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Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world's sees much oil or cargo leave or enter the Gulf, two top sector executives said on Wednesday."Two weeks ago when the ceasefire, said to be temporary, came into picture, we thought there was hope. But in reality, the agreement was not translated into the safety and passage (of the vessels)," Jotaro Tamura, chief executive of Japan's Mitsui O.S.K. Lines, told Reuters…

Partners representing both labor and management have launched the USA Shipbuilding Coalition to urge Congress to take action to revitalize the critical American shipbuilding industry, including by passing the bipartisan SHIPS for America Act.This labor-management partnership will work to advance concrete actions to spur investment in and revitalization of America’s shipbuilding capacity, enhance the strength and utilization of domestic supply chains and ensure that the US can build, repair, maintain and man the vessels needed to restore U.S.

On March 28, the transport of components for ORLEN's petrochemical investment project was completed. Two columns were delivered to the site of Poland's largest muti-energy group, a 554-ton concentration tower and a smaller, 286-ton C4 column. The preparation of the logistics plan and its execution was handled by the DSV - Global Transport and Logistics team. At the beginning of March 2026, two gigantic columns arrived from China at the port of Gdansk, serving as key components of ORLEN's petrochemical investment project.

The Iranian-flagged container ship Touska, which was boarded and seized by U.S. forces on Sunday, is likely to have what Washington deems dual-use items that could be used by the military onboard, maritime security sources said on Monday.The small container ship, which is part of the Islamic Republic of Iran Shipping Lines (IRISL) group that has been hit with U.S. sanctions, was boarded on Sunday off the coast of Iran's Chabahar port in the Gulf of Oman and last reported its position at 1308 GMT, according to ship-tracking data on the Marine Traffic platform.The U.S.

The IMO’s Legal Committee has approved a new set of guidelines to improve transparency and due diligence in ship registration, as well as prevent fraudulent registrations and misuse of flags. The guidelines help to close a key regulatory gap for the maritime industry, given there is currently no binding international framework to regulate the registration of ships. The newly approved Guidelines will assist new and existing flag State ship registries by providing practical measures to strengthen verification and due diligence…

ZIM Integrated Shipping Services Ltd. announced that Mr. Eli Glickman, the President and Chief Executive Officer of the Company, informed the Board of Directors of his decision to depart from the Company. Mr.Glickman will continue to serve as Chief Executive Officer of the Company during a six-month notice period, to ensure orderly operations of the Company during the interim period until his replacement assumes the role.The Board of Directors intends to initiate a search process to select a successor to Mr. Glickman in the coming weeks.Mr.

Sofar Ocean, a leading ocean intelligence platform, launched Spotter Scout, a rugged, solar-powered uncrewed surface vehicle (USV) built by Online Oceans, a UK-based marine robotics company, that enables persistent ocean sensing in remote and deep water locations—no moorings, crew, or depth limits.Remote ocean monitoring is typically expensive and complex. Traditional mooring systems are hard to deploy, maintain, and relocate, and often cost more than the sensors they support. This makes them difficult to justify for shorter-term deployments.Spotter Scout removes these constraints.

Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova  from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion.Vineyard Wind, a joint venture between Spain's Iberdrola IBE.MC and Denmark's Copenhagen Infrastructure Partners, filed a lawsuit this week in a state court in Boston accusing the GE Vernova subsidiary of wrongly trying to terminate their contract at the wind…

Oil prices surged on Monday as the U.S. moved to impose a blockade on Iranian shipping after the collapse of weekend peace talks, while the dollar rose and stocks and bonds fell.The U.S. move, aimed at putting pressure on Tehran, leaves a fragile ceasefire hanging in the balance and no end in sight to the choke on Middle East energy exports - though the mood on trading floors leaned toward hoping for a resolution.Brent crude futures LCOc1 were up 7% at $102 a barrel - a gain of more than 40% since the war shut navigation of the Strait of Hormuz.

Damen Shipyards Antalya hosted a kick-off meeting attended by delegations from the UN’s International Organization for Migration (IOM), the Turkish Coast Guard (TURCG) Command, Presidency of Migration Management (PMM), the European Union Delegation, the Netherlands Embassy in Türkiye, and Damen Shipyards Group. The meeting marks the recent contract signing between Damen and the IOM for the delivery of thirteen Search and Rescue (SAR) 1906 vessels to be operated by the Turkish Coast Guard…

Many claim to have ‘saltwater in their veins,’ but all you have to do is walk into the corner office of John McDonald, the new Chairman and CEO of the American Bureau of Shipping (ABS), to see that him saying “I was born into maritime” is not hyperbole. The first thing that greets you is a Dusan Kadlec nighttime painting of the Brooklyn Bridge, a painting that has special meaning to him as he fondly remembers being on a boat in New York harbor in 1983, his father USCG Captain of the Port of New York at that time, watching the fireworks over the bridge for the celebration.

The Port of Los Angeles said it has secured about $70 million in federal funding for harbor maintenance and infrastructure upgrades, marking its largest allocation to date.The funding, provided by the U.S. Army Corps of Engineers from the Harbor Maintenance Trust Fund, will support projects including dredging, seismic upgrades and navigational safety improvements.The San Pedro Bay port complex, which includes Los Angeles and Long Beach, received a combined $131.8 million allocation.The trust fund is financed through a cargo tax paid by U.S.

Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $3, or 3.18%, to $97.41 a barrel.Both benchmarks fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020…

Subsea Cable Assets (SCA) has secured its first framework contract with 50Hertz to deliver cable storage and handling systems for power grid projects in Germany.The contract, awarded through a European tender process, covers the engineering, manufacturing, delivery, installation and commissioning of four cable carousel systems, including associated loading equipment.SCA said the systems are designed to support both offshore and onshore grid infrastructure, ensuring reliable transmission…

For much of its modern history, shipping has relied on experience, instinct and relationships as much as data. Decisions were – and in many cases still are – informed by spreadsheets, phone calls, intuition and experience built over decades. Today, that foundation is being reshaped by digital tools designed to bring clarity, visibility and confidence to some of the industry’s most complex challenges.Few companies sit more squarely at the intersection of shipping expertise and digital innovation than Klaveness Digital, part of the Torvald Klaveness Group.

Hong Kong-based conglomerate CK Hutchison's Panama unit has launched an arbitration against Maersk after the takeover of two strategic ports near the Panama Canal which are at the center of a legal battle that has embroiled Beijing and Washington.In a statement, Panama Ports Company (PPC) said Maersk broke a long-term contract by siding with the Panamanian government to help remove PPC from its operations at the Balboa port and replace it with a Maersk-affiliated operator."Contrary to the contract…

Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to undermine rule of law in the Latin American country, U.S. Secretary of State Marco Rubio said on Thursday.The U.S. Federal Maritime Commission said last week that it was closely monitoring a surge in detentions of Panama-flagged vessels in China that appears tied to a Panama court ruling against Hong Kong-based port operator CK Hutchison."China's recent…

The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Australia, which last year slipped to the third-largest exporter of the super-chilled fuel behind the United States and Qatar.But the effective closure of the Strait of Hormuz has shut off Qatar's LNG exports, meaning that it will likely lose second place back to Australia this year…

More than two dozen ships sanctioned for being part of Russia's so-called shadow fleet have passed through UK waters since Prime Minister Keir Starmer last week authorised the military to detain vessels used by Moscow to export oil.The figures based on ship tracking data analysed by Reuters show that oil tankers sanctioned by Britain are continuing to travel along England's southern coast in the same numbers as before the announcement.British officials said almost a week ago that…

Chevron said on Tuesday that downstream assets at its Wheatstone liquefied natural gas plant in Western Australia suffered extensive cyclone damage, leaving both production trains offline.Danny Woodall, Chevron's director of operations and maintenance for Australia, said the two LNG processing trains at the 8.9 million-ton-a-year facility remained shut after Tropical Cyclone Narelle struck the region last week."We have a number of fin fans or air-cooled heat exchangers that sustained some damage," he told the Australian Domestic Gas Outlook conference in Sydney."We've got a dedicated team righ

Russia's threat to halt liquefied natural gas (LNG) deliveries to Europe and divert cargoes to Asia would prove difficult to achieve because of its long-term contracts and need for more Arctic-class tankers, industry analysts said.President Vladimir Putin said in a TV interview early in March that Russia could stop gas supplies to Europe with immediate effect and seek longer-term commitments from other buyers.The impact of the U.S.-Israeli war on Iran has caused a surge in gas prices…

Crosby Enterprises, LLC (the “Company”) announced that the Company filed chapter 11 cases for several of its subsidiary/affiliate units, Crosby Tugs, L.L.C., Crosby Dredging, L.L.C. and Crosby Marine Transportation, L.L.C., in the U.S. Bankruptcy Court for the Eastern District of Louisiana on March 23, 2026. The focus of the filings is to restructure the Company’s secured debt to improve the Company’s financial position, all while maintaining the Company’s position as a regional…

Asia Pacific Maritime (APM) 2026 kicked off today to a record-breaking turnout, with its largest-ever edition occupying 6 exhibition halls across 2 levels at the Sands Expo & Convention Centre, Marina Bay Sands Singapore. Bringing together 819 exhibitors, including 20 international pavilions, the 19th edition sets the stage for three days of industry dialogue, innovation & tech breakthroughs in maritime collaboration, under the theme “Future of Vessels, Solutions for Tomorrow”.Navigating…