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728 Tankers Crowd Hormuz as Strait Tensions Flare
AXSMarine's live tracker logged 728 tankers around the Strait of Hormuz, and 123 of them are VLCCs sitting in the risk zone.
Intermodal: LNG Disruptions Lift Coal Demand
Coal cargo demand is climbing as Middle East tensions keep LNG flows unstable, and dry bulk shipping rates are following.
Baltic Dry Index Falls 2.9%, Capesize Down 5.1%
The Baltic Dry Index slid 2.9% to 2,671 on Monday, its weakest reading since July 2, dragged down by a 5.1% drop in capesize rates.
Marine Group Wins Catalina Express Ferry Build
Marine Group Boat Works has won the contract to build a low-emissions ferry for Catalina Express at its Chula Vista shipyard.
10 Killed in Missile Strike on Odesa Corn Ship
A Russian missile strike on a corn ship near Odesa killed 10 people, pushing Black Sea war risk premiums higher for grain shippers.
Russian Wheat Export Prices Jump on Black Sea Risk
Russian wheat export prices are climbing again as Black Sea shipping risk builds and July loading forecasts keep sliding lower.
Lone Star State Christened as 4th of 5 NSMVs
Texas A&M christened the Lone Star State, the fourth National Security Multi-Mission Vessel and a ready-made disaster sealift ship.
Amphitrite Hires War Underwriter for Marine Risk | CalculateCBM
Amphitrite's new war underwriter hire points to more marine war risk capacity for shippers routing through contested waters.
Wärtsilä and Carnival Sign 8-Year LNG Lifecycle Deal Covering Four Cruise Ships
Wärtsilä and Carnival's 8-year LNG lifecycle agreement covers four cruise ships, two still in the yard, with engine uptime priced upfront.
COSCO's PCT Wins Two Greek Economy Awards
COSCO's Piraeus Container Terminal took two national awards for sustainable growth, a signal for shippers weighing EU gateway ports.
Balenciaga Shipyard Restarts Under AD Ports Ownership
Balenciaga Shipyard is building ships again after AD Ports' SAFEEN Drydocks bought the Basque yard and laid the keel on vessel one.
Astral Resumes Nairobi-Guangzhou 767 Freighter Service
Astral Aviation's Nairobi-Guangzhou freighter service is back to weekly, giving China-Africa shippers a direct 767-300F maindeck option.
Incheon-Port Klang Volumes Fall 34%, India Next
Incheon port container volumes to Port Klang have fallen 34%, and Korean carriers are now shopping for new links in India.
France Scraps Regime 42: UK Shippers Turn to DAP
France's Regime 42 abolition has closed the DDP shortcut for UK exporters, and forwarders are rerouting onto DAP 42 terms instead.
Changshun Adds 4 Boxships, Guoyu Series Hits 10
Shanghai Changshun has firmed up four more 6,150 teu containerships at Yangzhou Guoyu, pushing its orderbook at the yard to 10.
Nanjing Tanker Orders 4 MR Tankers in $182.8m
China's Nanjing Tanker has cleared a $182.8m MR tanker order for four 50,000 dwt product and chemical carriers at Guangzhou Shipyard.
Iran Says Two Tankers Hit in Strait of Hormuz
Two tankers exploded in the Strait of Hormuz southern passage, and transit counts are sliding as war-risk costs climb again.
Bin Sulayem Takes Interim Control of MMC Ports
Bin Sulayem now runs MMC Ports on an interim basis after the group CEO's abrupt exit, putting Malaysia's biggest box terminals in play.
Cadeler Vessel Topples Crane at Port of Tyne
A gantry crane at the Port of Tyne came down onto a containership after a collision with Cadeler's Wind Orca, injuring one.
3 Missiles Hit Golden Leo in Black Sea Attack
Three Russian cruise missiles struck the Golden Leo this weekend, and Black Sea shipping risk is now repricing every cargo you book.