VLCC Freight Rates Soar Amid Middle East Conflict As Oil Market Uncertainty Intensifies

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The intensifying conflict between Israel and Iran, described as the most severe in decades, has sent shockwaves through global oil and tanker shipping markets,...

COSCO SHIPPING Ports Posts Strong Growth Recently, Overseas Terminals Lead Performance

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COSCO SHIPPING Ports (CSP), one of the world’s leading port and terminal operators, has reported robust throughput growth in May 2025, handling 9.8 million...

Cavotec Secures €1.55 Million Shore Power Deal For Port Of Antwerp-Bruges

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Cavotec has signed a €1.55 million contract with Equans to deliver a shore power system for cruise vessels at the Port of Antwerp-Bruges, Belgium....

Eitzen Avanti Ro Build World’s Largest Battery-Powered Containerships

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In a significant move towards maritime decarbonization, Norway-based Eitzen Avanti has secured funding to build the world’s largest battery-powered containerships, thanks to a green...

EU Transport Commissioner Tzitzikostas Outlines Vision for Greener Shipping

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In a recent high-level dialogue on maritime sustainability, newly appointed European Commissioner for Transport Apostolos Tzitzikostas laid out a comprehensive strategy to decarbonize European...

AtoB@C Shipping Welcomes Hybrid Vessel Biomar, Launches Final Build

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ESL Shipping’s subsidiary AtoB@C Shipping took delivery of Biomar, the seventh 5,400 dwt plug-in hybrid vessel in its 12-vessel newbuilding series—marking another important milestone...

Intoxicated Russian Captain Crashes Freighter into Moored Ship at Bremen Port

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A Russian ship captain struck a moored vessel while trying to leave the port of Bremen, Germany, on Thursday evening. The accident happened at...

Navigation Error Suspected in Tanker Collision Near the Strait of Hormuz

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A very large crude carrier (VLCC) and a Suezmax tanker collided approximately 15 nautical miles off the coast of Fujairah in the early hours...

Impact of Hypothetical Closure of the Strait of Hormuz on Multipurpose Shipping

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Israeli Strikes on Iran Raise Regional Shipping Concerns. Gulf Economies Depend Heavily on Strait for Breakbulk Imports. War Risk Premiums May Surge if...

Russian Oil Freight Rates to India Ease Further, Proposed EU Curbs may Reverse Trend

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Shipping Costs Fall to $5.5–$5.7 Million from Baltic Ports. Urals Crude Stays Below $60 Cap, Attracting Western Shipowners. EU Proposes New Sanctions, Eyes...
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