Shipping News

A commercial vessel that was seized by unidentified attackers is still off the coast of Somalia, raising concerns about additional instability for international trade as attacks in the Red Sea intensify.

The heavy-lift installation ship Svanen, owned by Van Oord, is about to undergo a significant renovation.

Oil steadied as the investors considered the potential effect on the oil supply from attacks by the Iran-aligned Houthi militants against vessels in the Red Sea

HII segment Ingalls Shipbuilding, reportedly has laid the keel of the 81st guided-missile destroyer that belongs to the Arleigh Burke-class for the US Navy, the George Neal..

Lloyd Austin, the Defense Secretary, declared on Tuesday that more large shipping companies were being forced to reroute due to strikes by Iran-backed Houthi insurgents in Yemen

According to reports, the crews of the vessel, identified as the MSC Clara and the Norwegian-owned Swan Atlantic, were targeted when they did not reply to calls from the Houthi group.

The Suez Canal Authority (SCA) is keeping an eye on the rising Red Sea tensions as a result of recent militant attacks on nearby vessels by Yemenis.

The M.V. Ruen, a ship flying the flag of Malta, was taken over by six trespassers, and the Indian Navy is keeping a close eye on the situation in the Arabian Sea.

In January 2024, Mitsui O.S.K. Lines, Ltd. will launch a public offering of “blue bonds” on the Japanese domestic market.