Diamond Gas Jade, a 174,000-cu.-m. Liquefied Natural Gas (LNG) carrier invested by a joint venture under U-Ming Marine Transport Corp., held its grand naming ceremony on May 19 at the Samsung Heavy Industries Geoje Shipyard. Built by Samsung Heavy Industries, Diamond Gas Jade is equipped with the latest energy-saving environmental technologies and a dual-fuel propulsion engine. Upon delivery, it will commence long-term LNG transportation operations supporting global energy logistics…
The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on…
A maritime drone self-detonated on Friday in Romania's Black Sea port of Constanta near an oil terminal, without causing casualties, as Ukraine accused Russia of jamming one of its vessels before it drifted into Romanian waters.The explosion…
Waterborne tonnage moving in and out of Houston in the first quarter of 2026 reached 65 million short tons, up 12% compared to last year, according to the most recent data. Growth was driven primarily by exports, which at nearly 54 million short…
A new report from the Lloyd’s Register Maritime Decarbonisation Hub (The Decarb Hub) finds that early investment in a small number of strategically positioned hubs and export gateways could accelerate the availability and uptake of sustainable maritime fuels…
Rio Tinto has celebrated the shipment of 8 billion tonnes1 of iron ore to global markets from the Pilbara region, 60 years after the company’s first shipment set sail from Western Australia for Japan.The milestone shipment departed from Cape Lambert port aboard the Juno Horizon on May 19…
Three supertankers were crossing the Strait of Hormuz on Wednesday carrying oil bound for Asian markets, after waiting in the Gulf for more than two months with 6 million barrels of Middle East crude on board, while another was entering, shipping data on LSEG and Kpler showed…
The United States has charged seven Chinese executives and four of the world's largest shipping container companies with conspiring to restrict supply, raising the price of containers during the COVID pandemic, Department of Justice officials said on Tuesday…
U.S.-flag shipping on the Great Lakes lost a total of 1,953 hours or 82 ship days due to inadequate icebreaking, about a third of the shipping season on the Great Lakes.It took 96 hours after the Soo locks opened for the year for the first vessel loaded with iron ore to finally clear the St…
Vesselindex has released its annual Performance Report, providing an independent assessment of how listed dry bulk companies perform relative to peers and the broader market in terms of Time Charter Equivalent (TCE) earnings.The report covers…
A long-running dispute over container detention charges between Evergreen and a U.S. trucking company has been resolved, with a federal appeals court siding squarely with the regulator and reinforcing limits on when carriers can impose such fees…
The Maritime and Port Authority of Singapore (MPA) has selected six partners under its Call for Proposals (CFP) to advance and scale up in-water hull inspection and cleaning solutions in the Port of Singapore, in support of more efficient and lower-emission shipping…
Iran could consider allowing ships to sail freely through the Omani side of the Strait of Hormuz without risk of attack as part of proposals it has offered in negotiations with the United States, providing a deal is clinched to prevent renewed conflict…
Canon U.S.A., Inc., a leader in digital imaging solutions, announced the release of the MS-510, a multi-purpose camera engineered to meet the demands of ultra-low-light full-color video shooting. Building on the MS-500, the new MS-510 is designed…
The discount for Russian Urals oil on a FOB basis for cargoes loading from the Baltic port of Primorsk in April narrowed to $15-$17 per barrel versus dated Brent from about $24-$27 per barrel in the second half of March, as falling freight rates reduced costs for Russian sellers…
