Peak Season and Hormuz Crisis...

Container freight rates are rising sharply across major east-west trades as the conflict in the Middle East, disruption at key...

Peak Season and Hormuz Crisis Fuel New Surge in Container Shipping Rates
posted on: Jun 7, 2026

Swedish Court Approves Seizure of...

A Swedish court has agreed with prosecutors that a cargo ship accused of stealing grain from the occupied regions...

Swedish Court Approves Seizure of Cargo Ship for Ukraine
posted on: Jun 7, 2026

Sanctioned shadow fleet oil tankers...

More than half the world’s sanctioned oil vessels run the risk of causing serious environmental harm, the Financial Times...

Sanctioned shadow fleet oil tankers threaten environmental disaster, FT reports
posted on: Jun 7, 2026

Pakistan Deploys New Hangor AIP...

(DEFENCE SECURITY ASIA) — The arrival of a Pakistan Navy task group led by the newly commissioned AIP-equipped submarine...

Pakistan Deploys New Hangor AIP Submarine Near Indian Waters as Colombo Emerges in Intensifying Indian Ocean Naval Rivalry
posted on: Jun 7, 2026
Container newbuild stranded since 2008 crisis finally delivered

Container newbuild stranded since 2008 crisis finally delivered...

posted on: Jun 7, 2026

A containership whose construction was abandoned in the aftermath of the 2008 financial crisis has finally entered commercial service, marking the revival of one of Turkish shipbuilding’s longest-running unfinished projects. According to Alphaliner, the 917 teu Behram Box has been delivered and chartered to Shipping Solutions, a DP World business formerly known as Unifeeder, ending a journey that began around 20 years ago when the vessel was first ordered from Turkey’s Um Shipyard. The ship is the first of two sister vessels that spent more than a decade sitting incomplete at the yard after construction stalled during the global financial crisis. Both hulls remained largely dormant from 2012 until last year before investors decided to revive the project amid strong demand for feeder tonnage and a tight charter market. The vessel was subsequently towed from Gölcük to Tuzla, where construction was completed. A second sistership, Numan Box, is expected to follow shortly....

U.S. Looks to Unblock Hormuz With Quiet Version of Project Freedom

U.S. Looks to Unblock Hormuz With Quiet Version of Project Freedom...

posted on: Jun 6, 2026

(Bloomberg) — A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway. Rather than announcing an open challenge against Iran, the US is quietly coordinating with shippers willing to take a different approach. Evidence gleaned from US Central Command statements, shipping data and people with knowledge of the transits suggest ships are turning off transponders and sticking close to the Omani coast on the strait’s south to avoid Iranian mines, with the US military assisting if needed. The latest evidence came Tuesday night amid a flareup between the US and Iran. Central Command issued a statement saying its forces shot down Iranian attack drones aimed at “civilian mariners that were rightfully transiting regional waters.” US forces also conducted “self-defense strikes” on an Iranian military...

The fourth skills revolution at sea

The fourth skills revolution at sea

posted on: Jun 6, 2026

Has shipping ever asked more of its seafarers? The latest from our brand new shipmanagement magazine being distributed across Athens this week. From alternative fuels and AI-assisted systems to cyber risk and emissions reporting, today’s seafarers are being asked to master an unprecedented breadth of new competencies – all at the same time. Industry leaders are unanimous that the pace and scale of this transition is unlike anything that has come before. The question is whether the industry can respond fast enough. Ajay Chaudhry, co-CEO of shipmanagement at Synergy Marine Group, has lived through enough industry cycles to know when something is genuinely different. “The industry has never asked seafarers to absorb so much change at the same time,” he says. The list of previous transitions is long – containerisation, ECDIS, double-hull tankers, fuel transition, ballast-water treatment, scrubbers. But what is happening now, he argues, is categorically different in...

Lessons learned: Systems that rely on tired people are unsafe

Lessons learned: Systems that rely on tired people are unsafe...

posted on: Jun 6, 2026

CHIRP Maritime draws lessons learned from a fatigue-related report highlighting the ongoing impact of tiredness across the maritime sector.  The initial report Drawing on the reporter’s narrative and other fatigue submissions, CHIRP presents this combined safety perspective to illustrate a broader systemic safety concern. The consistency of reports received by CHIRP suggests these are not isolated concerns, but recurring indicators of wider industry pressure. This report includes the actual SHIELD taxonomy (Safety Human Incident and Error Learning Database) to provide some more context Fatigue remains one of the most persistent and under-reported risks in maritime operations. It rarely stems from a single long shift or an isolated, difficult week. More often, it develops gradually through sustained exposure to demanding schedules, insufficient recovery time, staffing pressures, and a culture in which ‘coping’ becomes the norm. CHIRP continues to hear from personnel working patterns that involve repeated night shifts, disrupted sleep,...

‘The day after disruption’: major Greek owners warn on what comes next

‘The day after disruption’: major Greek owners warn on what comes next...

posted on: Jun 6, 2026

Major Greek shipowners are increasingly focused on what comes after what they describe as the “most disruptive period” in the history of the shipping industry “What I am most concerned about is the day after, and what kind of changes we’re going to see in the overall pattern of transportation,” Danaos Corp chairman, president and chief executive Dr John Coustas told the Capital Link Maritime Leaders Summit held during Posidonia week. “We are moving into a different multipolar world, with a dramatic effect on trade. Countries have changed the way they allocate and source energy; everything is different,” Dr Coustas added. “We need to be very careful,” StealthGas, Imperial Petroleum and C3is Inc founder Harry Vafias said. Mr Vafias said that while shipping predictions used to be relatively straightforward – driven mainly by cycles, asset prices and market fundamentals – everything over the past three years has become “extremely...

Russia Tells France to Free Tanker Captain It Says Was Detained on False Charges

Russia Tells France to Free Tanker Captain It Says Was Detained on False Charges...

posted on: Jun 5, 2026

MOSCOW, June 3 (Reuters) – Russia is demanding that France release the captain of a tanker detained in France on what it says are false charges, the Russian embassy in Paris saidon Wednesday. France’s navy said on Monday it had intercepted a sanctioned tanker, the Tagor, linked to the Russian oil trade in the Atlantic Ocean. Paris ordered it to head to the French mainland, in a move Moscow said was illegal and amounted to “international piracy.” The Russian embassy said that French authorities had informed Moscow that the vessel’s captain, a Russian national, had been detained on what it described as “trumped-up” charges. “The Embassy has once again contacted the French Ministry of Foreign Affairs, demanding immediate consular access to the Russian citizen and his prompt release,” the embassy said in a statement. Russia has relied on old vessels, known in the West as the “shadow fleet,” to ship its oil and gas in the face of Western...

Ships stranded in Persian Gulf quietly coordinate with U.S. Navy to exit Hormuz

Ships stranded in Persian Gulf quietly coordinate with U.S. Navy to exit Hormuz...

posted on: Jun 5, 2026

Handout photo taken from the X account of US European Command @US_EUCOM showing a Venezuela-linked oil tanker which is travelling off British waters. US forces are reportedly attempting to seize the Marinera, a Russian-flagged vessel previously known as Bella-1, which is said to have escaped Donald Trump’s “total naval blockade” of Venezuela. Issue date: Wednesday January 7, 2026. PA Photo. Photo credit should read: @US_EUCOM/X/PA Wire NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder. Nearly 40 ships previously stranded in the Persian Gulf have exited through the Strait of Hormuz over the past three weeks as vessels quietly coordinate with the U.S. Navy, according to Lloyd’s List Intelligence. Some shipowners are submitting...

Maritime leaders debate the industry’s future at Posidonia

Maritime leaders debate the industry’s future at Posidonia...

posted on: Jun 5, 2026

On the third day of Posidonia 2026 (1-5 June), discussions at the Athens Metropolitan Expo extended well beyond geopolitics, cargo volumes, insurance costs and charter rates. Instead, some of the most influential voices in global maritime governance, including the Secretary-General of the International Maritime Organization (IMO), the President of the Union of Greek Shipowners, and shipping ministers from several of the world’s leading flag states, focused attention on two challenges widely seen as defining the future of the industry – safeguarding the welfare, safety and dignity of seafarers, and accelerating the transition toward a lower-carbon shipping sector.  The debate underscored a growing consensus that the next decade of maritime development will be shaped not only by commercial and regulatory pressures, but also by the industry’s ability to protect its workforce and meet increasingly ambitious decarbonisation targets. Seafarers at the centre of the global agenda When asked to identify the single...

Tankers Gather Outside Persian Gulf in Wager on Hormuz Reopening

Tankers Gather Outside Persian Gulf in Wager on Hormuz Reopening...

posted on: Jun 5, 2026

By Weilun Soon and Alex Longley Jun 3, 2026 (Bloomberg) –Some Greek oil tanker owners are moving their ships closer to the Persian Gulf in a bet that the vessels will soon be able to earn sky-high rates if the Strait of Hormuz reopens.  Capital Maritime & Trading Corp. has been pulling a lot of its tankers to within three to five days’ sailing of the Persian Gulf, near India and east Africa, the firm’s backer Evangelos Marinakis said at the TradeWinds Shipowners Forum in Athens on Tuesday. At least one other Greek owner has been positioning some of their ships similarly, according to a person familiar with the matter.  The moves underscore the lucrative potential of a resumption of shipping flows through Hormuz, even if there’s little clarity today on the status of peace talks between the US and Iran. Any ship able to quickly enter the Persian Gulf...

MSI: Gulf disruption drives divergence between oil tanker earnings and cargo

MSI: Gulf disruption drives divergence between oil tanker earnings and cargo...

posted on: Jun 5, 2026

Spot earnings in market segments less exposed to the Middle East have already taken a distinctive downturn and large tankers are likely to follow if cargo levels drop, says research firm Maritime Strategies International (MSI) The start of June sees tanker market earnings remain exceptionally strong but facing a period of divergence between demand and earnings. The dislocation between earnings and more conventional supply/demand fundamentals will be reconciled through lower earnings, which are the main feature of MSI’s second half 2026 earnings forecast. Cargoes from the Middle East have plummeted, with crude volumes more than halving. Alternative pipeline outlets from Saudi Arabia and the UAE are the key factors preventing even further deterioration in volumes.  Oil demand is expected to drop in 2026, and both crude and products cargo will see a sharp declines as a result of lost Middle East volumes.  There is a large risk/security premium factored...

Shipping Industry Says Hormuz Peace Deal Alone Won’t Bring Ships Back

Shipping Industry Says Hormuz Peace Deal Alone Won’t Bring Ships Back...

posted on: Jun 4, 2026

Executives warn that freedom of navigation requires more than a ceasefire as confidence remains shattered after months of conflict Shipping executives gathered at the Posidonia maritime exhibition in Greece on Monday delivered a clear message: even if Washington and Tehran finalize a ceasefire agreement, commercial shipping is unlikely to return to normal operations in the Strait of Hormuz without clear rules, security guarantees, and confidence that vessels can transit safely. The comments came as U.S. and Iranian negotiators continue discussions over a proposed 60-day extension of the current ceasefire framework, a deal that could eventually pave the way for reopening one of the world’s most strategically important waterways. Video Unpaused Yet speakers at the Capital Link conference suggested that from shipping’s perspective, a peace agreement is only the first step. “What we need is obviously a framework, a rules regulation, whatever tells us exactly how we can go in and get out,” said...

Lessons learned: Flammable gases must never be stored in makeshift workshops

Lessons learned: Flammable gases must never be stored in makeshift workshops...

posted on: Jun 4, 2026

The Nautical Institute draws lessons learned from an incident where a dry cargo vessel in ballast suffered a forward compartment explosion caused by leaked propane gas in an improperly used makeshift workshop. The incident Adry cargo vessel in ballast was underway in strong winds and rough seas. At around 2100, when the vessel was approximately 35 nautical miles from shore, there was an explosion in a forward compartment. The explosion tore open parts of the forward mooring deck. All five cargo hatch covers were dislodged; two hatch covers fell into the sea, while the remaining three collapsed into the empty cargo hold. Simultaneously, the vessel suffered an electrical power outage, but the main engine continued to function. The crew quickly broadcast a distress call over VHF radio, which was received by a coast station, and a rescue operation involving several ships and two rescue helicopters was initiated. The entire...

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