In March 2026, tanker rates for Very Large Crude Carriers (VLCCs) leaving the Middle East to Asia were the highest since at least November 2005, when data were first recorded. The price increase followed Iran’s closure of the Strait of Hormuz on March 2. The Strait of...

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Chaucer Group (“Chaucer”), the global specialty (re)insurance group, and Ceto AI (“Ceto”), the technology company modernising maritime risk, announce the launch of a new marine Managing General Agent (MGA), operating as a Lloyd’s coverholder. Under the arrangement,...

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The International Marine Contractors Association (IMCA) has welcomed DEME Offshore Energy Managing Director Hugo Bouvy as its new President. He succeeded Luca Gentili, Head of Asset, Fabrication, and Project Services at Saipem, at the end of his two-year term at a...

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AST Reygar has been shortlisted for the Innovation of the Year Award at the International Tug & Salvage Convention, Exhibition & Awards 2026, recognising advances in technology that improves efficiency, safety, and performance across the global tug sector. The...

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Damaged Qatari infrastructure and a near-collapse in Hormuz transit are shifting the LNG market from a supply shock to a flow-constrained crisis. The global LNG market remains under significant stress following Iranian attacks on Qatari energy infrastructure, which...

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SmartSea has secured a strategic IT outsourcing (ITO) contract with the Maritime Company for Navigation (MACNA), Saudi Arabia’s leading marine mobility operator, assuming full responsibility for its IT infrastructure across both shore and vessel operations. This...

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