Australia has launched its first sanctions against Russia’s shadow fleet, targeting 60 vessels involved in circumventing international sanctions imposed following Russia’s invasion of Ukraine. The… Weiterlesen »Australia Targets Russia’s Shadow Fleet with First-Ever Sanctions on 60 Vessels

The firm building what will become the largest port in India plans to raise as much as 300 billion rupees ($3.5 billion) of debt, giving… Weiterlesen »India’s Largest Port in the Making to Raise $3.5 Billion Debt

Maritime NZ has filed two charges against KiwiRail under the Health and Safety at Work Act 2015 following a comprehensive investigation into the June 2024… Weiterlesen »Maritime NZ Files Charges Against KiwiRail Following Cook Strait Ferry Grounding

Philippe Louis-Dreyfus, a towering figure in the maritime industry and former president of BIMCO, passed away on June 17 following a sudden illness. As the… Weiterlesen »Maritime Industry Icon Philippe Louis-Dreyfus Dies at 80

India is preparing to source crude oil from outside the Persian Gulf and cut its own refined-product exports should the Strait of Hormuz be blocked… Weiterlesen »India May Cut Oil Product Exports If Strait of Hormuz Is Blocked

South Korean shipbuilder Samsung Heavy Industries (SHI) has terminated a contract to build icebreaking LNG carriers in partnership with Russia’s Zvezda shipyard. The ships were… Weiterlesen »Samsung Cancels Order For Icebreaking Gas Carriers For Russia’s Sanctioned Arctic LNG 2 Project

The American Bureau of Shipping (ABS) has issued approval in principle (AIP) to HD Hyundai Heavy Industries (HHI) and HD Korea Shipbuilding & Offshore Engineering… Weiterlesen »ABS Approves Groundbreaking Floating Nuclear Power Module for Maritime Applications

Maritime security firm Ambrey reports that Israel-affiliated vessels face high risks in the Red Sea region as tensions escalate between Israel and Iran, with potential… Weiterlesen »Ambrey: Israeli Ships Told to Avoid Red Sea as U.S. Considers Intervention in Israel-Iran Conflict

The Joint Maritime Information Center (JMIC) has reported that regional threat levels remain SIGNIFICANT amid ongoing strikes between Iran and Israel, with maritime threat levels… Weiterlesen »Strait of Hormuz Shipping Holds Steady Despite Tanker Collision, Widespread Electronic Jamming

While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.