Shippers on Wednesday said they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the Strait of Hormuz, as Iran said the waterway remained closed to vessels sailing without a permit.The six‑week conflict had brought traffic through the strait - a chokepoint for about 20% of global oil and liquefied natural gas (LNG) shipments - close to a standstill
Long-distance ferry routes form a key part of Japan’s national transport infrastructure, connecting the archipelago’s four major islands and littoral centers of population, commerce and industry.RoRo passenger (RoPax) ferry fleet renewal and development has been a constant process over the past two decades in particular
Newbuilds expand AET’s dual-fuel fleet to all of its sectors: Aframaxes, Shuttle Tankers, Suezmaxes and Very Large Crude Carriers (VLCCs)AET signed shipbuilding agreements with Samsung Heavy Industries (SHI) for the construction of two LNG dual-fuel Suezmax tankers.The vessels will further expand AET’s growing dual-fuel fleet operating worldwide.
The Arctic is no longer a remote expanse beyond the edges of global commerce — it is now a contested arena where strategic competition, energy development, and maritime innovation converge. As climate change accelerates sea ice retreat, previously impassable waters are opening to navigation for longer periods each year.
The Iran war and the closure of the Strait of Hormuz have shattered a status quo that prevailed among Middle East oil and gas producers for decades. Even if the current, shaky ceasefire holds, the uneasy “new normal” has likely set the stage for yet another round of conflict.Tehran has now demonstrated both its ability and willingness to seal off the critical waterway and strike vital
The path toward funding the U.S. Army Corp of Engineers (USACE) – and the critical inland infrastructure maintenance and construction of locks and dams that it does – is neither straight nor clear. Jen Armstrong, VP, Government Relations, Waterways Council, visited recently with Maritime Reporter TV to discuss in detail the historical context of how USACE funding has evolved in the past 50 years.
Everllence is readying to introduce its new Engine Supported Air Lubrication (ESAL) solution aimed at improving net fuel savings from air lubrication systems.The new system uses pressurized scavenge air from the main engine. In contrast, conventional systems rely on electrically driven compressors to pressurize ambient air which is then distributed through dedicated piping and released from
French President Emmanuel Macron will travel to Greece next week to renew a security pact between the two countries against the backdrop of the war in Iran, a Greek government official said on Sunday.France and Greece, long-standing NATO allies, signed a security and defense agreement in 2021
An oil tanker loaded with Iraqi crude passed through the Strait of Hormuz close to the Iranian coast, a day after Iran said Iraq was exempt from any restrictions to transit the vital sea route, data from LSEG and Kpler showed.The Ocean Thunder loaded about 1 million barrels of Basrah Heavy crude on March 2 and is expected to discharge its cargo in Malaysia's Pengerang, in mid-April
Shipping companies Maersk, Hapag-Lloyd and CMA CGM are rerouting vessels around Africa, away from the Suez Canal and the Bab el-Mandeb Strait, after U.S. and Israeli strikes on Iran and the closure of the Strait of Hormuz."Due to the deteriorating security situation in the Middle East region following the escalating military conflict, we have decided...
Russia's Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missile and drone attack, two industry sources said and LSEG data showed.Novorossiysk and a neighbouring Caspian Pipeline Consortium terminal temporarily suspended oil exports - equivalent to 2.2 million barrels per day, or 2% of global supply - on Friday.
Five people were killed and another severely wounded when a boat carrying migrants hit a Turkish coast guard vessel off northwest Turkey on Sunday, a local governor's office said, adding a search operation was underway for a missing person.In a statement, the governor's office said a high-speed boat carrying 34 migrants and one migrant trafficker hit the coast guard vessel off Ayvalik district's