On 20 July, Houthi forces declared a full maritime blockade against Saudi Arabia, closing the Bab al-Mandab Strait to vessels servicing Saudi ports. Following this move, Tanker Xin Long Yang, a Chinese VLCC carrying Saudi crude, turned back towards Suez rather than...

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In the Middle East, uncrewed maritime systems are supporting continuous national surveillance operations in extreme heat, high salinity, congested waters and a complex security environment. Since August last year, our operations have been running around the clock in...

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The EU’s 21st sanctions package has been released and, as anticipated, the proposal for a full maritime services ban was shelved, allowing European shipowners and marine service providers to continue shipping Russia oil, so long as it is sold at prices below the Oil...

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The European Commission has approved the Netherlands’ state aid scheme to acquire a fleet of ships running on renewable hydrogen or methanol in shortsea trades amid tightening regulatory requirements, the EU executive said. The scheme will provide direct grants for...

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The Baltic Dry Index fell 1.2% to 2,664 on Tuesday, reaching its lowest level since July 2. The Capesize Index, which typically tracks vessels transporting 150,000-ton cargoes such as iron ore and coal, declined 1.4% to 4,140, its lowest level since July 22. The...

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