The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only partially navigable and politically contested. From ship tracking data to freight rates, the signals are clear: owners and charterers are moving early to position vessels for a return to Gulf exports.But the gap between expectation and reality remains wide, leaving the global oil shipping system in a fragile middle ground between crisis and recovery…
Unique Group, global leaders in subsea technologies and engineering, has announced the appointment of Giovanni Corbetta as the new Chief Executive Officer (CEO), effective July 1, 2026.Giovanni brings more than three decades of leadership experience across the offshore energy…
Maritime Hub Abu Dhabi, a platform for collaboration across the emirate’s growing maritime sector, operated by Abu Dhabi Maritime and led by the Integrated Transport Centre (Abu Dhabi Mobility), an affiliate of the emirate’s Department of Municipalities and Transport…
Rio Brasil Terminal (RBT), International Container Terminal Services, Inc.’s (ICTSI) operation in the Port of Rio de Janeiro, Brazil, has taken delivery of two new quay cranes as part of its ongoing expansion and modernization program. The acquisition…
The maritime industry continues to improve its safety record, but the challenges confronting shipowners, operators, insurers and regulators have never been more complex.According to Allianz Commercial's Safety and Shipping Review 2026, global shipping losses remain near historic lows…
'Even if the Strait of Hormuz reopens, significant uncertainty will remain and continue to shape market outcomes,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Key uncertainties include whether the US/Iran agreement will hold, when the Strait of Hormuz (SoH) will fully reopen…
Oil tanker operators are reaping record profits after nearly doubling the hire cost of vessels going through the Strait of Hormuz and wider Gulf region this week on rising demand as traffic through the waterway slowly picks up, according to shipping data and sources…
Maritime engineering consultancy BMT and Australian shipbuilder Austal have signed a strategic agreement aimed at expanding ship design and engineering capacity while supporting the delivery of commercial and defense shipbuilding programs.The…
ALMACO Group Inc., a leader in engineering, procurement, and construction (EPC solutions) for the marine and offshore industries, has officially announced its expansion into League City, Texas. Operational from June, 2026, the new location, operating under the name ALMACO Gulf Coast…
NYK Bulkship (Asia), a Singapore-based company of the NYK Group, has concluded a time-charter contract with JERA for two very large gas carriers (VLGCs).The two VLGCs are expected to transport low‑carbon ammonia produced in Louisiana to JERA’s Hekinan Thermal Power Station in Japan…
The Zululand Energy Terminal (ZET) has signed a Heads of Agreement (HaA) with ExxonMobil South Africa LNG Ltd, an affiliate of the global energy major ExxonMobil, marking another milestone in the development of South Africa's first liquefied…
While bombs are falling in the Middle East, EU Member States continue to export live animals to the region, with the European Commission (EC) refusing to be held accountable, says the Eurogroup for Animals, the French animal welfare organization…
The Port of Brownsville welcomed business leaders, elected officials, industry partners and community stakeholders to its annual State of the Port Address on Thursday, June 11, at the Rancho Viejo Conference Center.During the event, the Brownsville…
DP World has launched its first global seagrass restoration initiative on Geoje Island in South Korea, supporting efforts to restore 2.4 hectares of coastal marine habitat over the next four years and enhancing marine biodiversity. The initiative…
The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on…
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