Global ship recycler Global Marketing Systems (GMS) says a recent U.S. government license authorizing the recycling of four sanctioned vessels could provide a long-sought legal… Weiterlesen »GMS Sees U.S. Recycling License as Blueprint to Retire Shadow Fleet Vessels

The Panama Canal Authority (ACP) will further reduce the maximum authorized draft for vessels transiting its Neopanamax locks later this summer, tightening restrictions as forecasts… Weiterlesen »Panama Canal Deepens Draft Restrictions as El Niño Strengthens

Just a few weeks into the war, one of the Persian Gulf’s top oil producers quietly began sneaking its crude out of the Strait of… Weiterlesen »The Tanker Tycoon Making Millions on Hormuz Shuttle Runs

Lockheed Martin has agreed to acquire undersea warfare technology company Ultra Maritime from private equity firm Advent in a deal valued at $3.45 billion, expanding… Weiterlesen »Lockheed Martin to Acquire Ultra Maritime for $3.45 Billion in Undersea Defense Push

Every year, Allianz Commercial publishes its Safety and Shipping Review, and every year the shipping industry’s commentators reach for the same headline: the long-term decline… Weiterlesen »The Engine Room Problem And Why Machinery Failure Remains Shipping’s Dominant Risk

The International Maritime Organization (IMO) opened its 137th Council session in London on Monday with maritime security at the forefront, as Secretary-General Arsenio Dominguez highlighted continued instability… Weiterlesen »IMO Council Opens With Maritime Security, Hormuz, and Piracy High on Agenda

Maersk and Hapag-Lloyd are taking another cautious step toward restoring container shipping through the Suez Canal, announcing that their AE15 service will transition from the… Weiterlesen »Maersk and Hapag-Lloyd Expand Suez Canal Return With AE15 Service

The head of the International Maritime Organization (IMO) has called for urgent international action to secure the release of 44 seafarers being held captive by… Weiterlesen »IMO Chief Urges Immediate Release of 44 Seafarers Held by Somali Pirates

China’s military test-fired a missile from a nuclear-powered submarine into the Pacific on Monday, state media reported, drawing criticism and concerns from Japan, Australia and… Weiterlesen »China Test Fires Missile Into Pacific, Alarming Regional Powers

Indonesia and Singapore pledged anew to keep the Strait of Malacca open as Middle East tensions reignite concerns about the freedom of navigation in the… Weiterlesen »Indonesia, Singapore Reaffirm Free Passage in Strait of Malacca