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Shanghai Shipping Exchange launches seven new container freight benchmarks with index-linked contract frameworkMove expands pricing transparency on major tr…
Bahri turns to homegrown yard for $451m VLCC trio
Saudi shipping giant Bahri has ordered three very large crude carriers at International Maritime Industries (IMI), committing SAR1.692bn ($4…
Heavy Lift-Ship Loses Engine Power & Drifts Uncontrollably In 4.5-Metre-High Waves In North Sea Storm
A cargo ship lost control 29 km north of the Dutch Island of Schiermonnikoog in the North Sea during a powerful storm, wounding five of its …
Panagiotidis moves another LPG carrier in $18m fleet reshuffle
Greek shipowner Petros Panagiotidis is continuing to rearrange his LPG fleet across Nasdaq-listed companies, with AI OKTO agreeing to sell t…
LNG Shipping Market Recovering
LNG The LNG market showed some signs of recovery this week, with increased fixing activity absorbing some of the available tonnage across bo…
USTR proposes extending port fee suspension on China-linked ships to January
The US Trade Representative proposed extending the suspension of port fees on Chinese-linked ships for an additional two months, delaying hi…
From Dark Voyages to Defensible Claims: How Marine Insurers Are Closing the Evidence Gap
Claims teams in marine insurance own two things: the loss investigation and the pay-or-reject decision. In the pre-2022 environment, both we…
Bahri and IMI Sign SAR 1.692 Billion Contract for Three Newbuild VLCCs
Bahri, a global leader in transportation and logistics, and International Maritime Industries (IMI), the largest integrated maritime facilit…
HD Hyundai, Kiewit join forces to build advanced U.S. shipyard by 2029
HD Hyundai is joining forces with U.S. construction giant Kiewit to build a state-of-the-art shipyard in the United States by 2029. The join…