Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran conflict intensifies with Tehran attacking ships passing through the Strait of Hormuz.Shipping through the Strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas
SHIPPINGInsight confirmed that Captain Stephen Carmel, U.S. Maritime Administrator, will deliver the opening keynote address at SHIPPINGInsight’s PROJECT 2027: Catalyzing the U.S. Maritime Industry into Action, powered by AMIC (American Maritime Industrial Coalition), to be held October 13, 2026, in Houston, Texas. His remarks, entitled “State of Play for U.S.
The fourth of five National Security Multi-Mission Vessels (NSMVs), Lone Star State, was christened on July 17 at Hanwha Philly Shipyard in Philadelphia, marking another milestone in the U.S. Maritime Administration's next-generation training ship program.Built by Hanwha Philly Shipyard under the Vessel Construction Manager (VCM) model managed by TOTE Services
Britain said on Wednesday it will continue to allow imports of diesel and jet fuel refined from Russian crude in third countries, deferring a ban first announced in October, to help the country cope with supply issues caused by the Iran war.The decision was criticised by lawmakers in Britain and Ukraine who accused the government of easing pressure on Russia and backtracking on promises to stop
Global orders to build liquefied natural gas carriers (LNGC) are set to rebound this year after a 2025 slump as growing LNG output and vessel fuel efficiency drive demand, industry executives and analysts say.The rise in orders is offsetting concerns that supply disruptions from the U.S.-Iran war may reduce near-term shipping demand and pressure freight rates.
GlobalMET, the international association of maritime education and training providers, has announced the appointment of Jillian Carson-Jackson as its new Managing Director.Carson-Jackson brings more than four decades of experience across maritime operations, regulation, policy and international standards.