News Flash

How the Strait of Hormuz shutdown is disrupting dry bulk, LNG freight and trade compliance

How the Strait of Hormuz shutdown is disrupting dry bulk, LNG freight and trade compliance

The Mideast Gulf supplies approximately 20% of global seaborne LNG Over 10 confirmed GNSS interference incidents have occurred since February...
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Baltic Dry Index at Over 3-Week Low

Baltic Dry Index at Over 3-Week Low

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was down for a third session...
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HD Korea Shipbuilding wins 4 LNG carrier order, advances toward 2024 target

HD Korea Shipbuilding wins 4 LNG carrier order, advances toward 2024 target

HD Korea Shipbuilding & Offshore Engineering, the intermediate shipbuilding holding company of HD Hyundai, said on the 5th that it...
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Genco Shipping & Trading Limited Announces Delivery of First High Specification Newcastlemax Vessel

Genco Shipping & Trading Limited Announces Delivery of First High Specification Newcastlemax Vessel

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced...
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China’s shipping giant Cosco halts services to and from Gulf

China’s shipping giant Cosco halts services to and from Gulf

Chinese shipping giant Cosco, which operates one of the world’s biggest oil tanker fleets, announced it was suspending services to...
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Establishment of the Japan-New Zealand Hydrogen Corridor-Study begins toward commercializing hydrogen production in New Zealand and export operations to Japan

Establishment of the Japan-New Zealand Hydrogen Corridor-Study begins toward commercializing hydrogen production in New Zealand and export operations to Japan

Minato-ku,, OBAYASHI CORPORATION, Kawasaki Heavy Industries, Ltd., and Chiyoda Corporation established the Japan–New Zealand Hydrogen Corridor on March 5. The...
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Scorpio Tankers Inc. Announces Vessel Sale Agreements and Time Charter-Out Agreements

Scorpio Tankers Inc. Announces Vessel Sale Agreements and Time Charter-Out Agreements

Scorpio Tankers Inc. announced that it has entered into agreements to sell three product tankers and time charter-out two product...
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Middle East Operational Advisory – Contingency Measures for Selected Gulf Ports

Middle East Operational Advisory – Contingency Measures for Selected Gulf Ports

Further to our previous advisories and considering the evolving security situation in and around the Upper Gulf region, vessel movements...
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SulNox: Pan Marine distribution and fleet adoption

SulNox: Pan Marine distribution and fleet adoption

Sulnox, the greentech company delivering lower fuel costs and emissions with zero capex, is pleased to announce a distribution agreement...
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Message from ICS Chairman Mr. Emanuele Grimaldi on the military conflict in the Strait of Hormuz

Message from ICS Chairman Mr. Emanuele Grimaldi on the military conflict in the Strait of Hormuz

“I have been deeply concerned about the seafarers who are being put in extreme danger in the Strait of Hormuz...
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Pilbara Ports signs MOU with Yara Pilbara on low-carbon ammonia bunkering hub

Pilbara Ports signs MOU with Yara Pilbara on low-carbon ammonia bunkering hub

Pilbara Ports has taken a step further towards development of a low-carbon ammonia bunkering hub (ship re-fuelling) in the Pilbara,...
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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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