VLCC Market Surges Amid Tight Supply and Rising Middle East Exports

Spot freight rates for VLCCs surged in September to near $100,000 per day, driven by strong Middle East exports, long-haul cargoes, and geopolitical...

Impact Damage from Mooring Line Failure at Exposed Berth

This incident summary is based on findings from the Bundesstelle für Seeunfalluntersuchung (BSU) and the Britannia P&I Club case study. It describes the uncontrolled...

IMO Sets Certification and Testing Rules for Anchor Handling Winches

IMO’s MSC.1/Circ.1662 sets safety standards for anchor handling winches. Guidelines cover design, testing, certification, maintenance, and operations. Winches must have overload monitoring, emergency...

Global Shipping Navigates Volatility and Transformation

Geopolitical disruptions, including Suez Canal traffic decline and Strait of Hormuz focus, are reshaping global shipping routes and extending voyage distances. Containerized and...

Refinery Maintenance to Trim LR2 Cargoes, Boost VLCC Demand in 4Q25

Refinery maintenance in the Middle East and India may cut up to 30 LR2 cargoes in 4Q25. Saudi Arabia could see as many...

Coast Guard Advances Force Design 2028 With Major Robotics Upgrade

Coast Guard to invest nearly $350 million in robotics and autonomous systems under OBBBA. FY 2025 allocation includes $11 million for immediate upgrades...

Vessel Attacked Off Yemen Amid Rising Houthi Activity in Red Sea

A vessel was attacked early Tuesday in the Gulf of Aden, about 225 km off Yemen’s coast; no injuries were reported, and the...

Seaspan and Stantec Deliver New Outfitting Pier for Vancouver Shipyards

Seaspan and Stantec have completed a new steel-and-concrete outfitting pier at Vancouver Shipyards. The facility supports Canada’s National Shipbuilding Strategy and is currently...

China Delivers First Homegrown Large LNG Carrier in Dalian

China has delivered the SEA SPIRIT, a domestically designed and built large LNG carrier, in Dalian. With a 175,000 cubic meter capacity, it...

Report Highlights Challenges and Opportunities in Maritime Leadership Diversity

A new Global Maritime Forum report highlights how outdated norms and exclusionary practices limit leadership diversity in the maritime sector. Findings reveal three...