Maritime and shipping news covering container lines, ports, freight rates, shipbuilding, and global trade routes.
Shipping companies are exploring alternative trade routes as the Strait of Hormuz remains closed. The ongoing lockdown is forcing firms to adapt to avoid disruptions in global oil and cargo shipments.
The Panama Canal Authority is drafting a plan to impose water limits to mitigate El Niño impacts, aiming to avoid vessel restrictions that disrupted shipping in 2023. Canal administrator Ricaurte Vásquez Morales stated the authority is managing El Niño from a different angle.
More than half of the world's sanctioned oil vessels pose serious environmental risks, according to ship recycler Anil Sharma. GMS Leadership is in talks to recycle them via special license. In December 2025, two Russian shadow fleet tankers leaked fuel in the Kerch Strait.
At a conference in Athens, shipping executives called for clear rules to resume operations through the Strait of Hormuz, even if a US-Iran peace deal is signed. Heidmar's Pankaj Khanna noted a vessel was stuck in the Gulf for three months, impacting seafarers. Greece's shipping minister hoped for a solution keeping shipping out of the conflict.
DHT Holdings CEO Svein Moxnes Harfjeld said oil companies are rushing to secure giant tankers as the industry is disrupted by war and a large vessel-buying spree. Customers are 'all scrambling for security in transportation.'
Omani authorities issued an alert on Saturday for vessels to exercise caution after a suspected floating mine was spotted in the Strait of Hormuz, within Omani territorial waters. It remains unclear if the object has been recovered.
Fayard, the only EU shipyard still repairing ice-class LNG tankers for Russia's Yamal plant, continues work ahead of a 2027 EU ban. Each of the six vessels has transported an average of 5.3 million metric tons of Russian LNG since the invasion, with cargoes valued at roughly 4 billion euros per vessel.
ZIM Integrated Shipping Services named Chen Lichtenstein as president and CEO, effective July 1, 2026, succeeding Eli Glickman who resigned. The appointment requires shareholder approval under Israeli law.