Idwal, the global vessel assurance business, has partnered with Daiwa Kisen to deliver independent inspections across selected vessels in its fleet, with a focus on strengthening condition oversight and enabling more informed technical decision-making. The partnership...

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A legal foundation has been established to allow non-combat ships, such as the United States Navy’s strategic sealift ships and bulk fuel ships, to be built at shipyards in allied countries, including South Korea. As the United States, which had adhered to the...

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It will take weeks to clear the backlog of ships in the Strait of Hormuz, industry executives and shipping experts have warned, as the critical waterway is set to reopen. Oil prices initially dipped below $80 per barrel on news that the U.S. and Iran had agreed on a...

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“Global fertilizer shipments have fallen 11% y/y since the start of the Iran war. The closure of the Strait of Hormuz has restricted fertilizer exports from the Persian Gulf, tightening the global supply and increasing prices. The ceasefire agreement between the US...

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The world’s most important energy chokepoint may soon reopen, but insurance markets must regain confidence for the shipping sector to resume normal navigation. Meanwhile, Germany has dispatched two naval vessels for a possible mine clearance operation. Even as the...

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