Stay informed with real-time maritime industry updates
Seatrade Maritime
Seatrade Maritime highlights a significant 52% reduction in dangerous near misses over a 12-month period, thanks to Orca AI's navigational safety system. This development marks a 'paradigm change' in maritime safety, as noted by insurers.
Splash247
Navigator Holdings, listed in New York, is set to streamline its fleet by selling eight gas carriers and its stake in the Unigas pool, a deal valued at approximately $183 million, as reported by Splash247. The buyer group includes Bernhard Schulte from Singapore and Germany's Sloman Neptun, both current partners in the Unigas International joint venture.
Splash247
Hengli Heavy Industry has begun constructing three ultra-large gantry cranes at its super drydock on Changxing Island in Dalian, as reported by Splash247. The project, which involves Jiangsu Tianmu Construction Group, aims to break multiple world records and bolster the yard's position in global shipbuilding.
Seatrade Maritime
Seatrade Maritime reports on the evolving impact of Venezuelan oil on global markets following the capture of President Maduro by the US. The geopolitical shifts are influencing trade flows, with significant implications for the maritime sector.
Splash247
Andrew Craig-Bennett, in a piece for Splash247, explores the historical significance of the UN Convention on the Law of the Sea. This analysis is part of a two-part series aimed at understanding the implications for maritime freedom.
gCaptain
Negotiations to end the conflict with Iran could recommence in Pakistan in the coming days, as reported by gCaptain. This follows the failure of recent talks, which led the U.S. to impose a blockade on Iranian ports.
Splash247
A consortium including ExxonMobil, Energean, and HELLENiQ Energy is set to sign a contract for exploratory drilling in Block 2 of the north-western Ionian Sea with Greece's Ministry of Environment and Energy, as reported by Splash247. The agreement, initially signed in Athens in November, marks ExxonMobil's entry into the consortium with a 60% stake.
Seatrade Maritime
Seatrade Maritime reports that six vessels have been turned around due to a US blockade of Iran's ports, as part of an operation involving over a dozen warships. The blockade aims to halt traffic entering or leaving these ports.
gCaptain
The Trump administration will let a 30-day waiver on Iranian oil sanctions expire later this week, as reported by gCaptain. This move comes as the U.S. intensifies its blockade on shipments from Iranian ports.
gCaptain
The global maritime system remains open but is experiencing increased volatility and constraints, as reported by gCaptain. The system's adaptability is being tested under current pressures, highlighting the need for strategic adjustments.
