Stay informed with real-time maritime industry updates
Splash247
Indonesia plans to centralize all exports of coal, palm oil, and ferroalloys through a government-appointed state enterprise, as reported by Splash247. President Prabowo Subianto announced the policy to parliament, citing significant revenue losses from under-invoicing and transfer pricing by exporters.
Splash247
HD Hyundai Heavy Industries has strengthened its collaboration with TerraPower by signing a framework agreement to supply Natrium reactors, as reported by Splash247. This partnership marks a significant step towards the commercialization of next-generation nuclear reactors at sea.
Splash247
Lloyd’s Register has spearheaded the formation of the Lashing Exchange Format (LXF) Consortium to address the fragmented sharing of container stowage and lashing data, as reported by Splash247. This initiative involves classification societies and software developers working together to create a unified digital standard for data transfer in container securing.
Seatrade Maritime
SAAM Towage, a company based in Chile, is enhancing its fleet by ordering five new tugs from Sanmar Shipyards in Turkey, as reported by Seatrade Maritime. This strategic move aims to strengthen their operational capabilities.
Seatrade Maritime
Bahrain-based ASRY and India's Priya Blue have announced a joint venture focused on ship recycling, as reported by Seatrade Maritime. The collaboration aims to leverage Priya Blue's expertise in green recycling to enhance ASRY's capabilities.
gCaptain
Iran's Persian Gulf Strait Authority has delineated a new maritime oversight zone in the Strait of Hormuz, as reported by gCaptain. This move marks the clearest geographic definition yet of the area Iran claims authority over.
gCaptain
As reported by gCaptain, Iran has implemented a new transit system in the Strait of Hormuz, involving island checkpoints and designated routes for tankers. This development includes diplomatic agreements and passage fees, impacting navigation through this strategic waterway.
gCaptain
U.S. Marines boarded an Iranian-flagged oil tanker in the Gulf of Oman on Tuesday, as reported by gCaptain. This action is part of Washington's increased enforcement of its maritime blockade against vessels trading with Iran.
gCaptain
Swiss engine designer WinGD has achieved a significant milestone by securing the maritime industry's first confirmed order for ethanol-fueled two-stroke engines to power ocean-going bulk carriers, as reported by gCaptain. This development marks a major step forward in the shipping sector's transition towards alternative fuels.
gCaptain
A potential prolonged closure of the Strait of Hormuz could lead to oil prices reaching nearly $200 per barrel, as reported by gCaptain. This scenario might result in the most severe global energy supply shock in decades, potentially triggering a global recession, according to Wood Mackenzie.
