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Norwegian shipping magnate John Fredriksen is moving away from dry bulk shipping selling his Golden Ocean shares to the Savery’s family-controlled firm.
While shipping watches closely for Iran to make a decision on a full-scale closure of the Strait of Hormuz, shipping associations and government advisory agencies are urging caution for ships passing through areas within reach of Iran's military capabilities - including the Red Sea, where Iran-linked Houthis have suspended a ceasefire with the United States.
In an unusual daytime assault, Iran launched missile barrages targeting the Israeli port city of Haifa as well as other regions of the country.
Baltic Index Logs Worst Week In More Than Two Months.
Iran’s Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz following U.S. bombing raids, Iran’s Press TV said on Sunday, after parliament was reported to have backed the measure.
U.S. Secretary of State Marco Rubio on Sunday called on China to encourage Iran to not shut down the Strait of Hormuz after Washington carried out strikes on Iranian nuclear sites.
MENA has issued a warning over the threat of an environmental disaster after the oil spill in the Gulf of Oman.
Marine insurance costs for transporting energy and commodities in Middle Eastern conflict zones have surged, reflecting heightened maritime risks amid the escalation of the Iran-Israel conflict.
From splash247.com
The cross-sector ClarkSea Index hit a new high for 2025 on Friday, ahead of the decision by the US to strike Iran.
From splash247.com
Shandong Marine Group has swelled its orderbook of very large ore carriers (VLOCs) at Qingdao Beihai Shipbuilding.
From splash247.com
HD Hyundai has entered into a strategic partnership with an American shipbuilder.
Five leading marine and industrial service companies — Vigor, Continental Maritime of San Diego, MHI Ship Repair & Services, Seaward Marine Services, and Accurate Marine Environmental — today announced their unification under a single name: Vigor Marine Group.
A rising tide lifts all boats; this was one of the implications of Marine Money’s panel on product tankers, where multiple panelists were noting the shifts, both real and hoped for, of LR tankers into the crude trades as that market took a dramatic turn upward in the past week.
Amidst an ongoing exchange of fire with Iran, Israel's Shipping and Ports Authority has ordered car importers to prepare to evacuate all electric vehicles from Israeli seaports.
As part of its global expansion drive, Russia’s top container line FESCO has launched a new service linking key ports with Durban, South Africa.
From splash247.com
West Africa Gas is expanding its fleet with a pair of very large ammonia carrier (VLAC) newbuilds in South Korea.
From splash247.com
Dutch reefer specialist Seatrade has placed a newbuilding order for a series of up to eight 2,800 teu vessels at Huanghai Shipbuilding in China.
From splash247.com
Japanese shipping major Nippon Yusen Kaisha (NYK) is buying Kadmos, a global end-to-end maritime salary payments platform founded four years ago in Germany.
From splash247.com
Former platform supply vessel (PSV) investment outfit Standard Supply has transitioned to the cryptocurrency market.
Experts warn that any disruption in the Strait of Hormuz due to geopolitical tensions could lead to a significant spike in oil prices and impact India's energy resources. With nearly 30% of global oil moving through this vital route, the implications are dire for energy security worldwide.
Oil prices reached their highest levels since January due to escalating tensions after US attacks on Iranian nuclear facilities. As geopolitical risks rise, market analysts warn of potential supply disruptions and predict further price gains.
From www.world-grain.com
Has operated facility in Barreiras through lease since 1998
From www.world-grain.com
Recaps Sosland Purchasing Seminar presentation on global grain, bakery flour
From www.world-grain.com
Above-normal monsoon to boost wheat, corn and rice in 2025-26
Edison Chouest Offshore, a builder and operator of OSVs and other workboats, has reached an agreement with HD Hyundai to begin building container ships in the U.S. before the end of the decade.
Both before and after the devastating US attack on Iranian nuclear enrichment sites at Fordow, Natanz and Isfahan, US deployments of aircraft to the Naval Support Base airfield on Diego Garcia are illustrating the flaws in the agreement which the United Kingdom and Mauritius agreed on May 22, following the US administration’s support for the deal.
