News Flash
Strait of Hormuz update: VLGCs ballasting from Gulf of Oman; Asian petchem receives a serious blow
Drewry AIS showcases several VLGCs that reached or were idling in the Gulf of Oman have altered course towards the...
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DP World Reports Record $24.4 Bn Revenue And $6.4bn EBITDA For 2025
DP World today announced record financial results for 2025, with revenue up 22% to $24.4 billion, and adjusted EBITDA up...
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Drone attack disrupts Salalah port operations
Port operations and bunkering at the Omani port of Salalah were suspended after a drone attack struck the port yesterday....
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MacGregor launches revolutionary Balanced Lashing System to redefine container shipping safety and capacity
MacGregor has launched its new Balanced Lashing System, a reliable solution designed to solve the long-standing industry challenge of uneven...
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Wallenius Wilhelmsen renews shipping contract with an estimated value of around USD 190m
Wallenius Wilhelmsen renews contract with a global automotive distributor with an estimated net freight value of around USD 190m during...
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Hapag-Lloyd container ship struck near UAE’s Jebel Ali port
A container ship operated by German shipping company Hapag-Lloyd was struck near the Jebel Ali port in the United Arab...
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BlueBox Systems launches “Tradelane Intelligence”: Data analytics for optimized freight decisions
BlueBox Systems, a leading provider of airfreight visibility solutions, is expanding its service portfolio with Tradelane Intelligence, a data analytics...
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XOCEAN’s X-30 achieves ROUV certification under the UK Workboat Code Edition 3
The certification marks one of the first of its kind for an operational platform. Lloyd’s Register (LR) has certified XOCEAN’s...
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Seanergy Maritime Announces the Acquisition of Two Japanese Capesize Newbuildings and Sale of Older Vessel; Provides Corporate Updates
Seanergy Maritime Holdings Corp. announced today that it has agreed to acquire two scrubber-fitted 181,500 dwt Capesize vessels to be...
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U.S. trade balance shows improvement, boosts economic optimism
The United States’ trade balance has shown a marked improvement, according to the latest economic data. The trade balance, which...
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INTERCARGO Urges Vigilance and Reaffirms Priority on Seafarer Safety as Security Risks Escalate in Middle East Gulf and Strait of Hormuz
The International Association of Dry Cargo Shipowners (INTERCARGO) has expressed deep concern over the rapidly evolving security situation in the...
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LNG Bunker Snapshot: Prices spike as Middle East crisis rattles global supply
LNG bunker prices in Rotterdam and Singapore have surged sharply as Middle East tensions, disruptions to Qatar’s LNG exports and...
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Gard and NAVTOR partner to launch Gard Insights on NavStation
For those at sea, every decision counts, and in the dynamic world of shipping, timely access to the right information...
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MOL Acquires Stake in V.Ships France, Expands LNG Fleet Under Management
V.Group, the global ship manager and marine services provider, has today announced a strategic partnership with shipping company Mitsui O.S.K....
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OPEC Retains Oil Forecast, Says Saudi Arabia Increased Oil Production Prior to Iran War
Crude Oil Price Movements In February, the OPEC Reference Basket (ORB) value increased by $5.59/b, month-on-month (m-o-m), to average $67.90/b....
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IEA Member countries to carry out largest ever oil stock release amid market disruptions from Middle East conflict
The 32 Member countries of the International Energy Agency unanimously agreed today to make 400 million barrels of oil from...
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Container ship order book hits new record high with 11.8m TEU on order
“Despite increasing trade policy uncertainty and falling freight rates, the container ship order book has continued to expand. It now...
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Asia’s high sulfur fuel oil cash differentials surge to highest since IMO 2020
The ongoing disruption in oil flows due to the US-Israel war with Iran has pushed Asia’s benchmark high sulfur fuel...
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Hormuz traffic increases, at least two sanctioned ships cross strait: CAS
Eight ships crossed through the Strait of Hormuz on March 10, up from three ships the day before, according to...
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Baltic Dry Index Edges Up
The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, rose about 0.4% to 1,926 points...
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