News Flash

Vessel and Marine Data for Middle East Waters Free of Charge on the SeaNavigator Marine Weather Service

Vessel and Marine Data for Middle East Waters Free of Charge on the SeaNavigator Marine Weather Service

In response to the recent tensions in the Strait of Hormuz and the resulting rise in maritime logistics risks, Weathernews...
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Shipping industry warned of the safety risks of cutting seatime requirements for junior officers

Shipping industry warned of the safety risks of cutting seatime requirements for junior officers

A new briefing paper by the Maritime Professional Council of the UK warns that reducing mandatory seagoing service for Officer...
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MISC Expands LNG Carrier Fleet with the Naming of Seri Dian and Seri Dayang for SeaRiver Maritime

MISC Expands LNG Carrier Fleet with the Naming of Seri Dian and Seri Dayang for SeaRiver Maritime

MISC Group (MISC) announced the naming of its two new generation Liquefied Natural Gas (LNG) carriers, Seri Dian and Seri...
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Gulf shipping disruptions highlight need for alternative export routes, flexibility: ADNOC top exec

Gulf shipping disruptions highlight need for alternative export routes, flexibility: ADNOC top exec

The United Arab Emirates’ Habshan-Fujairah pipeline transports oil to a port 70 nautical miles outside the Strait of Hormuz, allowing...
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Japan’s MOL targets Southeast Asia for FSRU market growth

Japan’s MOL targets Southeast Asia for FSRU market growth

Japan’s shipping company Mitsui O.S.K. Lines sees Southeast Asia as an important focus market for floating storage and regasification units,...
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Carriers to remain cautious transiting Strait of Hormuz amid on-again, off-again peace talks

Carriers to remain cautious transiting Strait of Hormuz amid on-again, off-again peace talks

For the second time in a month, carriers must decide whether passage through the Strait of Hormuz is safe after...
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Six Types of Shipping Crisis And What They Mean for Freight Procurement

Six Types of Shipping Crisis And What They Mean for Freight Procurement

Disruption is familiar. The market’s response to it no longer is. Here’s why traditional tendering strategies break down in volatile...
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BIMCO and ICS welcome Beijing Convention coming into force

BIMCO and ICS welcome Beijing Convention coming into force

The Convention, officially the United Nations Convention on the International Effects of Judicial Sale of Ships, entered into force on...
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Baltic Dry Index Snaps 5-Day Rally

Baltic Dry Index Snaps 5-Day Rally

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, halted a five-day winning...
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Middle East April bunker fuel demand shifts as Hormuz shipping risks unsettle trade flows

Middle East April bunker fuel demand shifts as Hormuz shipping risks unsettle trade flows

Bunker fuel demand across key Middle Eastern ports declined in April as the war created uncertainty about ship movement and...
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HD Korea Shipbuilding posts record Q1 profit on strong high-margin ship orders

HD Korea Shipbuilding posts record Q1 profit on strong high-margin ship orders

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Thursday this year’s record...
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Strategic partnership between DYNAMARINe and Signal Ocean enhances transparency in STS operations

Strategic partnership between DYNAMARINe and Signal Ocean enhances transparency in STS operations

In an important step toward greater transparency and reliability in the maritime market, while leveraging data to improve the safety...
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OSK Design joins the Maritime Battery Forum (MBF)to bring decades of ship design expertise and hands-on battery integration experience to maritime electrification

OSK Design joins the Maritime Battery Forum (MBF)to bring decades of ship design expertise and hands-on battery integration experience to maritime electrification

The Maritime Battery Forum is thrilled to welcome OSK Design, an internationally recognised maritime design and consultancy firm, as the...
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Sustainable Shipping Initiative Launches First Data Map for Crew Welfare, Wellbeing and Safety, Exposing Critical Gaps for Progressive

Sustainable Shipping Initiative Launches First Data Map for Crew Welfare, Wellbeing and Safety, Exposing Critical Gaps for Progressive

The Sustainable Shipping Initiative (SSI) has released the first integrated, industry-wide mapping of crew welfare, wellbeing and safety data in...
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Lloyd’s Register grants approval for Navantia’s AI based Digital Twin framework

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

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

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...
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Maritime Visibility Collapses as Tensions Escalate Around Hormuz

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...
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Aframax Values and Earnings Reach Record Highs

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

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...
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