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The number of oil tankers transiting the Strait of Hormuz dipped further June 23 after edging down 5% in the week to June 22, according to S&P Global Commodities at Sea(opens in a new tab), as shipowners stayed alert on regional military conflicts while freight rates continued to surge.
With a U.S.-brokered ceasefire between Israel and Iran in effect, traffic in the Strait of Hormuz has returned to near-normal levels, including a revival of westbound transits into the Arabian Gulf.
Russia's Yamal LNG plant in the Siberian Arctic is one of the country's last remaining sources of energy sales to European markets.
The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell on Thursday, as a decline in capesize rates weighed on overall market sentiment.
On Wednesday, a major fire broke out aboard a supply boat in the Bay of Gibraltar, forcing seven crewmembers to abandon ship over the side.
The deadline for exclusive negotiations between CK Hutchison and a consortium of MSC subsidiary Terminal investment Limited (TiL) and Blackrock ends on Friday with warnings the deal could collapse.
Submissions have started to come in from industry for the FMC’s ship registry investigations as the Trump 2.0 administration focuses on international shipping.
While the final rules are still being reviewed and contested for what stands to be Brazil’s largest ever port auction, controversy is swirling around the auction, which is due to launch late this year.
Five crewmembers from the product tanker Scot Bremen have been arrested after the vessel's master found out that they were concealing packages of narcotics, operator Scot Tankers said Thursday.
In a move designed to consolidate Australia’s defense shipbuilding industry and build sovereign capabilities, construction and engineering services company Civmec has reached terms to buy Luerssen Australia.
From splash247.com
Discharges from open-loop scrubbers will be banned in internal waters and port areas throughout the northeast Atlantic by July 2027, following a meeting of environment ministers from 15 European countries yesterday.
From splash247.com
In a consolidation move within the US Jones Act market, Maritime Partners has inked a deal to acquire Centerline Logistics, one of the country’s top coastal tanker and marine services providers.
From splash247.com
Willem Vermaat, shipping director at Heidelberg Materials Trading, shares his perspective on the state of dry bulk. Shipping is a small world.
From splash247.com
New York-listed Greek bulker owner Diana Shipping has secured a new time charter deal with Cargill Ocean Transportation for one of its ultramaxes.
From splash247.com
The Saudi Ports Authority (Mawani) has sealed long-term concession contracts worth over SAR2.2bn ($586m) to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom.
From splash247.com
Dutch surveyor Fugro has been awarded a contract to conduct a comprehensive site characterisation programme for a deepwater gas project in the Eastern Mediterranean.
From splash247.com
Fully 16 years in the making, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships entered into force today, with the majority of demo yards in Bangladesh and Pakistan – two vital recycling destinations – still not compliant with the international regulation.
The maritime industry has pushed the workload on seafarers to unsustainable extremes and must do a comprehensive review of the number of tasks required to be done on board compared to the number of people available on board, if it wants to attract and retain a skilled workforce, says Captain Pradeep Chawla, CEO of MarinePALS.
Oil futures hit their lowest in more than a week on Tuesday after US President Donald Trump said a ceasefire had been agreed between Iran and Israel.
This year marks a significant milestone for The Bahamas Maritime Authority (BMA) as it proudly celebrates 30 years of maritime excellence.
From www.world-grain.com
Ending stocks for 2025-26 expected to grow slightly
From www.world-grain.com
Qingdao Food Technology Park will include oilseeds crushing, feed protein
From www.world-grain.com
Food, feed leaders gather at company’s Swiss headquarters
From www.linkedin.com
Learn what inherent vice means in marine cargo insurance, how it affects claims, and why understanding it is vital for shippers, carriers, and insurers.
ABS opened the doors on its latest training center, the Hellenic Ship Safety Center in Athens.
The newbuilding market has kept on showing added momentum as more Greek owners were reportedly active last week.
