Economies face $14 billion in annual losses from maritime chokepoint disruptions

Global trade routes are increasingly vulnerable as the world’s narrow shipping passages, known as maritime chokepoints, face mounting threats from both human-induced hazards such as conflict, piracy, and terrorism, and natural hazards driven by extreme weather. A new study estimates that disruptions at these critical points affect around $192 billion worth of maritime trade each …

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How geopolitical tension and economic flux are reshaping the ‘global shipping container market’

Container prices have eased slightly, but UK demand is rising. Orders for new one-trip containers have tripled since Q1, as companies try to stay ahead of rising freight costs and potential delays. Red Sea diversions are still adding time and cost. In the Strait of Hormuz, tensions are affecting oil prices and shipping activity. These …

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As the shadow fleet expands, loss of visibility poses a growing threat to maritime safety

The shipping industry has always been good at navigating uncertainty; however the rapid expansion of the shadow fleet represents a different kind of risk. It’s not just regulatory or geopolitical; it’s informational. Each vessel that goes dark removes a small piece of the world’s safety awareness, and that loss is beginning to matter, writes Yarden …

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The Operator’s AI Playbook: Accelerating Readiness in Maritime Cybersecurity

In the 1995 movie Hackers, “the Da Vinci virus” is an adversary that seizes control of an operator’s container ships via their automated ballast systems. The malware is actually a mirage, designed to distract while bad actors launch a stealthy attack to extract millions of dollars from the operating company. What once sounded like strange …

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McDermott crosses the finish line for subsea gig at Shell’s gas project

U.S. offshore engineering and construction player McDermott has put the finishing touches on an assignment, encompassing multiple natural gas fields, which Sarawak Shell, a subsidiary of the UK-headquartered energy giant Shell, operates off the coast of Malaysia. The post McDermott crosses the finish line for subsea gig at Shell’s gas project appeared first on Offshore …

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France’s gas ‘safety net’ no longer needed: TotalEnergies dismantling LNG terminal

TotalEnergies has decided to demobilize its floating storage and regasification unit (FSRU) in Le Havre, as this liquefied natural gas (LNG) terminal is no longer required to strengthen energy security in the country and Europe. The post France’s gas ‘safety net’ no longer needed: TotalEnergies dismantling LNG terminal appeared first on Offshore Energy.

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