India has expanded its support for Russian insurers to ensure the continuous flow of discounted Russian seaborne crude. This move comes in response to the US imposing fresh sanctions earlier this month, highlighting the critical role of marine insurance in the maritime industry. (more…)
The crude oil tanker sector witnessed a significant slowdown in 2024, with new deliveries reaching a 36-year low. This trend has substantial implications for fleet growth (more…)
Winter storm Enzo recently disrupted operations at several Texas ports, including Freeport, Houston, and Galveston. As the storm moved out, these critical maritime hubs began to resume vessel operations, highlighting the resilience and importance of the maritime industry.
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured ABS approval in principle (AIP) for an advanced tank design facilitating large-scale hydrogen transport and storage. This development is crucial for the maritime industry’s role in the energy (more…)
The release of the 25 crew members of the car carrier Galaxy Leader, after 430 days in Houthi captivity, marks a significant development in the maritime security landscape of the Red Sea. This incident highlights the ongoing risks and challenges faced by the maritime industry in this volatile region.
The U.S. Coast Guard has announced an immediate surge of assets along America’s maritime borders following executive orders issued by the White House. This move is crucial for the maritime industry as it addresses border security matters amidst leadership changes at the service’s highest level.
The UK Ministry of Defence recently confirmed that the Royal Navy frigate HMS Somerset intercepted and monitored the Russian spy ship Yantar as it passed through the English Channel. This event highlights the critical importance of maritime security and the protection of undersea infrastructure. (more…)
The Panama Canal, a crucial route for global shipping, has recently become a topic of contention between the United States and (more…)
The maritime industry is witnessing a significant shift as oil tankers originally used for hauling oil from Russia’s western ports are being redeployed to the nation’s east. This change is a direct response to the sweeping US sanctions that have crippled a key crude route to China. This blog explores the impact of these sanctions on freight rates, the rerouting of tankers, and the opportunities it presents for (more…)
Sumitomo Electric Industries and Van Oord have signed a Capacity Reservation Agreement (CRA) with SSEN Transmission for the Shetland 2 project. This initiative is crucial for the maritime industry as it involves the supply and installation of a second 525kV HVDC cable link between Shetland and the Scottish mainland. (more…)