Lloyd’s Register: Nuclear propulsion enters shipping’s strategic agenda

As shipping continues to search for realistic pathways to decarbonization, nuclear propulsion is beginning to re-emerge as a strategic topic for the industry, according to Panos Mitrou, Senior Vice President for Shipping Strategy at Lloyd’s Register. Speaking during Posidonia, Mitrou said the exhibition has once again confirmed its role as a key meeting point for …

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Shipping groups want mines cleared, TSS restored for normal Hormuz traffic

Maritime traffic via the Strait of Hormuz will only return to normal levels when mines are removed and traditional routes restored, some of the world’s largest shipping organizations said June 18 while calling for more clarity on transit rules and coordination among authorities to allow safe passage. Iran has warned of mine risks for transiting …

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US-Iran deal to reopen Strait of Hormuz— but full container shipping recovery at least three months away

The US-Iran deal should allow a return of container shipping to the Strait of Hormuz, but the scale of disruption caused by the blockade means, even a best-case scenario, puts a recovery of ocean supply chain networks at mid-September 2026 and spot rates rising for at least another four weeks before the market peaks. “This …

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Baltic Dry Index Up to 1-Week High

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a second session on Friday, rising about 2.4% to its highest since June 12 at 2,722 points, underpinned by the larger vessel segment. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, …

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Hormuz relief may not ease the economic toll that’s already ‘baked in,’ analysts warn

Early signs that the Strait of Hormuz is reopening have eased the most acute threat to global energy supplies, but economic damages from the nearly four months of war will take months to unwind, analysts warned. The U.S. and Iran signed a memorandum Thursday to open the Strait of Hormuz, ending a war that has …

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