News Flash

Strait of Hormuz disruption: Which container vessels are trapped, waiting, or diverting?

Strait of Hormuz disruption: Which container vessels are trapped, waiting, or diverting?

The Strait of Hormuz is one of the most critical chokepoints in global shipping. Roughly 20% of global oil flows...
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AD Ports Group Confirms Business Continuity Across All Operations Amid Regional Developments

AD Ports Group Confirms Business Continuity Across All Operations Amid Regional Developments

AD Ports Group, a leading global enabler of trade, industry and logistics solutions, confirms that all operations across its clusters...
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Kongsberg Maritime, Seadrill, and Hanwha Drilling Forge Alliance to Pioneer Remote Dynamic Positioning (DP) Technology Collaboration to Establish New Standards for Offshore Drilling Safety, Efficiency, and Centralized Operations

Kongsberg Maritime, Seadrill, and Hanwha Drilling Forge Alliance to Pioneer Remote Dynamic Positioning (DP) Technology Collaboration to Establish New Standards for Offshore Drilling Safety, Efficiency, and Centralized Operations

Seadrill Limited (“Seadrill”) NYSE: SDRL, a premier offshore drilling contractor, Kongsberg Maritime AS (“KM”), a global technology leader, and Hanwha...
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Hempel: Record 2025 profitability strengthens Hempel’s position for future growth

Hempel: Record 2025 profitability strengthens Hempel’s position for future growth

Hempel A/S delivers its best financial result to date with free cash flow of EUR 259 million and the strongest...
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Anemoi calls for greater alignment in wind propulsion performance verification in new technical paper

Anemoi calls for greater alignment in wind propulsion performance verification in new technical paper

Anemoi Marine Technologies Ltd (Anemoi) and Lloyd’s Register (LR) have published a new paper encouraging closer alignment between existing methodologies...
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Fragmented compliance systems increase sanctions risk across global shipping, Marcura report warns

Fragmented compliance systems increase sanctions risk across global shipping, Marcura report warns

Maritime companies face rising sanctions and compliance complexity as regulators increasingly expect risks to be detected before violations occur, according...
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Middle East conflict hits shipping, oil prices

Middle East conflict hits shipping, oil prices

Middle East escalation affects global shipping, oil prices The latest escalation in the Middle East is rippling quickly through trade....
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ETF reaction to the Port Strategy and Maritime Industrial Strategy

ETF reaction to the Port Strategy and Maritime Industrial Strategy

The European Transport Workers’ Federation (ETF) welcomes today’s European Commission proposals for an EU Port Strategy and an EU Industrial...
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BIMCO: More Clarity Needed on Maritime Trade Security Guarantees in the Middle East

BIMCO: More Clarity Needed on Maritime Trade Security Guarantees in the Middle East

The announcement from US President Donald Trump about selling “political risk insurance and guarantees for the Financial Security of all...
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Shipping for oil tankers 4-5x higher in Strait of Hormuz says global shipping CEO

Shipping for oil tankers 4-5x higher in Strait of Hormuz says global shipping CEO

Stamatis Tsantanis, Chairman & CEO of global shipping company Seanergy Maritime and United Maritime says the closure of the Strait...
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Container freight from West Coast India to Middle East hits record high amid war

Container freight from West Coast India to Middle East hits record high amid war

Container shipping rates from the west coast of India to the Middle East hit record highs, with twenty-foot equivalent unit...
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IBIA Statement on the Situation in the Middle East

IBIA Statement on the Situation in the Middle East

IBIA’s thoughts are with all our members, seafarers and shore-based personnel affected by the recent developments in the Gulf region....
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ISSA Statement on the outbreak of hostilities in the Middle East

ISSA Statement on the outbreak of hostilities in the Middle East

The International Shipsuppliers & Services Association (ISSA) is deeply concerned at the escalation of hostilities in the Middle East and...
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Performance Shipping Inc. Signs Shipbuilding Contracts for the Construction of Two Newbuilding Suezmax Tankers

Performance Shipping Inc. Signs Shipbuilding Contracts for the Construction of Two Newbuilding Suezmax Tankers

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through two separate wholly-owned...
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Fitch: Iran Conflict’s Scope and Duration Will Determine Sovereign Rating Impact

Fitch: Iran Conflict’s Scope and Duration Will Determine Sovereign Rating Impact

Middle Eastern sovereign ratings generally have sufficient headroom to withstand a short regional conflict that does not escalate further, Fitch...
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Eurozone inflation at risk of trending higher over war in Middle East

Eurozone inflation at risk of trending higher over war in Middle East

Let’s look back at February: inflation increased from 1.7% to 1.9%. The negative contribution from energy prices was smaller in...
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Gas and oil prices soar and shares tumble as crucial shipping lane threatened

Gas and oil prices soar and shares tumble as crucial shipping lane threatened

Gas prices have spiked and stock markets indexes tumbled after an Iranian official said his country would “set fire” to...
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European natural gas prices spike amid Qatar LNG output stoppage

European natural gas prices spike amid Qatar LNG output stoppage

Natural gas prices in Europe soared by more than 28% on Tuesday, as the fallout from an Iranian strike on...
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Geopolitical risks in Middle East seen tightening Asian aluminum market

Geopolitical risks in Middle East seen tightening Asian aluminum market

Geopolitical developments in the Middle East were expected to boost prices across the Asian aluminum market amid a tight supply-demand...
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Marlink introduces Sealink Multi-LEO connectivity as a single, fleet-wide managed service

Marlink introduces Sealink Multi-LEO connectivity as a single, fleet-wide managed service

Marlink, a global leader in secure managed services for business-critical digital solutions, has introduced Sealink Multi-LEO, a new hybrid connectivity...
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