News Flash | Sea and Job

Lloyd’s Register grants approval for Navantia’s AI based Digital Twin framework

Lloyd’s Register (LR) has issued an Approval in Principle (AiP) to the Spanish shipbuilder Navantia, S.A. (Grupo SEPI) for its AI-based Digital Twin Ready framework. The approval follows LR’s technical assessment of Navantia’s development, governance and validation...

Third WindWings® tanker “Monza” delivered to Union Maritime as wind propulsion scales amid IMO uncertainty

The LR2 tanker Monza, fitted with two 37.5-metre WindWings® developed by BAR Technologies, has been delivered to Union Maritime, marking the third vessel in the company’s newbuild series to adopt wind-assisted propulsion. Together, the vessels form the world’s first...

Baltic Dry Index at Near 2-1/2-Year High

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fifth session on Thursday, rising about 1.3% to its highest since December 2023 at 3,034 points, amid higher demand across all vessel segments....

Maritime Visibility Collapses as Tensions Escalate Around Hormuz

Operational Overview Maritime conditions around the Strait of Hormuz are entering a significantly more unstable phase as kinetic attacks, electronic interference, and coercive maritime control converge into a single operating environment. Since the launch of Project...

Aframax Values and Earnings Reach Record Highs

Fixed age values for eight-year-old Aframaxes stand at USD 75.17 mil, the highest levels ever seen, compared to USD 53.08 this time last year, equating to an increase of c.42%. This increase in values has largely been driven by a surge in earnings. One-year VV spot...

Strait of Hormuz in April: A Stop-Start Recovery Under Persistent Risk

One month after the Strait of Hormuz ceased to function as an unobstructed passage for commercial shipping, April brought no clear normalization. Instead, vessel activity evolved through a sequence of short-lived recoveries, reversals, and renewed disruptions, shaped...

Lloyd’s Register grants approval for Navantia’s AI based Digital Twin framework

Third WindWings® tanker “Monza” delivered to Union Maritime as wind propulsion scales amid IMO uncertainty

Baltic Dry Index at Near 2-1/2-Year High

Maritime Visibility Collapses as Tensions Escalate Around Hormuz

Aframax Values and Earnings Reach Record Highs

Strait of Hormuz in April: A Stop-Start Recovery Under Persistent Risk

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