Middle East Tensions Stir LNG Market Despite Stable Qatar and UAE Output
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
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
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
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...
South Korea Banks on Shipbuilding to Offset U.S. Tariff Pressure
As South Korea negotiates a suspended 25% U.S. tariff, its globally competitive shipbuilding sector is gaining strategic relevance in trade discussions.
Once a...
DHT Holdings Announces $107M Deal for Modern Crude Carrier
DHT Holdings will acquire a 2018-built VLCC from Hyundai Heavy Industries for $107 million, with delivery expected in Q3 2025.
The vessel, equipped...
Geopolitical Shifts and Regulatory Moves Challenge Ship Recycling Sector
Oil prices dipped slightly as markets reacted to Iran’s potential closure of the Gulf of Hormuz, raising supply concerns.
The Indian sub-continent’s ship...
Global Shipping Firms Balance Operations and Risk Near Strait of Hormuz
CMA CGM, Maersk, and ZIM report continued operations, with increased monitoring in place.
Maersk and Hapag-Lloyd have reduced or paused services to Israel’s...
Hormuz Advisory Issued as Freight Rates Spike and Threat Levels Climb
Greece advised its shipowners to reassess transits through the Strait of Hormuz due to rising regional tensions.
Vessels choosing to transit are urged...
Iran’s Missile Retaliation Rocks US Bases in Gulf Region
Iran launched at least 10 missiles targeting U.S. military bases in Qatar and Iraq, including Al Udeid Air Base and Ain Al Asad...
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Omicron Outbreak Puts Beijing on High Alert Weeks Before The Games
Tianjin reported at least 40 positive cases over the weekend
authorities moved quickly to place 29 residential communities under strict lockdown
the virus...
