Commercial Shipping Navigates “Digital Fog” in Hormuz Amid Escalating US-Iran Conflict

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As of June 24, 2025, the Strait of Hormuz has not been physically closed or rendered impassable by Iran. Commercial shipping traffic continues to...

Japan’s Government Leads Effort to Reclaim Global Shipbuilding Leadership

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Japan's shipbuilding industry, once a global leader, is facing a significant contraction, as evidenced by the sharp decline in its output and the reduction...

Hormuz in the Crosshairs: New US-Iran Escalation Threatens World’s Critical Oil Artery

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The Strait of Hormuz, that 30-mile-wide choke point between Iran and Oman, is unequivocally the world's most critical oil artery. With approximately 20 million...

Tanker Rates Surge Amid Mideast Tensions and New EU Sanctions

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While the world's attention is understandably glued to the escalating conflict between Israel and Iran and its immediate impact on energy shipping via the...

Asian Refiners Brace for Potential Middle East Crude Supply Shocks

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Asian refiners are indeed in a critical position, re-evaluating the adequacy of their emergency crude reserves in the face of rapidly escalating geopolitical tensions...

Beihai Shipbuilding and Shandong Marine Group Drive Green VLOC Development

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On June 20, 2025, a landmark agreement was signed in Shandong Province, China, between Beihai Shipbuilding (a subsidiary of CSSC Qingdao Beihai Shipbuilding Heavy...

Middle East Tensions Stir LNG Market Despite Stable Qatar and UAE Output

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ICIS data confirms LNG production in Qatar and UAE remains within normal levels, despite Strait of Hormuz tensions and vessel signal disruptions. Over...

Dry Bulk Market Splinters on Weaker Earnings, Coal Dip & Shifting Trade Routes

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Dry bulk shipping faces a more subdued environment compared to mid-2024, with earnings and asset values sliding across most vessel segments. Key drivers...

SCA Partners with Gasum’s FuelEU Maritime Pool to Cut Shipping Emissions

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Swedish forest company SCA has joined Gasum’s FuelEU Maritime pool to comply with EU maritime emissions regulations and reduce fossil fuel use in...

Canopée Proves Viability of Wind-Assisted Propulsion in Commercial Cargo Shipping

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Canopée, the world’s first hybrid electric and thermal-powered industrial cargo ship, has achieved remarkable fuel savings using wind-assisted propulsion with OceanWings sails. Over...
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