With a growing focus on mitigating climate change and progressing toward the International Maritime Organization’s (IMO) 2050 net-zero target, the marine sector is under intense pressure to decarbonize. Today, maritime transport emits nearly one billion tons of CO2 annually, representing roughly 2-3% of all energy-related carbon emissions worldwide .
The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past 9:40 a.m. shiptracking data appeared to show the massive vessel in Russia, in fields better known for barley and sugar beets.By 4:15 p.m., the ship's erratic signals indicated it was in southern Iran near the town of Bidkhun
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.Geopolitical risk has spiked following Israel's surprise bombardment of the Islamic Republic last Friday and Iran's retaliatory ballistic missile strikes, leading to a rally in global energy prices
Frontline, the owner of Front Eagle oil tanker which was involved in a collision with Adalynn, a tanker owned by India-based Global Shipping Holding, has confirmed the collision was a navigational incident and not related to the current regional conflict between Israel and Iran.The incident occurred approximately 15 nautical off Fujairah in the Gulf of Oman, off the United Arab Emirates (UAE)
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported.With Iran and Israel firing missiles at each other since Friday, interference has disrupted navigation systems near the vital sea route between Iran and Oman which handles about a
The American Club has reported positive developments for the 2026 renewal across all lines of business. Gross tonnage for the Club’s Class I (mutual P&I) entries increased modestly at the turn of the renewal at Noon GMT 20 February 2026, while the tonnage position since the 2025 renewal has increased by 5% and over the same period, Class I premiums have grown by 6%.
C&C Marine and Repair has delivered the M/V Al Sloss to Canal Barge Company, completing the first vessel in a four-boat newbuild series currently under construction for the New Orleans-based operator.The 2,600-horsepower, 87- x 34-ft. towboat was designed by C&C Marine and Repair’s in-house engineering team and constructed on an accelerated schedule
Finland's national prosecutor's office said on Monday it had brought charges against the captain and first and second officers of the Eagle S oil tanker over the cutting of undersea cables in the Gulf of Finland in December.The Georgian and Indian nationals are suspected of aggravated criminal mischief and aggravated interference with communications by dragging the ship's anchor for around 90 km
Germany’s largest utility RWE and U.K.’s largest shipowner-operator North Star have signed long-term agreements for next-generation service operation vessels (SOVs) to maintain RWE’s growing offshore wind fleet.The companies have agreed that RWE will charter two SOVs, the Grampian Eagle and the Grampian Kestrel, from North Star, both capable of using alternative low-emission fuels.
ABS opened the doors on its latest training center, the Hellenic Ship Safety Center in Athens, harnessing the power of new immersive training techniques, game-based learning and virtual reality environments for the Greek shipping community.Greek shipping leaders joined ABS executives at the opening celebration for the new facility that features computer simulation stations
Yarden Gross, CEO and Co-founder of maritime technology company Orca AI, reflects on the recent tanker collision in the Strait of Hormuz, arguing that as GPS interference becomes more common, ships urgently need AI-based situational awareness to support crews and maintain safe navigation when traditional tools are compromised.
Danish logistics specialist deugro and its partners Siemens Gamesa Renewable Energy A/S and Amasus Offshore B.V. are moving full steam ahead with the next generation of purpose-built transport vessels for the offshore wind sector. In a key milestone for offshore project logistics, the Rotra Futura was delivered on March 30, 2025, and just four days later