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As the Middle East conflict continues, an analysis by maritime software provider Veson Nautical has revealed the staggering scale of disruption across global shipping markets. According to Veson, roughly one in five of the world’s offshore vessels is now based in a region that has effectively ceased operations due to the Iran war and the …
https://splash247.com/gulf-conflict-strands-major-share-of-offshore-fleet/
https://splash247.com/gulf-conflict-strands-major-share-of-offshore-fleet/Dr Hendrik Müller-Lankow, a German lawyer representing Russian and foreign ship operators in litigation before the General Court of the European Union, writes for Splash today. Few areas of European Union (EU) sanctions policy reveal the gap between political ambition and legal discipline as clearly as the campaign against Russia’s so-called shadow fleet. The policy …
https://splash247.com/eu-vessel-sanctions-and-the-politics-of-administrative-overreach/
https://splash247.com/eu-vessel-sanctions-and-the-politics-of-administrative-overreach/Shipbuilding, steel, AI and energy infrastructure will be recognised as critical for UK national security, with new guidance prioritising contracts for British business where necessary to protect national security, according to new guidelines from the Keir Starmer-led government. “Recent events have shown the fragility of global supply chains, and the importance of ensuring domestic capacity …
https://splash247.com/uk-earmarks-shipyards-as-critical-for-national-security/
https://splash247.com/uk-earmarks-shipyards-as-critical-for-national-security/A fresh pattern has emerged in the opening months of 2026, with several Chinese owners branching into the capesize arena through first-time newcastlemax acquisitions—big-ticket bulker buys likely to trade only for a few years before heading to the breakers. The latest entrant is Sea Glory. VesselsValue shows the company, better known in the chemical trades …
https://splash247.com/sea-glory-enters-the-cape-segment-with-newcastlemax-buy/
https://splash247.com/sea-glory-enters-the-cape-segment-with-newcastlemax-buy/Danish owner and operator Norden is stepping into the ice-class segment, tying a long-term cargo deal to a fresh newbuilding order in China. The Copenhagen-listed company has signed a contract of affreightment (COA) with Swedish mining group LKAB for up to 10 years, covering shipments of bentonite from Greece to northern Sweden. To back the …
https://splash247.com/norden-moves-into-ice-class-with-lkab-deal-and-newbuild-order/
https://splash247.com/norden-moves-into-ice-class-with-lkab-deal-and-newbuild-order/Finnish wind propulsion firm Norsepower has teamed up with COSCO Shipping Heavy Industry Equipment (CHIC) to ramp up production and global deployment of its rotor sails. The long-term deal moves beyond the companies’ initial memorandum of understanding, covering production, sales, installation, service, and joint engineering development. Norsepower brings its rotor sail tech and control systems, …
https://splash247.com/norsepower-and-cosco-team-up-to-mass-produce-rotor-sails/
https://splash247.com/norsepower-and-cosco-team-up-to-mass-produce-rotor-sails/Confusion reigns supreme towards the end of the fourth week of the Hormuz shipping crisis, with president Donald Trump yesterday stating one line only to be contradicted repeatedly by Tehran. Vessel traffic movement in and out of the Strait of Hormuz remains minimal and bunker availability around the world is a growing concern. Ukraine went …
https://splash247.com/splash-wrap-iran-stalemate-weighs-heavily-on-bunkers/
https://splash247.com/splash-wrap-iran-stalemate-weighs-heavily-on-bunkers/Paralysis around the Strait of Hormuz is being felt at global shipping hubs around the world. Ships are holding, rerouting, or bunching at alternative ports while operators wait for clarity with contradicting lines coming out of Washington and Tehran on the state of the war, which enters its fifth week tomorrow. The seven-day average number …
https://splash247.com/anchorage-queues-swell-in-asia-as-war-enters-week-five/
https://splash247.com/anchorage-queues-swell-in-asia-as-war-enters-week-five/Hapag-Lloyd has published its annual report for the 2025 fiscal year, announcing that the group EBITDA stood at $3.6 billion (EUR 3.2 billion) and profits at $1.0 billion (EUR 0.9 billion).The result was at the upper end of the earnings forecast…
https://www.marinelink.com/news/hapaglloyd-earnings-down-last-year-537393
https://www.marinelink.com/news/hapaglloyd-earnings-down-last-year-537393BIMCO has released its Container Shipping Market Overview & Outlook March 2026 saying the Iran war amplifies outlook uncertainty."Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped…
https://www.marinelink.com/news/bimco-container-ships-stranded-persian-537394
https://www.marinelink.com/news/bimco-container-ships-stranded-persian-537394