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Rebuilding of oil stocks may support post-war tanker demand growth

“The Strait of Hormuz has been effectively closed for three months, trapping hundreds of ships and thousands of seafarers in the Persian Gulf while significantly reducing global seaborne tanker volumes,” says Niels Rasmusssen, Chief Shipping Analyst at BIMCO. As it is unknown when ships can safely return to the strait, we present two outlook scenarios. …

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CYTUR Receives Digital Twin Ready AiP from Lloyd’s Register

CYTUR Inc., a maritime cybersecurity specialist, today announced that its naval and commercial vessel cybersecurity solution ‘CYTUR-MG (CYTUR Maritime Guard)’ has received Approval in Principle (AiP) for Digital Twin Ready in the cybersecurity domain from the Lloyd’s Register (LR). The approval is particularly significant as it represents an independent technical assessment of operational-stage cyber risk …

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Xeneta Weekly Ocean Container Shipping Market Update: Rates Now 80% Higher Than the Pre-Iran War Period

Early Xeneta data shows average spot rates on the Transpacific trade into US West Coast at the start of June are set to exceed +80% above pre-Middle East conflict levels. The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting …

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LPG highlighted as a practical pathway to accelerate decarbonisation in LR’s latest Fuel for thought report

The updated edition of LR’s Fuel for Thought LPG report positions LPG as an immediately deployable, scalable and technically proven fuel pathway capable of delivering meaningful emissions reductions across the maritime sector. Lloyd’s Register (LR) has published an updated edition of its Fuel for Thought: LPG report, produced jointly with the World Liquid Gas Association …

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“K” LINE Awarded CDP’s “Supplier Engagement Assessment” A score

Kawasaki Kisen Kaisha, Ltd. (“K“ LINE) is pleased to announce that the company was awarded the “Supplier Engagement Assessment” A score for the eighth consecutive year, the top rating, on “Supplier Engagement Assessment” from CDP, which is a non-profit global organization (NGO) engaged in investigating and disclosing environmental information. The “Supplier Engagement Assessment“ evaluates the …

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