At a ceremony at Damen Shipyards Galati in Romania, the tenth Island Class ferry has been launched. Damen is constructing the vessels for BC Ferries.… Weiterlesen »Damen launches tenth Island Class ferry for BC Ferries

The U.S. Navy hospital ship USNS Mercy has arrived in Portland, Oregon, on Thursday according to the latest Automatic Identification System (AIS) data, effectively confirming the vessel’s long-anticipated… Weiterlesen »Trump’s Greenland Hospital Ship Arrives in Portland as Humanitarian Mission Narrative Fades

Surging oil prices in physical markets – the trading place for oil on ships, rail cars or in storage tanks – have outpaced the already… Weiterlesen »Tanker Markets Break Loose as Physical Barrels Vanish from Global Trade

The International Maritime Organization is moving to establish a safe-passage framework for commercial shipping in the Strait of Hormuz, as thousands of vessels—and tens of thousands of seafarers—remain… Weiterlesen »UN Shipping Body Pushes ‘Safe Maritime Corridor’ Plan to Evacuate Ships Trapped West of Hormuz

The International Maritime Organization (IMO) has issued a forceful condemnation of attacks on commercial shipping in the Middle East, warning that the situation in the… Weiterlesen »‘Inaction Is Not an Option’: UN Shipping Body Condemns Hormuz Attacks as Crisis Deepens

The World Trade Organization is warning that global trade growth will slow sharply in 2026—and could weaken further if elevated energy prices tied to the… Weiterlesen »WTO Warns Middle East Conflict Could Cut Global Trade Growth as Energy, Shipping Risks Mount

U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum moved swiftly to quash speculation that Washington could restrict energy exports, issuing coordinated statements reaffirming… Weiterlesen »Trump Administration Shuts Down Export Ban Rumors as Trump Moves to Cool Oil Prices

The Drewry World Container Index (WCI) rose 2% this week to $2,172 per 40-foot container, marking a third consecutive weekly increase as strength on Transpacific… Weiterlesen »Container Spot Rates Edge Higher: Transpacific Leads Gains, Hormuz Crisis Pushes Costs Higher

Iranian attacks have knocked out 17% of Qatar’s liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to… Weiterlesen »Iran Attack Wipes Out 17% of Qatar’s LNG Capacity for up to Five Years

The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent… Weiterlesen »U.S. May Remove Sanctions on Iranian Oil Stranded at Sea