Gulf Shipping Costs Drop as Israel-Iran Ceasefire Holds
Shipping costs for the Gulf have fallen after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions increase, shipping...
Baltic Exchange Gas Round-Up: LNG Rides High, LPG Takes a Breather
The Baltic Exchange’s Gas Report for Week 26 (ending June 28, 2025) presents a mixed landscape in the global gas shipping sector, with LNG...
High Seas Breach: Armed Boarding Jolts Singapore Strait Shipping
A serious maritime security incident unfolded on June 26, 2025, in the Singapore Strait, where four individuals, including one reportedly armed with a gun-like...
MOL Sets Sail on Japan’s First Biofuel Voyage for an Electric Utility
Mitsui O.S.K. Lines (MOL) has announced that it refuelled its operated coal carrier Hokulink with B30 biofuel at Yeosu Port, South Korea.
MOL tests B30...
Pause in Tariffs: Baltic’s Week 26 Container Round‑Up Drops Anchor!
With the 90-day pause in tariffs imposed by the USA set to end on 8 July, only a deal with the UK has been...
World First: Hydrogen-Electric Tug No.1 Enters Service in China
China's first hydrogen-electric tugboat, the Hydrogen-Electric Tug No.1, was officially put into service at Qingdao Port, east China's Shandong Province, reports Fuel Cells Works.
Beidou...
IMO Sets Sail for Nuclear Future with New Regulatory Push
The International Maritime Organization (IMO) has formally agreed to start the revision of outdated regulations for nuclear-powered ships.
IMO agrees outdated regulations revision
The 110th...
BIMCO Projects 700 Million DWT to Be Recycled Over Next Decade
BIMCO forecasts up to 16,000 ships (700 million DWT) could be recycled over the next decade, doubling the number from the past 10...
Hanwha Ocean’s Cybersecurity Concept for FPSOs Earns ABS Approval
Hanwha Ocean’s OT cybersecurity solution for FPSOs has received Approval in Principle (AIP) from ABS.
Developed with SIGA Data Security, the system enhances...
ABS Leads Offshore CCS Technology Advancements
ABS published a new technical paper that provides analysis of the offshore technologies supporting carbon capture and storage (CCS), a much-publicized approach to support...
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APLICATIONS
Millipede Found on Twitter Named As Twitteri!
A new species has just been discovered on Twitter.
It’s a type of parasitic fungus, which researchers have described in the journal MycoKeys....
