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UAE Wants to End its Reliance on Shipping Through Strait of Hormuz

UAE Wants to End its Reliance on Shipping Through Strait of Hormuz

The United Arab Emirates exports about three million barrels of crude oil every day, and has been diverting as much as possible through a pipeline system to the port of Fujairah in order to keep shipm...

Eastern Pacific Shipping Announces Strategic Exit from Chemical Tankers

Eastern Pacific Shipping Announces Strategic Exit from Chemical Tankers

In a surprise development, Singapore-based Eastern Pacific Shipping announced its immediate exit from the chemical tanker segment. It follows the trend for consolidation in the segment after several o...

Norway Accelerates Hydrogen-Power Bulker Project for Shortsea Shipping

Norway Accelerates Hydrogen-Power Bulker Project for Shortsea Shipping

Norway’s LH2 Shipping reports it is accelerating the development of hydrogen-powered shortsea shipping bulkers for the Baltic with an additional grant from the Norwegian government program to accelera...

DP World Targets U.S. Container Market Through Deal with Corpus Christi

DP World Targets U.S. Container Market Through Deal with Corpus Christi

Global ports operator and logistics giant DP World is pursuing a deal to enter the lucrative U.S. container and ports business after an absence of 20 years. The company reports it is in exclusive nego...

Ship-Ready: Onboard Carbon Capture Has Arrived

Ship-Ready: Onboard Carbon Capture Has Arrived

It's a work in progress. IMO has approved a work plan to build an OCCS regulatory framework, and the E.U. is leaving the door open to future recognition. But as DNV and Carbon Ridge both make clear, t...

What's in the U.S.-Iran Deal? The Full Text is Out Now

What's in the U.S.-Iran Deal? The Full Text is Out Now

Multiple U.S. outlets (including Semafor, Bloomberg, Axios and others) have released the text of the U.S.-Iran deal, which a U.S. official read aloud to reporters early Wednesday. Iranian outlet Tasni...

Crews of Dali and MSC Elsa 3 Ask Courts for Release

Crews of Dali and MSC Elsa 3 Ask Courts for Release

Petitions being heard by courts in India and Baltimore are considering the same issue of how long crewmembers can be detained when they were material witnesses to casualties. Crew from both the MSC El...

Traffic Slowly Picking up in the Strait of Hormuz

Traffic Slowly Picking up in the Strait of Hormuz

There was evidence on June 16 and 17 that traffic is picking up in the Strait of Hormuz, but it is far from pre-war normals. The movement on June 16 of three Iranian-owned VLCCs, the NITC tankers D...

Trump Administration to Buy Back Four More Offshore Wind Leases

Trump Administration to Buy Back Four More Offshore Wind Leases

Continuing its strategy of canceling offshore wind projects by buying back the leases in exchange for other energy investments, the Department of the Interior announced its third agreement. The admini...

Sallaum Lines Orders Two Next-Generation 8,600 CEU Car Carriers

Sallaum Lines Orders Two Next-Generation 8,600 CEU Car Carriers

[By: Sallaum Lines] Sallaum Lines has ordered the two largest vessels in its history, signing a shipbuilding contract with Xiamen Shipbuilding Industry Co., Ltd. (XSI) for 2 + 2 next-generation Pur...