News Flash
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 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’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
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., 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
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
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 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
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 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, 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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India likely to maintain Russian oil purchases
India’s crude and condensate imports reached a record 5.3mbd in February. This was driven by increased arrivals of non-Russia origin...
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Suspect in YouTuber Saleem Wastik Stabbing Killed in UP Encounter; Two Policemen Injured
GHAZIABAD: A 24-year-old man accused of attacking businessman and YouTuber Saleem Wastik was killed in a late-night police encounter in...
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MarinePALS CEO Calls for Realistic Review of Manning Scales as IMO Reopens Fatigue Debate
As the International Maritime Organization (IMO) prepares to open discussions at the 12th session of its Sub-Committee on Human Element,...
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American Club experiences solid progress with the 2026/2027 P&I renewal
The American Club has reported positive developments for the 2026 renewal across all lines of business. Gross tonnage for the...
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Shipbuilding supercycle drives Korea university revival and talent surge
University departments related to shipbuilding that were shunned by students during the shipbuilding slump have begun to draw attention from...
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How to track crude re-routing in a fragmented market
Crude re-routing signals rarely appear in headlines first – they show up in arbitrage economics. In a market shaped by...
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Asia-US container rates slightly lower as capacity tightening slows rate of decrease
Rates for shipping containers from east Asia and China to the US edged slightly lower this week as tighter capacity...
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US And Israel Military Strikes Against Iran Shatter Prospects Of Return Of Container Shipping To Red Sea
The US and Israel carried out a joint military operation today, 28 February, targeting sites in Iran. Iran has responded...
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Japanese shipping giants pull back as Strait of Hormuz ’practically closes’
Japanese carriers operating in the Middle East have shifted their operations from “high alert” to a total standstill. On Sunday,...
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