The boom in shipbuilding orders is continuing, reaching a 17-year high, reports industry group BIMCO. While it sees a slowing in some sectors, it points to a recent surge in crude oil tanker orders coming after the container segment was already driven to new highs.
The ship was on its way from Khalifa Port in the United Arab Emirates to Kandla Port in India when it was hit on March 11.
From www.bbc.com
Vladimir Putin announced the truce, which will last from Saturday afternoon through Easter Sunday.
From www.imo.org
Acting to cut emissions from ships IMO is committed to supporting UN Sustainable Development Goal 13 - to take urgent action to combat climate change and its impacts - and the Paris Agreement by reducing greenhouse gas (GHG) emissions from shipping.
From breakbulk.news
The #SuezCanal has scrapped its 15% #containership rebate as the #Hormuz crisis keeps major carriers rerouting around the Cape.
The Maritime Authority of Jamaica has said paper-based processes are no longer fit for purpose in modern maritime operations, warning that outdated practices increasingly pose operational and safety risks in 2026.
From www.reuters.com
Hong Kong-based conglomerate CK Hutchison's (0001.HK) Panama business said it would seek arbitration over Maersk's (MAERSKb.CO), takeover of two strategic ports near the Panama Canal, which are at the center of a legal battle between Beijing and Washington.
From shipandbunker.com
Bunker One's physical supply footprint in the Baltic now stretches from Skaw to Finland.
From shipandbunker.com
The first two vessels are expected to be delivered in 2027.
Forty-eight hours into the two-week ceasefire between the US and Iran maritime security remains at a critical level in the Arabian Gulf, Strait of Hormuz, and Gulf of Oman, according to the Joint Maritime Information Center (JMIC).
The Baltic Exchange's dry bulk freight index advanced for a fifth consecutive session on Thursday, rising by 1% to its highest since March 5 at 2,161 points, driven by gains across all vessel segments.
From www.bbc.co.uk
John Healey says three Russian submarines left after being monitored "24/7" by UK forces, with no damage reported. He tells Vladimir Putin: "We see you."
Official Saudi sources have confirmed that recent Iranian attacks caused extensive damage to oil and gas facilities, killing at least one person and leading to a substantial cut in production capacity. Argus Media reports that all of the strikes occurred within the past 48 hours.
Four Royal Navy ships recently got under way to track the movements of Russian convoys through the English Channel and the North Sea, a higher-than-usual operational tempo for Russian activity in UK home waters.
The UK government claims that it has discovered and disrupted Russian plans to conduct "nefarious" activity over critical subsea fiber optic cables.
Vale reports it has entered into an agreement with China’s Shandong Shipping Corporation to build the first large ocean-going vessels that will use ethanol as their primary fuel.
From splash247.com
Contradictory signals from Washington and Tehran over who should profit from strait transits have added fresh uncertainty to a waterway that remains largely closed to commercial traffic.
From splash247.com
Brazilian mining giant Vale is pushing ahead with ethanol as a marine fuel, agreeing with China’s Shandong Shipping to build what it said will be the first ocean-going vessels powered primarily by ethanol.
From splash247.com
Switzerland is stepping up efforts to join the European Union’s port alliance, as it looks to strengthen its role in Europe’s increasingly security-focused logistics landscape.
From splash247.com
Offshore engineering and services player Subsea 7 has won a contract from Brazil’s state-owned giant Petrobras for the development of the Sépia 2 field.
From www.world-grain.com
Revenues climb, but cooperative reports net loss of $147.1 million
From www.world-grain.com
Rural America hardest hit by increasing fuel, energy expenses
From www.world-grain.com
Lowers potential carcinogenic compound in bread products
The ceasefire in the Middle East has resulted in only 10 vessels crossing the Strait of Hormuz, highlighting ongoing fears and concerns over safe navigation in this crucial maritime passage critical for global oil transport.
Russia's mineral extraction tax on oil is set to double following the energy crisis triggered by US and Israeli actions against Iran, reaching $9 billion in April.
