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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