Imas supplies three flour mills to Mokhalad Group
One facility completed in 2024 with two to be commissioned this year
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Safeen Prestige Reportedly Sank in the Strait of Hormuz
The UAE-managed containership Safeen Prestige is reported to have finally succumbed to the fire that engulfed the vessel after it was attacked by the Iranians.
Iran to give safe passage for Philippines ships and seafarers
The Philippines has become the latest country to say it has agreed safe passage of the Strait of Hormuz with Iran for its ships.
Taiwan Accuses Salvage Barge of Damaging Subsea Cable
Taiwanese officials suspect that a Chinese salvage barge damaged a subsea cable off the coast of the Matsu Islands while recovering a grounded fishing vessel.
Venergy Maritime orders tanker pair at Waigaoqiao Shipbuilding
Greek shipowner Venergy Maritime has been rapidly expanding its newbuilding programme in China across tanker and container segments.
VLCC loadings in Yanbu soar due to Hormuz disruption
With the Strait of Hormuz closed to all but a trickle of shipping traffic the Saudi Arabian east – west pipeline that connects to Yanbu on the Red Sea has become a lifeline for crude exports.
UN Security Council Expected to Vote Down Use-of-Force Request for Hormuz
Three of the permanent members of the UN Security Council have signaled that they do not support a motion to authorize use of force to reopen the Strait of Hormuz, according to the New York Times.
Samsung Heavy Industries Participates in Its First U.S. Navy MASGA Project
South Korean shipbuilder Samsung Heavy Industries announced that it will be participating in its first U.S. shipbuilding project, working with General Dynamics NASSCO and DSEC.
Boxship Departing Taiwan Clips Docked Ship Sending Containers into Harbor
Operations were briefly interrupted on Wednesday, April 1, at the Port of Kaohsiung, Taiwan, after a departing containership clipped a docked vessel.
Four People Rescued by Vehicle Carrier Transiting the Bay of Biscay
Four people aboard a large sailboat were successfully rescued after their vessel began taking on water during a storm in the Bay of Biscay.
Erasmus taps Huangpu Wenchong for boxship newbuilds
Athens-based Erasmus Shipinvest Group is building out its container ship exposure with a fresh order in China.
BlackRock takes 5% stake in Samsung Heavy in vote of confidence for shipbuilding supercycle
The world’s largest asset management company BlackRock has become a significant shareholder in Samsung Heavy Industries, acquiring a 5.01% stake in the South Korean shipbuilder in a move that signals strong institutional confidence in the longevity of the current newbuilding supercycle.
Key Bridge insurer settles with Dali owners for $350m
The insurance company that paid out $350m to Maryland following the collapse of Baltimore’s Francis Scott Key Bridge has reached a settlement of the same amount with the owner and operator of the container ship Dali, in one of the first deals to be struck ahead of a landmark civil trial set to begin June 1.
Somalia registers its first vessel under the national flag in over three decades
Somalia has officially registered its first vessel under the national flag since the collapse of the country’s central government in 1991, marking what officials describe as a historic step toward restoring maritime sovereignty over the longest coastline in mainland Africa.
Ventura Offshore secures Brazil rig extensions with Petrobras
Offshore driller Ventura Offshore has been awarded contract extensions for two of its rigs operating offshore Brazil.
Tanjung Offshore wins FPSO tow and reconnection job
Malaysian offshore services player Tanjung Offshore, part of T7 Global, has won a one-year work order from the subsidiary of Petronas Carigali, Vestigo Petroleum.
Weather, geopolitics are wild cards for durum
Low prices, high input costs, weather and MAHA may shape market
Third-quarter earnings decline for Ardent Mills
Lower commodity trading revenue cited by JV partner Conagra
Mexico oilseeds consumption on the rise
FAS: Country’s food processing, livestock sectors driving increase
Oil prices surge past $110 as Trump vows escalation in Iran conflict, disrupting Strait of Hormuz
Despite hopes for de-escalation, Iran's continued retaliatory attacks and the US president's hawkish stance suggest prolonged market pressure. Refined fuel markets, particularly European diesel, also saw significant price increases.
India to Enforce Stricter Penalties on Wind and Solar Power Generators Starting 2027
New penalty regulations for wind and solar power producers in India will come into effect from April 2027, increasing charges for deviations from scheduled electricity supply and impacting the clean energy sector.
India's Crude Oil Prices Surge Amidst OPEC+ Discussions on Output Hike
India's oil prices hit a four-year high as global supply disruptions continue, with OPEC+ considering increased output to stabilize the market. Explore the impact of the West Asia conflict on oil prices and key players in the industry.
Market upheaval drives reversal in Singapore-Rotterdam LNG bunker spread
LNG bunker fuel prices in Singapore held a premium to Rotterdam on March 31, underscoring a sharp reversal from the discount structure seen earlier this year, as geopolitical tensions and regional supply-demand shifts reshape market dynamics.
FleetFusion targets fleet data gap
FleetSafe Group introduces a new platform aimed at giving shipowners and managers clearer oversight of assets, compliance and risk.
