News Flash

Hormuz relief may not ease the economic toll that’s already ‘baked in,’ analysts warn

Hormuz relief may not ease the economic toll that’s already ‘baked in,’ analysts warn

Early signs that the Strait of Hormuz is reopening have eased the most acute threat to global energy supplies, but...
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Shipping groups want mines cleared, TSS restored for normal Hormuz traffic

Shipping groups want mines cleared, TSS restored for normal Hormuz traffic

Maritime traffic via the Strait of Hormuz will only return to normal levels when mines are removed and traditional routes...
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Braemar joins the Sustainable Shipping Initiative

Braemar joins the Sustainable Shipping Initiative

The Sustainable Shipping Initiative (SSI) today announced that Braemar, the international shipbroking and financial services group, has joined SSI as...
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MOL Signs Deal to Supply Bio-LNG Fuel for Car Carriers in Europe- Accelerating the Use of Clean Fuels in the Drive Toward Net-Zero Emissions by 2050

MOL Signs Deal to Supply Bio-LNG Fuel for Car Carriers in Europe- Accelerating the Use of Clean Fuels in the Drive Toward Net-Zero Emissions by 2050

Mitsui O.S.K. Lines, Ltd. has signed new supply agreements in Northern Europe and the Mediterranean region to expand the use...
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Idwal partners with Daiwa Kisen to deliver data-driven fleet insight through independent inspections

Idwal partners with Daiwa Kisen to deliver data-driven fleet insight through independent inspections

Idwal, the global vessel assurance business, has partnered with Daiwa Kisen to deliver independent inspections across selected vessels in its...
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U.S. Senate Panel Opens Door To Overseas Shipbuilding

U.S. Senate Panel Opens Door To Overseas Shipbuilding

A legal foundation has been established to allow non-combat ships, such as the United States Navy’s strategic sealift ships and...
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Strait of Hormuz reopening may take weeks to ease shipping backlog and oil pressure

Strait of Hormuz reopening may take weeks to ease shipping backlog and oil pressure

It will take weeks to clear the backlog of ships in the Strait of Hormuz, industry executives and shipping experts...
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US-Iran deal could boost fertilizer shipments after 11% drop

US-Iran deal could boost fertilizer shipments after 11% drop

“Global fertilizer shipments have fallen 11% y/y since the start of the Iran war. The closure of the Strait of...
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Shipping industry wary of resuming Strait of Hormuz navigation despite imminent deal

Shipping industry wary of resuming Strait of Hormuz navigation despite imminent deal

The world’s most important energy chokepoint may soon reopen, but insurance markets must regain confidence for the shipping sector to...
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New study on gaps between EU Ship Recycling Regulation and the Hong Kong Convention published, stresses need for one international standard

New study on gaps between EU Ship Recycling Regulation and the Hong Kong Convention published, stresses need for one international standard

European Shipowners | ECSA and the International Chamber of Shipping (ICS) are releasing today an independent study on the key...
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Safeguarding the future of green ports: NTUA secures grant to advance safe and resilient infrastructure for maritime electrification

Safeguarding the future of green ports: NTUA secures grant to advance safe and resilient infrastructure for maritime electrification

A grant from Lloyd’s Register Foundation launches the AEGIS project to further enhance the resilience and operational safety of maritime...
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Asia-US container rates face upward pressure; falling fuel costs could cap increases

Asia-US container rates face upward pressure; falling fuel costs could cap increases

Rates for shipping containers from Asia to the US continue to face upward pressure amid an early start to peak...
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Today’s commercial fleets demand a new approach to safety, says ShipIn Systems

Today’s commercial fleets demand a new approach to safety, says ShipIn Systems

The maritime industry must move faster to support seafarers and shore-based teams with digital tools capable of reducing operational risk,...
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Eitzen Group subsidiary orders two fully electric container ships

Eitzen Group subsidiary orders two fully electric container ships

Norwegian shipping company Eitzen Group, through its subsidiary Zen, has placed an order for two fully electric container vessels at...
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ABS, Polaris Shipping, HHI and AVIKUS Sign Agreement for Conditional Unmanned Bridge

ABS, Polaris Shipping, HHI and AVIKUS Sign Agreement for Conditional Unmanned Bridge

ABS, Polaris Shipping, HD Hyundai Heavy Industries (HHI) and autonomous navigation solutions provider AVIKUS have signed a four-party Concept Study...
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Euploia Drydocks & Services Ltd and WSK International Sp. z o.o. Announce Strategic Exclusive Partnership

Euploia Drydocks & Services Ltd and WSK International Sp. z o.o. Announce Strategic Exclusive Partnership

We are pleased to announce the establishment of an exclusive principal partnership between Euploia Drydocks and Services Ltd and WSK...
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MOL recognised for advancing innovation in LNG decarbonisation at Lloyd’s Register Global LNG Forum

MOL recognised for advancing innovation in LNG decarbonisation at Lloyd’s Register Global LNG Forum

Lloyd’s Register (LR) has recognised Mitsui O.S.K. Lines (MOL) with the Global Technology Technical Achievement Award at its 4th Global...
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Hormuz insurance costs deter clean tankers more than crude carriers: brokerage

Hormuz insurance costs deter clean tankers more than crude carriers: brokerage

High insurance costs present a greater deterrent to oil products tankers contemplating transit of the Strait of Hormuz than to...
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Valenciaport maintains container traffic through May despite a decline in bulk cargo

Valenciaport maintains container traffic through May despite a decline in bulk cargo

The Port Authority of Valencia (APV) handled 32.8 million metric tons during the first five months of the year, representing...
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Diana Shipping Inc. Raises Offer To Acquire Genco Shipping & Trading To $27.34 Per Share Comprised Of $24.80 In Cash And One Diana Share

Diana Shipping Inc. Raises Offer To Acquire Genco Shipping & Trading To $27.34 Per Share Comprised Of $24.80 In Cash And One Diana Share

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is...
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