Sanctioned LR1 tanker heads for scrap at Alang
A 2004-built, Jamaica-flagged LR1 tanker tied to high-risk trading patterns has been reported sold for recycling, according to market sources. The 72,700 dwt un...
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10,557 articlesUS seizes another VLCC fleeing from Venezuela
US forces boarded and seized the Panamanian‑flagged VLCC Veronica III in the Indian Ocean after tracking the tanker from the Caribbean, the Pentagon said ...
Trump’s Maritime Action Plan revives threat of port fees
The Trump administration’s long‑awaited Maritime Action Plan (MAP) has resurrected a controversial proposal to charge foreign‑built ships a per...
Suezmax allides at Ust‑Luga
A 16‑year‑old suezmax, Tony, allided with a berth wall and struck a port crane while manoeuvring to load crude oil at Russia’s Ust‑Luga seap...
Aker Solutions lands five-year maintenance deal with Aker BP
Norway’s Aker Solutions has been awarded a five-year contract by Aker BP for maintenance, modification, and operation services.The contract covers all of Aker...
MISC joint venture bags FPSO extension from Petrovietnam
Malaysia’s MISC has announced that its joint venture company has secured a contract extension for the FPSO Ruby II in Vietnam.The contract covers the lease, o...
New Indian shipowner emerges
An Indian logistics company has become a shipowner. Ashapura Shipping Group, Kandla has bought a 14-year-old handysize bulk carrier from Wilmar. The ship, forme...
Bangas join the board at Pacific Basin
The father and son heads of the Caravel Group – Harry and Angad Banga – have joined the board at dry bulk major Pacific Basin having built up a stak...
Intermodal spot rates haven’t kept pace with trucking’s spot market surge — but that’s about to change in 2026
The freight market has been sending mixed signals for months, but one trend stands out clearly as we move deeper into 2026: trucking spot rates have staged a me...
Hapag-Lloyd closes in on Zim takeover
Germany’s Hapag-Lloyd has confirmed it is in advanced negotiations to acquire all shares in Israeli rival Zim Integrated Shipping Services in a deal reported ...
Safe Bulkers banks $35m from capsize sale
New York-listed Greek owner Safe Bulkers has sold a 14-year-old capesize as it presses ahead with its fleet renewal programme.The company said it has agreed to ...
Explainer: Legal Warfare on the spotlight as Hutchison targets Maersk
Corporate confrontation over disputed terminals creates operational uncertainty at chokepoint handling 5% of global maritime trade.The post Explainer: Legal War...