WTI Crude Oil Price Drops After Israel-Iran Ceasefire Eases Supply Fears
Oil prices tumbled sharply on June 24, with WTI crude futures sinking to $66 per barrel, down nearly 3% on the day after falling...
HD Hyundai And Tampa Ship Sign Strategic Shipbuilding Pact
In a move to revitalize the U.S. shipbuilding industry and strengthen maritime security, HD Hyundai has entered into a strategic Memorandum of Understanding (MoU)...
MOL Joins Smart Port Challenge 2025 As Innovation Partner To Drive Maritime Innovation
Mitsui O.S.K. Lines, Ltd. (MOL) announced that its Singapore Sub-Headquarters, MOL (Asia Oceania) Pte. Ltd. (MOLAO), will participate for the first time as an...
Lessons Learned: Inadequate Bridge Staffing and Poor Maneuvering Lead to Grounding
This incident is based on findings from the National Transportation Safety Board (NTSB). It concerns the grounding of a bulk carrier while navigating outbound...
Commercial Shipping Navigates “Digital Fog” in Hormuz Amid Escalating US-Iran Conflict
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
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
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
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
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
On June 20, 2025, a landmark agreement was signed in Shandong Province, China, between Beihai Shipbuilding (a subsidiary of CSSC Qingdao Beihai Shipbuilding Heavy...
- Advertisement -
APLICATIONS
COVID’s New Omicron Sub-Lineages Can Dodge Immunity
Two new sublineages of the Omicron coronavirus variant can dodge antibodies from earlier infection well enough to trigger a new wave, but are far...
