VLGCs Reroute to US Amid Hormuz LPG Crisis: Supply Chains Disrupted
VLGCs reroute to US Gulf as Hormuz disruptions hit LPG supply. Voyage times up 20-30%, Asian petchem in crisis due to force majeure.
Strait of Hormuz Traffic Drops 90% in Week Due to Attacks and Electronic Jamming
Strait of Hormuz traffic fell 90% in a week, with only 10 vessels transiting due to attacks and GPS/AIS interference affecting over 1,650 ships, forcing diversions via Cape of Good Hope.
Fred. Olsen Express uses 700k daily data points for 90 maritime sustainability projects
Fred. Olsen Express processes 700k daily data points for 90+ sustainability projects, using LiDAR and AI to cut emissions and protect marine life in the Canary Islands.
Oniks Missile Fired 300km from Russian Nuclear Sub in NATO Arctic Drill
Russian Oniks missile fired 300km from nuclear submarine Kazan during NATO Arctic exercise, with restricted zones from 11-13 March disrupting Barents Sea shipping routes.
HJ Shipbuilding Secures €260M Order for Two 11,000 TEU Eco-Container Ships
HJ Shipbuilding secures a €260M contract for two 11,000 TEU eco-container ships, reviving Busan’s Yeongdo shipyard after 90 years and creating 500 jobs in South Korea.
Iran Enforces Naval Coordination for Strait of Hormuz Transit Post-28 Feb
Iran mandates naval coordination for Strait of Hormuz transit, impacting 30% of global seaborne oil. Insurance and freight costs are expected to rise due to new operational requirements.
GNV deploys 1986-built Golden Carrier ferry after Sealand fire to sustain Balearic routes
GNV charters 1986-built Golden Carrier ferry after Sealand fire, maintaining Balearic routes with 363 passenger capacity and 1,770 linear metres for vehicles.
Bunker Fuel Prices Soar 30% as Hormuz Strait Closure Sparks Crisis
Bunker fuel prices surge 30% to record highs as Strait of Hormuz closure disrupts supply. Scrubber spread exceeds $100 profitability threshold, impacting global shipping costs.
Vantage Corp Seeks Capital at ROTH 2026 to Boost Tanker Shipbroking
Vantage Corp (VNTG) to pitch investors at ROTH 2026 for tanker shipbroking capital. Dates: 22-24 March 2026 in California, targeting volatile market growth.
‘Sailor’s First’ Leadership Model Aims to Cut US Navy Incidents by 15%
US Navy CAPT Paul Nickell’s ‘Sailor’s First’ leadership model could reduce operational incidents by 10-15% and improve retention, with applications for commercial maritime training and safety.