News Flash

Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack

Satellite imagery revealed a number of oil tankers vacating the waters around Iran’s key Kharg Island oil loading terminal, amid...
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Marine businesses will gain a share of £14m in Scottish government support.

Seven isles-based projects will benefit from the investment – including a Scalloway fisher who will use the support to secure...
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Korean Industry Feels Pressure as China Dominates Container Ship Market

The three major Korean shipbuilders—HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Hanwha Ocean—simultaneously announced new ship contracts...
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Marine Corps’ unmanned ‘narco-boat’ heads to Okinawa for Indo-Pacific trial

The Marine Corps will soon deploy an unmanned, semisubmersible watercraft designed to move supplies and weapons across large ocean distances...
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USAID launches regional programme to promote marine biodiversity

The United States Agency for International Development (USAID) last week launched the USAID Caribbean Sustainable Ecosystems Activity in Kingston, Jamaica....
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Strategic Marine Delivers Fast Crew Boat for Brunei’s Oil and Gas Sector

Singapore-based shipbuilder Strategic Marine has delivered the Amarco S1 fast crew boat to Amarco which will be put to long-term...
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Cruise Lines Embrace Citizen Science Project to Protect Marine Ecosystems

Expedition cruise operators are actively supporting the Secchi Disk study, a hands-on citizen science initiative that allows guests to gather...
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MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa

Mytheresa (NYSE:MYTE) and Richemont (SWX:CFR) announce that they have entered into binding agreements for the acquisition of 100% of the...
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European Commission Authorisation Decision on the Sale of 42.06% of the Share Capital of CLASQUIN to SAS Shipping Agencies Services Sàrl

The European commission today approved, in light of EU regulations on mergers, the acquisition of sole control of Clasquin S.A....
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Convergence around a smaller number of options during the last GHG meetings before approval, put the IMO in a strong position to drive an energy transition in international shipping

The IMO’s Marine Environment Protection Committee 82nd meeting has concluded with a large amount of work remaining. However, negotiations are...
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Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation

Oil watchers are now seeing a genuine threat to crude supplies after Iran launched a ballistic missile attack on Israel,...
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Goldman Sachs says crude could spike by $20 on Iran oil shock

Oil prices could shoot up $20 per barrel if Iranian production sees a hit, according to Goldman Sachs. U.S. crude...
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Alphard Maritime Looks To Set Up A $500 Million Shipping Fund In IFSC Gift City

Alphard Maritime Group plans to set up a $500 million shipping fund in the Gujarat International Finance Tec-City (GIFT City)...
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US port strike ends leaving cargo backlog

US East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage...
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Thousands of shipping containers have been lost at sea. What happens when they burst open?

Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the...
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South Korean Shipbuilders Land KRW 2 Tril. in Orders in a Single Day

The three major domestic shipbuilders—HD Korea Shipbuilding, Hanwha Ocean, and Samsung Heavy Industries—announced on Oct. 2 that they had secured...
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Russia’s Shadow Tankers Threaten Baltic Environmental Catastrophe

The environmental group Greenpeace has examined the risks that Russia’s shadow fleet poses to the Baltic Sea as its vessels...
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IMO MEPC 82: Negotiations On A New Net-Zero Framework Continue

The 82nd session of the IMO’s Marine Environment Protection Committee (MEPC 82) continued its negotiation of GHG fuel intensity requirements,...
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Tankers: VLCC Market on the Rise

Clean LR2 LR’s in the MEG were back to being subjected to downward pressure this week, taking them back to...
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Baltic index logs weekly fall as capesize dips

The Baltic Exchange’s main sea freight index fell on Friday, marking its first weekly decline in three, as the capesize...
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