Malaysia Prime Minister, Anwar Ibrahim said there was “not one shred of evidence” of ship-to-ship transfers of sanctioned Iranian oil off Malaysia, amid U.S. concern that Iran was using Malaysian service providers to move its oil. A senior U.S. Treasury official said...

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ABS, HD Korea Shipbuilding & Offshore Engineering Co., Ltd. and HD Hyundai Heavy Industries, Co., Ltd. signed a memorandum of understanding to collaborate on the technical feasibility for Medium-Voltage Direct Current (MVDC) power systems on ships. The agreement...

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On Sunday, 12 May, the 15-metre yacht “Alboran Cognac” sank in the southern entrance to the Strait of Gibraltar after being damaged by orcas. The crew were safely rescued. This is the latest in a series of incidents in recent years where individuals from this...

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Global supply chains are braced for further disruption and increasing costs after US President, Joe Biden announced new tariffs on Chinese imports. The tariffs will be imposed on a wide range of Chinese imports including semi-conductors, batteries, EVs and solar...

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The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities slipped to a more than one-week low on Tuesday, pressured by weaker demand across all vessel segments. The overall index, which factors in rates for capesize,...

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