Shipping Industry News

Container carriers are accelerating their return to the Suez Canal, with COSCO’s OOCL Portugal making a milestone transit even as Houthi advances around Bab el-Mandeb raise fresh security concerns.

Rumours are gaining ground in shipbroking circles that Maersk is on the verge of making a series of huge new orders for vessels, potentially doubling its newbuilding pipeline.

A relatively small share of ships accounts for most reported maritime accidents, according to new research that suggests operational warning signs can often be detected before an incident occurs. The...

The U.S. Coast Guard’s icebreaker Healy will not carry out its planned high-latitude Arctic mission this summer following a serious engineering casualty in July, a spokesperson said. The statement provides the clearest indication yet of the impact of the incident on the Coast Guard’s key icebreaker.

More than one in ten cargo units inspected by government authorities last year were found with safety deficiencies, highlighting a persistent problem with how containers are declared, packed and secured...

South Korea’s PanStar Group plans to expand Arctic container voyages from next year after completing a trial run to Europe in about 20 days, betting that a seasonal service focused on high-value cargo can compete with larger Chinese operators.

Saudi Arabia is ramping up prompt sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom’s East-West pipeline, which halted cross-country flows to its Red Sea coast.

U.S. officials met representatives of Yemen's Houthis in Oman over the weekend, five sources familiar with the matter said, days after the Iran-backed militia seized a strategic stretch of the Red Sea coast in a sweeping offensive that routed Saudi-backed forces.

A U.S.-contracted vessel carrying American personnel was struck in an Iranian drone and missile attack near the Strait of Hormuz earlier this week, Fox News reported Wednesday, citing two sources...

Vessel transits through the Strait of Hormuz remained in the single digits at four on Tuesday, down from seven a day earlier, preliminary shipping data showed on Wednesday, falling well short of the 10-day average of 18.

The US is investigating potential cyberattacks on oil and gas tankers, as concerns grow around the threat to maritime safety posed by hackers interfering with vessels’ electronic systems.

Master Boat Builders has secured its first U.S. Navy defense shipbuilding contract as a prime shipyard, winning an agreement to build three new Landing Craft Utility vessels at its yard...