Hormuz Strait Blockade: 3,200 Ships Stranded Amidst Escalating Tensions
Very Large Crude Carrier (VLCC) freight rates surged to unprecedented theoretical levels on Monday, as the conflict between Iran and the US-Israel coalition sig...
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10,689 articlesCMA CGM Halts Dangerous Goods Bookings for Middle East and Red Sea Regions
Global shipping giant CMA CGM has announced an immediate and indefinite suspension of all bookings for Dangerous Goods (DG) and hazardous cargo. This restrictio...
Maersk Issues Emergency Middle East Operational Update
Maersk is implementing immediate service suspensions across the Middle East in response to the rapidly evolving regional situation. These measures are designed ...
Zurich Acquires Rival Insurer Beazley for £8.1 Billion
Swiss insurance giant Zurich has successfully acquired its British competitor Beazley for £8.1 billion ($10.8 billion), following an earlier rejected bid of £...
Naftomar Linked to Suezmax Deal as Rates Soar Past $300,000 in Persian Gulf
A Suezmax charter deal struck last week appears to have been a timely move, given the rapidly evolving geopolitical situation. Two years prior, VLKR Ship Manage...
When Freight Fraud Becomes a Service
Wolfgang Lehmacher informs readers about a hacking group named Diesel Vortex. A little-known cyber group, dubbed Diesel Vortex, demonstrates how freight fraud i...
Union Maritime Expands Fleet with First Newcastlemax Newbuilds
Diversified UK owner Union Maritime has reportedly placed its first order for Newcastlemax bulk carriers. Brokers indicate a preliminary agreement in China for ...
Chokepoints Under Strain
The Strait of Hormuz and Bab el-Mandeb have become active flashpoints in the escalating Middle East conflict, disrupting global energy supplies and trade routes...
Asso.subsea Orders Second Newbuild Trenching Support Vessel at China Merchants
Greek offshore contractor Asso.subsea has exercised an option at China Merchants Heavy Industry’s Shenzhen yard for the construction of a second next-generati...
Performance Shipping Orders Pair of Suezmax Tankers in China
Nasdaq-listed Greek tanker owner Performance Shipping has inked contracts in China for two suezmax vessels, marking an expansion of its footprint in the crude o...
Florida's Fields Are Hurting – What That Means for Reefer Freight Right Now
Florida didn’t just get cold this winter. It got cold in a way that most growers working those fields hadn’t seen in over a decade, and the damage to the st...
XPO's Tonnage Turns Positive in February
Less-than-truckload (LTL) carrier XPO's tonnage officially returned to positive territory in February for the first time since June 2024. The Monday update from...