ADNOC L&S Drops $1.3 Billion on 11 Tankers in Major VLCC and VLGC Fleet Expansion
ADNOC Logistics & Services has agreed to acquire 11 large tankers for approximately $1.3 billion, rapidly increasing its owned capacity across both crude oil and LPG shipping. The package includes six VLCCs and five...
Ship Recycling Enters a New Capacity Race as Korea, Japan and India Push for Cleaner Dismantling
Ship recycling is starting to look less like an end-of-life backwater and more like a strategic industrial market. South Korea is now trying to build a larger presence in green ship recycling through a...
Container Rates Rebound as Transpacific GRIs Finally Stick
The latest WCI update is a useful reminder that the container market has not rolled into a simple downtrend. After three straight weeks of declines, spot rates moved back up as Transpacific pricing strengthened...
Cheniere Lifts 2026 Profit Outlook as LNG Cargoes Surge and Global Gas Competition Tightens
Cheniere Energy has raised its 2026 adjusted EBITDA forecast to between $7.9 billion and $8.4 billion after another strong quarter of LNG production and exports. The largest U.S. LNG exporter shipped 184 cargoes during...
North Carolina Ports Cyberattack Shows Port Delays Now Start at the Login Screen
A reported cyberattack slowed North Carolina Ports operations across Wilmington, Morehead City, and the Charlotte Inland Port, turning a systems outage into a practical cargo problem for truckers, shippers, carriers, terminal users, and inland...
Black Sea Shipping Attacks Hit Grain and Oil Flows as War-Risk Costs Surge
A rapid escalation of attacks on merchant ships, ports and export terminals is disrupting both sides of the Black Sea commodity trade just as Ukraine and Russia move through critical agricultural export periods. Ukraine...
U.S. Shipbuilding Fight Shifts Toward Allied Yards as Fleet Delays Grow
The U.S. shipbuilding debate has turned from a simple domestic-capacity problem into a national-security argument over allied industrial power. Navy leaders, budget officials, lawmakers, shipbuilders, unions, and defense suppliers are now fighting over where...
Iran and Oman Agree Hormuz Route Coordinates: A New Shipping Regime Is Taking Shape
Iran and Oman have moved closer to establishing a new traffic regime for the Strait of Hormuz after reaching an understanding on the geographic coordinates of a proposed shipping route through the waterway. The...
Indian Cargo Vessel Sinking Adds Fresh Red Sea Security Warning
The sinking of the Indian-flagged MSV Faize Noore Oliya off Yemen has added another live security concern to the Red Sea trade lane, even though the most important outcome was positive: all 14 crew...
Carnival Pride Gets Jotun HullSkater as Cruise Industry Tests Proactive Hull Cleaning
Carnival Cruise Line has put Jotun’s Hull Skating Solutions aboard Carnival Pride, making the Spirit-class ship the first vessel in Carnival’s fleet to use the system and, according to industry reporting, the first cruise-sector...
Dutch Ports Face Sept. 4 Shutdown as FNV Strike Threatens Rotterdam, Amsterdam and Zeeland Cargo Flows
Dutch port workers are preparing a coordinated national strike on Friday, September 4, 2026, with FNV Havens calling on members in Rotterdam, Amsterdam and Zeeland to stop handling ships between 11:15 a.m. and 7:00...
Hormuz Reopening Talk Runs Into Thin Tanker Traffic
The latest Hormuz picture is mixed. On the diplomatic side, the market has fresh reason to watch for a possible interim arrangement involving the United States, Iran, and Oman. On the water, the strait...
ONE Keeps Container Earnings in the Black as Transpacific Demand Absorbs a Cost Surge
Ocean Network Express stayed profitable through the first quarter of FY2026 even as the operating environment became materially more expensive. ONE reported $4.539 billion in revenue, $707 million of EBITDA, $76 million of EBIT...
South Korea Navy Opens Top Ship Command to First Female Officer
South Korea’s Navy has reached a new command milestone with the appointment of its first woman to lead a captain-rank naval ship, pushing female shipboard command beyond earlier fast-craft, mine-countermeasure, amphibious, patrol, and commander-rank...
Saudi Tanker U-Turns Put Bab el-Mandeb Back on the Freight Board
Six Saudi-flagged tankers changing course in the Gulf of Aden is not just a routing story. It is a signal that shipowners, charterers, insurers, and cargo buyers are treating the southern Red Sea risk...
Maritime Conflict Update: Hormuz Falls to Six Ships as Red Sea Risk Spreads and Naval Enforcement Intensifies
The maritime picture around the U.S.-Iran conflict deteriorated again Tuesday after a dry bulk vessel was struck by an unidentified projectile near the Strait of Hormuz off Oman, forcing the crew to abandon ship...
Shanghai Port’s 203,881 TEU Day Raises the Bar for Global Container Hubs
Shanghai Port has reportedly pushed its daily container record to 203,881 TEU, a number that would move the world’s busiest container gateway into a new operating tier for single-day throughput. The figure comes only...
Shadow-Fleet Spill Off Oman Raises New Alarm Over Aging Tankers
A sanctioned Suezmax tanker linked to Russia’s shadow-fleet trade is now at the center of a growing oil-spill concern off Oman’s Dhofar coast after satellite images showed crude leaking and spreading near Qibliyah Island....
Hormuz Weekend Update as Diplomacy Surges but Ship Traffic Stays Thin
The Strait of Hormuz entered the new week with a sharp change in political tone but only limited improvement in the physical shipping picture. Iran said it was working with Oman on a temporary...
EU Boards Sanctioned Toa Payoh as Mediterranean Shadow-Fleet Crackdown Accelerates
An Italian-led European Union naval force boarded the sanctioned oil and chemical tanker Toa Payoh in international waters west of Pantelleria on August 2, expanding the EU’s campaign to verify the nationality and registration...