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A Saudi-owned VLCC has been struck off Yanbu in the northern Red Sea, extending the Houthi campaign against Saudi shipping to one of the kingdom’s most important alternative crude export routes. The 320,926 dwt Amzan was hit around 63 nautical miles west of Yanbu on August 24. UK Maritime Trade Operations said an unknown projectile …
Chinese chemicals and energy group Jiahua Energy is moving into shipowning with an order for a 35,000 cu m carrier from CIMC Sinopacific Offshore & Engineering. The company has capped total investment in the vessel and pre-operating costs at CNY750m ($111m). Jiahua subsidiary Meifu Port & Storage will fund 60%, with three partners covering the …
BW LNG, a liquefied natural gas (LNG) shipping company that is part of Singapore-based BW Group, has shed more light on its move that pushes LNG carrier capacity beyond the conventional 174,000-cubic-meter (cbm) design with a new 177,000-cbm, three-tank configuration, described as being able to carry more cargo while retaining the flexibility and terminal compatibility of the established vessel class. The post BW LNG builds on 174k LNG carrier workhorse with 177k cbm three-tank design appeared first on Offshore Energy .
Turkish gas shipowner PascoGas has been linked to another major newbuilding move at HD Hyundai, with four LPG carriers contracted in a KRW515.4bn ($370m) deal. HD Hyundai Heavy Industries disclosed the order on Monday, identifying the customer only as an Oceania-based shipping company. The ships are scheduled for delivery by March 31, 2030. Shipbuilding sources …
New York-listed Greek bulker owner Diana Shipping has secured a 41% rate increase for the panamax Leto in a direct charter continuation with commodities giant Cargill. The 2010-built, 81,297 dwt vessel has been fixed at $18,000 per day, less a 4.75% commission, from September 10. The deal runs until at least September 1, 2027, with …
Just two tankers transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally of commodity vessels since early May, with both entering the Gulf, shipping data showed.
Hanwha is pushing deeper into the American LNG value chain, establishing a new US company that will combine procurement, trading and logistics with the Korean conglomerate’s rapidly expanding shipping and shipbuilding businesses. Hanwha Aerospace announced today the creation of Hanwha Horizon USA, which will serve as the control tower for its global LNG operations. James …
Indonesia, Malaysia and Singapore — countries that share the primary stewardship of the Strait of Malacca — said on Tuesday they were committed to keeping the narrow corridor and the waters around it “free, open and safe for international shipping.”
As Ian Fleming wrote in his 1959 novel Goldfinger: “Once is happenstance. Twice is coincidence. Three times is enemy action.” Apply that to the current M&A-prone landscape for shipping lines and… Now What’s known: Mediterranean Shipping Company (MSC) is – directly or indirectly; more below – readying to pull the trigger, as “urgency is felt to close deals”, including those where 100% ownership must be achieved in various ventures. Kind of… in line ... The post MSC – M&A-hungry and on the prowl appeared first on The Loadstar .
MSC is continuing its restoration of Suez Canal transits for selected east-west services, joining the Gemini Cooperation and Ocean Alliance in a cautious return to the Red Sea route. The move follows last week’s announcement that the world’s largest container shipping line would be sending seven ships through the waterway this month. It said on Monday: “Following a comprehensive review of the latest security and operational conditions in the Red Sea region, ... The post MSC schedules more east-west liner services for Suez Canal transit appeared first on The Loadstar .
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President Donald Trump declared Tuesday that the U.S. Navy has cleared all mines from international waters in the Strait of Hormuz, even as the multinational maritime security center overseeing threats...
China on Tuesday signaled it would not end its ties and trade relations with Iran following the U.S. sanctions unveiled on Monday that target Chinese and Hong Kong entities for helping Iran do business. On Monday, the U.S. Administration announced a series of new sanctions against individuals and entities linked with Iranian trade and economy, including the shipping and oil industry. However, “Operation Economic Outcast,” launched by Treasury Secretary Scott Bessent, stopped short of sanctioning any Chinese banks. The oil trade remains…
Iran and Oman have unveiled a framework for restoring safe navigation through the Strait of Hormuz, including a temporary shipping corridor, joint mine-clearing operations and further talks over the future...
While unfounded fears of higher tariffs helped drive what amounted to unexpected demand by anxious shippers this summer, other assorted geopolitical intrigue is keeping the container market on edge. Asia-U.S. West Coast prices increased 1% to $6,826 per forty foot equivalent unit (FEU), according to the latest Baltic Index from SONAR data contributor Freightos. Asia-U.S. East Coast prices were 2% higher, at $9,576 per FEU. Events that could pressure container traffic on the trans-Pacific are being closely watched. The United States is trying to tighten economic sanctions on countries doing bus
Orca AI has expanded its collaboration with Eastern Pacific Shipping (EPS) following the successful completion of a pilot involving five vessels and more than 130,000 nautical miles of operations. Following the pilot, EPS will deploy Orca AI’s maritime operations platform across dozens of additional vessels, reflecting confidence in the platform’s ability to support navigational awareness ...
Topic, TSUNEISHI SHIPBUILDING and OceanWings today announced the successful completion of OceanWings rigid wingsail installation aboard the Ultramax bulk carrier MARIA TOPIC. Retrofitted at TSUNEISHI SHIPBUILDING in Japan, the vessel now returns to commercial service, marking a major milestone in OceanWings’ commercial deployment and in the adoption of wind-assisted propulsion for merchant shipping. The successful ...
IMO Secretary-General Mr. Arsenio Dominguez issued the following statement following reports of the SEAMULL being hijacked on 20 August 2026: “Shipping challenges are on the rise with the recent increase of piracy incidents in the Gulf of Aden. With the most recent highjack, a sixth vessel is being held by pirates and armed robbers in ...
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fourth consecutive session on Tuesday, rising about 1.5% to a fresh high since August 12 at 2,926 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for a fourth ...
The LNG shipping market is witnessing the emergence of Mexico’s LNG export corridor, underlying the growing influence of the Pacific LNG trade. In its latest weekly report, shipbroker Intermodal said that “amid broader uncertainty in the LNG market, the outlook is being shaped by disruptions to Middle Eastern flows, an uncertain Qatari recovery, and Europe’s ...
Residual fuel cracks have firmed for four consecutive weeks as blenders compete for cutter stock across Mediterranean hubs.
One of ocean shipping’s critical chokepoints just got a little tighter. The Panama Canal Authority in an advisory to shipping reduced daily vessel transits beginning in September and postponed previously announced draft increases for Neopanamax vessels. The measures reflect a deteriorating outlook linked to below-average rainfall and the prospect of a severe 2026–2027 El Niño weather event. The early warning indicates that the water supply in Lake Gatun supplying the canal’s lock system is again becoming a direct constraint on the reliability, cost and routing of cargo moving through U.S. East
Rerouted refined product cargoes are absorbing tonnage faster than the orderbook can replace it.
QatarEnergy Offers 10 LNG Tankers for Lease Amid Production Halt, Soaring Shipping Rates, Sources Say EnergyNow.com
The Malta-based trading company reports higher blended fuel oil volumes moving through regional storage hubs.
Free two-day shipping rewired what customers expect from delivery, and it blew a hole in last-mile budgets that retailers are still scrambling to patch. FarEye, an AI-Powered Delivery Management System (DMS), recently launched an agentic AI dispatcher called PILOT to plan, execute, and monitor final-mile deliveries with minimal human oversight. Gaurav Srivastava, the company’s co-founder and chief product and technology officer, told FreightWaves two forces made the launch possible: relentless consumer demand for free, fast delivery, and the leap in AI capability that followed Large Language M
Singapore sells modestly more marine fuel in July, reflecting strength in shipping activity The Business Times
Is Strait of Hormuz Becoming World’s Most Expensive Shipping Route? اسلام تايمز
New LNG Carrier for CNOOC Group Named “GREENERGY RIVER” Cyprus Shipping News
Freight Market Report 04/08-2026 Presented By IC Shipbrokers Shipping Telegraph
Million-dollar award for first vessel to refuel with methanol at port of Long Beach Shipping Telegraph
Squeezed by shipping risks, Singapore sees oil inventories drop again Baird Maritime
S-Oil launches biofuel-blended marine fuel for shipping Aju Press
Forget the 600% Tanker Fund. This Shipping ETF Rode the Same Boom, Pays Dividends, and Won't Implode 24/7 Wall St.
Tanker Market Volatile in June Hellenic Shipping News
Russia Strikes Mykolaiv as Ukraine Continues Unrelenting Shipping Attacks The Maritime Executive
Performance Shipping receives charter extension for Aframax tanker Baird Maritime
Hormuz transits remain subdued; Asia-US container rates rise, tanker rates steady to softer Cyprus Shipping News
Performance Shipping extends tanker charter for two years Investing.com
Why the BWET Tanker Shipping ETF Is Surging Another 19% Today 24/7 Wall St.
Performance Shipping extends Aramco tanker charter for 35 months Investing.com
Performance Shipping Inc. Extends Aframax Tanker M/T Briolette Charter with Aramco Trading Fujairah FZE for 35 Months Quiver Quantitative
Crude tanker scrapping: The calm before the storm Hellenic Shipping News
Surge in Asia-US container rates continues, tanker rates fall as Strait of Hormuz transits rise Cyprus Shipping News
Heinrich Wegener Strengthens Sustainable Shipping with Global Ethanol Association Membership ChemAnalyst
The Impact of the Iran Conflict on BAF Hellenic Shipping News
Middle East fuel oil exports hit four-month high as Hormuz shipping gradually recovers The Times of India
IMO sets carbon footprint for Brazilian corn ethanol and opens shipping market for low carbon fuel Межа. Новини України.
Spot oil premiums slip after US-Iran deal, but shipping angst provides floor Reuters
Tanker Market Stays Elevated in May Hellenic Shipping News
Maersk and Vale test ethanol as marine fuel, shipping industry explores cleaner options Межа. Новини України.
Iran War Sends Global Container Shipping Rates Soaring Over 100% As Fuel Costs Surge Marine Insight
Iran war anxiety sends global container shipping rates soaring Reuters
Could Conventional Biofuels See a New Growth Path in Shipping? ResourceWise
RFA pushes for ethanol’s role in cleaner marine shipping Brownfield Ag News
Marine fuel choices and related life-cycle environmental impacts under global shipping policies Nature
Top News World Cyprus Shipping News
🚢 Oil is up 100% in 2026 but this tiny tanker ETF, called BWET, has surged a staggering 863% ⚓ BWET tracks crude oil shipping rates, which have exploded as the US-Iran war disrupts the Strait of Hormuz Hormaz Fatakia digs in deeper #BWET #TankerETF # LinkedIn
Going green gets harder for shipping WorldCargo News
Oil Demand Destruction Could Signal A Rise For Tanker And Dry Bulk Shipping Stocks Seeking Alpha
Middle East April bunker fuel demand shifts as Hormuz shipping risks unsettle trade flows Cyprus Shipping News
BOAT Investors: Watch These 2 Shipping Rates Before the Next Quarterly Payout 24/7 Wall St.
Shipping fuel crunch raises fears of higher prices worldwide Euronews.com
