How the Gulf Crisis Reshaped Maritime Risk Assessment
When private insurers withdrew from the Persian Gulf within 72 hours of US and Israeli strikes on Iran, they did more than just re-evaluate risk; they effective...
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10,822 articlesMSC Implements War Surcharges Amidst Middle East Security Concerns
MSC Mediterranean Shipping Company has announced the introduction of new surcharges on several key trade routes. This decision comes as the escalating security ...
Oil Spills, 20,000 Stranded Seafarers, and a Widening Conflict
The maritime war in the Middle East has entered a perilous new phase over the last 24 hours, with the conflict’s geographic footprint expanding significantly ...
Sanctioned Russian LNG Tanker 'Arctic Metagaz' Sinks in Mediterranean After Explosions
The sanctioned Russian LNG tanker, Arctic Metagaz, has sunk in the central Mediterranean following explosions and a subsequent fire. Libyan port authorities and...
Evergreen Halts Bookings for Multiple Middle East Ports Amid Security Concerns
Evergreen Marine Corporation has temporarily stopped accepting new bookings for several key Middle East ports due to the ongoing and evolving security situation...
Shipping's Fortunes in the Year of the Fire Horse
What will the shipping markets look like in the coming 12 months? Maritime CEO's annual outlook for the Year of the Fire Horse – published today – consults ...
KMTC Line Orders Six 1,900 TEU Ships from HD Hyundai Heavy Industries
South Korean regional shipping company Korea Marine Transport Company (KMTC Line) has announced an order for six 1,900 twenty-foot equivalent unit (TEU) ships f...
EU Unveils New Maritime and Ports Strategies to Boost Competitiveness and Sustainability
The European Commission yesterday adopted a new EU Industrial Maritime Strategy and a Ports Strategy. These initiatives are designed to enhance competitiveness,...
Japan-New Zealand Hydrogen Corridor Launched
A new Japan-New Zealand Hydrogen Corridor consortium, formed by Mitsui OSK Lines, construction firm Obayashi, Kawasaki Heavy Industries, and energy company Chiy...
NYK and JMU Ink Tanker Build with First-of-its-Kind Actual-Sea Performance Guarantee to Cut Fuel Use
Shipping major Nippon Yusen Kaisha (NYK) and Japan Marine United (JMU) have signed a contract for a next-generation crude oil tanker due for delivery this month...
CNC Launches BY8 Service for Faster Southeast Asia Connections
CNC has launched BY8, a new feeder service designed to offer smarter and more efficient connections across Southeast Asia. This service connects Singapore, Mala...
Force Majeure, Zero Recourse: The Bill of Lading Clause Every Carrier Has – and Every Shipper Ignored
The term "force majeure" has been frequently appearing in carrier customer advisories since the Strait of Hormuz crisis began late last week. CMA CGM, for examp...