First vessel to use the new Lashing-Free system was recently delivered to CMA CGM (HD Hyundai) 08 OCT 2026 South Korean shipbuilding group HD Hyundai is reporting the delivery of its first container vessel using the company’s newly developed “Lashing-Free” system that eliminates the need for workers to manually secure …
Read More »JAPAN LAUNCHES FIRST VESSEL SANCTIONS IN SUPPORT OF UKRAINE
Japan sanctioned 31 tankers in its first ever vessel specific sanctions 07 OCT 2026 The Japanese government announced a package of sanctions at the end of last week designed to target Russian trade, which included its first-ever vessel sanctions. According to the government, it was imposed for the purpose of …
Read More »ROMANIA RESCUES 11 SEAFARERS AND 2 DECEASED FROM TURKISH VESSEL
Turkish grain ship sinking after being hit by two drones 07 OCT 2026 Romanian officials are reporting a complex rescue operation in the Black Sea while also condemning the attacks on civilian ships. It reported that a total of 11 seafarers were saved on Monday from a Turkish vessel carrying …
Read More »STRONG FREIGHT MARKETS KEEP AGING SHIPS OUT OF RECYCLING YARDS
06 OCT 2026 Strong freight markets kept aging vessels trading through the third quarter despite rising scrap prices and strong demand from ship recyclers, according to a new market review from GMS, the world’s largest cash buyer of ships for recycling. The ship recycling market entered the quarter looking ripe …
Read More »IRAN KEEPS UP PACE OF STRIKES WITH ATTACK ON BRAND NEW LR2 TANKER
Iran’s low-cost attack drones have played a prominent role in its campaign to restrict Hormuz traffic 06 OCT 2026 On Sunday (04th Oct), Iran hit another tanker in the Strait of Hormuz, extending a fast-paced run of attacks on the “shuttle” shipping trade between Gulf oil producers and the STS …
Read More »ITF CALLS FOR PANAMA CANAL TO ADDRESS FATIGUE FOLLOWING TUG CAPTAIN’S DEATH
05 OCT 2026 Captain of a tug died at the Panama Canal while working extended shifts. The issue of fatigue among tug operators at the Panama Canal is again attracting attention after the captain of a tugboat is said to have died due to a grueling work schedule. The International …
Read More »LNG PRICES FALL FROM 2026 HIGHS
04 OCT 2026 In a development which has surprised even traders in the London LNG commodities market, prices for LNG have been falling and come off year-long peaks in recent days, despite there being no agreement on a return to normality in the Strait of Hormuz. With vessels navigating with …
Read More »ALTERNATIVE-FUEL SHIP ORDERS SURGE TO TWO-YEAR HIGH
CMA CGM’s LNG-powered CMA CGM Jacques Saadé under construction at China State Shipbuilding Corporation 03 OCT 2026 Alternative-fuel ship orders rebounded sharply in the third quarter, with September delivering the strongest monthly total in nearly two years as LNG remained the dominant choice for new vessels. Shipowners placed orders for 69 …
Read More »NUCLEAR-POWERED LNG CARRIER WOULD COST 2.5 TIMES MORE TO BUILD, STUDY FINDS
lng ship bunkering in fog. 02 OCT 2026 A nuclear-powered LNG carrier could cost roughly 2.5 times as much to build as a conventional vessel, but lower fuel costs could significantly change the economics over the ship’s operating life, according to a new study supported by the American Bureau of …
Read More »ANOTHER TANKER HIT IN STRAIT OF HORMUZ AS ATTACKS CONTINUE
Vessels in the Strait of Hormuz, as seen from Musandam, Oman, August 3, 2026. 01 OCT 2026 A tanker has been struck by an unknown projectile while transiting the Strait of Hormuz, the latest in a string of attacks that have emerged over the past several days as the maritime …
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