World.
BIMCO Shipping Number of the Week
LR2 demand grows despite 28% fall in clean product volume “During the first nine months of 2026, clean product volumes loaded on LR2 tankers fell 28% year-on-year followingdisruptions in the Strait of Hormuz. Despite the lower volumes, tonne-mile demand increased 2% year-on-year,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. LR2 product tankers loaded on average 2.1 million barrels per…
BIFA National Conference 2026 puts the future of freight forwarding in focus
The British International Freight Association (BIFA) brought the freight forwarding community together for its National Conference 2026 Two days of discussion focused on the major forces reshaping…
Electronic evidence is transforming maritime casualty investigations, says The Nautical Institute
New edition of Guidelines for Collecting Maritime Evidence Volume 2 addresses electronic records, AI, digital reconstruction and the changing responsibilities of maritime professionals The Nautical…
Xeneta freight rates set to climb in early October
“For the high-flying spot rates from Far East to US East and West Coasts, we may just begin to see the end of that rising trend as we get into the first half of October. When comparing today’s spot…
Marine insurance supply remains stable as geopolitical and technical changes reshape the market, says IUMI President
The global marine insurance market remains in a stable position, with premium growth strongly supported by a weak USD in hull and cargo. Meanwhile the sector is entering a period of significant…
Maritime Industry commits S$1.5 million in scholarships to 61 students from diverse disciplines
The MaritimeONE Scholarship Award Ceremony 2026 celebrates the newly awarded scholarship recipients and affirms the industry's support in building a talent pipeline with the Singapore Maritime…
Marine insurance supply remains stable as geopolitical and technical changes reshape the market, says IUMI President
The global marine insurance market remains in a stable position, with premium growth strongly supported by a weak USD in hull and cargo. Meanwhile the sector is entering a period of significant…
The Swedish Club marks 25 years of Marine Insurance Course
More than 1,000 maritime professionals have participated in MIC as course continues to evolve alongside changing marine risks The Swedish Club has marked the 25th anniversary of its Marine Insurance…
RSGT and CMA CGM announce USD 434 Million initial investment to develop Terminal 4 and Add Up To 2.6 Million TEUs of Capacity at Jeddah Islamic Port
Strategic Partnership Expands Port Capacity and Reinforces Saudi Arabia’s Role as a Global Trade and Logistics Hub Red Sea Gateway Terminal (RSGT), Saudi Arabia's leading terminal operator,…
Four shipowners co-order vessels in record-breaking VINGA series: “The right time to invest”
Four shipping companies from Sweden, Norway, and Canada see a bright future in the European intermediate tanker market and are ordering four new VINGA ships — taking the series, developed by…
Grain exports stall as Ukraine steps up attacks on Russia
When Russian President Vladimir Putin spoke in 2014 about Russia’s motives for annexing the Ukrainian peninsula of Crimea, and thus violating international law, he justified it by saying: “We could…
Houthi threats force Saudi to reroute oil, extend Asia transit and costs
Saudi Arabia, the world’s largest oil exporter, is readjusting its crude shipping routes. As Yemen’s Houthi rebels have recently threatened even the Red Sea lanes, it is increasing detours that use…
Hormuz disruption to keep oil prices firm; $100/bbl risk looms: Analysts
Crude oil prices are likely to remain elevated in the near term as disruptions to flows through the Strait of Hormuz have triggered a sharp drawdown in global inventories, even as the outlook beyond…
GCMD outlines practical approach to quantity assurance in marine biofuel supply chains
As marine biofuel use scales, quantity assurance must account for both the delivered volume and its renewable fraction. GCMD proposes a practical approach to distinguish normal measurement variation…
Maryam Shipmanagement rebrands to MSM and moves to new Dubai headquarters
Maryam Shipmanagement adopts MSM as its new corporate identity and relocates its Dubai headquarters to new premises in Jumeirah Lakes Towers. The change reflects that already widely used by the…
“K” LINE signs agreements for construction of three VLCCs with NIHON SHIPYARD
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) hereby announces that it has signed agreements with NIHON SHIPYARD CO., LTD. (NIHON SHIPYARD) regarding the construction of three very large crude carriers…
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