Maritime News
Latest updates from the maritime industry
1527 articles found
Strait of Hormuz Disruptions Roil Global Shipping and Petrochemicals
Tensions in the Middle East are causing major disruptions to maritime trade, with VLGCs ballasting from the Gulf of Oman and Asian petrochemical producers facing serious supply challenges.
By MGN Editorial
Shipping Markets Buoyed by Dry Bulk Gains, Hormuz Disruptions
A roundup of recent maritime industry news, including rising Baltic Dry Index, tanker chartering challenges due to Strait of Hormuz closure, and supply chain risks for European aluminum industry.
By MGN Editorial
U.S. Strikes Iran's Key Oil Export Hub Amid Escalating Tensions
The U.S. carried out a major airstrike on Iran's Kharg Island, a critical oil export facility, as tensions between the two countries continue to rise.
By MGN Editorial
Federal Government Moves to Restore Owner-Operator Model in Trucking
The U.S. government has made changes to the classification of owner-operators as independent contractors or employees, impacting the trucking industry.
By MGN Editorial
Bulk Carriers Navigate Strait of Hormuz Amid Tensions
Over 20% of bulk carriers stranded in the Arabian Gulf have transited the Strait of Hormuz since the start of the Iran conflict, according to industry data.
By MGN Editorial
Mediterranean's First CO2 Storage Project Takes Major Step Forward
A front-end engineering design (FEED) contract has been awarded for the Mediterranean's first CO2 storage project, marking a significant milestone in the development of carbon capture and storage infrastructure in the region.
By MGN Editorial
Recon Technology Reports Strong Financial Results
Chinese oilfield services and environmental technology company Recon Technology reports robust financial performance for the first half of fiscal year 2026.
By MGN Editorial
Sigenergy Unveils Nantong Smart Energy Center with Focus on 'AI in All' Strategy
Sigenergy has opened a new smart energy center in Nantong, China, showcasing its AI-powered product portfolio for the maritime industry.
By MGN Editorial
Cruise Ship Grounding Highlights ECDIS Risks in Remote Regions
An Australian expedition cruise ship ran aground on a reef in Papua New Guinea after an ECDIS route change derailed its approach, raising concerns about navigational risks in remote areas.
By MGN Editorial
Amazon Expands Air Cargo Network in Northeast India
Amazon's in-house cargo airline has launched new routes in India's northeast region, improving delivery speeds for the e-commerce giant.
By MGN Editorial
Crop Protection Chemical Market Projected to Reach $106 Billion by 2030
The global crop protection chemical market is expected to grow to $106.26 billion by 2030, driven by increasing demand for agricultural productivity.
By MGN Editorial
Supertankers Pile Up in Red Sea as Saudi Arabia Bypasses Hormuz
Saudi Arabia's efforts to bypass the Strait of Hormuz have led to a buildup of oil supertankers waiting off its Red Sea coast, as the kingdom tries to overcome disruption caused by the Iran conflict.
By MGN Editorial
US Secures Nearly $47M in Gulf of Mexico Oil and Gas Lease Sale
The U.S. Bureau of Ocean Energy Management held the second Gulf of Mexico oil and gas lease sale, generating $46.9 million in high bids from major energy companies.
By MGN Editorial
Brazilian Airline Expands Direct Flights to Europe
GOL Linhas Aéreas, Brazil's largest airline, announces new non-stop flights from Rio de Janeiro to Paris and Lisbon, boosting connectivity between South America and Europe.
By MGN Editorial
Sustainable Transition Accelerates as Global Business Leaders Convene at SMI Summit
Major partnerships and investment collaborations emerged from the Sustainable Markets Initiative's annual CEO Summit, as global business leaders took action on the sustainable transition.
By MGN Editorial
Jan De Nul to Carry Out 'Industry's First' Simultaneous Multi-Cable Installation for TenneT
Belgian offshore contractor Jan De Nul plans to install three subsea power cables simultaneously, a first-of-its-kind project for the offshore energy sector.
By MGN Editorial
Evergreen Profits Plunge as Freight Rates Decline
Taiwan's largest shipping line Evergreen reports a sharp drop in profits for 2025 and early 2026 due to falling freight rates.
By MGN Editorial
Sigenergy Inaugurates Nantong Smart Energy Center, Pioneering 'AI in All' and Next-Gen Energy Portfolio
Sigenergy has officially opened its Nantong Smart Energy Center in China, marking a major milestone in the company's global expansion and its focus on AI-powered energy solutions.
By MGN Editorial
Middle East Conflict Disrupts Container Shipping Outlook
Ongoing Middle East tensions are absorbing container ship capacity and keeping freight markets tighter than expected, countering fears of looming overcapacity.
By MGN Editorial
Tackling Harassment at Sea Requires Visible Action, Experts Say
Despite growing regulatory attention, many seafarers still hesitate to report bullying and harassment at sea due to a lack of visible follow-up and leadership on the issue.
By MGN Editorial