The US Central Command (CENTCOM) has launched further strikes on sites along Iran’s southern coast. Brent crude’s price has remained well above $80/bbl amid further escalation in the Middle East, after the CENTCOM disabled an Iran-linked vessel, allegedly attempting...

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Technology group Wärtsilä will supply its Wärtsilä 25 Ammonia auxiliary engine, together with a NOx reducer (SCR) and gas valve unit (GVU), for two new 51,350 m3 capacity midsize LPG/liquid ammonia carrier vessels. The engine will support reduced emissions and...

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India plans to set up a greenfield shipbuilding cluster and a ship repair facility in the western state of Gujarat, projects that would advance the country’s ambition to play a bigger role in the global shipbuilding sector, the shipping ministry said July 15. The...

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As armed clashes between the United States and Iran continue, scuttling end-of-war talks and prompting the United States to reimpose a counter-blockade of the Strait of Hormuz, global shipping companies are reportedly forgoing transits because they do not trust the...

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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for the second session on Thursday, dropping about 3% to its lowest since July 6 at 2,840 points, amid continued weakness in the larger segment. The...

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