Stay informed with real-time maritime industry updates
Splash247
Mumbai-based Seven Islands Shipping is aggressively expanding its fleet by acquiring 11 MR tankers since early 2025, as reported by Splash247. This expansion aligns with India's increasing energy demand, positioning the company as a significant player in the product tanker market.
Splash247
The Panama Canal has experienced a marked increase in vessel transits and tonnage during the first half of its 2026 fiscal year, with some ships paying over a million dollars for last-minute crossing slots, according to Splash247. This surge is attributed to a rise in demand for the canal's reservation system amid heightened global trade activity.
Splash247
Greek owner M/Maritime is expanding into the container shipping sector by ordering its first feeder boxships, as reported by Splash247. The company has contracted two 2,800 teu vessels from HD Hyundai Heavy Industries, with eco-friendly CON-GREEN designs, expected for delivery starting in early 2028.
Splash247
Tsakos Energy Navigation (TEN) has extended the charters for two shuttle tankers for up to five years each, as reported by Splash247. This move strengthens TEN's position in the offshore loading segment with contracts continuing directly after the current ones.
Seatrade Maritime
Seatrade Maritime reports that the Trump administration is considering extending the Jones Act waiver to 90 days, a move that has stirred discontent among US maritime industries. The extension plan has raised concerns about its potential impact on the domestic shipping sector.
Splash247
Hakki Deval, with over two decades in dry bulk shipping, now leads Istanbul-based Devbulk as managing director and CEO. His extensive experience includes roles as a Turkish Navy lieutenant and a board member of the International Chamber of Shipping, as reported by Splash247.
Seatrade Maritime
Seatrade Maritime reports that 15 Filipino seafarers aboard the Epaminondas and MSC Francesca, which were seized in the Strait of Hormuz, are confirmed to be safe and unharmed. The incident marks the latest in a series of attacks in the region.
gCaptain
President Donald Trump announced that Navy Secretary John Phelan was dismissed due to disagreements with senior Pentagon officials over shipbuilding, as reported by gCaptain. This statement provides the clearest explanation for Phelan's sudden removal.
gCaptain
gCaptain reports that the Panama Canal is addressing concerns over congestion, asserting its capability to manage increasing traffic efficiently. The canal's officials emphasize their handling of the situation despite geopolitical disruptions and heightened demand.
gCaptain
Iran's deployment of a swarm of small, fast boats to seize two container ships near the Strait of Hormuz illustrates ongoing security challenges in the region, as reported by gCaptain. This incident raises questions about the effectiveness of U.S. efforts to neutralize Iran's naval threat and underscores the difficulties in maintaining safe passage through one of the world's key oil export routes.
