June 2, 2026
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KNK Ship Management signs shipbuilding contract with Shoft Shipyard for Construction of Modern Ocean-Going Tugs

May 30, 2026 Maritime, Ship Building, Shipmanagement, Shipyards, Trade, Trending News
DAHEJ : KNK Ship Management has announced the signing of a significant shipbuilding contract with Shoft Shipyard, Dahej, for the construction of two state-of-the-art 70 Ton Bollard Pull ASD (Azimuth Stern Drive) modern ocean-going

Iran’s new Strait of Hormuz body condemns US sanctions, vows ‘no interruptions’

May 30, 2026 Export - Import, Foreign Ports, International Shipping, Maritime, Shipping Line, Trade, Trending News
TEHRAN: Persian Gulf Strait Authority (PGSA), Iran’s new body to manage the passage of vessels through the Strait of Hormuz, condemned the US sanctions on it and vowed to continue its operations “without interruptions”.

Global Shipping firms warn of rising trade costs amid route disruptions

May 30, 2026 International Shipping, Global Trade, Maritime, Shipping Line, Trade, Trending News
LONDON : Global Shipping companies are facing mounting costs and capacity constraints as trade disruptions force cargo operators to rely on alternative routes, raising concerns about higher prices for businesses and consumers worldwide. Senior

Wallem wins RINA Maritime Diversity Award 2026

May 30, 2026 International Shipping, Company, Maritime, Technology, Trade, Trending News
HONG KONG: Wallem Group, a leading global maritime partner, has won the Royal Institution of Naval Architects (RINA) Maritime Diversity Award 2026, in recognition of its Women of Wallem (WoW) initiative and its commitment to

Lloyd’s Register strengthens global commercial leadership with Anthi Miliou appointment

May 30, 2026 International Shipping, Classification Society, Company, Maritime, Trade, Trending News
LONDON: Lloyd’s Register (LR) has appointed Ms. Anthi Miliou as Senior Vice President (SVP) for Greece & Cyprus and SVP Global Commercial, strengthening its senior leadership in one of the world’s most influential shipping markets and placing an

Republic of the Marshall Islands Maritime Administrator Welcomes HEROIC IDUN Judgment

May 30, 2026 International Shipping, Maritime, Maritime Law, Shipping Line, Trade, Trending News
HAMBURG: A Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) delivered its judgment Wednesday in the case of the Republic of the Marshall Islands v. Republic of Equatorial Guinea “Heroic Idun”

Press Statement from the Palau Ship Registry

May 30, 2026 Tanker, Classification Society, International Shipping, Maritime, Trade, Trending News
GREECE: The Palau Ship Registry notes that certain reports have identified M/T JAMES II (IMO 9253909) as a vessel registered under the Palau flag. This is not correct. To clarify, M/T JAMES II has

Sarbananda Sonowal highlights India’s maritime growth at CII CEOs Roundtable

May 29, 2026 Maritime, Business, Global Trade, Trade, Trending News
NEW DELHI : Union Minister of Ports, Shipping & Waterways, Government of India, Shri Sarbananda Sonowal, expressed his delight while interacting with leading industry captains and stakeholders at the CEOs Roundtable organised by the

“India stands ready to support efforts to reduce tensions”: Ajit Doval calls for uninterrupted flow of trade through Hormuz, Red Sea

May 29, 2026 International Shipping, Business, COMMERCE, Economy, Maritime, Maritime Security, Trade, Trending News
MOSCOW: National Security Advisor Ajit Doval called for special attention to the situation in West Asia, emphasising the need to ensure the safe and uninterrupted flow of trade through international waterways, including theStrait of

Finance Ministry to conduct factory visits for ground-level inputs ahead of Budget planning

May 29, 2026 Trade, Business, Economy, Finance, Global Trade, Trending News
NEW DELHI : In a first, the Union Finance Ministry has launched a nationwide programme of field visits to manufacturing units and industrial clusters as the government seeks ground-level industry feedback to support economic
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