News Flash
Economic Fury Targets Global Network Fueling Iran’s Oil Trade and Shadow Fleet
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned China-based independent teapot refinery Hengli Petrochemical (Dalian)...
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U.S. Navy intercepts Iran-linked vessel in Arabian Sea, orders return to Iran
U.S. naval forces intercepted a sanctioned vessel called ’Sevan’ in the Arabian Sea on Saturday, in a move tied to...
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Tanker Market Stabilizing After Recent Turbulence
Clean LR2 The TC1 75kt MEG/Japan index held in the mid to high WS120’s this week. A voyage west also...
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No safe transit through Strait of Hormuz: IMO Secretary-General
IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to address the situation in the Strait...
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Global Shipping Climate Deal Edges Closer: IMO Member States Urged to Hold Line
Ahead of this week’s meeting of the International Maritime Organization’s Marine Environment Protection Committee (IMO, MEPC 84, April 27-May 1),...
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PIL and ABS to Advance Maritime Decarbonisation with Alternative Marine Fuel Emissions Verification
Pacific International Lines (PIL) and ABS have announced a formal collaboration with a Memorandum of Understanding (MOU) to support PIL’s...
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US OFAC issues new sanctions and advisory notice on Iranian oil products
On 15 April, the US Department of the Treasury announced a further sanctions action by the Office of Foreign Assets...
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ABS and Fleet Robotics Team Up to Bring Autonomous Robotic Systems to Maritime
ABS and Fleet Robotics signed a memorandum of understanding (MOU) to collaborate on autonomous robotic systems for continuous hull cleaning...
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Genco Shipping & Trading Files Preliminary Proxy Statement in Connection with 2026 Annual Meeting of Shareholders
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today filed...
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Bureau Veritas calls for greater connectivity across value chains as AI reshapes global trade
Bureau Veritas Executive Vice-President, Industrials and Commodities, Matthieu de Tugny, delivers keynote at Singapore Maritime Week, outlining how digitalization, AI,...
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The optimal route: Moving beyond conventional thinking to holistic voyage planning
Digital tools for automated routing have been a game-changer for shipping by enabling shorter voyage times and enhanced fuel efficiency...
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Port cities lead the energy transition at UN Climate Week in Yeosu
Port cities from the Asia-Pacific region convened in Yeosu — a dynamic port and industrial hub of the Republic of...
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Widening gap in container rates suggest shippers are uncertain; Strait of Hormuz closed
Widening spreads between high and low costs for shipping containers on various trade lanes indicates uncertainty on both sides of...
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Hormuz reopening optimism shifts sentiment, but flows stay constrained
Reopening optimism has softened crude prices, but flows through Hormuz remain constrained, keeping underlying prompt tightness intact. Atlantic Basin differentials...
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Countries sideline Trump in moving forward on global shipping carbon price, at IMO technical talks
Governments made progress on finalising technical elements in the Net-Zero Framework (NZF), the world’s first global carbon pricing on any...
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ClassNK issues Approval in Principle (AiP) for a Liquified CO₂ Carrier installing Wind-Assisted Propulsion System
ClassNK has issued an Approval in Principle (AiP) for a Liquified CO₂ carrier installing the ‘Wind Challenger,’ a hard sail...
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Rio Tinto to charter two methanol dual-fuel bulk carriers
Mining company Rio Tinto has entered into an agreement to charter two methanol dual-fuel newbuild vessels from Japanese bulk operator...
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The 1 million TEU question: Do Gulf overland ports have the capacity?
Our analysis of approximately 35,000 vessel calls reveals that alternative ports with overland connections can absorb, at best, 62% of...
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Statement by IMO Secretary-General on the recent attacks on ships in the Middle East region
IMO Secretary-General Arsenio Dominguez issued the following statement: “The attacks on and seizures of commercial ships are unacceptable. I once...
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Maritime and Port Authority of Singapore Renews Partnership with Shanghai Maritime University to Strengthen Maritime Development
The Maritime and Port Authority of Singapore (MPA) and Shanghai Maritime University (SMU) have signed a Memorandum of Understanding (MOU)...
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