BIMCO: Rebuilding Oil Stocks May Support Post-War Tanker Demand
"The Strait of Hormuz has been effectively closed for three months, trapping hundreds of ships and thousands of seafarers in the Persian Gulf while significantly reducing global seaborne tanker volumes,” says Niels Rasmusssen, Chief Shipping Analyst at BIMCO.As it is unknown when ships can safely return to the strait, we present two outlook scenarios. One, “SoH open”, assumes that the strait is fully reopened before the end of the second quarter while the other…
Multraship Launches Simulator, Training Center With Wärtsilä Technology
Novatug, the innovation and R&D department of Multraship Towage & Salvage, has launched a brand new advanced simulator and training center using technology from Wärtsilä to promote safer operations and strengthen the preparedness and effectiveness of its crew for complex towage, vessel handling and specialist maritime operations.The new simulator suite, which is based at the group’s headquarters in Terneuzen in the Netherlands…
The Choking Point: How Strait of Hormuz Disruptions Impact Global Maritime Logistics, Law and Policy
Since the Iranian Revolution and overthrow of Shah Mohammad Reza Pahlavi in 1979, the Strait of Hormuz has been a geographic constant as a choke point for which closure has been threatened from time to time but never truly closed. The longstanding assumption of the continued openness of the strait collapsed on February 28, 2026. In the weeks since Iran effectively shut the strait to commercial shipping in response to U.S. and Israeli military strikes and the U.S.
Lloyd’s Register Announces Nigerian Future Navigators Schools Program Pilot
Lloyd’s Register (LR) is launching its Future Navigators Schools Programme pilot in Lagos, Nigeria, aimed at inspiring young people to explore maritime and STEM (Science, Technology, Engineering and Mathematics) careers through in-person interactive workshops and a bespoke mobile game. The pilot program engaged students more than 270 young people, aged 14–16 across three schools in Lagos, combining in-person learning with digital tools designed to make maritime and STEM subjects more accessible…
ABS Grants Approval in Principle for Seatrium NEXTGEN Energy Hub
Seatrium has received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its NEXTGEN Energy Hub offshore concept.The NEXTGEN Energy Hub is designed to integrate ammonia storage and bunkering, power generation and marine electric vessel charging within a single offshore platform.Seatrium said the concept is intended to support the maritime energy transition by combining infrastructure for cleaner marine fuels…
Inchcape Shipping Services Sets Up Shop in Brunei
Inchcape Shipping Services has opened a new office in Brunei Darussalam, expanding its presence in Southeast Asia and targeting offshore, naval and logistics operations in the country.The company said the Brunei office will initially focus on offshore services, oil and gas tanker operations, navy-related activities and integrated logistics support services.Inchcape said it has also been appointed as…
Oil Shoots Up After Iran and US Exchange Air Strikes
Oil prices jumped more than 2% on Thursday after Iran's Revolutionary Guards said they targeted a U.S. airbase in response to a U.S. attack in the port city of Bandar Abbas.Brent crude futures LCOc1 rose $2.34, or 2.48%, to $96.63 a barrel by 0701 GMT, while the more active August contract LCOc2 gained $2.24 or 2.43%, to $94.49. The July contract is set to expire on Friday.U.S. West Texas Intermediate futures CLc1 were up $2.26…
Three Oil and LNG Tankers Exit Hormuz with Trackers Switched Off
Two supertankers and one liquefied natural gas (LNG) tanker exited the Strait of Hormuz earlier this week with their transponders switched off, and are heading for India and China, shipping data from LSEG and Kpler showed.The vessels joined a number of tankers leaving the Gulf this month, although oil and LNG traffic overall has still been limited.The Very Large Crude Carrier (VLCC) Eagle Veracruz…
US Carries Out New Strikes on Iran
The U.S. military carried out new strikes overnight in Iran targeting a military site that officials believed posed a threat to U.S. forces and commercial maritime traffic in the Strait of Hormuz, a U.S. official told Reuters on Wednesday.The official, who spoke on condition of anonymity, said the U.S. military has also intercepted and shot down multiple Iranian drones that posed a similar threat.The U.S.
First Ethanol Bunkering in Rotterdam Port
Last weekend, the container ship Eco Levant, operated by X-Press Feeders, was bunkered with ethanol in the port of Rotterdam. It is one of the first times worldwide, and the first time in Rotterdam, that a bunker vessel supplied ethanol to a sea-going vessel.The vessel has been operating on a blend of ethanol and methanol since the bunkering. The fuel blend consisted of 90% ISCC EU-certified biomethanol…
Davie and Kraken Team Up on Autonomous Vessels
Québec-based Davie and UK-based Kraken Technology Group have announced a strategic collaboration to establish Canadian production, integration and development of Kraken’s autonomous solutions.Davie will provide Canadian capacity and capability to produce, integrate and develop Kraken’s uncrewed surface vessels and autonomous maritime systems.The announcement comes as Western governments increasingly…
Oil From US Emergency Reserve Heads to California
A cargo of oil from the U.S. Strategic Petroleum Reserve headed to California this month for the first time ever, ship tracking service Kpler said.The unusual movement highlights the redrawing of trade flows and shipping routes as the Iran war has cut off supplies of Middle Eastern crude. California, once a top oil-producing state in the U.S., has in recent years become more dependent on crude imports, including about 230,000 barrels per day last year from the Middle East.
GMS Gets US Approval to Scrap Ships Hit with Sanctions
Dubai-based GMS has won U.S. government approval to scrap four container ships that were under Iran-related sanctions, potentially paving the way for Washington to reduce the shadow fleet of such vessels, the leading ship recycler's CEO said.Hundreds of ships with no known insurance or compliance with environmental safety standards have not only helped Iran and Russia circumvent sanctions, but also…
Marlink, Metis Partner to Expand IoT Capabilities
Marlink, a global leader in managed services for business-critical digital solutions, has signed an MoU with Metis, a specialist in maritime data collection and advanced analytics, to establish a strategic partnership and expand IoT capabilities for shipowners and fleet operators.The agreement establishes Marlink as a strategic integration partner for Metis’ vessel performance and operational data solutions…
Jake Minmer Announced as VP of Operations at Gulf of America
Gulf of America Logistics (GoAL), the 100% Louisiana-owned capital projects specialist, has announced the appointment of Jake Minner as Vice President of Operations - Specialized Transport and Trucking, and the opening of a new Baton Rouge office, bringing its statewide network to four locations.Minner brings 17 years of heavy-haul experience from a major industrial carrier, with expertise in Louisiana's energy and petrochemical corridor.
Strait of Hormuz May Open Within a Month if Framework Deal Holds
Tehran would restore shipping through the Strait of Hormuz to pre-war levels within a month in a framework deal with the U.S. to also include withdrawing U.S. forces from Iran's vicinity, Iranian state television reported on Wednesday.The report said the U.S. would end a naval blockade of Iranian shipping, citing a memorandum of understanding being negotiated between the two sides to end the war which…
Trump Domestic Shipping Waiver Fails to Drastically Reduce Gas Prices
President Donald Trump’s waivers allowing foreign-flagged ships to move oil and fuel between U.S. ports have had little impact on high domestic gasoline prices due to elevated shipping rates and the relatively small fuel volumes transported so far, a Reuters analysis found.In March, Trump issued a waiver to the Jones Act, a century-old law that requires shippers to use vessels built, owned and crewed by Americans to transport commodities between U.S.
Kai Schulte-Schrepping Appointed as Head of Liability Global Risk at HDI Global
Effective July 1, Kai Schulte-Schrepping has been appointed as the new Head of Liability Global Risk at Corporate & Specialty Insurer HDI Global. Schulte-Schrepping succeeds Daniel Maurer, who has decided to gradually step out of his current leadership role as part of his transition towards retirement.With more than a decade at HDI Global, Kai Schulte-Schrepping brings technical underwriting expertise and strong leadership experience in the area of complex global Liability risks.
Reflecting on Sherwin-Williams Protective & Marine's History with the Department of Defense
Sherwin-Williams Protective & Marine partners with the U.S. Department of Defense (DoD) by supplying high-performance, MIL-Spec-approved coatings for a variety of platforms such as aircraft carriers, submarines, armored vehicles and aircraft. Through decades of collaboration with Naval Sea Systems Command (NAVSEA), public and private naval shipyards and contractors, Sherwin-Williams provides corrosion-resistant technologies…
Weathernews Launches SeaNavigator Mobile
Weathernews Inc. has launched SeaNavigator Mobile, a dedicated mobile application for iOS and Android designed to transform how shore-based operations teams monitor vessels, manage communications and confirm voyage plans.SeaNavigator Mobile is the first version of the SeaNavigator platform built specifically for shore users. The application provides real-time vessel position monitoring, AIS-based behavioral…
