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Aging Greek Ferry Fleet Sparks Calls for Renewal
Businessnaftemporiki10d ago

Aging Greek Ferry Fleet Sparks Calls for Renewal

A report highlights that 8 out of 10 Greek ferry ships are significantly old, prompting urgent calls for the government, banks, and shipping companies to initiate a renewal of the country's passenger fleet.

Geopolitical Conflicts Drive Up Fuel Prices
Worldhotnews17d ago

Geopolitical Conflicts Drive Up Fuel Prices

Escalating geopolitical conflicts have disrupted several maritime oil transport routes, from the Strait of Hormuz to the Black Sea, leading to increased fuel prices as shipping companies avoid these areas.

Houthis Threaten Shipping Companies Over Saudi Ports
Worldindex-hrjerusalem-postnaftemporiki+1The Week27d ago4 sources

Houthis Threaten Shipping Companies Over Saudi Ports

The Houthis have threatened shipping companies, warning them to avoid Saudi ports for loading and unloading cargo. This escalation raises concerns about potential new fronts in the Middle East conflict and disruptions to Russian crude supply, impacting global oil markets.

Greek Shipping Companies Earn Billions Transporting Russian Oil
Worldcapital-bg1mo ago

Greek Shipping Companies Earn Billions Transporting Russian Oil

Despite G7 efforts to limit Russia's oil export revenues, Greek shipping companies have reportedly earned $3.8 billion from transporting Russian oil over the past three years. This highlights the continued flow of Russian energy products to Western markets.

Greek Passenger Shipping Association Honors Seafarers
Worldnaftemporiki1mo ago

Greek Passenger Shipping Association Honors Seafarers

On the occasion of World Seafarers' Day 2026, the President of the Greek Passenger Shipping Companies Association (SEEN), Dionysis Theodoratos, issued a message honoring Greek seafarers for their long-standing contribution to coastal shipping.

Oil Tanker Earnings Soar Amid Strait of Hormuz Deal Hopes
Worldpublicoindex-hrobservador+3indian-expressdanaszerohedge1mo ago6 sources

Oil Tanker Earnings Soar Amid Strait of Hormuz Deal Hopes

Oil tanker earnings have surged to record highs, reaching up to $470,000 a day, driven by hopes of a deal in the Strait of Hormuz. This has led to a frenzy in tanker rates and record revenues for shipping companies.

Strait of Hormuz Shipping Restoration to Take Weeks
WorldNYTEL PAISYahoo+2klix-banewsbeast2mo ago5 sources

Strait of Hormuz Shipping Restoration to Take Weeks

Shipping companies remain cautious about the Strait of Hormuz, with the largest tanker operator stating that it will take weeks to restore normal shipping through the strait. The delay is attributed to mines, broken logistics, and damaged infrastructure.

Shipping Industry Moves Towards Mature AI Integration
Technologynaftemporiki3mo ago

Shipping Industry Moves Towards Mature AI Integration

The shipping industry is transitioning from experimental phases to a more mature integration of Artificial Intelligence. Approximately six out of ten shipping companies and organizations have already initiated pilot programs or are experimenting with AI adoption.

Senate Confirms Kevin Warsh to Federal Reserve Board
WorldBBCbloombergNYT+61FTwapoThe GuardianNPRAl Jazeeradr-dkFox Newsyle-uutiset+53 more3mo ago64 sources

Senate Confirms Kevin Warsh to Federal Reserve Board

The U.S. Senate confirmed Kevin Warsh, a pick by President Trump, to the Federal Reserve Board of Governors in a close vote. His confirmation positions him as a potential candidate for the Fed chair.

Shipping Costs Rise Amid Middle East Tensions, Maersk Hikes Prices
EnvironmentcnbcThe IndependentKorea Herald+1Daily Sabah3mo ago4 sources

Shipping Costs Rise Amid Middle East Tensions, Maersk Hikes Prices

Major shipping companies, including Maersk, are increasing prices and warning of significant impacts due to ongoing tensions in the Middle East, which affect shipping routes and costs. This situation is also anticipated to lead to a dramatic rise in food prices.

Trump Declares Iran Hostilities Terminated to Congress
PoliticsAPBBCbloomberg+71NYTwsjwapoThe GuardianNPRAl JazeeraCNNdr-dk+63 more3mo ago74 sources

Trump Declares Iran Hostilities Terminated to Congress

President Trump informed Congress that hostilities with Iran have "terminated" or are "over," despite earlier considerations of military action. This declaration came amidst ongoing tensions and discussions regarding the need for congressional authorization for any conflict.

Czech Customs Seize 115 kg of Ketamine Destined for Canada
Worldaktualne-cz5mo ago

Czech Customs Seize 115 kg of Ketamine Destined for Canada

Czech customs officials dismantled an international drug smuggling group that used shipping companies and hidden compartments in cosmetic products to traffic large quantities of drugs. They seized 115 kilograms of ketamine intended for Canada.

WorldNHK World5mo ago

Iran Situation Intensifies, Private Oil Reserves to Be Released from the 16th, METI

Due to the intensifying situation in Iran, concerns are rising about the stable supply of crude oil and its price increase. Shipping companies and farmers are expressing their worries. In light of this, the Ministry of Economy, Trade and Industry (METI) has announced that the release of private oil reserves will begin on the 16th of this month.

Asian Shipping Lines Expand Arctic Routes, Europe Lags
Businessrzeczpospolita4d ago

Asian Shipping Lines Expand Arctic Routes, Europe Lags

Chinese and South Korean shipping companies are launching new routes through the Arctic, significantly shortening transport times and bypassing the Middle East. Experts warn that Europe risks being left behind due to its environmental policies and sanctions.

Iran Threatens to Close Strait of Hormuz to All Vessels
Politicsindex-hrsbs-news2mo ago2 sources

Iran Threatens to Close Strait of Hormuz to All Vessels

Iran has vowed to close the Strait of Hormuz to all vessels following US strikes, raising questions about the strait's accessibility. The decision on whether the vital shipping lane remains open or closed ultimately rests with shipping companies.

Safe Bulkers Dual Listing on Euronext Athens and NYSE
Businesscyprus-mailiefimeridanaftemporiki+1newsbeast2mo ago4 sources

Safe Bulkers Dual Listing on Euronext Athens and NYSE

Safe Bulkers, a shipping company, has completed a dual listing on Euronext Athens, in addition to its existing listing on the New York Stock Exchange. This move is seen as a significant step in redefining the relationship between the shipping industry and capital markets in Greece, potentially paving the way for other shipping companies.

Trump Administration Expands Sanctions Against Cuba
Worldirozhlas3mo ago

Trump Administration Expands Sanctions Against Cuba

The Trump administration has significantly expanded sanctions against Cuba, with a new executive order targeting not only regime officials but also non-American companies, banks, and shipping companies trading with the island.

Security Firm Warns of Hormuz Strait Safe Passage Scam Messages
WorldReutersdr-dkberlingske+5Times of Indiastraits-timescyprus-mailRapplerexpress-tribune3mo ago8 sources

Security Firm Warns of Hormuz Strait Safe Passage Scam Messages

A security firm issued a warning to shipping companies about fraudulent messages offering safe transit through the Strait of Hormuz. These scam messages attempt to solicit payments for non-existent protection services.

Nigerian Shippers Council Suspends Tariff Hike Amid Stakeholder Concerns
Businesspunch-ngvanguard-ng5mo ago2 sources

Nigerian Shippers Council Suspends Tariff Hike Amid Stakeholder Concerns

The Nigerian Shippers Council has ordered an immediate suspension of the recent shipping tariff hike, citing stakeholder concerns and an ongoing review, following a directive from the Federal Government to all shipping lines. This action addresses industry stakeholder concerns and follows previous disputes over tariff increases.

Maersk Resumes Shipping Through Suez Canal
WorldDaily Sabah1mo ago

Maersk Resumes Shipping Through Suez Canal

Maersk, one of the world's largest shipping companies, has announced its decision to restart its Middle East-to-U.S. East Coast shipping service via the Suez Canal.

Greek Shipping Companies Earn Billions Transporting Russian Oil
WorldFThelsingin-sanomatberlingske+4rzeczpospolitadnevnik-bgnaftemporikinewsbeast1mo ago7 sources

Greek Shipping Companies Earn Billions Transporting Russian Oil

Greek shipping companies have reportedly earned nearly $4 billion over the past three years by legally transporting Russian oil. This activity has continued despite international sanctions against Russia.

Iran Issues Warnings Amid Escalating Tensions with US
PoliticsAPReutersBBC+95bloombergNYTFTle-mondeThe GuardianNPRAl JazeeraCNN+87 more3mo ago98 sources

Iran Issues Warnings Amid Escalating Tensions with US

Iran has issued strong warnings, including threats of opening new fronts and parliamentary votes on bounties, amidst escalating tensions with the United States. These developments follow recent US actions and threats concerning the region.

Shipping Companies Seek Routes to Bypass Strait of Hormuz
WorldReutersle-figarolsm-lv+1ukrinform3mo ago4 sources

Shipping Companies Seek Routes to Bypass Strait of Hormuz

Major shipping companies are exploring and implementing new routes to bypass the Strait of Hormuz amidst a regional crisis. Some companies are even shifting to truck transport to avoid the strategic waterway.

US, Iran Envoys Gather in Islamabad Amid Talk Uncertainty
WorldAPReutersbloomberg+39wsjNPRAl JazeeranzzcbcaftonbladetberlingskeSCMP+31 more3mo ago42 sources

US, Iran Envoys Gather in Islamabad Amid Talk Uncertainty

US and Iranian delegations have arrived in Islamabad for anticipated peace talks, but the prospect of direct negotiations remains uncertain as Iran's foreign minister has indicated he will not meet directly with US envoys.

Regulation Submitted for Ferry Company Compensation in Greece
Worldiefimerida3mo ago

Regulation Submitted for Ferry Company Compensation in Greece

A new amendment has been submitted to the Greek Parliament, aiming to satisfy a long-standing request from the ferry market by providing compensation to shipping companies for mandatory discounts. The initiative was led by the Minister of Shipping and Island Policy.

NCS seeks stakeholder collaboration to achieve 24-hour port operations
Businessvanguard-ng5mo ago

NCS seeks stakeholder collaboration to achieve 24-hour port operations

The Nigeria Customs Service (NCS) says achieving 24-hour operations at the nation’s seaports requires full cooperation from all stakeholders, including banks, shipping companies, and terminal operators. The post NCS seeks stakeholder collaboration to achieve 24-hour port operations appeared first on Vanguard News.

Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships
Businesszerohedge6mo ago

Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships

Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships South Korea is tightening the race with China in global shipbuilding after U.S. plans to curb Chinese-built vessels disrupted order flows and redirected demand , according to Nikkei.  Worldwide new orders fell 27% in 2025 to 56.42 million compensated gross tonnage (CGT) — the first annual drop in two years — according to U.K.-based Clarksons Research. China remained No. 1 but saw orders tumble 35% to 35.36 million CGT, shrinking its share to 62.7%. South Korea, ranked second, moved the other way: orders climbed 8% to 11.59 million CGT, lifting its share to 20.6%. Japan, in third, recorded a 53% plunge to 2.77 million CGT, with its slice slipping to 4.9%. The shift followed a U.S. announcement last April outlining fees on Chinese-built ships entering American ports starting in October 2025. Although the policy was delayed for a year after a U.S.-China summit in late October, uncertainty had already prompted global shipping companies to hesitate on new Chinese orders. A unit of China State Shipbuilding Corp. said it was disadvantaged in contract talks last summer, opening the door for South Korean yards to win more large container ship deals. HD Korea Shipbuilding & Offshore Engineering cited weaker demand for Chinese shipyards as a key reason for its recent surge in orders. Nikkei writes that the company posted record results for the year ended December: revenue rose 17% to roughly 29 trillion won ($20.1 billion), while net profit doubled to about 3 trillion won. Government-backed workforce initiatives have also supported the industry. Seoul opened a training center in Indonesia in 2024 to prepare skilled workers, including Korean language instruction, before dispatching them to local yards. Shipbuilders have raised wages and introduced AI tools to ease labor strain. Foreign employment in South Korea’s shipbuilding sector hit a record 22,824 at the end of 2024 — about four times the level five years earlier — with foreigners making up more than 20% of the workforce. Japan, meanwhile, has struggled to capture orders shifting away from China. Data from the Japan Ship Exporters' Association show export contracts in 2025 fell 20% to 8.93 million gross tons, marking a fourth straight year of decline. Limited yard capacity, slipways booked through around 2029, and labor shortages have constrained growth and pushed up costs. Looking ahead, global demand is expected to rebound in 2026 as stricter environmental rules accelerate orders for vessels powered by next-generation fuels such as hydrogen and ammonia. HD Korea Shipbuilding & Offshore Engineering has set a 2026 order target of $23.3 billion, up 26% from this year, citing steady demand for new builds and fleet replacements. China is working to regain momentum. In December, Cosco Group placed 50 billion yuan ($7.23 billion) in orders with China State Shipbuilding Corp., underscoring coordinated support among state-owned enterprises. Japan is also attempting a reset. Imabari Shipbuilding recently completed its acquisition of Japan Marine United to streamline operations. The government aims to double domestic shipbuilding capacity to 18 million gross tons by 2035, seeking to narrow the wide gap with South Korea and China. Tyler Durden Mon, 02/16/2026 - 14:00