At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around
When tensions rise in the Middle East, it can be helpful to look at what is not happening as much as what is.In the crude oil market, this means focusing on the fact that so far not a single barrel of crude oil supply has been lost. It is in the interests of all involved parties that this remains the case.
Asia's crude oil imports are off to a weak start in 2025, as top importer China continues to buy less and new sanctions put the brakes on cargoes from the continent's top supplier Russia.Asia's imports for the first two months of the year are on track to be 26.17 million barrels per day (bpd), down 780,000 bpd from the 26.
The term gamechanger is often over used enough to be rendered meaningless, but the huge Simandou mine in the West African country of Guinea is going to be just that as its start up is set to rock the seaborne iron ore market.The first cargoes from the project may arrive by the end of this year and it's expected that it will ramp up to its full capacity of 120 million metric tons per annum fairly
The Scottish government is set to tender for a series of seven new electric ferries for the Clyde and Hebrides network.The first stage of the competitive tender process will assess if shipyards interested in bidding for the contract meet the financial and technical criteria to take on the project, Caledonian Maritime Assets Limited (CMAL), the government-owned entity that owns ferries, ports
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around
Caledonian Maritime Assets Limited (CMAL) said it intends to award a contract for seven new loch-class electric ferries to Poland's Remontowa Shipbuilding S.A in Gdansk, Poland.The Small Vessel Replacement Program (SVRP) will see seven fully electric vessels built in the first phase, with an additional three delivered in phase two of the project
Navalrocha Shipyard reported growth in key target markets, including LPG and Product Carriers, after recording one of its strongest ever half-year performances.With more than 30 projects delivered to date, Navalrocha is on course for another record-breaking year having completed projects with wide variety of commercial ships.
The first sea trials for ferry MV Isle of Islay have been carried out successfully by Cemre Marin Endustri in Yalova, Turkey.The trials took place from Thursday 22nd May to Friday 30th May, in the Sea of Marmara, with staff from the Scottish government owned Caledonian Maritime Assets Limited (CMAL) in attendance.
AAC Clyde Space started the INFLECION project, something the company touts as a transformative initiative made possible by a contract with the European Space Agency (ESA). This marks the beginning of a project that will transform maritime domain awareness (MDA) through satellite technology.
The UK Marine Accident Investigation Branch (MAIB) has released its report into the girting and capsize of tug Biter with the loss of two lives while assisting passenger vessel Hebridean Princess off Greenock, Scotland.At about 1527 on 24 February 2023, the twin screw conventional tug Biter girted and capsized while attached to the stern of the passenger vessel Hebridean Princess