Shipping Telegraph

The Strait of Hormuz, the waterway crucial for global trade that Iran has effectively closed since the beginning of the U.S.-Iran conflict, is “declared completely open” for the “remaining period …

The Aberdeen-headquartered Stena Drilling, part Swedish conglomerate Stena AB, has been awarded a new exploratory drilling campaign by Energean Hellas Ltd for the mobile offshore drilling unit (MODU) Stena DrillMAX. …

The Aberdeen headquartered Stena Drilling, part Swedish conglomerate Stena AB, has been awarded a new exploratory drilling campaign by Energean Hellas Ltd for the Mobile Offshore Drilling Unit (MODU) Stena …

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates this week returned to the decreasing tendency. As it is mentioned, their composite World Container Index decreased …

Greek tanker owner Performance Shipping, led-by chairperson of its board Aliki Paliou, has entered into time charter agreements with Repsol Trading S.A. for its two 158,000-dwt suezmax tanker newbuildings under …

Greece’s Euroseas boxship owner, listed on Nasdaq stock market, led by Aristides Pittas has secured a charter contract extension for its 3,100 teu feeder containership EM Kea (built in 2007) …

Israeli container liner company ZIM Integrated Shipping Services (ZIM) has announced the departure of the company’s chief executive officer. Eli Glickman has informed ZIM board of directors of his decision …

Hong Kong’s Wah Kwong Maritime Transport Holdings Limited has established a dedicated dry bulk owning and operating company. The new entity, Wah Kwong Bulk, will be a dedicated dry bulk …

Bulker owner and operator Pacific Basin has converted its 2024 acquisition of four dual-fuel ultramax newbuildings to an acquisition of four conventional ultramax newbuildings with an option to acquire two …

The US has called on the IMO to “end consideration” of the IMO Net-Zero Framework proposal and, instead, devote its attention to considering “alternative proposals.” Member States are also urged …

The US air force general Dan Caine, chairman of the joint chiefs of staff, threatened to pursue any Iranian-flagged vessel or any vessel attempting to provide material support to Iran, …

IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications. The …

Abu Dhabi’s ports, logistics, and trade group AD Ports Group has signed a framework agreement with the National Company Maritime Ports Administration SA, the administrator of the Port of Constanța …

New York-listed crude oil tanker company DHT Holdings Inc. has provided a business update on April 15, revealing estimated time charter equivalent (TCE) earnings of $78,800 per day for the …

New York-listed handysize liquefied gas carrier owner Navigator Holdings signed on Tuesday a non-binding letter of intent with Bernhard Schulte (Singapore) Holdings and Sloman Neptun Schiffahrts-Aktiengesellschaft for the sale by …

Hamburg-based shipowner Ernst Russ AG has agreed to acquire four 18,500 dwt intermediate-class chemical/product tankers as it continues to advance the strategic development of its fleet. All four vessel newbuildings …

Angelicoussis’ Maran Gas Maritime newbuild LNG carriers were delivered to Poland’s Orlen under long-term charters. Greek Maran Gas Maritime is expanding its fleet with two more South Korean newbuildings. The …

A new project was launched by All-Aboard Alliance to develop a global framework for companies to better identify, prevent, and respond to unwanted sexual behaviour aboard vessels. There is strong …

Nasdaq-listed Capital Clean Energy Carriers Corp. (CCEC), controlled by Greek owner Evangelos Marinakis, has agreed to sell the 2023-built 174,000 cbm LNG/C Amore Mio I to a subsidiary of a …

White House press secretary Karoline Leavitt didn’t give a timeline for how long the U.S. blockade of Iranian ports would remain in place. White House press briefing took place yesterday, …

IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications. The …

Sweden-based Wallenius Lines has entered into an agreement to acquire SOL Group’s shares in Wallenius SOL, thereby becoming the sole owner of the company. The transaction does not entail any …

A more defined transit framework is emerging in the Strait of Hormuz requiring vessels to submit full details prior to clearance, undergo cargo verification, and pay $1 per barrel fee …

Greek tanker owner Performance Shipping, led-by chairperson of its board Aliki Paliou, through a separate wholly-owned subsidiary, has signed a memorandum of agreement to sell its oldest vessel, the 105,304-dwt …

The Carib Group enters the semi-refrigerated handy gas carrier segment as a shipowner after the recent acquisition of a liquefied petroleum gas LPG/chemical tanker. This acquisition marks a strategic move …

A seafarers training support scheme has contributed more than £500m to the UK economy. A funding programme managed by the UK Maritime and Coastguard Agency (MCA) to support men and …

Marseille-based CMA CGM Group and the shareholders of Lebanon-headquartered distribution business Fattal Group have entered into an agreement for the acquisition of 100% of Fattal Group by the CMA CGM …

The United States’ naval blockade around Iranian ports, which began on Monday, now has more than 10,000 American personnel and multiple warships and aircraft deployed for the operation, according to …

In a groundbreaking move, MSC Mediterranean Shipping Company has become the first container carrier to operate 1,000 ships as it extended its lead at the top of the carrier rankings …

A Russian drone struck a civilian merchant vessel flying the Liberian flag that was heading along the sea corridor to load corn, the ministry for communities and territories development of …

The Norway-based shipowner and offshore tonnage provider Solstad Offshore ASA (SOFF) has entered into an agreement for a two-year extension of the current contract with Petrobras for the CSV Normand …

The Norway-based shipowner and offshore tonnage provider Solstad Offshore ASA (SOFF) announce that it has entered into an agreement for a two-year extension of the current contract with Petrobras for …

Danish Shipping, the trade and employers’ organisation for Denmark’s shipping industry, has elected for the first time in the organisations’ history a woman to lead the board. Maersk executive Caroline …

Fuel availability has not been eliminated, but it has become increasingly uneven, more expensive, and operationally constrained, particularly for VLSFO, blending components, and marine gasoil. This is according to marine …

Machinery failure and fires are the main drivers of the recent increase in claim costs. Nordic marine insurers have reported an extraordinary increase in claims above $10m and increase in …

Two tankers were detained over the weekend by Malaysian authorities for an attempt to transfer illegally about 700,000 litres of diesel fuel off the island of Penang. The Malaysian Maritime …

Geneva-headquartered MSC Mediterranean Shipping Company, the world’s largest shipping group, has revealed that its ownership was transferred from founder Gianluigi Aponte to his son and daughter. The company said the …

A Panama-flagged vessel which the Swedish coast guard boarded on Sunday morning suspecting it of an environmental offence has been allowed to leave Sweden after the master of the vessel …

German shipping giant Hapag-Lloyd’s vessels will not resume transiting the Strait of Hormuz for now as the situation remains tense. From Hapag-Lloyd’s view, as long as there are mines, passage …

The U.S. Central Command will begin a blockade of all maritime traffic entering and exiting Iranian ports on April 13 at 10 a.m. ET. The blockade will be enforced impartially …

The Japanese shipping conglomerate Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and its wholly owned subsidiary Kawasaki Kinkai Kisen Kaisha (Kawasaki Kinkai Kisen) announced that “K” LINE on March 31 acquired …

The Australian Maritime Safety Authority (AMSA) is warning maritime employers that failure to meet minimum standards for seafarers’ living and working conditions may result in serious consequences. Employers are required …

Photo credit: Zoll. Customs authorities in Germany reported the seizure of 1.6 tons of cocaine worth approximately €30m discovered in a shipment of bananas. With the support of the Hamburg …

An oil spill in the Deurganck dock caused significant disruption in the port of Antwerp last week, one of the biggest ports in the world. The oil spill occurred during …

Australian prime minister Anthony Albanese and his Singaporean counterpart Lawrence Wong have agreed to cooperate closely on energy security. This comes amid disruptions in global supply chains and energy markets …

A fire that broke out on board a London-registered container vessel at PSA Pasir Panjang Terminal on Friday (Apr 10) has been extinguished. The Maritime and Port Authority of Singapore …

Britain said it had exposed a covert Russian submarine operation in and around UK waters, forcing the vessels to retreat back to Russia. Disclosing details of the joint mission with …

IC Shipbrokers herewith welcomes you to today’s freight market report. We are giving you an insight in today’s freight market and an update with the latest freight market indications. The …

EU on Thursday rejected Iran’s push to impose tolls on ships transiting the Strait of Hormuz as this would risk undermining international maritime law. A full reopening of the vital …

In accordance with the assessment of Drewry Supply Chain Advisors, the container rates this week returned to the increasing tendency. As it is mentioned, their composite World Container Index increased …