News Flash
Strait of Hormuz oil flows at risk amid Israel-Iran tensions
The Strait of Hormuz is a key waterway that lies between Oman and Iran, and connects the Persian Gulf with...
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Rapid WAPS uptake driven by stricter emission regulations and industry innovation, DNV says
DNV’s whitepaper explores the design and operational factors influencing WAPS fuel savings and provides steps for evaluating the technical feasibility...
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Marine war risk rates increase to 0.7% for Israel following Iran escalation
Marine war risk rates for ships transiting Israeli waters have spiked to around 0.7% following the escalation of tensions with...
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Oil tanker market signals more Middle East energy disruption ahead
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing...
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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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