Container vessel Orderbook Hits Record High
"Despite increasing trade policy uncertainty and falling freight rates, the container ship order book has continued to expand. It now totals more than 1,350 ships with a combined capacity of 11.8m TEU,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.In 2025, global average container freight rates fell an estimated 13% year-on-year while US import tariff increases raised concerns about increasing trade protectionism.
Gard, NAVTOR Integrate Loss Prevention Insights into NavStation
Marine insurer Gard and maritime technology company NAVTOR have partnered to integrate Gard’s loss prevention content into NAVTOR’s NavStation platform, aiming to improve access to safety guidance for crews and operators at sea.The collaboration enables Gard Insights articles to be delivered directly through NavStation, a digital navigation and voyage planning platform used by thousands of vessels…
Equinor to Supply Bio-Methanol to Wallenius Wilhelmsen
Equinor has entered into a two-year bio-methanol supply agreement with Wallenius Wilhelmsen, a major global player in shipping and vehicle logistics, supporting a growing marine segment for low-carbon fuels.Soon bio-methanol from Equinor will fuel ships that are bringing cars and machinery from points of production to markets. Wallenius Wilhelmsen is a roll‑on/roll‑off (RoRo) shipping and vehicle logistics giant…
G7 Holds Off on Oil Reserve Release, Requests IEA Study
G7 energy ministers stopped short of agreeing on a release of strategic oil reserves on Tuesday and instead asked the International Energy Agency to assess the situation before acting.The IEA said it was convening an extraordinary meeting of its member states on Tuesday.Members would "assess the current security of supply and market conditions to inform a subsequent decision on whether to make emergency stocks of IEA countries available to the market…
Projectiles Strike Three Vessels in Strait of Hormuz
Three vessels have been hit by unknown projectiles in the Strait of Hormuz, maritime security agencies and sources said on Wednesday, as one of the strikes led to a fire onboard a ship and forced most of its crew to evacuate it.The Thailand-flagged bulk carrier Mayuree Naree was targeted and damaged approximately 11 nautical miles north of Oman, two maritime security sources said.The United Kingdom Maritime Trade Operations (UKMTO) said later…
Iran War Exposes Risks of Fossil Fuel Dependence
The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years - first with Russia’s invasion of Ukraine and now with the U.S.-Israeli war on Iran - undermining U.S. President Donald Trump’s flagship push to double down on fossil fuels.The dramatic supply disruptions and price spikes unleashed by the latest Middle East conflict are likely to harden the resolve…
Gulf of Mexico Auction Yields Far Fewer Bids Than First Trump Sale
The Trump administration's second sale of oil and gas leases in the Gulf of Mexico in three months attracted far less industry interest than the auction it held in December, according to a sale document posted on a government website on Tuesday.The sale comes as a U.S. war with Iran has disrupted global crude flows and sent oil prices to four-year highs.Of the 15,000 blocks offered by the U.S. Bureau of Ocean Energy Management, 25 received bids, according to the document of presale statistics.
