World.
Trafigura secures USD4.4 billion syndicated revolving credit facility and term loan facilities
Trafigura Group , a market leader in the global commodities industry, announced the closing of its new syndicated Revolving Credit Facility and Term Loan Facilities at approximately USD4.4 billion. The Facilities were substantially oversubscribed and upsized from their initial launch amount of USD3.5 billion-equivalent, with 40 financial institutions participating in the transaction. The new…
Six months of uncertainty for seafarers in the Strait of Hormuz
IMO Secretary-General urges practical solutions and renewed cooperation to restore freedom of navigation Thousands of seafarers have been stuck in the Persian Gulf since the current conflict in…
Höegh Autoliners orders six additional Aurora class vessels
Höegh Autoliners ASA is pleased to announce that it has decided to order additional six new dual-fuel LNG and zero-carbon-ready Aurora class vessels for delivery in 2029–2031. This decision will…
Japan’s push to stage shipbuilding comeback may have Korea checking its stern
Korean shipbuilders may sofon face a second competitor in the LNG carrier market they lead. A major Japanese shipbuilder is considering a large new dock capable of building liquefied natural gas…
Meet the nominees for the Danish Shipping DEI Award 2026
This year’s theme for the DEI Award is “Small changes, big impact”. The three nominees have now been announced. On Thursday 13 August, the champagne corks will pop, and the suspense will be…
IMO completes first global audit cycle of its Member States
IMO has completed the first audit cycle under the IMO Member State Audit Scheme (IMSAS), with 168 Member States audited on how effectively they implement IMO regulations, since the Scheme became…
OneLearn Global and Singapore Shipping Association sign Memorandum of Understanding to develop AI-driven Transformational Learning Hub
OneLearn Global (OLG) has signed a Memorandum of Understanding (MoU) with the Singapore Shipping Association (SSA) to develop an AI-powered Transformational Learning Hub (T-Learning Hub) for SSA’s…
Venezuela steps in as the Hormuz crisis re-routes VLCC trade out of the Gulf
Throughout the first half of 2026, the crisis in the Strait of Hormuz has profoundly altered the global landscape of VLCC crude shipping. Evaluating quarterly liftings by primary loading countries…
Reliability You Can See: Why Ocean Freight Decisions Fail Without Performance Intelligence
Most ocean freight decisions still look robust at the moment they are made. Procurement teams benchmark rates, compare carrier offers, and award contracts based on a mix of price and service…
IMO Secretary-General speaks at All Aboard Alliance high-level meeting in London
“Seafarers want to feel acknowledged. They want to feel recognised. Still, the seafarers don't have the same benefits as those working on shore. I urge you to listen to the seafarers.” This was the…
ICOMIA Celebrates 60 Years of Global Marine Industry Leadership with Launch of Historical Timeline.
As part of its 60th anniversary celebrations, the International Council of Marine Industry Associations (ICOMIA) is proud to announce the launch of the ICOMIA 60 Years History Timeline: 1966–2026 - a…
Tanker Market: Uncertainty and Rate Softening
MR The TC17 35kt MEG/East Africa index held flat this week around the WS725-730 level continuing to generate $89,500/day on Baltic description round trip TCE. On the UK-Continent, MR freight levels…
Expanding the UK Emissions Trading Scheme to International Maritime Emissions
The United Kingdom Emissions Trading Scheme (UK ETS) came into effect in 2021 to limit greenhouse gas (GHG) emissions from key sectors in support of the UK’s 2050 net-zero target. The scheme caps…
Maritime Safety Committee (MSC 111): Key outcomes on autonomous ships, GHG safety and situation in the Strait of Hormuz
The International Maritime Organization's Maritime Safety Committee met for its 111th session from 13 to 22 May 2026 in London, United Kingdom. The meeting was chaired by Mr. Theofilos Mozas of…
MOL PLUS makes additional investment in innovative space carrier
Bolstering Collaboration for the Commencement of Offshore Rocket Launch and Recovery Operation MOL PLUS announced that it has made an additional investment in Innovative Space Carrier , which…
The Bahamas regains QUALSHIP 21 eligibility following strong US Port State Control Performance
The Bahamas has regained eligibility for the United States Coast Guard’s QUALSHIP 21 programme for the 2026–27 period, reflecting the strong Port State Control performance of Bahamas-flagged ships…
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