Geopolitical Shifts and Regulatory Moves Challenge Ship Recycling Sector
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...
Global Shipping Firms Balance Operations and Risk Near Strait of Hormuz
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...
Hormuz Advisory Issued as Freight Rates Spike and Threat Levels Climb
Greece advised its shipowners to reassess transits through the Strait of Hormuz due to rising regional tensions.
Vessels choosing to transit are urged...
Iran’s Missile Retaliation Rocks US Bases in Gulf Region
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 Calls on Oil Producers to Ramp Up Amid Iran Strait...
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...
US Calls on China to Deter Iran Strait Closure
The US calls on China to leverage its ties with Iran to keep vital oil routes open.
Threats to close the Strait of...
Oil settles down 7% after Iran attacks US military base in...
Sell off after Iran refrains from disrupting oil supplies through Strait of Hormuz
Oil gives up early 5% gain
Trump tells everyone to...
Germany and Latvia Launch Baltic Cable Defense Pact
Germany and Latvia launch joint efforts to protect undersea cables and infrastructure in the Baltic Sea.
The initiative responds to growing security concerns...
Florida International Terminal Wins Green Certification
Florida International Terminal (FIT), a port terminal controlled by SAAM Terminals, has achieved Level 1 certification under the Green Marine program.
This milestone...
Persian Gulf Gridlock Deepens as Navigation Disruptions Escalate
Tensions and GPS Interference Spark Major Congestion in Strait of Hormuz.
Freight Rates Spike as Persian Gulf Traffic Slows to 16-Hour Window.
Navigation...
Steering Failure Triggers Emergency in Suez Canal
Mechanical Malfunction Causes Vessel Deviation Near El-Qantara.
Suez Canal Incident Resolved Within One Hour After Steering Fault.
Controlled Dock Contact Prevents Damage During...
LNG and LPG Rates Climb Sharply Ahead of July on Supply...
Atlantic LNG Leads Gains as Prompt Availability Shrinks.
Middle East Tensions Push LPG Rates to Multi-Week Highs.
US Gulf–Japan LNG Route Jumps Nearly...
Seatrium and Solvang ASA Sign LOI for Full-Scale CCS Retrofits
Clipper Eris Success Spurs New CCS Collaboration.
Seatrium to Retrofit CCS on Solvang’s Future VLGC Fleet.
Landmark CCS Agreement Sealed at Nor-Shipping 2025.
Seatrium...
India’s First Independent Ammonia Terminal to Rise at Pipavav
AVTL Invests INR 5.3 Billion in Ammonia Storage Infrastructure.
Terminal to Serve the Fertiliser Sector and Enable Green Ammonia Exports.
36,000 MT Capacity...
Tankers U-Turn, Zig-Zag, Pause Around Strait of Hormuz
Two supertankers reversed course near the Strait of Hormuz amid rising military tensions.
Oil prices surged to 5-month highs as fears of a...
IMO Symposium Explores Real-World Developments in Maritime Autonomous Surface Ships (MASS)
IMO and Norway hosted a symposium highlighting real-world progress in autonomous maritime technologies.
Industry experts emphasized the need for parallel development of technology...
Fratelli Cosulich and IINO Lines Unite to Support Maritime Decarbonization Goals
Fratelli Cosulich Marine Energy and IINO Lines signed an MoU to advance alternative marine fuels.
The partnership focuses on methanol, LNG, and ammonia...
Protecting Liquid Cargo: The Role of Sampling Time and Location
Sampling time and location critically impact liquid cargo quality assessments and dispute resolution.
Manifold samples taken during loading and discharge are essential for...
Freight Rates Decline Across Dry Bulk Segments Amid Soft Pacific Demand
Capesize rates dropped sharply due to reduced iron ore volumes from West Australia and softening Atlantic demand.
Panamax market saw weak activity across...
Tanker Rates Rally Across Key Segments Amid Rising Demand and Risk...
VLCC rates surged in the Middle East and Atlantic due to escalating Israel-Iran tensions, with TD3C jumping over 22 points.
Suezmax routes saw...
