World

As a growing number of so-called “black swan” events continue to disrupt global trade flows, companies are increasingly moving away...

As geopolitical flashpoints continue to multiply across global trade routes, shipmanagers are increasingly relying on centralised intelligence operations to cope with a more fragmented...

Oman’s Asyad Shipping is reinforcing its expansion strategy in the dry bulk sector with a new acquisition aimed at increasing...

New York-listed shipping giant Navios Maritime Partners has officially confirmed its return to the VLCC newbuilding market, unveiling a large-scale tanker programme that could eventually grow to eight vessels.  The company, led by Angeliki Frangou, announced that it has agreed to acquire four scrubber-fitted VLCC newbuildings from an unrelated third party in a deal valued at approximately $482m. Deliveries are scheduled for the second half of 2028.  Importantly, all four vessels have already secured employment before delivery....

Russian security services say a potentially serious maritime security incident was narrowly avoided after divers discovered magnetic explosive devices attached...

Morgan Stanley believes the global shipping industry could be entering a prolonged period of vessel undersupply as Asia’s energy security...

G2 Ocean is moving forward with a major fleet renewal programme after confirming the addition of six new open hatch...

Reach Subsea has secured a long-term contract in the Black Sea after converting a previously announced letter of intent into a firm agreement covering inspection, maintenance and repair (IMR) as well as light construction services in the region.  The Oslo-listed subsea services company said the deal is initially set for two years, with an option to extend it by an additional year. It also establishes a strategic partnership with an undisclosed regional offshore...

Malaysia’s state-owned energy company Petronas has confirmed the deaths of three contractor workers following a serious lifeboat accident aboard one...

With thousands of shipping professionals heading to Greece for Posidonia, one of the world’s most important maritime gatherings, Athens-based shipbroker...