US Targets Greek Shipbroker, Firms, and Tankers Over Iran Trade
The U.S. has imposed sanctions on Greek shipbroker Antonios Margaritis, his companies, and nearly a dozen vessels linked to Iranian oil exports, intensifying pressure on Tehran following the June Israel-Iran conflict.
Iran maintains...
OOCL Cautions on US Port Charges, Market Uncertainty
OOIL reported a net profit of $954 million in H1 2025, up from $833 million in the same period last year, with revenues rising to $4.88 billion.
The company warned of the significant...
Caspian Sea Decline Hits Oil Trade and Threatens Wildlife
Water Level Down Nearly 1 Metre in Five Years.
Azerbaijan and Russia Disagree on Causes.
Baku Port Struggles With Ship Access and Rising Costs.
Rapid declines in the Caspian Sea's water level are having...
Dry Bulk Gains and Newbuilding Orders Collapse in 2025
Capesize earnings at $23,000/day, Kamsarmax $15,500/day.
Japanese-built ships command $5–6m premium over Chinese units.
Feeder vessel charter rates hold firm despite boxship corrections.
The global maritime Sale and Purchase (S&P) market in 2025 is...
Port of South Louisiana Seeks Bids for E-Methanol Fueling Barge
Barge to have five main cargo pairs with loading capacity of 6,000 BBL/hr.
Discharge capacity set at 1,000 gpm for single vessel operations.
500 gpm discharge rate when bunkering two vessels simultaneously.
The Port...
Korea Launches Support for LNG Ship Cargo Hold Technology to Enhance Shipbuilding
South Korea is the world's leading shipbuilder, with over 50% of its domestic shipbuilding revenue coming from LNG carriers. However, the core technology for the cryogenic cargo holds (tanks) is monopolized by GTT, forcing...
Syrian Port Calls Jump 338% in July, Driven by New Open Trade Policies and...
Syrian ports have seen a massive increase in traceable vessel calls, quadrupling after the US and EU lifted sanctions earlier this year. According to Lloyd's List Intelligence data, there were 92 traceable calls to...
Panamax Market Surges in Atlantic Amid Tight Tonnage, While Capesize Rates Soften
The dry bulk shipping market experienced a mixed week. While the Capesize sector saw some weakness, the Panamax market, particularly in the Atlantic, showed significant strength. The Ultramax and Supramax sectors also had a...
After a Downward Turn, VLCC and Suezmax Rates Find Renewed Strength on Key Global...
LR2 freight in the MEG continued to track downward this week. The TC1 75kt MEG/Japan index dropped from WS143.06 to WS137.5. A TC20 90kt MEG/UK-Continent trip also lost $162,500 of value to $3.85 million,...
mCDR Coalition Unites Science, Conservation, and Industry to Scale Ocean-Based Carbon Removal
The Marine Carbon Dioxide Removal Coalition (mCDR Coalition) is a new international forum dedicated to advancing the responsible growth of marine-based carbon removal technologies. Launched on August 21, 2025, the coalition aims to facilitate...