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 …
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