Featured News
Freight rates for Very Large Gas Carriers (VLGCs) have reached their highest levels since early 2024. This surge is attributed to strong demand for liquefied petroleum gas (LPG) from Asia and India, alongside …
The EU has sanctioned Intershipping Services LLC, operator of the Comoros and Gabon flag registries, for facilitating the ‘shadow fleet’ of aging, uninsured vessels transporting sanctioned oil, highlighting global efforts to curb maritime risks.
ATHENS, July 9, 2025 — The global shipping industry is navigating through one of its most challenging periods in recent years, as armed conflicts, geopolitical instability, and economic uncertainty converge to …
Houthi rebels launched a major attack on the Greek-owned vessel MV Eternity C in the Red Sea. Armed security guards engaged in a firefight to prevent boarding. Get the latest maritime security news.
A Greek-owned bulk carrier was attacked in the Red Sea with gunfire and sea drones, causing a fire and forcing the crew to abandon ship. Maritime sources suspect Houthi involvement.
An external explosive device likely caused the blast that damaged the Greek oil tanker Vilamoura off Libya’s coast, according to TMS Tankers.
A fire aboard the decommissioned supertanker Sloug at a Turkish scrapyard has reignited environmental and safety concerns, highlighting gaps in ship recycling regulation enforcement.
Explore the top 10 tanker shipping companies in 2025 by fleet size and specialization. Discover key players in crude and product tanker fleets, market trends, and strategic insights.
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 …
Shipyards
HD Hyundai Heavy Industries, the world’s largest shipbuilder, announced plans to merge with its affiliate HD Hyundai Mipo. This strategic move aims to capitalize on …
Drydocks World awarded contract to build the world’s largest Floating LNG facility off Mexico for AMIGO LNG, set to boost global energy supply.
Shipping Companies
Explore the top 10 tanker shipping companies in 2025 by fleet size and specialization. Discover key players in crude and product tanker fleets, market trends, …
June 2025 | Victoria, British Columbia — In a significant move to modernize its aging fleet and meet growing passenger demand, BC Ferries has announced the procurement of four …
Classification Societies
Comoros accuses an EU-sanctioned ship register of fraudulent flagging practices, raising concerns about maritime security and sanctions evasion
The 2025 Maritime Safety Report by DNV has revealed a concerning trend. A 42% increase in maritime safety incidents between 2018 and 2024, despite only a modest 10% growth …
Marine Engines
Learn how decarbonization requires innovations in Maritime Propulsion
MAN Energy Solutions has announced the upcoming delivery of the world’s most powerful two-stroke methanol engine, which is set to revolutionize the maritime industry. This …
