Will Iran close the Strait of Hormuz?
The big question in international shipping today has been whether Iran’s responses to the U.S. Operation Midnight Hammer strikes on its nuclear facilities will include closing the Strait of Hormuz — the
Shipping
Op-Ed: Overcoming shipping’s complexity challenge
By Richard Leahy, technical service manager, Castrol The maritime industry faces extraordinary complexity. Today’s specialized global fleet—from dry and wet cargoes to passenger vessels—is a remarkable achievement of modern engineering that continues
Op-Ed: Alternative lenders will ignite shipping’s growth
By Tobias Backer, executive director, Pelagic Capital The introduction of protectionist policies by the new U.S. administration has reignited uncertainty across the global economy. The International Monetary Fund’s (IMF) World Economic Outlook
USTR could ease some Section 301 measures on Chinese maritime dominance
The U.S. Trade Representative’s office (USTR) announcement that it would take sweeping measures under Section 301 of the Trade Act of 1974, began a process that included taking into account public comments
FMC opens investigation into flagging practices
The Federal Maritime Commission is conducting an investigation to examine whether the vessel flagging laws, regulations, or practices of certain foreign governments create unfavorable shipping conditions in the foreign trade of the
BIMCO: Dry bulk supply/demand balance set to weaken
It’s not just container shipping that’s feeling the tariffs pain. BIMCO has released its April 2025 Dry Bulk Shipping Market Overview & Outlook — and the outlook part is not rosy. Tariff
CMB.TECH and Golden Ocean merger will create 250 ship behemoth
CMB.TECH NV [NYSE: CMBT] and Golden Ocean Group Limited [NASDAQ: GOGL] are set to merge, creating one of the largest diversified listed maritime groups in the world with a combined fleet of
Agreement reached on new global minimum wage for seafarers
The International Labor Organization (ILO) has concluded the latest round of minimum wage negotiations for able seafarers at a meeting of the Subcommittee on Wages of Seafarers of ILO’s Joint Maritime Commission
Wiernicki: What IMO does next will decide shipping’s decarbonization success
The IMO (International Maritime Organization) 2023 strategy on the reduction of GHG emissions from ships calls for shipping to reach net-zero GHG emissions by or around, i.e. close to, 2050. “The IMO
Hapag-Lloyd expects lower earnings in 2025
Container shipping firm Hapag-Lloyd published its new annual report yesterday, March 20. According to the report, a slight increase in the operating result was achieved in 2024 while lower results are expected