Mawani and Petrotank to Build Refuelling Hub at Yanbu Port

New Bunkering Centre Planned at King Fahad Industrial Port. Saudi Ports Push Logistics Growth with Fuel Infrastructure Upgrade. Yanbu Port to Host Integrated...

Maersk Posts USD 845 Million EBIT in Q2, Lifts 2025 Outlook

Maersk recorded USD 845 million in EBIT for Q2 2025, with revenue up 2.8% year-over-year. Ocean volumes grew 4.2%, led by strong exports...

Tanker Market Sees Mixed Fortunes and Broad Asset Correction

Suezmax Rates Rise but Annual Averages Drop. Aframax and LR2 Segments Face Earnings Slide. MR Tankers Show Regional Performance Split. Xclusiv Shipbrokers’ latest report...

AAA Raises Concerns Over GPS Spoofing Cover

  Vessel Grounding Claims Complicated by Cyber Exclusions. Cyber Clauses Like LMA5403 Create Legal Uncertainty in H&M Cover. GPS Spoofing Poses Rising Risk to...

HOCC Sanctions 64 Firms Over Israeli Blockade Breaches

Shipping Companies Banned from Red Sea for Violating Blockade. HOCC Targets Fleets Linked to Israeli Port Calls. Yemeni Forces Warn of Action Against...

G7 Tankers Begin Quiet Exit from Russian Oil Trade

Western Share in Russian Crude Exports Falls in July. EU-UK Enforce Stricter $47.60 Oil Price Cap. Greek Tankers Regain Ground but Face Sanctions...

APM Terminals Hits Record Volumes, Strengthens Partnerships

APM Terminals achieved record-high volumes in Q2 2025 across all regions, despite facing volatile market conditions. Strong partnerships with customers, governments, and industry...

North Star Inks Major Vessel Deal with RWE

North Star has signed landmark agreements with RWE for four hybrid-powered commissioning/service operation vessels (C/SOVs), marking the largest deal in its history. The...

Elbdeich Orders Two 5,100 TEU Boxships from Huangpu Wenchong

Elbdeich Reederei, a German shipowner, has ordered two 5,100 TEU widebeam container ships from CSSC Huangpu Wenchong Shipbuilding for delivery in 2027. These...

GCMD and INTERCARGO Join Forces to Accelerate Dry Bulk Decarbonisation

GCMD and INTERCARGO have entered a two-year partnership to support energy transition efforts in the dry bulk sector. The collaboration focuses on promoting...