News Flash
Global dry bulk fleet set to drop 22% in young tonnage by 2028
The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels...
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Middle East Tensions Further Hurt Ship Recycling Activity
The ship recycling market was further hampered by the developments of the past week and the escalation of warfare between...
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Ocean Network Express strengthens global capacity as latest newbuilding, ONE Singapore, joins fleet
Ocean Network Express (“ONE”) announced today the naming of ONE Singapore, the sixth vessel in a series of 20 ammonia/methanol...
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EU readies ban on Russian gas imports by end of 2027
The European Commission is set to propose on Tuesday a ban on EU imports of Russian gas and liquefied natural...
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Three scenarios for the Israel-Iran crisis and the impact on the global economy
The global petrochemical industry, as a first flagged up in early 2022 and discussed again last week, is in a...
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China builds a crude oil war chest amid Middle East tensions
China is continuing to build up crude oil stockpiles as it refines substantially less than what it has available from...
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KR and HD Hyundai Samho Join Forces to Bring AI into Ship Design
KR (Korean Register) signed a memorandum of understanding (MOU) with HD Hyundai Samho on June 11 to jointly develop AI-based...
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Threatened closure of the Straits of Hormuz
The UK Maritime Trade Operations (UKMTO) warned of rising tensions in the Gulf Region and urged vessels transiting the Arabian...
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Asian tanker freight hits 2025 highs as Israel-Iran tensions spark fears of ship attacks
Asian tanker freight rates rose to year-to-date highs on June 17, as owners secured significant war risk premiums amid fears...
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Geopolitical Spillover: Assessing the Impact of Iran-Israel Tensions on the Tanker Shipping Industry
Escalating tensions between Iran and Israel are analyzed for their potential effects on global energy markets, particularly concerning the Strait...
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More Newbuilding Contracts for Dry Bulk Carriers
Ship owners were quite active in the dry bulk newbuilding market last week. In its latest weekly report, shipbroker Banchero...
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Impact Of Hypothetical Closure Of The Strait Of Hormuz On Multipurpose Shipping
The closure of the Strait of Hormuz is highly unlikely due to its crucial role in connecting Gulf Cooperation Council...
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IMRF and Lloyd’s Register Foundation partner to lead a strategic review of global maritime search and rescue systems
The International Maritime Rescue Federation (IMRF), in partnership with Lloyd’s Register Foundation, has launched the first-ever Global Maritime Search and...
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Pacific Basin Enhances Fleet Operations And Crew Welfare With Inmarsat Nexuswave
Inmarsat Maritime, a Viasat company, has signed an agreement with Pacific Basin Shipping Limited, one of the world’s leading dry...
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Cargo Integrity Group highlights cargoes that can compromise supply chain safety
In addition to promoting sound packing and shipping practices, the Cargo Integrity Group aims to increase awareness about the types...
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Israel-Iran tensions could boost shipping rates, favoring HMM and Pan Ocean
As Israel and Iran exchange airstrikes, geopolitical tensions in the Middle East are rising. If the situation prolongs, shipping rates...
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Lloyd’s List Intelligence Launches Emissions Performance Data in Seasearcher, in Partnership With Siglar Carbon
Lloyd’s List Intelligence today announces the launch of integrated emissions performance data in Seasearcher, developed in partnership with carbon analytics...
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RINA Hellenic Technical Committee Highlights Innovation, Growth, and Decarbonization at Athens Meeting
The recent meeting of the RINA Hellenic Technical Committee (HTC) convened maritime leaders in Vouliagmeni, Athens, to discuss the future...
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Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the...
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Middle East conflict slows tanker bookings, lifts rates
The costs of chartering tankers to move oil from the Middle East to Asia have climbed and ship bookings have...
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