Grace Ocean the Singapore-based owners of the Maersk chartered Dali, which ran into Baltimore’s Francis Key Bridge killing six workers and demolishing the crossing, declared general average on Saturday.

Big name shippers have tens of millions of dollars worth of cargo stuck onboard the container ship MSC Aries seized by Iranian forces on 13 April, according to data from Vizion.

The Indian Register of Shipping has recruited a new Chief Technology Officer (CTO) responsible for accelerating its digitalisation initiatives.

Orient Overseas Container Line (OOCL) reports total revenues were down 9.0% to $1.98 billion for the first quarter ended 31 March 2024, as compared to the same period in 2023.

“IMO is not slow”, was the reply of Secretary-General Arsenio Dominguez when asked to respond to those impatient with its pace on regulation for decarbonisation of shipping.

Dutch towage and maritime company KOTUG International has signed an agreement with Padmos build a series of electric tugs.

Iran’s launch of 300 drones and missiles aimed at Israeli targets in the early hours of Sunday has led to a sharp rise in energy-related geopolitical risk and an expected spike in oil prices.

The US and UK have called for the immediate release of the container ship MSC Aries seized by Iran.

Iranian forces have taken control of a 15,000 teu container ship in the Strait of Hormuz and diverted it to Iran.

Salvors have removed approximately 38 containers from Dali, the containership which remains pinned under the remains of the Francis Scott Key Bridge in Baltimore.