Middle East disruptions reshape global liner networks
UNCTAD data shows shipping lines have shifted network capacity towards ports outside conflict-affected areas. Alternative hubs in Africa, the Gulf of Oman and the Indian Subcontinent recorded significant connectivity gains...
IMO renews piracy warning after five seafarer deaths
The International Maritime Organization (IMO) has expressed condolences following the reported deaths of five seafarers during an operation to free the hijacked vessel HONOUR 25 in Somali waters. IMO Secretary-General...
ICS Chief warns UN over maritime security crisis
Thomas A. Kazakos, Secretary General of the International Chamber of Shipping (ICS), addressed the United Nations Security Council in New York on 17 September. He warned of the critical importance...
MSC resumes westbound Suez transits amid Red Sea review
MSC has announced a partial restoration of Suez Canal transits on a limited number of its East–West services, following a review of the latest security and operational conditions in the...
Hapag-Lloyd, Maersk shift services back to Red Sea
Hapag-Lloyd and A.P. Moller-Maersk (Maersk) are to reroute four Gemini Cooperation services through the Red Sea following an assessment of the current security situation in the region. The NE4, SE1,...
IMO warns 6,000 seafarers still stuck in Persian Gulf
The International Maritime Organization (IMO) has confirmed up to 400 ships carrying around 6,000 seafarers have been unable to depart safely since fighting broke out on 28 February. The IMO...
MARAD, CORE POWER sign nuclear ship framework
The Maritime Administration (MARAD) and CORE POWER (US) Inc. have announced a federal-private cooperation framework intended to accelerate the commercial, industrial and regulatory pathway for a future fleet of US-flagged...
Panama Canal cuts transit slots as dry spell persists
The Panama Canal Authority has announced temporary reductions to transit capacity at its locks, along with changes to its daily slot auctions, as reduced rainfall continues to affect the canal...
Xeneta warns shippers face 41 per cent jump in long-term rates
Peter Sand, Chief Analyst at Xeneta, has warned that Middle East war disruption is now spreading into the long-term freight contract market. Average long-term rates from the Far East to...
Hormuz transits fall 52 per cent amid rising tanker risk
Transits through the Strait of Hormuz fell 52 per cent week-on-week, according to Lloyd’s List Intelligence’s latest Weekly Maritime Risk Briefing. Outbound journeys were down 46 per cent, while inbound...
Medov Group acquires 22 per cent stake in Riviera Marine
Medov Group has acquired a 22 per cent stake in Riviera Marine SAM, a Monaco-based independent operator in bunker trading and the global supply of marine fuels and lubricants. The...
Panama Canal closes bidding for new energy corridor
The Panama Canal has closed the document submission period for companies seeking to prequalify for the development of an energy corridor. Submitted documentation will now be evaluated against the legal,...
