Bangladesh Coast Guard Seizes Vessels for Illegal Fuel Transfer
The Bangladesh Coast Guard has intercepted and seized a chemical tanker and a Bangladeshi vessel for conducting an unauthorized fuel transfer.
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U.S. Expands Sanctions Targeting Iranian Oil Shipments
Trump acts on pledge to increase pressure on Iran by imposing sanctions on those accused of facilitating the transport of Iranian oil to China.
Olympic Orders Two Energy-Efficient Offshore Vessels
Norwegian offshore operator Olympic expands fleet with offshore construction vessels, set to be built at China Merchants Heavy Industry shipyard
Maersk Reports Strong 2024, Red Sea Uncertainty Looms
In 2024, Maersk, Denmark’s largest shipping company, marked its third-best financial year in its entire 121-year history.
Hapag-Lloyd Secures Green Financing for 24 New Vessels
Germany’s Hapag-Lloyd has finalized funding arrangements for its 24-vessel newbuilding program, which was approved last year.
Captain of Silver Breeze Faces Charges After Grounding
The captain of Ro-Ro/passenger vessel Silver Breeze is facing prosecution following the ship’s grounding in the West Harbor of Tomakomai, Japan.
CMA CGM Acquires Four Ice-Class Container Ships for $120M
CMA CGM has finalized the acquisition of four ice-class wide beam container ships, originally built between 2016 and 2017, from Delphis.
Call for Increased Pilot Use in Gibraltar After Collision
A recent accident report has recommended greater use of pilots in Gibraltar’s waters following a significant maritime incident.
Ocean Network Express and LX Pantos Form Joint Venture
Japanese shipping company Ocean Network Express (ONE) has partnered with Korean logistics firm LX Pantos to launch Boxlinks in the United States.
Ocean Freight Rates Expected to Drop Further in February
Ocean container freight rates are set to decline further in February, influenced by the Middle East ceasefire and Lunar New Year slowdown.
Norway Releases Silver Dania After Baltic Cable Investigation
Norwegian authorities announced the release of the Silver Dania, which had been held under suspicion of damaging an undersea telecoms cable.
LNG Carrier Rates Plummet to Record Lows in the Atlantic
The difficult start to the year for LNG carriers reaches new lows, with some ship types now experiencing negative earnings in the Atlantic basin.
Greek Shipping Firm Eurobulk Fined for Pollution Violations
Greek company Eurobulk Ltd. has admitted to violating the Act to Prevent Pollution from Ships and falsifying records to cover up the infractions.
Russian Oil Transfers Surge After New U.S. Sanctions
Ship-to-ship transfers of Russian-linked oil have surged this month following the largest U.S. sanctions package targeting Russia’s shadow fleet.
First Modern VLCC Sale of the Year Nears Completion
The first modern VLCC sale of 2025 is in progress, with brokers reporting the eight-year-old, 300,000 dwt Leicester has been sold for $87 million