Korea Shipping Association and Meteorological Agency Unite for Safer Seas
The Korea Shipping Association signed an MOU with the Korea Meteorological Administration to improve ocean monitoring and navigation safety.
The partnership will support...
ABS and HD Hyundai Samho Collaborate on AI-Driven Smart Shipyard
ABS and HD Hyundai Samho signed an MoU to explore AI-based smart shipyard technologies.
The collaboration focuses on applying automation, robotics, and data-driven...
IMCA: Marine Contractors are Crucial for EU’s Energy Plans
The marine contracting sector is essential to achieving Europe’s offshore wind and energy transition targets, contributing over €45 billion in annual GVA and...
IMO Addresses Safety Concerns Over Iran-Israel Maritime Dispute
Iran accused Israel of targeting key energy infrastructure along the Persian Gulf, calling the strikes a threat to maritime safety and a violation...
APAC Set to Lead Global CO₂ Shipping Market, Report Finds
APAC could require nearly 80 CO₂ carriers and over 90 storage sites by 2055 to support its CCUS ambitions.
Japan and Korea are...
Tanker Rates Soar and Insurance Premiums Skyrocket as Persian Gulf Risks Intensify
Shipping companies have become significantly less keen to send their tankers to lift oil and chemical products from the Persian Gulf due to the...
As New Orders Halve, South Korean Expertise in LNG Provides Competitive Edge for Shipbuilders
The global shipbuilding industry is indeed facing a significant slowdown in new orders, with the January-May 2025 period seeing volumes fall to nearly half...
Strait of Hormuz Tensions Drive 60% Surge in Tanker Rates
Tanker rates for routes through the Strait of Hormuz have more than doubled since Israel began bombing Iran. This dramatic increase is attributed to...
Mixed Signals on Diplomacy: Iran-Israel Conflict Draws Russian Warnings and US Deliberations
Russia's deputy foreign minister has issued a stern warning against any potential U.S. attack on Iran, stating that such a move would "radically destabilize...
Steamship Mutual Offers Safety Guidance Amid Escalating Maritime Risks
In response to the recent surge in geopolitical uncertainty and heightened risks in maritime areas, Steamship Mutual, a leading Protection & Indemnity (P&I) insurance...
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The Mounting Risks of Dirty Fuel
Dirty fuel to attract hefty fines.
Responsibilty shift from technicians to crews to ensure fuel is compliant.
Mass Flow Meters helps but not...
