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Iran’s new leader issues first statement: Strait of Hormuz must remain closed until war ends

TEHRAN : Iran’s new supreme leader, Mojtaba Khamenei, released his first statement on Thursday, asserting the Strait of Hormuz will remain closed and Tehran...

Reports of Iran allowing Indian ships through Strait of Hormuz ‘premature’

NEW DELHI : The External Affairs Ministry on Thursday (March 12, 2026) said it is rather “premature” to discuss reports about India receiving permission...

DP World Reports Record $24.4 BN Revenue and $6.4BN EBIDTA in 2025

DUBAI: DP World Thursday announced record financial results for 2025, with revenue up 22% to $24.4 billion, and adjusted EBITDA up 18% to $6.4 billion (margin 26.3%), driven by...

Chubb to serve as lead US insurer for Gulf shipping amid Iran war

WASHINGTON : Insurance Giant Chubb (CB.BN), opens new tab will be the lead partner on the U.S. International Development Finance Corporation's $20 billion Maritime...

INTERCARGO urges Vigilance and Reaffirms Priority on Seafarer Safety as Security Risks Escalate in Middle East Gulf and Strait of Hormuz

The International Association of Dry Cargo Shipowners (INTERCARGO) has expressed deep concern over the rapidly evolving security situation in the Gulf waters and the...

IMO calls extraordinary council meeting to discuss situation in Middle East

LONDON : The Council will focus on the impact on shipping and seafarers in the Arabian Sea, the Sea of Oman and the Gulf...

Thordon Bearings and SNAME announce New Graduate Scholarship to Accelerate Innovation in Green Vessel Design

ONTARIO: Thordon Bearings Inc. has partnered with the Society of Naval Architects and Marine Engineers (SNAME) to launch the Thordon Bearings Graduate Scholarship, an...

The Caravel Group, IMI, and Fleet Management Celebrate Significant Progress on the 1st Anniversary of Working Together as One to Train a New Generation...

HONG KONG:12th March 2026 marks a significant milestone for the global shipping industry as The Caravel Group, celebrates the first anniversary of the International...

EXMAR deploys Inmarsat NexusWave to power secure, always-on connectivity across its fleet

ANTWERP: Inmarsat Maritime, a Viasat company, is rolling out NexusWave across EXMAR’s growing fleet of gas carriers to meet the Belgian shipping company’s evolving commercial and crew...

Bureau Veritas approves BAR Technologies’, supporting Pwind compliance within FuelEU the Maritime framework

PORTSMOUTH: Bureau Veritas Marine & Offshore (BV) has completed a technical review confirming BAR Technologies’ calculation of available effective power of the two 37.5m...
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