Maritime News
Latest updates from the maritime industry
2500 articles found
Iron Ore Prices Retreat as Market Sentiment Softens
Dalian Commodity Exchange iron ore contracts declined on April 3, with the most-traded I2605 contract settling at 799.5 yuan per metric ton amid moderate trading activity and weakening spot prices across the market.
By MGN Editorial
Lawsuit: Carriers and Kroger Allegedly Blocked Hiring of Ex-Quickway Drivers
Three former Quickway drivers have filed a lawsuit claiming that Kroger and three carriers colluded to prevent their hiring in what appears to be a coordinated blacklisting effort.
By MGN Editorial
Trump's Shipping Waiver Fails to Boost Domestic Oil Supply as Refiners Prioritize Exports
President Trump's executive order allowing foreign-flagged vessels to transport fuel between U.S. ports has had minimal impact on domestic oil availability, with refiners and shippers instead maximizing profits by directing fuel exports overseas.
By MGN Editorial
Hambantota Port Capitalizes on Middle East Diversions with Capacity Expansion
Sri Lanka's Hambantota port is experiencing a surge in traffic as shipping lines reroute container and vehicle shipments away from the conflict-affected Arabian Gulf, prompting port expansion plans.
By MGN Editorial
Soaring Bunker Costs Accelerate Push for Ship Efficiency Retrofits
Middle East geopolitical tensions have doubled fuel prices, prompting shipowners to accelerate investments in energy-saving technologies to maintain profitability amid elevated operating costs.
By MGN Editorial
Morocco-France Electric Logistics Corridor Marks Shift Toward Decarbonized Continental Freight
Gotion, Green Power Morocco, and Chery Heavy Trucks have launched a heavy-duty electric logistics corridor linking Morocco and France, signaling growing momentum in low-carbon cross-continental freight solutions amid EU decarbonization mandates.
By MGN Editorial
Morocco-France Electric Logistics Corridor Launches to Decarbonize Cross-Continental Freight
Gotion, Green Power Morocco, and Chery Heavy Trucks have signed an agreement to develop a heavy-duty electric logistics corridor between Morocco and France, establishing a new model for low-carbon cross-continental freight operations.
By MGN Editorial
India Marks Green Shipping Milestone with First Ammonia Dual-Fuel Bulk Carrier Order
Swan Defence and Heavy Industries secures a landmark contract to construct four ammonia-powered bulk carriers for Energy ONE Limited, positioning India as a key player in sustainable maritime technology.
By MGN Editorial
Sanctions Reshape Maritime and Energy Sectors: Compliance Tightens as Strategic Supply Chains Shift
Global maritime operators face intensifying compliance demands as geopolitical tensions reshape shipping and energy infrastructure. The Liberian Registry has issued new seafarer verification guidelines, while Russian producers pursue vertical integration to circumvent Western sanctions.
By MGN Editorial
Hormuz Toll Proposal Shakes Shipping Markets as Newbuild Orders Surge
Geopolitical tensions at the Strait of Hormuz intensify as the U.S. considers toll mechanisms on transiting vessels, while container and tanker operators accelerate newbuild programs across Asian shipyards.
By MGN Editorial
DNV Selected to Certify Class D Devices for US Manufacturer Under EU IVDR Regulations
Det Norske Veritas has been selected to certify in vitro diagnostic devices for a leading US manufacturer transitioning to EU's new IVDR framework, leveraging DNV's digital certification platform.
By MGN Editorial
Hunting Secures $63.5M Subsea Contract for Guyana Offshore Development
London-based Hunting plc has been awarded subsea service orders worth $63.5 million for a new offshore development project off the coast of Guyana, underscoring continued investment in the region's growing hydrocarbon sector.
By MGN Editorial
Geopolitical Tensions Reshape Global Oil Tanker Routes and Fleet Investment
Middle East conflicts and Black Sea infrastructure attacks are forcing oil exporters to reroute shipments and invest in fleet capacity, as tanker operators adapt to heightened geopolitical risks.
By MGN Editorial
Offshore Energy Companies Secure Long-Term Contracts, Signaling Sector Confidence
BW Energy extends its Gabon asset licence for 25 years while Dolphin Drilling books rig work through 2030, reflecting renewed optimism in the offshore oil and gas sector despite market volatility.
By MGN Editorial
Yamal LNG Resumes Asian Shipments as European Demand Dominated First Quarter
Russia's Yamal LNG project has dispatched its first liquefied natural gas cargo to China since November, signaling a shift in trade flows after European buyers dominated Q1 2026 supply.
By MGN Editorial
Offshore Energy Sector Marks Major Project Milestones in Oil, Gas, and Wind
Offshore energy production and infrastructure continue advancing globally as PRIO and Aker BP bring new subsea projects online while the Netherlands establishes frameworks to support offshore wind expansion.
By MGN Editorial
Persian Gulf Crisis Deepens: Ship Strikes, Stranded Seafarers, and Market Turbulence
The Strait of Hormuz faces unprecedented instability with container ships targeted by strikes, 20,000 seafarers stranded, and Iran imposing new conditions for reopening the critical waterway. The IMO is calling for coordinated international action as crude prices hold above $109/barrel.
By MGN Editorial
LNG Shipping Rallies to Record Highs as Geopolitical Tensions Reshape Fleet Demand
The UP World LNG Shipping Index surpassed the 230-point mark for the first time, driven by Middle East tensions that are accelerating crude carrier orders and redirecting European supply chains through alternative routes.
By MGN Editorial
Strait of Hormuz Crisis Extends Beyond Oil: Nine Other Commodities Face Critical Supply Disruption
The shipping crisis in the Strait of Hormuz represents the largest supply disruption in global oil market history, with impacts rippling across nine additional commodity classes critical to maritime trade.
By MGN Editorial
Maritime Industry Briefing: Regulatory Shifts, Propulsion Innovation, and Workforce Development
This week in maritime: The Trump administration's EPA rolls back oil and gas regulations, reducing compliance costs; RINA and Hanwha collaborate on battery-hybrid ship propulsion; and Metal Supermarkets increases trade school scholarships.
By MGN Editorial