News

Eastern Shipbuilding wins contract to build hybrid-electric ferries for WSF, marking a new era for sustainable transportation.

A French trawler crew witnessed a Russian Kilo-class submarine surfacing near Guernsey. The incident, monitored by French and UK navies, raised maritime safety discussions.

InfraVia Capital Partners acquires 80% of Louis Dreyfus Armateurs, launching a €1B investment to double its fleet.

Canada launches its first-ever LNG export from Kitimat, BC, marking a major milestone in energy diversification. The Shell-led project opens direct access to Asian markets.

UKMTO reports a surge in piracy incidents in the Indian Ocean in June 2025. Global shipping faces renewed threats. Naval response and rerouting underway.

Widespread GPS jamming in the Strait of Hormuz is disrupting maritime navigation, raising safety concerns after a tanker collision, and impacting global shipping and oil markets.

The cargo ship Morning Midas, carrying 3,000 vehicles including electric and hybrid cas, sank in North Pacific after a fire incident.

Concerns about a potential Iranian blockade of the Strait of Hormuz, a crucial passage for global oil and gas transportation, are causing an increase in oil prices and insurance rates. …

Shipping threats in the Arabian Peninsula are increasing, according to the Baltic and International Maritime Council (BIMCO), the largest organization of shipowners in the world. This heightened risk is mainly …

The Bayesian superyacht, which tragically sank off the coast of Sicily last August, resulting in the loss of seven lives, including tech magnate Mike Lynch and his daughter, has been …

In a landmark decision, Australia has imposed sanctions on 60 vessels linked to Russia’s so-called “shadow fleet”—a covert network of oil tankers used to bypass international sanctions and sustain the Kremlin’s war economy. …

The maritime industry is once again navigating turbulent waters as geopolitical tensions in the Middle East escalate. With the Strait of Hormuz and the Red Sea—two of the world’s most critical maritime chokepoints—under …

Gulf of Oman – June 19, 2025 — A significant oil slick has been detected in the Gulf of Oman following a collision between two tankers, Front Eagle and the shadow fleet vessel Adalynn, …

The maritime and shipping industry, the backbone of global trade, is navigating through turbulent waters in 2025. With geopolitical tensions, climate change, and digital threats reshaping the landscape, industry leaders …

A tripling in cargo insurance costs for tankers and record increases in freight rates have been recorded within hours, as shipowners and charterers react to growing uncertainty in the Middle East due to the …

Table of Contents Toggle IntroductionHistorical Parallels Offer InsightFreight Rates on the RiseStrait of Hormuz: A Strategic FlashpointMarket Reactions and Stock PerformanceLNG and LPG Markets Also AffectedElectronic Interference Raises Maritime Safety …

The global maritime community is now on heightened alert due to escalating fears of military escalation between Iran and Israel. These tensions are fueling widespread concerns about regional stability in …

Profitable investments in Shuttle DP tankers are a great opportunity for shipping companies according to Clarksons research.

Salvage teams are making progress removing containers and fuel from the grounded MSC Baltic III off Newfoundland, mitigating environmental risks.

Israel launches retaliatory airstrikes on Yemen after Houthi missile attacks target Israeli airports and cities, escalating regional tensions and impacting civilians.

The EU ETS carbon trading scheme poses serious challenges for small shipping companies. Discover how compliance costs, limited resources, and regulatory complexity may push smaller players to the margins of the maritime industry.

The CEO of Penn America Energy Holdings, Franc James, recently met with White House officials to discuss the company’s long-standing proposal to construct a liquefied natural gas (LNG) terminal near …

In a significant move signaling Russia’s ambition to reclaim its status as a top maritime power, President Vladimir Putin has approved a comprehensive new naval strategy. This long-term plan, extending …

The United States is reportedly considering establishing a new USVI ship registry in the U.S. Virgin Islands (USVI). This initiative, backed by Governor Albert Bryan Jr., aims to bolster the …

Table of Contents Toggle Petrobras Charts Ambitious Course: $5.1 Billion Investment to Expand Fleet by 52 VesselsKey TakeawaysA Strategic Investment for GrowthBoosting Local IndustryLooking AheadSources Petrobras Charts Ambitious Course: $5.1 …

WELLINGTON, New Zealand – June 6, 2025 — New Zealand maritime authorities are calling for a nationwide ban on substandard vessels following the release of a damning investigation into the 2023 …

In a developing maritime emergency in the mid-Pacific, the cargo ship Morning Midas was abandoned after a fire broke out on June 3, approximately 300 miles southwest of Adak, Alaska. …

The global shipping industry faces significant challenges in achieving net-zero emissions, despite the emergence of innovative solutions. While new technologies and alternative fuels are being explored, their high costs and …

CMA CGM, a prominent French container shipping line, has initiated a phased return to the Suez Canal for its India-US routes. This decision comes amidst a perceived stabilization of the …

The global shipping industry is a crucial element of international trade, enabling the transportation of goods across continents and contributing to economic growth. Among the numerous shipping companies, five major …