Even seasoned brokers were left speechless when ADNOC L&S bought the 15-year-old VLCC, Olympic Leopard, for $115 million a couple of weeks ago. The price, about 10% less than the prevailing ...

Ilya Espino de Marotta, a 64-year-old marine engineer and Texas A&M graduate will serve a seven-year term as Panama Canal Administrator, from 7 September 2026 until 2033, succeeding Ricaurte Vásquez, ...

A long-awaited safety report released by the US Coast Guard (USCG) in the aftermath of a 2024 bridge allision at the Port of Baltimore warns of a growing vulnerability of America’s port infrastructure ...

Delegates at the ISWG-GHG effectively had similar views on the four-day meeting that ended on Friday, that there was no shift in positions, even if they expressed it in differing ways. One called it ...

US Central Command said it had destroyed three Iranian crude tankers on 5 September in retaliatory strikes, “permanently disabling” two of the ships and “completely destroying” another. Centcom said ...

The Panama Canal Authority (ACP) said on Friday that the previously announced draught reduction to 14.48 metres Tropical Fresh Water (TFW), scheduled to take effect on 1 October 2026, has been ...

The container sector is set to see its first vessel fitted with a rotor sails with an Anemoi unit fitted on a Maersk vessel. Anemoi will install a five-metre diameter and 35 high fixed rotor sail ...

Schedule reliability has taken a significant turn for the worse as container spot rates soar for cargo calling at US ports according to the latest Xenata data. Global schedule reliability is down to ...

Stay updated with the latest headlines and in-depth coverage from Posidonia 2026 with the latest edition of the official show daily - Posidonia Today. Stay updated with the latest headlines and ...

Amid the protracted crisis in the Strait of Hormuz, Iraq has been racing to find new outlets and methods to export its crude and petroleum products. The economy of OPEC’s second-largest oil producer ...

Driven by advanced cargo shipments on core east-west trade lanes, Yang Ming Marine reported a quarter-on-quarter earnings rebound in Q2 despite lingering industry-wide oversupply pressure and volatile ...

Iran’s Persian Gulf Strait Authority (PGSA) has published a blacklist of vessels it alleges have violated Iran’s rules for transiting the Strait of Hormuz, threatening the vessels with detention, ...