s ship...

CMA CGM, Maersk, and ZIM report continued operations, with increased monitoring in place. Maersk and Hapag-Lloyd have reduced or paused services to Israel’s...

Greece advised its shipowners to reassess transits through the Strait of Hormuz due to rising regional tensions. Vessels choosing to transit are urged...

Iran launched at least 10 missiles targeting U.S. military bases in Qatar and Iraq, including Al Udeid Air Base and Ain Al Asad...

Trump urges the U.S. and global oil producers to ramp up output to stabilize volatile markets. Tensions flare after U.S. strikes on Iranian...

The US calls on China to leverage its ties with Iran to keep vital oil routes open. Threats to close the Strait of...