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...

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...