Maritime News
Latest updates from the maritime industry
4306 articles found
Prime Inc. Sues IRS for $11M in Reefer Fuel Tax Credits — A Case With Implications for All Refrigerated Carriers
Trucking giant Prime Inc. is challenging the IRS over $11 million in fuel tax credits on diesel consumed by trailer refrigeration units, a legal battle that could benefit small and mid-sized reefer operators across the industry.
By MGN Editorial
Maritime Industry Briefing: Baltic Security Escalates as Sweden Arms Coast Guard, While Miami's Superyacht Boom Leaves Environmental Toll
Sweden moves to militarise its civilian coast guard vessels amid rising Baltic tensions linked to Russia, while a new report exposes the environmental damage wrought by Miami's superyacht influx on local marine ecosystems.
By MGN Editorial
Second Tanker Struck in Strait of Hormuz as U.S.-Iran Tensions Escalate Shipping Risk
A second merchant vessel has been hit while transiting the Strait of Hormuz, deepening concerns over commercial shipping safety as the U.S.-Iran crisis intensifies in one of the world's most critical maritime chokepoints.
By MGN Editorial
Hormuz Security Deteriorates as Fresh Attack Hits Tanker, Saudi Exports Resume
A tanker has been struck in the Strait of Hormuz as naval authorities raise the regional threat level, even as Saudi Arabia ramps up crude exports through reopened Gulf ports and commodity traders move to clear stranded cargoes.
By MGN Editorial
Shell Pledges $5 Million in Humanitarian Aid Following Devastating Venezuela Earthquakes
Shell has announced a $5 million humanitarian aid contribution in response to a series of devastating earthquakes that struck Venezuela, expressing solidarity with affected communities and families.
By MGN Editorial
Aging Global Fleet Poses Growing Safety Threat, Allianz Warns
The world's merchant fleet is growing older at an accelerating pace, with Allianz Commercial cautioning that mounting safety risks are emerging as shipowners face significant barriers to fleet renewal.
By MGN Editorial
Strait of Hormuz Crisis Deepens: Drone Attacks, Transit Fees, and Rising Tensions Threaten Global Shipping
The Strait of Hormuz is emerging as a critical flashpoint for global maritime trade, with Iran accused of attacking commercial shipping, Oman signalling potential transit fees, and the U.S. Coast Guard bolstering its offshore logistics capabilities in response to sustained operational demands.
By MGN Editorial
Carnival Cruise Line Unveils 'The Next Course' Dining Overhaul Across Its Fleet
Carnival Cruise Line has announced a sweeping fleet-wide dining upgrade programme, with new restaurants and bars set to debut aboard Carnival Festivale in 2027 and Carnival Tropicale in 2028.
By MGN Editorial
Strait of Hormuz Crisis Deepens: 80 Mines Detected as Iran Reasserts Shipping Control
The IMO estimates approximately 80 mines are present in the Strait of Hormuz's historic shipping lanes, while Iran has reasserted its authority over vessel traffic through the critical waterway amid ongoing regional tensions.
By MGN Editorial
Aegea Saneamento Secures R$1.7 Billion in Long-Term Financing to Support Infrastructure Investment
Brazilian sanitation company Aegea Saneamento has announced R$1.7 billion in new long-term financing, aimed at diversifying its funding base and extending its debt maturity profile to underpin its broader infrastructure investment plan.
By MGN Editorial
Hormuz Crisis Reshapes Global Shipping: Panama Canal Revenue Surges as Strait Traffic Slows
Escalating tensions in the Strait of Hormuz are redirecting global shipping flows, with the Panama Canal poised to exceed its $5.2 billion revenue forecast as vessel traffic through the Persian Gulf chokepoint declines following an attack on a Taiwanese-operated ship.
By MGN Editorial
Maritime Industry Briefing: Limited Sector News as Energy Infrastructure Investment Narrative Dominates Wire Services
A quiet period for dedicated maritime news flow sees wire services dominated by broader energy and technology infrastructure investment commentary, with limited vessel, port, or shipping market developments crossing the wires.
By MGN Editorial
Maritime Industry Briefing: Limited Relevant Shipping News in Latest Feed Cycle
This edition's RSS feed cycle returned minimal maritime-specific content, with the sole item relating to broadband powerline communication technology validated for smart metering applications in electrical distribution networks.
By MGN Editorial
Drone Strike on Evergreen Containership Ever Lovely Raises Alarm Over Strait Security
The Singapore-flagged containership Ever Lovely, operated by Evergreen Marine Corporation, was struck by an unknown projectile in a drone attack on 25 June 2026, exposing serious vulnerabilities in what has long been assumed to be a secure international waterway.
By MGN Editorial
Hormuz Reopening Plans in Disarray After Evergreen Containership Attack
Efforts to restore commercial shipping through the Strait of Hormuz have suffered a major setback after an Evergreen containership was struck following a transit of the waterway, prompting the IMO to suspend its vessel evacuation operation.
By MGN Editorial
Russia Threatens Legal Action as Seized Shadow Fleet Tanker Smyrtos Tests UK Enforcement Limits
Russia has warned of potential legal action if Britain moves to sell the cargo of the detained tanker Smyrtos, escalating tensions following the UK's first interdiction of a Russia-linked shadow fleet vessel.
By MGN Editorial
Valvoline Expands Middle East Footprint with New Saudi Arabia Joint Venture
Valvoline Global Operations has established Valvoline Arabia Lubricants Company in Saudi Arabia, marking a significant step in the firm's international growth strategy and its push to strengthen lubricant supply chains serving the region's maritime and industrial sectors.
By MGN Editorial
Maritime Industry Briefing: Engine Shortages Return, Offshore Contracts Awarded, Offshore Wind Backlog Grows
A trio of significant developments across the maritime sector this week includes resurging engine supply constraints at shipyards, a major EPCI contract win for Ocean Installer, and new charter awards bolstering Integrated Wind Solutions' 2026 offshore wind portfolio.
By MGN Editorial
KAIFA Highlights Energy Storage Portfolio at Smarter E Europe 2026
Technology firm KAIFA showcased its full-stack energy storage solutions and Nord Pool-certified Energy Management System at The Smarter E Europe 2026 in Munich, signalling growing momentum in grid-scale and industrial energy storage markets relevant to port and maritime electrification.
By MGN Editorial
KAIFA Highlights Energy Storage Portfolio at Smarter E Europe 2026
Technology firm KAIFA presented its full-stack energy storage solutions and Nord Pool-certified Energy Management System at The Smarter E Europe 2026 in Munich, signalling growing crossover between grid-scale energy technology and maritime decarbonisation applications.
By MGN Editorial