Fujairah Terminals and FFZA Sign Agreement to Expand Global Shipping Reach

Fujairah Terminals and Fujairah Free Zone Authority signed an MoU to strengthen maritime and logistics collaboration. The partnership aims to attract investment, improve...

Møre Sjø Commits to Hydrogen with New Order for Emission-Free Bulk Carriers

Møre Sjø has ordered two hydrogen-powered, emission-free bulk carriers from Gelibolu Shipyard in Türkiye. The vessels, designed by Naval Dynamics and equipped with...

PowerAlign Introduced as Cavotec’s Solution for Shore Power in Space-Limited Terminals

Cavotec has unveiled PowerAlign, a modular and mobile shore power solution tailored for container terminals. The system offers up to 140 m coverage per...

Hormuz Oil and LNG Transit Unaffected by Israel–Iran Developments

The Strait of Hormuz maintained steady oil and LNG flows in Q1 2025 despite rising Israel–Iran tensions. Around 20% of global petroleum liquids...

MOL, MISC & PETRONAS Team Up to Propel Cross-Border CO₂ Shipping

Mitsui O.S.K. Lines, Ltd. (MOL), PETRONAS CCS Ventures Sdn. Bhd. (PCCSV), and MISC BERHAD (MISC) have announced the establishment of a joint venture company,...

Tanker Rates Soar as Israel-Iran Tensions Rattle Gulf Shipping

Fears of attacks on commercial ships. Insurance premiums expected to rise. Spot tanker freight rates across Asia have surged to their highest levels of...

Fujairah May Ship Bunker Sales Dip to Three-Month Low

Sales drop 8.3% from April LSFO grade down 8.2% HSFO declines 13% Ship bunker sales at the UAE port of Fujairah saw a notable...

Mitsui OSK CEO Says Shipping in Gulf Continues, Closely Monitoring Situation

Japan's second-largest shipping company, Mitsui O.S.K. Lines (MOL), is operating as usual in the Gulf while closely monitoring the situation in the region, CEO...

Zhoushan Speeds Up Clearance for International Ships After Bunkering

China’s bunkering hub Zhoushan introduced on 13 June a streamlined customs clearance system for international vessels after bunkering, aiming to cut port time and...

ONE Singapore Joins Fleet, Boosting ONE’s Global Capacity

Ocean Network Express (“ONE”) announced the naming of ONE Singapore, the sixth vessel in a series of 20 ammonia/methanol ready container vessels. The naming...