Iran Expands Strait of Hormuz Blacklist to 77 Ships
New additions include KOTC, Bahri, and ONEX vessels as well as crude tanker sunk by US forces last week.
Industry News
World’s Largest Fully Electric Ferry Arrives in Uruguay Following Delivery Voyage
The world's largest fully electric ferry has arrived in Uruguay, completing her delivery voyage from Australia to her new owner.Built by Australia's Incat, the 130-metre China Zorrilla will be operated by Argentina-based Uruguayan customer Buquebus.The ferry will carry 2,100 passengers…
New Container Terminal for Wilmington Moves Forward Despite Challenges
Delaware and the operator of the Port of Wilmington, Enstructure, marked the groundbreaking for the long-planned new container terminal. State officials called the project one of the largest economic development projects in Delaware’s history, arguing it will be an economic…
Oman Conducts SAR as US and Iran Argue Over Circumstances of Tanker Attack
The Omani Maritime Security Center confirmed on Tuesday, September 15, that it has undertaken a search and rescue effort for the crew of a Panama-flagged product tanker, while saying that two seafarers are missing.
First Three Tank LNG Carriers Will Improve Operating Efficiency
South Korean shipbuilder HD Hyundai and Singapore-based BW LNG highlight that they are moving forward with building the world’s first three-tank LNG carriers. The design permits an increased carrying capacity of up to 2,800 cbm (1.6 percent) while avoiding terminal…
Middle East Tensions and Winter Rush Send Asian LNG Prices Soaring to Highest Level Since 2022
Asian spot liquefied natural gas prices hit their highest level since end-December 2022 as an escalation of the conflict in the Middle East, high European gas prices and strong demand ahead of winter increased competition for the limited supply.The average…