The global containership industry is bracing for potential market upheaval as the orderbook has swelled to 11.61 million TEU, representing 34.8% of the current fleet—a… Weiterlesen »Container Shipping Faces Oversupply Threat as Record Newbuild Orders Reshape Industry
Venezuela’s state-run company PDVSA is dealing with stuck oil cargoes, rising price discounts and demands from customers to change terms of spot contracts following the… Weiterlesen »Over 11 Million Barrels of Venezuelan Oil Stuck at Sea After U.S. Tanker Seizure
Russia is loading its oil onto tankers at an unprecedented pace — but those shipments are stacking up at sea, weighing on prices and undermining Moscow’s ability to finance its war… Weiterlesen »Russia’s Oil Exports Surge, But Cargoes Are Piling Up at Sea
A powerful and rapidly intensifying storm system over the North Atlantic is generating hurricane-force winds and enormous seas, prompting urgent warnings from U.S. forecasters for… Weiterlesen »Extreme North Atlantic Storm Unleashes Hurricane-Force Winds and Massive 50-Foot Seas
Ocean Infinity has delivered the final vessel in its groundbreaking 14-ship Armada fleet, marking the completion of an ambitious transformation project that began in 2020… Weiterlesen »Ocean Infinity Completes Ambitious 14-Vessel Armada Fleet
The sinking of the Estonia ferry in 1994 was caused by the failure of its bow section, not an explosion or collision as claimed by some, authorities… Weiterlesen »Final Report: Bow Collapse—Not Explosion—Sank MV Estonia in 1994
Ukraine said on Monday it hit and disabled a Russian missile-carrying submarine docked at a Black Sea naval base using underwater sea drones for the first time,… Weiterlesen »Ukraine Says Underwater Drones Hit Submarine, but Moscow Denies Damage
Eastern Shipbuilding Group, Inc. (ESG) today announced the successful completion and redelivery of the HOS Rocinante, a first-of-its-kind U.S.-flagged Service Operation Vessel (SOV) converted for Hornbeck Offshore Services. The vessel… Weiterlesen »Eastern Shipbuilding Group Completes Conversion and Delivers First-of-Its-Kind Service Operation Vessel to Hornbeck Offshore Services
A hoard of Venezuelan crude on tankers at sea will provide a cushion for Chinese refiners — the biggest buyers — should the US escalate hostilities against… Weiterlesen »Venezuelan Oil Stored at Sea Shields China as US Pressure Rises
JLA Media Ltd has rebranded as JLA Communication and responded to growing demand to offer reputation management to maritime, offshore and logistics executives by adding JLA Reputation to its… Weiterlesen »JLA Communication offers prestige services for maritime, offshore and logistics