Maritime News
Latest updates from the maritime industry
1618 articles found
Strait of Hormuz Tensions Escalate, Tanker Markets Brace for Shock
Missile and drone attacks on commercial vessels in the Gulf of Oman have disrupted shipping traffic through the critical Strait of Hormuz, sending shockwaves through global tanker markets.
By MGN Editorial
MSC Downgrades India-Europe/Med Network Amid Transshipment Cargo Woes
Mediterranean Shipping Company (MSC) has downgraded its India-Europe/Mediterranean network due to declining transshipment cargo volumes at Indian ports following a government decision to revoke the cabotage waiver.
By MGN Editorial
FirstEnergy Transmission Awarded Major Grid Upgrade Projects
FirstEnergy Transmission has been selected by PJM Interconnection to build several key projects that will enhance power grid reliability and address rising customer demand in Ohio and Pennsylvania.
By MGN Editorial
Maritime Industry Embraces Sustainability Initiatives
Young people and industry groups are leading the charge for more environmentally-friendly practices in the maritime sector.
By MGN Editorial
Belgium Seizes Russian Shadow Fleet Tanker Linked to Iran
Belgian authorities have seized a Russian-owned tanker in the North Sea as part of coordinated European sanctions enforcement.
By MGN Editorial
NYK and Ocean Yield Expand LNG Carrier Fleet
Japanese shipping company NYK and Norwegian ship leasing firm Ocean Yield have expanded their joint LNG carrier program with Cheniere Energy to eight vessels.
By MGN Editorial
Seized Russian Oil Tanker Heads to U.S. After Detention in Scotland
A Russian-flagged oil tanker seized in the North Atlantic is now en route to the United States after being held in Scottish waters.
By MGN Editorial
Commodities Surge Amid Supply Challenges and Geopolitical Risks
Commodity prices are on the rise, driven by supply-demand imbalances and geopolitical factors, presenting opportunities for investors in the maritime industry.
By MGN Editorial
Strait of Hormuz Tensions Disrupt Shipping as Tankers Attacked
Escalating tensions in the Strait of Hormuz have led to attacks on oil tankers, prompting shipping companies to halt transits through the critical maritime chokepoint.
By MGN Editorial
Air Freight Rates Expected to Spike Amid Iran Tensions
Businesses brace for higher air cargo rates and shipping delays as airlines avoid Middle East airspace due to escalating conflict between the U.S., Israel, and Iran.
By MGN Editorial
VLCC Tanker Market Surges as Geopolitical Tensions Loom
The VLCC tanker market has seen a dramatic spike in rates, while escalating conflict between Israel and Iran threatens shipping in the Gulf region.
By MGN Editorial
Tanker Market Surges as Geopolitical Tensions Disrupt Shipping
Tanker rates are skyrocketing amid rising tensions in the Middle East, while container shipping faces uncertainty from potential military action.
By MGN Editorial
Oil and Diesel Prices Rise, Impacting Maritime Sector
Oil and diesel prices have climbed in early trading, with diesel seeing larger gains than crude, affecting the maritime industry.
By MGN Editorial
Chinese Miners Uncover Rare Minerals in Remote Mountain Range
A team of Chinese miners has discovered a trove of rare and valuable minerals in a remote mountain range, potentially boosting domestic supply of critical resources.
By MGN Editorial
China Uncovers Rare Earth Deposits in Remote Mountain Region
A Chinese expedition into a remote mountain area has uncovered significant deposits of rare earth minerals, a critical resource for the maritime industry.
By MGN Editorial
Attacks on Tankers in Middle East Raise Tensions
Three ships were hit in the Strait of Hormuz and Gulf of Oman, resulting in one seafarer fatality, as tensions escalate in the region.
By MGN Editorial
Shipping Reroutes as Iran Targets Persian Gulf Ports
Major container lines shift operations away from the Strait of Hormuz as Iran attacks ports and vessels in the region.
By MGN Editorial
VLCC Resales Command Record Premium Over Newbuilds
Resale values for very large crude carriers (VLCCs) have surged to unprecedented levels, outpricing newbuild prices by a record $39.5 million.
By MGN Editorial
Polyplastics Develops New PLASTRON® LFT Grades with Post-Consumer Recycled Content
Polyplastics, a global leader in engineering thermoplastics, has announced the development of new long-fiber thermoplastic (LFT) PLASTRON® grades made with post-consumer recycled polypropylene.
By MGN Editorial
Attacks on Shipping Disrupt Middle East Trade
Recent attacks on ships and ports in the Middle East have caused chaos for the maritime industry, leading to heightened security concerns and disruptions to regional trade.
By MGN Editorial