Union Leader Climbs Shipyard Crane as Strike Pressure Builds at Hyundai
Labor pressure at HD Hyundai Heavy Industries escalated sharply on October 19 as the union representing workers at the Ulsan complex began…
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Maritime News
The latest shipping, industry and maritime market developments.
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The Hormuz Attack Count is likely Incomplete & Inaccurate as Most Hit Ships Aren’t Reporting Directly to UKMTO
The United Kingdom Maritime Trade Operations Centre says it is struggling to establish the true number of attacks on commercial shipping around…
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Hormuz Traffic Collapses: Weekend Crossings Fall to Crisis Lows at World’s Most Important Energy Chokepoint
Commercial traffic through the Strait of Hormuz remained at exceptionally low levels over the October 17-18 weekend as attacks on merchant shipping…
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Tanker Market Suddenly Turns Lower as Record VLCC Rates Start Falling
The first meaningful pullback has appeared in the extraordinary crude-tanker rally that pushed VLCC earnings above $1 million per day. Baltic Exchange…
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Iran Names 124 Ships It Could Detain or Seize in Hormuz
Iran’s Persian Gulf Strait Authority has expanded its so-called Non-Compliance List to 124 vessels, with Lloyd’s List identifying 43 additions since the…
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Drewry WCI Rebounds 3% to $4,485 as Asia-Europe Rates End 13-Week Slide
Drewry’s World Container Index rose 3% to $4,485 per 40-foot container on Thursday, October 15, reversing three consecutive weekly declines as Asia-Europe…
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Iran Is Slipping LPG and Jet Fuel Cargoes Through the U.S. Naval Blockade
Iran has succeeded in moving at least eight LPG tanker cargoes totaling about 4.1 million barrels out of the Gulf of Oman…
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HMM Bets $1.62 Billion on 12 More Containerships as Global Capacity Keeps Growing
HMM’s board approved KRW2.1678 trillion ($1.617 billion) of additional containership investment on October 15, covering eight newly ordered 13,000-TEU vessels plus four…
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Beyond Maersk: A.P. Moller Capital Is Quietly Building a Global Port Portfolio
A.P. Moller Capital agreed on October 15 to acquire 100% of Singapore-based Portek International from Mitsui through its Emerging Markets Infrastructure Fund…
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Marine Biofuel Sales Collapse 47% as Shipping Waits for IMO Rules
Marine biofuel demand has reversed sharply at the world’s largest bunkering hub. Singapore sold about 603,000 tonnes of marine biofuel from January…
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UK Ring-Fences Critical Submarine Supplier in £225M U.S. Takeover
The UK government has approved Fairbanks Morse Defense’s acquisition of Truflo Marine under the National Security and Investment Act, but only subject…
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Drone War Reaches NATO Waters: Four Merchant Ships Targeted Overnight
Four merchant ships were targeted in the western Black Sea during the October 14-15 overnight period, including vessels inside the territorial waters…
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Airbus Is About to Move Aircraft Parts Across the Atlantic With Six Giant Sails
Airbus’s next-generation transatlantic cargo ship has completed installation of six 35-meter-high Norsepower rotor sails in Shanghai and is preparing for sea trials…
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Seven Seafarers Missing After Two Tanker Fires Inside Romanian Waters Near Sulina
Two chemical tankers suffered fires overnight near the Romanian entrance to the Danube, placing a new maritime emergency directly inside the territorial…
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U.S. Proposes $200,000 Fees on Spanish Ships and Restrictions on $3.1B of Imports
The U.S. Federal Maritime Commission has formally proposed charging $200,000 each time a Spanish-flagged vessel enters a U.S. port from a foreign…
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UN Warns Hormuz Shipping Breakdown Could Trigger Food Crisis as Fertilizer Flows Remain Near Zero
A United Nations plan to create a protected fertilizer corridor through the Strait of Hormuz remains stalled as the next major planting…
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Suez Tightens Transit Gate on a 150M-GT Global Pool of Ageing Ships
The Suez Canal Authority has formalized a new pre-transit requirement for vessels aged 25 years or more, adding a technical gate in…
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Extortion Group Claims Data From 38 Maritime Companies as Researchers Probe Possible Shared-System Exposure
A newly emerged cyber extortion operation known as n0n listed 38 maritime, port and logistics organizations on its dark-web leak site on…
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U.S. Considers Letting Sanctioned Shadow-Fleet Tankers Carry “Legal Oil”
The Trump administration is considering allowing some previously sanctioned shadow-fleet tankers to carry crude oil and petroleum products that are themselves legal…
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China Wants Inside the Club That Insures 87% of World Shipping
China Shipowners Mutual Assurance Association, better known as China P&I Club, has formally applied for full membership in the International Group of…
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