News Flash

VLCC Tanker Market Riding the Wave of Middle East Tensions

VLCC Tanker Market Riding the Wave of Middle East Tensions

Clean LR2 LR2’s in the MEG saw the inevitable spike this week. The TC1 75kt MEG/Japan index sailed up 91.95...
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US urges China to dissuade Iran from closing Strait of Hormuz

US urges China to dissuade Iran from closing Strait of Hormuz

U.S. Secretary of State Marco Rubio on Sunday called on China to encourage Iran to not shut down the Strait...
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DNV: Ageing fleet driving increase in incidents

DNV: Ageing fleet driving increase in incidents

A clear uptick in casualties in 2024, driven by machinery damage/failure and an ageing fleet, stands out in the latest...
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Dry Bulk Market: Capesize Market on the Back Foot Last Week

Dry Bulk Market: Capesize Market on the Back Foot Last Week

Capesize The Capesize market trended downward this week, with sentiment consistently softening, particularly in the Pacific. C5 rates came under...
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Tanker Market Caught in War and Geopolitics “Fever”

Tanker Market Caught in War and Geopolitics “Fever”

With the threat of the closure of the Hormuz Strait gaining substantial ground after the weekend’s developments, it’s safe to...
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Commodities strengthen into midyear as demand for hard assets heat up

Commodities strengthen into midyear as demand for hard assets heat up

The commodities sector is closing in on a strong first half of 2025, with the Bloomberg Commodity Total Return Index...
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Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict

Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict

Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East...
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The EU Port Strategy should include a State Aid Framework for ports that boosts the competitiveness of the sector and enables it to reach EU objectives

The EU Port Strategy should include a State Aid Framework for ports that boosts the competitiveness of the sector and enables it to reach EU objectives

The EU Port Strategy should include a State Aid Framework for ports that boosts the competitiveness of the sector and...
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Britannia P&I Club and HFW Join Forces To Provide Guidance On Evolving Maritime Emissions Regulations As Industry Goes Through Major Upheaval

Britannia P&I Club and HFW Join Forces To Provide Guidance On Evolving Maritime Emissions Regulations As Industry Goes Through Major Upheaval

Britannia P&I Club has worked with leading global law firm HFW to produce a series of articles highlighting the latest...
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Hoegh Sunrise named in Japan as Aurora Class redefines deep-sea shipping standards

Hoegh Sunrise named in Japan as Aurora Class redefines deep-sea shipping standards

Today, shipping accounts for approximately 3% of global emissions, with 90% of those emissions originating from deep-sea transportation. There is...
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Maritime technologies in the spotlight as German and Latvian partners sign MoU on digital innovation

Maritime technologies in the spotlight as German and Latvian partners sign MoU on digital innovation

A Memorandum of Understanding (MoU) has been signed to mark bilateral cooperation and digital innovation in maritime technologies between German...
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Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages

Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages

Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea...
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Energy efficiency: the unsung hero of decarbonisation?

Energy efficiency: the unsung hero of decarbonisation?

The decarbonisation spotlight on shipping is often on shone on alternative fuels, but the role of energy efficiency should not...
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The Silent Revolution in Maritime Risk Prevention: 5 Human-Centric Tech Hacks That Can Transform Shipping

The Silent Revolution in Maritime Risk Prevention: 5 Human-Centric Tech Hacks That Can Transform Shipping

In today’s volatile maritime world, where global trade, vessel safety, and crew wellbeing are under constant pressure, the smartest investment...
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A Strait of Hormuz Disruption Seems Closer Than Ever

A Strait of Hormuz Disruption Seems Closer Than Ever

A potential Strait of Hormuz closure, a much debated threat over the past decade, as a result of rising tensions...
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Maritime Security Update: Increased risks to commercial vessels in the Arabian Gulf, Strait of Hormuz, Gulf of Oman, and Northern Arabian Sea

Maritime Security Update: Increased risks to commercial vessels in the Arabian Gulf, Strait of Hormuz, Gulf of Oman, and Northern Arabian Sea

Iran issued a stark warning that it would retaliate against US, UK, and French forces should they intervene in its...
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Unique Snapshot highlights true state of bullying and harassment in advance of Day of the Seafarer

Unique Snapshot highlights true state of bullying and harassment in advance of Day of the Seafarer

In advance of the IMO Day of the Seafarer’s focus on ‘My Harassment-Free Ship’, Sailors’ Society is launching a maritime...
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Launch by the IAPH data collaboration committee of its cyber resilience guidelines for emerging technologies in the maritime supply chain

Launch by the IAPH data collaboration committee of its cyber resilience guidelines for emerging technologies in the maritime supply chain

A dedicated IAPH working group operating under the data collaboration committee (DCC) has prepared a new set of cybersecurity guidelines...
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London P&I Club reports another strong financial year as sustained positive performance brings greater levels of stability

London P&I Club reports another strong financial year as sustained positive performance brings greater levels of stability

The London P&I Club has today announced its financial results for 2024/25, reporting an operating surplus of US$21.3m, while also...
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New Tideworks Survey Reveals Need for Practical Data Accuracy and Connectivity at Marine Terminals

New Tideworks Survey Reveals Need for Practical Data Accuracy and Connectivity at Marine Terminals

A new global survey from Tideworks Technology (Tideworks), a full-service provider of comprehensive terminal operating systems (TOS), in partnership with...
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